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Print - 2020-01-02
BOARD MEETINGS
Stocks

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 02 Jan, 2020 12:00am
Member to Member
Stocks

Member to Member

The following transactions member to member subsequently reported on Wednesday (January 1, 2020).

Published 02 Jan, 2020 12:00am
THE RUPEE: Steady trend
Money & Banking

THE RUPEE: Steady trend

The rupee sustained its value versus the dollar at the commencing session of Year 2020, dealers said on the money market on Wednesday.
Published 02 Jan, 2020 12:00am
Shipping Intelligence
Schedules

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (January 1, 2020).

Published 02 Jan, 2020 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (January 1, 2020)

Published 02 Jan, 2020 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (January 1, 2020).

Published 02 Jan, 2020 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 02 Jan, 2020 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (January 1, 2020).

Published 02 Jan, 2020 12:00am
The Weather

The Weather

The weather report on Wednesday (January 1, 2020) and the forecast for Thursday (January 2, 2020).

Published 02 Jan, 2020 12:00am
Kenya tea producers turn over a new leaf as prices stumble
Commodities

Kenya tea producers turn over a new leaf as prices stumble

In a humming factory in Kenya's highlands, tea is hand-plucked from the fields, cured and shredded into the fine leaves that have sated drinkers from London to Lahore for generations. But Kenya's prized black tea isn't fetching the prices it once did, for
Published 02 Jan, 2020 12:00am
'Increase in power tariffs to decrease industrial output'

'Increase in power tariffs to decrease industrial output'

Business and industrial community while expressing deep concern on the recent announced increase in power tariffs from January said that increased power tariffs and petroleum prices have brought the industry on the verge of closure.
Published 02 Jan, 2020 12:00am
Unregistered plastic factory raided

Unregistered plastic factory raided

Directorate of Intelligence and Investigation Inland Revenue (IR) Multan carried out a raid on an unregistered plastic factory in Multan and detected massive sales tax evasion.
Published 02 Jan, 2020 12:00am
Karachi industries suffer on account gas suspension: KCCI chief

Karachi industries suffer on account gas suspension: KCCI chief

The business and industrial community of the city is already suffering badly because of high cost of doing business and at the same time the suspension of gas in Karachi would not only prove detrimental to the industry but would also lead to worsening the
Published 02 Jan, 2020 12:00am
CSR Summit & Awards 2020 to be held on January 30

CSR Summit & Awards 2020 to be held on January 30

The Professionals Network with the collaboration of Indus Hospital, Afzaal Memorial Thalassemia Foundation (AMTF) Child Aid Association, Aghosh (Old Age Home), Markaze Umeed, Umeed Gah are organizing the CSR Summit & Awards 2020 on January 30th, at a loca
Published 02 Jan, 2020 12:00am
Navy fleet annual efficiency competition parade, award ceremony held

Navy fleet annual efficiency competition parade, award ceremony held

An impressive Pakistan Navy Fleet Annual Efficiency Competition Parade and Award Ceremony held at Pakistan Navy Dockyard, Karachi. Chief of the Naval Staff, Admiral Zafar Mahmood Abbasi graced the occasion as Chief Guest. Upon his arrival, the Chief Guest
Published 02 Jan, 2020 12:00am
Bonds on track to post best year since 2014
Stocks

Bonds on track to post best year since 2014

Longer-dated US Treasuries look set to post their best return since 2014 on Tuesday, after concerns about the slowing US economy prompted the Federal Reserve to cut interest rates three times this year.
Published 02 Jan, 2020 12:00am
Neptune Energy to be ready for IPO by April 2020
Stocks

Neptune Energy to be ready for IPO by April 2020

Private-equity backed oil and gas firm Neptune Energy plans to be ready for an initial public offering by April next year, Chief Financial Officer Armand Lumens said on Thursday. Neptune, backed by the Carlyle Group and CVC Capital partners and headed by
Published 02 Jan, 2020 12:00am
Repo rates lowest since March 2018 on collateral demand
Stocks

Repo rates lowest since March 2018 on collateral demand

The cost to borrow in the overnight repo market fell below the US federal funds target range on Tuesday on strong demand for Treasuries to rebalance portfolios at year-end, with the Federal Reserve seeing the largest take-up for its reverse repo operation
Published 02 Jan, 2020 12:00am
Indian shares end higher
Stocks

Indian shares end higher

Indian shares ushered in 2020 on a positive note and closed higher on Wednesday, led by gains in energy and information technology stocks. On the first trading session of the year, the NSE Nifty 50 index ended up 0.12% at 12,182.50, while the S&P BSE Sens
Published 02 Jan, 2020 12:00am
Japan to trim total government bond issuance
Stocks

Japan to trim total government bond issuance

Japan plans to trim its overall government bond issuance to the market by 0.5% fiscal year from current year's levels, government officials said, as Prime Minister Shinzo Abe balances supporting growth and reining in huge public debt.
Published 02 Jan, 2020 12:00am
World markets closed
Stocks

World markets closed

Stocks, financial and commodity markets are closed on Wednesday in New York, London, Europe, China and parts of Asia including Australia and New Zealand for the New Year's holiday. Markets will resume trade on Thursday.
Published 02 Jan, 2020 12:00am
Saudi, Oman move sideways; other Gulf markets closed
Stocks

Saudi, Oman move sideways; other Gulf markets closed

Saudi Arabia's stock market retreated on Wednesday, while Oman was up, extending gains for a fourth day in a row. Other Middle Eastern markets, including Egypt, are closed for the New Year holiday. Saudi Arabia index dropped 0.4% to 8,359 points. Oman ind
Published 02 Jan, 2020 12:00am
China to cut reserve requirement for banks as economy slows
Global Business Economy

China to cut reserve requirement for banks as economy slows

China's central bank announced Wednesday it was cutting the reserve requirements for banks, freeing up about $114 billion to boost lending and spur the slowing economy. The People's Bank of China will cut the reserve requirement ratio (RRR) on January 6 b
Published 02 Jan, 2020 12:00am
Drugmakers from Pfizer to GSK to hike US prices on over 200 drugs
Global Business Economy

Drugmakers from Pfizer to GSK to hike US prices on over 200 drugs

Drugmakers including Pfizer Inc , GlaxoSmithKline PLC and Sanofi SA are planning to hike US list prices on more than 200 drugs in the United States on Wednesday, according to drugmakers and data analyzed by healthcare research firm 3 Axis Advisors.
Published 02 Jan, 2020 12:00am
French unions vow no surrender in month-long strike
Global Business Economy

French unions vow no surrender in month-long strike

The leader of France's hardline CGT union on Wednesday urged all workers to join pension strikes that have crippled public transport over the past month, as a showdown with President Emmanuel Macron enters a second month. In his New Year's address Tuesday
Published 02 Jan, 2020 12:00am
Britain will raise minimum wage by more than 6 percent in 2020
Global Business Economy

Britain will raise minimum wage by more than 6 percent in 2020

Britain's national minimum wage will rise by more than 6% next year, taking it to 8.74 pounds ($11.49) an hour, the government announced on Tuesday. The move puts Britain on track to meet its target for the minimum wage to reach 60% of median earnings by
Published 02 Jan, 2020 12:00am
Brazil hikes minimum wage more than expected
Global Business Economy

Brazil hikes minimum wage more than expected

Brazil's minimum wage will be increased to 1,039 reais ($258) a month in 2020, the government said on Tuesday, a higher level than it had previously forecast that will require even tighter controls on spending to ensure its fiscal rules are not broken.
Published 02 Jan, 2020 12:00am
PBIT acknowledges tennis star Haniya Minhas
Other

PBIT acknowledges tennis star Haniya Minhas

Pakistan's young tennis star Haniya Minhas has been acknowledged by Punjab Board of Investment & Trade for her brilliant performance and winning 9 titles this year. Punjab Board of Investment & Trade would also facilitate her for seeking sponsorship for u
Published 02 Jan, 2020 12:00am
Quaid-e-Azam Trophy 2019-20 shows quality of game
Cricket

Quaid-e-Azam Trophy 2019-20 shows quality of game

As expected and anticipated the revamped first-class Quaid-e-Azam Trophy provided the right balance between bat and ball which led to riveting contests throughout the tournament. The introduction of no-toss rule and home and away matches provided equal op
Published 02 Jan, 2020 12:00am
PCB announces HBL Pakistan Super League 2020 schedule
Cricket

PCB announces HBL Pakistan Super League 2020 schedule

The Pakistan Cricket Board (PCB) Wednesday announced the schedule of the HBL Pakistan Super League 2020 with all the 34 matches to be played across four international venues of the country from 20th February to 22nd March. The schedule announcement was pa
Published 02 Jan, 2020 12:00am
New Year KP Junior Squash Championship begins
Other

New Year KP Junior Squash Championship begins

New Year KP Junior Squash Championship-2020 got under way here at PAF Hashim Khan Squash Complex on Wednesday. Nazim Nawa Khali Sajjad Khan Khalil was the chief on this occasion who formally inaugurated the Championship being played in various age groups
Published 02 Jan, 2020 12:00am
PCB removes Naseem Shah from Pakistan U-19 World Cup squad
Cricket

PCB removes Naseem Shah from Pakistan U-19 World Cup squad

The Pakistan Cricket Board (PCB) has withdrawn fast-bowler Naseem Shah from next month's ICC Under-19 Cricket World Cup to be played in South Africa from 17th January to 9th February. The National Junior Selector Committee, which is headed by Saleem Jaffa
Published 02 Jan, 2020 12:00am
Logo, trophy of KP U-21 Games-2020 unveiled
Cricket

Logo, trophy of KP U-21 Games-2020 unveiled

The logo and a glittering trophy of the KP U-21 Games-2020 carrying a record 22907 male and female players in 27 female and 32 male Games unveiled in a colourful ceremony held at Nishtar Hall here Wednesday. A total of 1200 female and male players from al
Published 02 Jan, 2020 12:00am
Hong Kong dollar strongest in 2-1/2 years
Money & Banking

Hong Kong dollar strongest in 2-1/2 years

The Hong Kong dollar firmed to as high as 7.7826 per US dollar on Tuesday, its strongest since May 2017. The Hong Kong dollar hit a five-month high earlier this month as months of anti-government protests in the city eased and investment inflows from Chin
Published 02 Jan, 2020 12:00am
Trade activity improves on cotton market
Cotton & Textile

Trade activity improves on cotton market

Trade activity improved on the cotton market on Wednesday in the process of rising demand by the mills and spinners, dealers said. The official spot rate was inert at Rs 8900, they added. In ready session, over 5000 bales changed hands between Rs 8300-920
Published 02 Jan, 2020 12:00am
Activities at Karachi and Port Qasim

Activities at Karachi and Port Qasim

The Karachi Port handled 168,188 tonnes of cargo comprising 120,791 tonnes of import cargo and 47,397 tonnes of export cargo including 8,947 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday.
Published 02 Jan, 2020 12:00am
China's iron ore shines with biggest annual gain
Commodities

China's iron ore shines with biggest annual gain

Dalian iron ore futures rose on Tuesday to end 2019 with a near 141% surge from last year, outperforming other commodities, due to supply disruptions and China's still healthy demand for the steelmaking raw material. The Dalian Commodity Exchange's benchm
Published 02 Jan, 2020 12:00am
CBOT soyabean futures up 6.8 percent for 2019
Commodities

CBOT soyabean futures up 6.8 percent for 2019

Chicago Board of Trade soyabean futures ended higher in 2019 on hopes for increased Chinese buying following a recently struck trade deal between Washington and Beijing. The most actively traded contract reached its highest price since June 13, 2018, and
Published 02 Jan, 2020 12:00am
Euronext wheat falls in 2019 despite late rally
Commodities

Euronext wheat falls in 2019 despite late rally

Euronext wheat closed with an annual decline after a year-end rally only partly offset a price drop linked to a recovery in European production. March milling wheat, the most active contract on the Paris-based exchange, settled 0.25 euros, or 0.1%, down a
Published 02 Jan, 2020 12:00am
Canadian canola futures lower
Commodities

Canadian canola futures lower

ICE Canadian canola futures closed lower on Tuesday in sympathy with declines in allied US soyaoil futures and Malaysian palm oil futures, traders said. January canola settled down $1.20 at $467.50 per tonne and most-active March canola ended down $1.10 a
Published 02 Jan, 2020 12:00am
European gasoline margins fall
Energy

European gasoline margins fall

Northwest European gasoline barge margins fell on Monday as trades remained muted in the year-end holidays. Arrivals of European gasoline and gasoline components to the United States were seen at around 655,200 tonnes so far in December, Refinitiv Eikon d
Published 02 Jan, 2020 12:00am
US natural gas futures fall to four months low
Energy

US natural gas futures fall to four months low

US natural gas futures on Tuesday were on course for their biggest annual decline since 2014, hovering close to a four-month low hit in the previous week on forecasts for milder-than-normal weather.
Published 02 Jan, 2020 12:00am
Nine dead after Jakarta hit by New Year flooding

Nine dead after Jakarta hit by New Year flooding

Nine people died after Indonesia's capital was hit by its deadliest flooding in years, authorities said Wednesday, as torrential rains on New Year's Eve left vast swathes of the megalopolis submerged.
Published 02 Jan, 2020 12:00am
Massive HK pro-democracy rally ends in police clashes

Massive HK pro-democracy rally ends in police clashes

A huge New Year's Day pro-democracy rally in Hong Kong ended in mass arrests and clashes between police and hardcore protesters, as demonstrators sought to carry their movement's momentum into 2020. Hong Kong has been battered by nearly seven months of un
Published 02 Jan, 2020 12:00am
North Korea ends test moratoriums, threatens 'new' weapon

North Korea ends test moratoriums, threatens 'new' weapon

North Korean leader Kim Jong Un has declared an end to moratoriums on nuclear and intercontinental ballistic missile tests and threatened a demonstration of a "new strategic weapon" soon. Analysts said the announcement, reported by state media on Wednesda
Published 02 Jan, 2020 12:00am
Taliban kill 23 in attacks on Afghan checkpoints

Taliban kill 23 in attacks on Afghan checkpoints

At least 23 Afghan security forces were killed in a series of Taliban attacks across the country, officials said Wednesday, despite winter snowfall that usually leads to a lull in violence. The assaults targeted vulnerable checkpoints in at least three no
Published 02 Jan, 2020 12:00am
Syria regime fire kills nine in school turned shelter

Syria regime fire kills nine in school turned shelter

Land-to-land missiles fired by Syrian regime forces killed nine civilians including five children in a school in northwestern Syria on Wednesday, a war monitor said. Part of the building in the town of Sarmeen had been turned into a shelter for the displa
Published 02 Jan, 2020 12:00am
Ghani Glass Limited
Brief Recordings

Ghani Glass Limited

Ghani Glass Limited (PSX: GHGL) was established in 1992 as a limited liability company under the Companies Ordinance 1984 and is part of the Ghani Group.
Updated 02 Jan, 2020 07:25am
SU academic session begins

SU academic session begins

The academic year 2020 has got underway at the University of Sindh, Jamshoro. VC-SU Prof Dr Fateh Muhammad Burfat visited various teaching departments/ institutes as he also extended New Year greetings to faculty and students.
Published 02 Jan, 2020 12:00am
De-politicising interest rates - II
Articles

De-politicising interest rates - II

The second indicator is the sector-wise share for each type of loan. The share in total outstanding loans, as per the above named sectors, in June'18, was 6.5, 31.3 (textile as share of manufacturing), 7.1 and 7.3 percent. In Sept'19, the corresponding sh
Updated 02 Jan, 2020 06:50am
121,821 individuals stay at five shelter homes in city

121,821 individuals stay at five shelter homes in city

As many as 121,821 individuals stayed at five shelter homes in the city, said a report issued on shelter homes by the District Administration. The report has covered the area starting from December 2018 to December 2019. It is first-ever report on shelter
Published 02 Jan, 2020 12:00am
Bid to supply huge quantity of hazardous oil foiled

Bid to supply huge quantity of hazardous oil foiled

The Punjab Food Authority (PFA) has caught four vehicles fully loaded with 24,580 liters of dirty oil which was being carried from different areas of Punjab to Lahore for selling.
Published 02 Jan, 2020 12:00am
Buzdar, Sarwar, Elahi vow to work for Punjab's prosperity

Buzdar, Sarwar, Elahi vow to work for Punjab's prosperity

Punjab Governor Chaudhry Mohammad Sarwar, Chief Minister Sardar Usman Buzdar and Punjab Assembly Speaker Chaudhry Pervaiz Elahi held an important meeting, here on Wednesday and vowed to work jointly for development and prosperity of the province of Punjab
Published 02 Jan, 2020 12:00am
156th anniversary of GCU Lahore celebrated

156th anniversary of GCU Lahore celebrated

The Government College University Lahore, one of the oldest seats of higher learning in Pakistan, has turned 156. Founded on January 1, 1864 in the Haveli of Raja Dhyan Singh in the Walled City Lahore as the liberal arts and Science College, it served as
Published 02 Jan, 2020 12:00am
FFC holds tele-health medical camp

FFC holds tele-health medical camp

Fauji Fertilizer Company (FFC) as part of its initiative aimed at addressing food security and challenges to agriculture and farmers successfully organized a two-day Tele-Health Medical Camp utilizing the real time video link / online technology for medic
Published 02 Jan, 2020 12:00am
Justice Mamoon takes oath as LHC CJ

Justice Mamoon takes oath as LHC CJ

Justice Mamoon Rasheed Sheikh, the senior most judge of the Lahore High Court (LHC) has taken oath as 49th Chief Justice of the LHC in a ceremony held here at Governor's House on Wednesday. Punjab Governor Chaudhry Mohammad Sarwar administered oath to Jus
Published 02 Jan, 2020 12:00am