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Print - 2019-12-29
Robberies, thefts on the rise in Capital

Robberies, thefts on the rise in Capital

The incidents of robbery, motor vehicle theft and kidnapping witnessed an increase in the federal capital as over 12 cases of various kinds of theft, seven cases of carjacking and three cases of kidnapping were reported to various police stations of the c
Published 29 Dec, 2019 12:00am
PM says government facing resistance to reforms

PM says government facing resistance to reforms

The Prime Minister Imran Khan Saturday again expressed his resolve to eliminate the status quo resisting the reforms being introduced in different sectors of the country and said they would face all resistance and pressures of corrupt mafia who had been t
Published 29 Dec, 2019 12:00am
Truck bomb kills at least 90 in Mogadishu

Truck bomb kills at least 90 in Mogadishu

At least 90 people were killed when a bomb-laden truck exploded at a busy checkpoint in the Somali capital Mogadishu on Saturday, an international organisation working in the country said, in the deadliest attack in more than two years.
Published 29 Dec, 2019 12:00am
Taliban kill 10 Afghan soldiers in attack on base

Taliban kill 10 Afghan soldiers in attack on base

Ten Afghan soldiers were killed in a Taliban attack on a military base in the southern province of Helmand on Saturday, officials said. The Taliban dug a tunnel into the base in volatile Sangin district and then blew it up before their fighters could atta
Published 29 Dec, 2019 12:00am
SBP abolishes fee on payment of govt taxes via ADCs, OTC

SBP abolishes fee on payment of govt taxes via ADCs, OTC

The State Bank of Pakistan (SBP) has announced that the fee on payment of government taxes and duties through Alternate Delivery Channels (ADCs) and Over-the-Counter (OTC) will be abolished from January 1, 2020. Presently, taxpayers pay Rs10 to Rs50 per t
Published 29 Dec, 2019 12:00am
China slashes red tape for IPOs

China slashes red tape for IPOs

Chinese lawmakers agreed Saturday to slash red tape for initial public offerings, approving an amendment to the country's securities law that also aims to better protect investors and prevent insider trading.
Published 29 Dec, 2019 12:00am
SECMC: CDB likely to issue CP clarification letter tomorrow

SECMC: CDB likely to issue CP clarification letter tomorrow

China Development Bank (CDB) is likely to issue Condition Precedent (CP) clarification letter in favour of Sindh Engro Coal Mining Company (SECMC) on Monday (tomorrow) meant to ensure its financial close by December 31, 2019 and enactment of its already a
Published 29 Dec, 2019 12:00am
Opposition rejects amended law

Opposition rejects amended law

Rejecting the Presidential Ordinance on National Accountability Bureau (NAB) law by the Pakistan Tehreek-e-Insaf (PTI) government, the opposition's Rahbar Committee on Saturday asked the government to bring all the legislation related matters to the Parli
Published 29 Dec, 2019 12:00am
Law ministry notifies NAB (Amend) Ord 2019

Law ministry notifies NAB (Amend) Ord 2019

The Ministry of Law has issued a notification on Saturday after the approval of the NAB Amendment Ordinance 2019. Earlier, the Supreme Court of Pakistan received an application against the National Accountability (Amendment) Ordinance, 2019, promulgated b
Published 29 Dec, 2019 12:00am
Indian police officer tells protesters to 'go to Pakistan'

Indian police officer tells protesters to 'go to Pakistan'

A senior police officer in India's Uttar Pradesh state has been caught on camera telling residents protesting the country's new citizenship law to "go to Pakistan", Indian Express reported on Saturday.
Published 29 Dec, 2019 12:00am
SECP chief delineates digitalization roadmap for startups

SECP chief delineates digitalization roadmap for startups

Securities and Exchange Commission of Pakistan (SECP) Chairman Aamir Khan Saturday shared the roadmap for SECP's end-to-end digitalization for encouraging new startups and investors through improved access to finance, ease of doing business, reducing cost
Published 29 Dec, 2019 12:00am
Ukraine rivals to swap prisoners Sunday

Ukraine rivals to swap prisoners Sunday

Ukrainian authorities and pro-Russian separatists in the war-torn east of the country are expected to swap dozens of prisoners in a frontline operation on Sunday. Both sides had said earlier this month they would carry out a prisoner exchange by the end o
Published 29 Dec, 2019 12:00am
Scores in Turkey protest Russia over Idlib assault

Scores in Turkey protest Russia over Idlib assault

Several hundred Turkish and Syrian protesters held an anti-Russia demonstration in Istanbul on Saturday against intensified Russian and regime bombardment in Syria's rebel bastion of Idlib.
Published 29 Dec, 2019 12:00am
OIC decides to convene special meeting on Kashmir

OIC decides to convene special meeting on Kashmir

Saudi Arabia on Saturday vowed to convene a special meeting of the foreign ministers of member states of the Organisation of Islamic Conference (OIC) on the ongoing atrocities in occupied Kashmir in Islamabad.
Published 29 Dec, 2019 12:00am
Industrial sector: RLNG supply to be restored on Tuesday

Industrial sector: RLNG supply to be restored on Tuesday

It has been decided to restore RLNG supply to industrial sector from Tuesday, December 31, 2019. This decision has been taken because of resumption in gas supplies from MOL gas field as well as increased RLNG supplies.
Published 29 Dec, 2019 12:00am
Policy pitfalls - II
Letters

Policy pitfalls - II

National Savings receives funds from domestic savers in DSCs and Behbud funds on special rates of profits for retired, widowed and senior citizens and RIC investment account on normal rate of interest in finance ministry have vision to attract more and mo
Published 29 Dec, 2019 12:00am
Survivors tell of France's 'dirty war' in Cameroon independence
Articles

Survivors tell of France's 'dirty war' in Cameroon independence

It was a "dirty war" waged by French colonial troops but it never made headlines and even today goes untold in school history books. The brutal conflict unfolded in Cameroon, which on January 1 marks its 60th anniversary of independence - the first of 17
Published 29 Dec, 2019 12:00am
India's protests: why now?
Articles

India's protests: why now?

Mumbai-based copywriter Sarah Syed says she was long alarmed by the Hindu nationalist direction of India under Prime Minister Narendra Modi but felt powerless to stop it - until now. Like many others taking part in the current wave of protests, the final
Published 29 Dec, 2019 12:00am
Dealing with the energy mess
Articles

Dealing with the energy mess

I have been saying for long that the energy sector mess alone can drag the economy down to abyss. The IMF in its latest review is giving a similar picture. The circular debt in the energy chain increased from Rs465 billion in 2013 to Rs1.7 trillion.
Updated 29 Dec, 2019 08:45am
Dealing with smog challenge

Dealing with smog challenge

As air quality, especially in Lahore, remains at hazardous levels the PML-Q, a coalition partner of the ruling PTI - organized a party conference on "Clean, Transparent and Green Punjab". In his address to the conference on Friday Punjab Assembly Speaker
Updated 30 Dec, 2019 06:36am
Clear vindication of Two-nation theory

Clear vindication of Two-nation theory

The Quaid-i-Azam was authentic in 1928, when he rejected the Nehru Report for its failure to meet commitments made to undivided India's Muslims in 1916, as today Muslims are being lynched and rendered stateless in India managed. The Quaid had foreseen Mus
Updated 30 Dec, 2019 06:45am
PTI government allocates record funds for uplift of tribal districts: PM

PTI government allocates record funds for uplift of tribal districts: PM

Prime Minister Imran Khan Saturday said the incumbent government of Pakistan Tehreek-e-Insaf had allocated record funds for the development of the tribal districts and it was a great success of the government to take forward tribal areas' merger process.
Published 29 Dec, 2019 12:00am
PML-N, PPP reject NAB Ordinance 2019

PML-N, PPP reject NAB Ordinance 2019

The two mainstream opposition parties - Pakistan Muslim League-Nawaz (PML-N) and Pakistan Peoples Party (PPP)- have rejected the National Accountability Bureau (Amendment) Ordinance 2019, saying the ordinance has been promulgated to save the skin of 'blue
Published 29 Dec, 2019 12:00am
Chohan slams opposition for criticising NAB Ordinance

Chohan slams opposition for criticising NAB Ordinance

Punjab Information Minister Fayyaz ul Hassan Chohan on Saturday lamented the opposition parties for criticizing the recently promulgated National Accountability Bureau (NAB) ordinance and said that he was unable to understand their criticism on it.
Published 29 Dec, 2019 12:00am
NAB Ordinance issued to protect PM's aides, opine legal wizards

NAB Ordinance issued to protect PM's aides, opine legal wizards

The top legal wizards Saturday said that recently promulgated National Accountability Bureau (Amendment) Ordinance 2019 is 'discriminatory and aims at protecting Prime Minister Imran Khan's aides involved in corrupt practices.
Published 29 Dec, 2019 12:00am
Officers urged to highlight welfare-oriented projects through media

Officers urged to highlight welfare-oriented projects through media

Secretary Information and Labour Sindh, Abdul Rasheed Solangi stressed upon the officers of Information department to highlight the people-welfare projects of the government through media so that people could get the maximum benefits of these projects.
Published 29 Dec, 2019 12:00am
NAB recovers Rs 29930.401 million from corrupt elements

NAB recovers Rs 29930.401 million from corrupt elements

National Accountability Bureau (NAB), Lahore has managed recoveries of Rs 29930.401 million from corrupt elements during 2019. Out of this amount Rs 2781.401 million were recovered as direct recovery while Rs 27149 million have been recovered as indirect
Published 29 Dec, 2019 12:00am
2020 to be year of prosperity: Firdous

2020 to be year of prosperity: Firdous

Special Assistant to the Prime Minister on Information and Broadcasting Dr Firdous Ashiq Awan Saturday said that year 2020 will be the year of development and prosperity of masses. In a tweet, Dr Firdous Awan said the people of Pakistan have buried the po
Published 29 Dec, 2019 12:00am
Punjab varsity produces 243 PhDs in one year: VC

Punjab varsity produces 243 PhDs in one year: VC

Punjab Governor Chaudhry Muhammad Sarwar has said that the West should learn from Pakistan how to fight terrorism as it has defeated terrorists with the valour and unprecedented sacrifices of Pakistan Army, law enforcement agencies and Pakistani nation. H
Published 29 Dec, 2019 12:00am
Buzdar lays foundation stone of Mian Chunnu link road

Buzdar lays foundation stone of Mian Chunnu link road

Laying the foundation stone of project of link road in Mian Chunnu, Punjab Chief Minister Sardar Usman Buzdar Saturday said the PTI government has launched a programme 'Naya Pakistan Manzilain Aasan' for strengthening the rural economy of the province.
Published 29 Dec, 2019 12:00am
LCCI felicitates Anjum Nisar on becoming FPCCI chief

LCCI felicitates Anjum Nisar on becoming FPCCI chief

The Lahore Chamber of Commerce and Industry (LCCI) on Saturday felicitated Mian Anjum Nisar for a landmark victory in the elections of the Federation of Pakistan Chambers of Commerce & Industry (FPCCI) and expressed optimism that economic revival of the c
Published 29 Dec, 2019 12:00am
SCA barred from sharing vehicles' data
Taxes

SCA barred from sharing vehicles' data

The Excise department has warned Safe City Authority (SCA) of not sharing data of vehicles without its prior approval. In a letter, it has criticized the Safe City Authority for sharing of vehicles' data with the Federal Board of Revenue without its permi
Published 29 Dec, 2019 12:00am
'Uplift scheme to be approved by PDWP'

'Uplift scheme to be approved by PDWP'

A development scheme having a subsidy or foreign aid element would be brought to the Provincial Development Working Party (PDWP) for approval irrespective of its cost, the Sindh Delegation of Financial Powers and Financial Control Rules 2019 indicated.
Published 29 Dec, 2019 12:00am
NAB team raids Fazaia Housing Scheme office, seizes record

NAB team raids Fazaia Housing Scheme office, seizes record

Acting upon the complaints of the affecttees of Fazaia Housing Scheme scam, the National Accountability Bureau (NAB) team on Saturday raided the marketing office of the scheme and arrested two men named Bilal and Tanveer. The team of anti-graft watchdog w
Published 29 Dec, 2019 12:00am
July-November 2019: import of warm apparels up by one percent
Cotton & Textile

July-November 2019: import of warm apparels up by one percent

Pakistan imported warm clothing by 1 percent more to $70.634 million in July-Nov 2019, official figures say. Increase now comes to the tune of a $664,000 in July-Nov 2019 from $69.970 million in July-Nov 2018, Pakistan Bureau of Statistics shows.
Published 29 Dec, 2019 12:00am
FPCCI chief defers AGM for one week

FPCCI chief defers AGM for one week

President Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Engr Daroo Khan has adjourned Annual General Meeting (AGM) for one week. According to informed sources at the meeting Secretary General FPCCI Dr Iqbal Thaheem pointed out about sh
Published 29 Dec, 2019 12:00am
Over 7,184 awarded degrees at KU convocation

Over 7,184 awarded degrees at KU convocation

The University of Karachi awarded 7,184 degrees to the students of morning and evening shifts in various disciplines in 2019 of which 2,033 students received their degrees in the 30th Convocation which was held at the Valika Cricket Ground on Saturday.
Published 29 Dec, 2019 12:00am
Government to facilitate global investors in health sector: Bukhari

Government to facilitate global investors in health sector: Bukhari

The government is committed to provide across the board facilitation to global investors in health sector. This was stated by Special Assistant to Prime Minister on Overseas Pakistanis Zulfiqar Abbas Bukhari while addressing the 10th International Medical
Published 29 Dec, 2019 12:00am
OUP launches new book on the East Pakistan debacle

OUP launches new book on the East Pakistan debacle

Oxford University Press (OUP) launched an important book titled Blood over Different Shades of Green-East Pakistan 1971: History Revisited. The publication has been authored by Ikram Sehgal and Bettina Robotka. The event hosted in Karachi was well attende
Published 29 Dec, 2019 12:00am
Ex-company secretary of Apex Printry passes away

Ex-company secretary of Apex Printry passes away

M. Mohsin Ahmed, Ex-Company Secretary Apex Printry (Pvt) Ltd. passed away on 27th December, 2019. Born on 06th August 1932, he joined the Apex Printry (Pvt) Ltd on 07th October 1992. He is survived by wife, two daughters and a son.
Published 29 Dec, 2019 12:00am
Two German girls among three killed in Italy avalanche

Two German girls among three killed in Italy avalanche

An avalanche on Saturday killed a 35-year-old woman and two girls, one of them aged seven, in the Italian Alps near the border with Austria, media reported. All three victims were German nationals.
Published 29 Dec, 2019 12:00am
Hong Kong police arrest 15 in fresh shopping mall protests

Hong Kong police arrest 15 in fresh shopping mall protests

Hong Kong riot police arrested at least 15 people in clashes Saturday with dozens of pro-democracy protestors who targeted a mall near the border with China to demonstrate against mainland tourists and shoppers.
Published 29 Dec, 2019 12:00am
Sudan, rebels agree plan to end conflict in Darfur

Sudan, rebels agree plan to end conflict in Darfur

The Sudanese government and nine rebel groups on Saturday signed an agreement on a roadmap towards ending the bloody conflict in the Darfur region. The deal outlines different issues the parties will need to negotiate during the latest round of talks in J
Published 29 Dec, 2019 12:00am
Kazakhstan observes day of mourning after fatal jet crash

Kazakhstan observes day of mourning after fatal jet crash

Kazakhstan observed a national day of mourning on Saturday after 12 people died when an airliner crashed shortly after takeoff and slammed into a house. Witnesses spoke of the terrified screams of passengers as the plane came down on the edge of the count
Published 29 Dec, 2019 12:00am
UAE denies developing popular Mideast app as spy tool

UAE denies developing popular Mideast app as spy tool

The United Arab Emirates on Saturday denied reports that a popular mobile application developed in the country was used for government spying. Apple and Google removed the ToTok app from their marketplaces last week following a report claiming it allowed
Published 29 Dec, 2019 12:00am
Algeria's new PM pledges to regain trust

Algeria's new PM pledges to regain trust

Algeria's new president on Saturday named as his prime minister an academic turned political insider who vowed to work to win back people's trust after months of street protests. Abdelmadjid Tebboune, elected this month to succeed ousted president Abdelaz
Published 29 Dec, 2019 12:00am
Venezuela's economic crisis a boon for traditional liquor
Global Business Economy

Venezuela's economic crisis a boon for traditional liquor

Venezuela's traditional cocuy liquor is making a comeback due to the country's punishing economic crisis, which has put rum, whiskey and even beer financially out of reach for many.
Published 29 Dec, 2019 12:00am
As crisis hits, Lebanese businesses fight for survival
Global Business Economy

As crisis hits, Lebanese businesses fight for survival

After decades of hard work, self-made Lebanese chocolatier Roger Zakhour thought he would finally be able to pass a successful business to his daughter. But then the economic crisis hit. Instead of reaping profits this Christmas, he and his 29-year-old da
Published 29 Dec, 2019 12:00am
Lebanese protest at new PM's home

Lebanese protest at new PM's home

Dozens of protesters gathered outside the Beirut home of Lebanon's new prime minister on Saturday, calling for Hassan Diab's resignation less than 10 days after he was appointed. Lebanon is without a cabinet and in the grips of a deepening economic crisis
Published 29 Dec, 2019 12:00am
Pulled IPOs cap subdued year for Canadian deals
Stocks

Pulled IPOs cap subdued year for Canadian deals

The scrapping of a second Canadian IPO in as many months this week caps a year of declining activity, highlighting the challenges facing issuers as trade uncertainty and the growth of passive investing weigh on new offerings.
Published 29 Dec, 2019 12:00am
Direct listings will move nearer IPOs
Stocks

Direct listings will move nearer IPOs

A direct listing is "just an IPO without the O," says Barry McCarthy, finance chief of music-streaming outfit Spotify Technology. McCarthy's company, worth $26 billion in early December, used the non-standard method to go public in 2018, and $12 billion w
Published 29 Dec, 2019 12:00am
S&P 500, Dow eke out records; Nasdaq win streak ends
Stocks

S&P 500, Dow eke out records; Nasdaq win streak ends

The Nasdaq snapped an 11-day streak of gains on Friday after some late-session weakness, but the S&P 500 and the Dow scratched out record closing highs with slight gains as a year-end rally chugged along.
Published 29 Dec, 2019 12:00am
Hard currency elusive in Havana as monetary reform looms
Money & Banking

Hard currency elusive in Havana as monetary reform looms

"I'm buying dollars, I'm buying euros," Roly, 28, whispers furtively to tourists outside a hotel in Havana. Roly, who declined to disclose his last name for fear of reprisals, works as a "mule", travelling abroad to buy goods to sell back in Communist-run
Published 29 Dec, 2019 12:00am
Serbia's Central bank buys euros
Money & Banking

Serbia's Central bank buys euros

Serbia's central bank bought an unspecified amount of euros on local interbank market on Friday to absorb appreciation pressures on the dinar currency, dealers said. The bank intervened as the dinar traded at 117.5 against the euro, the preferred foreign
Published 29 Dec, 2019 12:00am
Latam FX on pace to end festive week higher
Money & Banking

Latam FX on pace to end festive week higher

An index of Latin American currencies was on pace for its fourth straight weekly rise on Friday as hopes that United States and China would soon sign a trade deal, and increasing confidence in global economic health continued to bolster risky assets.
Published 29 Dec, 2019 12:00am
Slow activity seen on cotton market
Cotton & Textile

Slow activity seen on cotton market

Trading activity came down on the cotton market on Saturday owing to lack of smooth supply of best quality, dealers said. The official spot rate was unchanged at Rs8800, they added. In ready session, over 2000 bales of cotton changed hands between Rs8300-
Published 29 Dec, 2019 12:00am
CBOT wheat rises on technical buying
Commodities

CBOT wheat rises on technical buying

Chicago Board of Trade (CBOT) wheat futures rose on Thursday on technical buying and concerns about tightening supplies in major exporters, traders said. In Russia, the world's top wheat exporter, agricultural consultancy SovEcon lowered its 2019/2020 whe
Published 29 Dec, 2019 12:00am
West Africa crude: high freight rates weigh on offers
Global Business Economy

West Africa crude: high freight rates weigh on offers

Freight rates for major routes from West Africa to Europe and East Asia have settled near 2019 highs and sellers have offered cargoes for low prices relative to last month in order to drum up interest during the holiday buying period.
Published 29 Dec, 2019 12:00am
Doctor Copper ends 2019 on a high note
Commodities

Doctor Copper ends 2019 on a high note

Doctor Copper is ending the year on a high note. London Metal Exchange (LME) copper has this morning hit a seven-month high of $6,235.50 per tonne, having broken out of its previous $5,500-6,000 range earlier this month.
Published 29 Dec, 2019 12:00am
We dare not lose CAF Cup match, warns Enyimba star Mbaoma
Other

We dare not lose CAF Cup match, warns Enyimba star Mbaoma

Enyimba star Victor Mbaoma says they dare not lose away to Paradou of Algeria Sunday if they hope to become the first Nigerian winners of the CAF Confederation Cup. "We have performed poorly in other African countries this season," said the forward, refer
Published 29 Dec, 2019 12:00am
KP team to participate in Wall Climbing Championship
Other

KP team to participate in Wall Climbing Championship

Khyber Pakhtunkhwa team will participate in the National Wall Climbing Championship to be organized at Jinnah Sports Complex Islamabad on Sunday. This was stated by General Secretary KP Alpine and Wall Climbing Association while talking to APP here on Sat
Published 29 Dec, 2019 12:00am
England's chance to do 'something special': Thorpe
Cricket

England's chance to do 'something special': Thorpe

England have an opportunity "to do something special," batting coach Graham Thorpe said after Rory Burns and Dom Sibley gave them a strong start to a challenging run chase on the third day of the first Test against South Africa at SuperSport Park on Satur
Published 29 Dec, 2019 12:00am
Stunned New Zealand fight to save second Australia Test
Cricket

Stunned New Zealand fight to save second Australia Test

New Zealand were facing a massive run chase to save the second Test and the series after they were dismissed for 148 in Melbourne on Saturday, with Australia batting again to rub salt in the wounds and extend their lead. At the close on day three, the hom
Published 29 Dec, 2019 12:00am
There is no discrimination in team: Yousaf
Cricket

There is no discrimination in team: Yousaf

Former Pakistani skipper Mohammad Yousuf has condemned the comments made about discrimination regarding players from the minority in the Pakistan cricket team. Mohammad Yousuf said in his tweet, "I have been a member of the team and have always had a lot
Published 29 Dec, 2019 12:00am
Automart: car prices in Karachi

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (December 28, 2019).

Published 29 Dec, 2019 12:00am
The Weather

The Weather

The weather report on Saturday (December 28, 2019) and the forecast for Sunday (December 29, 2019).

Published 29 Dec, 2019 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (December 28, 2019).

Published 29 Dec, 2019 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (December 28, 2019).

Published 29 Dec, 2019 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (December 28, 2019)

Published 29 Dec, 2019 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (December 28, 2019).

Published 29 Dec, 2019 12:00am
THE RUPEE: Gains persist
Money & Banking

THE RUPEE: Gains persist

The rupee maintained rising trend versus the dollar on the money market on Saturday in the process of trading activity, dealers said.
Published 29 Dec, 2019 12:00am