News Archives for Print - 2020-01-05

Print - 2020-01-05

Saudi King, Crown Prince discuss ramifications of events with Iraqi leadership

Saudi Arabia's King Salman rang Iraqi President Berham Saleh on Saturday to discuss the importance of de-escalating regional tensions, the Saudi news agency reported, after Iranian military commander Qassem Soleimani was killed in a US air strike. The kin

Published 05 Jan, 2020 12:00am

CEC endorses decision of not supporting amendments to Army Act: Fazl

Emir Jamiat Ulema-e-Islam-Fazl (JUI-F) Maulana Fazlur Rehman has said that his party's Central Executive Committee (CEC) has endorsed the decision of the JUI-F's parliamentary party of not supporting the amendments to the Army Act.

Published 05 Jan, 2020 12:00am

Six cases of various kinds reported in Capital

Over six cases of various kinds of theft, four cases each of carjacking and kidnapping, and one murder case were reported to various police stations of the city during the last week. According to data gathered by Business Recorder, most "favorite" areas f

Published 05 Jan, 2020 12:00am

France urges Iran to stick with nuclear accord

France urged Tehran Saturday to stick with a landmark nuclear accord at risk of falling apart, the day after Washington killed a top Iranian commander in Baghdad. French Foreign Minister Jean-Yves Le Drian said he had discussed the issue with his Chinese

Published 05 Jan, 2020 12:00am

China urges US 'not to abuse force'

The United States should not "abuse force" and instead seek solutions through dialogue, Chinese Foreign Minister Wang Yi said during a call with his Iranian counterpart on Saturday. "The dangerous US military operation violates the basic norms of internat

Published 05 Jan, 2020 12:00am

US flags burn as thousands mourn general in Tehran

US and Israeli flags were set alight in Iran's capital Saturday as thousands mourned the loss of top military commander Qasem Soleimani, a day after he was killed by American forces. "We are with you," they chanted as they waved their hands in unison duri

Published 05 Jan, 2020 12:00am

Trump says US trying to stop, not start, war

A fresh air strike hit pro-Iran fighters in Iraq early Saturday, as fears grew of a proxy war erupting between Washington and Tehran a day after an American drone strike killed a top Iranian general. It came hours ahead of a planned a mourning march for I

Published 05 Jan, 2020 12:00am

Some Lebanon banks close over angry clients' demands

Banks in a region of northern Lebanon were closed until further notice on Saturday, the National News Agency said, after lenders balked at customer anger over a liquidity crisis. Since September banks have arbitrarily capped the amount of dollars that can

Published 05 Jan, 2020 12:00am

Thousands in shelters as Indonesia flood death toll hits 60

Indonesian rescue teams flew helicopters stuffed with food to remote flood-hit communities on Saturday as the death toll from the disaster jumped to 60 and fears grew about the possibility of more torrential rain.

Published 05 Jan, 2020 12:00am

China starts lifting restrictions on foreign investment

China has started lifting major restrictions on foreign investment in its financial sector, a move long demanded by the United States as the world's two biggest economies are locked in a fierce trade battle. From the start of 2020, foreign banks can now s

Published 05 Jan, 2020 12:00am

Tens of thousands march in southern India to protest citizenship law

Over one hundred thousand protesters, many carrying the Indian tricolour flag, took part in a peaceful march in the southern city of Hyderabad on Saturday, chanting slogans against Prime Minister Narendra Modi's new citizenship law. The protest, dubbed th

Published 05 Jan, 2020 12:00am

Defence cooperation: US Military training programme for Pakistan resumes

US President Donald Trump has authorised the resumption of International Military Education and Training Programme (IMET) for Pakistan in order 'to strengthen military-to-military cooperation on shared priorities and advance the US national security.'

Published 05 Jan, 2020 12:00am

More sectors to be brought into tax net: NA body told

Federal Board of Revenue (FBR) is said to be planning to bring more sectors into the tax net in the forthcoming budget as per agreement with the International Monetary Fund (IMF). This was disclosed by the Member Board on Sales Tax in his comments shared

Published 05 Jan, 2020 12:00am

Regulatory framework of 2012, SECP's AML guidelines of 2018: Requirements are the same, SECP bench tells brokers

An Appellant Bench of the Securities and Exchange Commission of Pakistan (SECP) has conveyed to the stock market brokers that requirements of the regulatory framework/guidelines of 2012 issued by Karachi Stock Exchange (KSE) and SECP's Anti-Money Launderi

Published 05 Jan, 2020 12:00am

KP CM announces start of construction work on Karak oil refinery

KP Chief Minister Mahmood Khan has announced initiation of construction work on Karak Oil Refinery and inaugurated gas extraction, extension and rehabilitation project worth Rs9 billion in district Karak.

Published 05 Jan, 2020 12:00am

BoI yet to notify status of Allama Iqbal Industrial City as SEZ

Board of Investment (BoI), with a secretariat for Special Economic Zone (SEZs) under the China-Pakistan Economic Corridor (CPEC), is yet to notify the status of Allama Iqbal Industrial City Faisalabad as SEZ which was inaugurated by Prime Minister Imran K

Published 05 Jan, 2020 12:00am

China replaces top envoy to crisis-hit Hong Kong

China has replaced its top envoy to Hong Kong, state media reported on Saturday, the most significant personnel change by Beijing since pro-democracy protests erupted in the city nearly seven months ago. The removal of the head of the Liaison Office, whic

Published 05 Jan, 2020 12:00am

Navy inducts maritime patrol aircraft

Induction ceremony of state-of-the-art Maritime Patrol Aircrafts (MPA) and tactical Unmanned Aerial Vehicles (UAVs) in Pakistan Navy Fleet was held at Karachi. Chief of the Naval Staff, Admiral Zafar Mahmood Abbasi graced the occasion as Chief Guest.

Published 05 Jan, 2020 12:00am

Syria death toll tops 380,000 in almost nine-year war: monitor

Almost nine years of civil war in Syria has left more than 380,000 people dead including over 115,000 civilians, a war monitor said in a new toll Saturday. The Syrian Observatory for Human Rights, which has a network of sources across the country, said th

Published 05 Jan, 2020 12:00am

Australia's Morrison faces fresh fury for bushfire 'campaign ad'

Australian Prime Minister Scott Morrison faced renewed criticism Saturday, after sharing bushfire themed party campaign ads that opponents condemned as "disgusting" and a respected defence association said was "milking" the crisis. Facing sustained anger

Published 05 Jan, 2020 12:00am

SECP issues updated guidelines for NPOs

The Securities and Exchange Commission of Pakistan (SECP) has cautioned the non-profit organizations that NPOs must ascertain correct and complete identification particulars of their beneficiaries who receive cash or services or in-kind contributions.

Published 05 Jan, 2020 12:00am

Czech mosque vandalised with death threats

A mosque in the Czech Republic's second city of Brno has been vandalised with graffiti threatening to kill Muslims, police said on Saturday. "Don't spread Islam in the Czech Republic! Otherwise we'll kill you," reads the inscription sprayed on the mosque.

Published 05 Jan, 2020 12:00am

Gold touches highest level

Gold prices on Saturday touched a record high level of Rs90,800 per tola, up by Rs600 on the local market, as traders cited the "US-Iran tension" for the increase in precious metal value.

Published 05 Jan, 2020 12:00am

Letters

'Refineries - Do or Die'

This is apropos an analysis "Refineries - Do or Die" carried by Business Recorder in its Analyses and Comments section on 12 December 2019 stating in its very first line: "Local refineries are habitual rent seekers". In the case of Byco Petroleum,

Published 05 Jan, 2020 12:00am

Articles

Turkish intervention risks Syria scenario for Libya: experts

Turkey's decision to approve the deployment of troops to Libya risks plunging the North African nation deeper into a Syrian-style proxy war between regional powers including Russia, experts warn. Libya has been mired in conflict since a NATO-backed uprisi

Published 05 Jan, 2020 12:00am

Articles

Killing Soleimani: Trump acted where other US leaders saw big risks

President Donald Trump did Friday what previous presidents did not dare to do - eliminate a top Iranian general who aggressively expanded Tehran's power while obstructing US efforts across the Middle East.

Published 05 Jan, 2020 12:00am

Articles

Energy security

2020 dawned with war fears. The US-Iran tensions are mounting in the region. Michael Kugelman wrote earlier this week that Pakistan and India are edging closer to a war in 2020. Pakistan needs to have strategic petroleum reserves to combat any war like si

Published 05 Jan, 2020 12:00am

Amendments in Army Act

The issue may have generated a raging controversy but its resolution has been just as anodyne. When on Friday Federal Minister for Defence Pervez Khattak tabled the Pakistan Army (Amendment) Act, 2020, the government and the opposition had already reached

Updated 06 Jan, 2020 06:28am

Country facing stagflation?

The Consumer Price Index (CPI) registered at 12.63 percent in December 2019, against 12.7 percent in November; however what is baffling is that contrary to the general perception that urban inflation is higher than rural inflation the Pakistan Bureau of S

Updated 06 Jan, 2020 06:28am

Taxes

Customs unearths Rs 400 million smuggling cases in six months

Anti-Smuggling staff of Customs Faisalabad has unearthed cases worth Rs400 million during last 6 months while only Rs30 million to Rs40 million cases were caught during the preceding 6 months, said Additional Collector Customs (Anti-smuggling) Ghulam Nabi

Published 05 Jan, 2020 12:00am

Cotton & Textile

Chenab Limited resumes commercial operation

Chenab Limited has resumed commercial operation under its ex-management headed by Mian Muhammad Latif which will provide as many as 15,000 jobs in addition to contributing its role in national exports. This sick unit was closed few years ago due to global

Published 05 Jan, 2020 12:00am

Concern voiced over recently promulgated Presidential Ordinance

Friends of Business and Economic Reforms President Kashif Anwar, while raising his serious concern over the newly-promulgated Presidential Ordinance, has called for industry-friendly taxation regime.

Published 05 Jan, 2020 12:00am

KP ex-IGP Dr Naeem removed on poor performance charge

The government removed Khyber-Pakhtunkhwa former Inspector General of Police (IGP) Dr Naeem Khan because of his poor performance in extending police jurisdiction into the newly merged districts previously known as the Federally Administered Tribal Areas (

Published 05 Jan, 2020 12:00am

KP CM reshuffles cabinet, replaces health, education ministers

Chief Minister Khyber Pakhtunkhwa Pakhtunkhwa Mahmood Khan on Saturday reshuffled the provincial cabinet by changing the portfolio of the Minister for Local Government, Shahram Khan Tarakai and allotted him the portfolio of health.

Published 05 Jan, 2020 12:00am

Taxes

Import compression: FBR suffers revenue loss of Rs 56 billion on every billion dollar

The Federal Board of Revenue (FBR) has suffered massive revenue loss of Rs 56 billion on every billion dollar of import compression. According to the FBR, the tax collection in first six months of 2019-20 is Rs 2083 billion which is 16.3% higher than last

Updated 05 Jan, 2020 11:24pm

Over amendments in CPC: KP lawyers to boycott courts' proceedings from January 8

KP Bar Council has decided once again to boycott proceedings and take streets against recent amendments in the Code of Procedure (CPC) and narcotics law in the province. The decision was taken in a General body meeting of the KP Bar Council held here Satu

Published 05 Jan, 2020 12:00am

Taxes

Tax Amendment Ordinance to promote trade, facilitate traders: FBR

The Tax Amendment Ordinance has made corrections in law to accommodate reasonable demands of traders, says a press release issued by Federal Board of Revenue on Saturday.

Published 05 Jan, 2020 12:00am

January 2019 to January 2020: Prices of essential kitchen items witnessed significant increase

Prices of essential kitchen items witnessed a significant increase during the last one year from January 2019 to January 2020, revealed an analysis of the past prices based on weekly surveys conducted by Business Recorder.

Published 05 Jan, 2020 12:00am

Bilawal pays tributes to Taseer on death anniversary

Pakistan Peoples Party (PPP) Chairman Bilawal Bhutto has paid tributes to former Governor Punjab Salman Taseer on his ninth death anniversary. In the message, he said Taseer stood as a solidify wall in front extremism to protect weak sections of society.

Published 05 Jan, 2020 12:00am

Pakistani students urged to boost learning abilities during US visit

Pakistan's Ambassador to the United States, Asad Majeed Khan, Friday told a visiting group of 98 Pakistani students to make best use of their stay in the United States (US) by enhancing their learning abilities, capacity building and active engagement wit

Published 05 Jan, 2020 12:00am

Naya Pakistan housing project reviewed

Punjab Housing Minister Mian Mahmood-ur-Rasheed has directed all relevant departments to provide facilities to private sector investors on their partnership with the govt on the Naya Pakistan Housing project. The objective is to construct houses at an aff

Published 05 Jan, 2020 12:00am

JI chief warns against US aggression

Muslim countries should demonstrate unity to counter the US designs to impose war on them and create instability, said Jamaat-e-Islami chief Senator Sirajul Haq on Saturday. In a statement issued from Mansoora, he said American President Donald Trump bent

Published 05 Jan, 2020 12:00am

Ex-NICL chief, three others acquitted in land scam

An accountability court on Saturday acquitted former chairman National Insurance Company Limited (NICL) Ayaz Khan Niazi and three others in scam relating to land in Lahore.

Published 05 Jan, 2020 12:00am

House of PM's nephew robbed

A robbery took place late Friday night at the house of Prime Minister Imran Khan's nephew. According to the FIR filed by Shershah - the premier's nephew - three unidentified persons entered his house around 04:00am and made away with a Rs3 million cheque,

Published 05 Jan, 2020 12:00am

Automated filter plant installed at PIA Township

A new high-tech automated water filter plant has been installed at PIA Township Karachi, as a gift by Kasim Textiles, free in honour of CEO PIA Air Marshal Arshad Malik.

Published 05 Jan, 2020 12:00am

Bykea to introduce on-the-spot payment solution in three cities

Bykea Cash, an on-the-spot payment solution, will be introduced in three major cities of Pakistan, i.e., Karachi, Lahore and Rawalpindi, in this month, said Muneeb Maayr, founder of Bykea, a leading online on-demand ride-hailing and parcel delivery servic

Published 05 Jan, 2020 12:00am

PRCS to extend services across country: chairman

The newly appointed Chairman of the Pakistan Red Crescent Society (PRSC) Abrar ul Haq has expressed his resolve to come up with more tangible and viable methods to improve and extend PRCS humanitarian services.

Published 05 Jan, 2020 12:00am

Assets beyond means probe: NAB summons Sanaullah on January 28

National Accountability Bureau (NAB) has directed the Pakistan Muslim League-Nawaz (PML-N) Punjab President Rana Sanaullah Khan to appear before its investigation team on January 28 in the assets beyond means case.

Published 05 Jan, 2020 12:00am

PM inaugurates model police station in Mianwali

With a view to providing prompt relief to the people and build up trust between public and the force, Prime Minister Imran Khan Saturday inaugurated a model police station equipped with modern infrastructure and facilities at Mianwali.

Published 05 Jan, 2020 12:00am

'Jallo park to be converted into theme park'

The Punjab government has decided to convert Jallo Wildlife Park into a state of the art Theme Park. A five-member committee has been constituted in this regard to prepare a business plan and recommendations to convert the said wildlife park in to a touri

Published 05 Jan, 2020 12:00am

PFA disposes of 18,749 litres adulterated milk

The Punjab Food Authority (PFA) on Saturday disposed of 18,749 litres chemically contaminated milk loaded on 162 vehicles while carrying out a province-wide crackdown to control the sale of tainted milk in Punjab.

Published 05 Jan, 2020 12:00am

Karachi to receive light rainfall

The city is expected to receive light rainfall between Monday night and Tuesday morning, the Pakistan Meteorological Department said in a forecast. According to reports, a westerly wave likely to enter in Balochistan from Iran bringing a new spell of rain

Published 05 Jan, 2020 12:00am

Hyderabad SITE voices concern over low gas pressure

Senior Vice Chairman Hyderabad SITE Association of Trade and Industry Aamir Shahab has expressed his grave concern over the low supply of gas in SITE Hyderabad by Sui Southern Gas Company Limited and said that it is causing great losses to valuable machin

Published 05 Jan, 2020 12:00am

Buzdar for timely completion of development projects

Punjab Chief Minister Sardar Usman Buzdar chairing a meeting during his visit to Mianwali on Saturday directed timely completion of development schemes and reiterated that he is monitoring development projects of far-flung areas along with conducting fiel

Published 05 Jan, 2020 12:00am

Torture incident: Mayor visits teenager's residence to seek apology

Mayor Karachi Wasim Akhter on Saturday visited the residence of a teenager- Hasnain Haider Abbasi- who was assaulted by his son Taimur Akhter on New Year eve and apologized over the incident.

Published 05 Jan, 2020 12:00am

Money & Banking

Course on 'Compliance challenges in trade finance of IFIs' planned at IBA

The Centre for Excellence in Islamic Finance (IBA-CEIF) has announced a one-day intermediate level course on "Compliance Challenges in Trade Finance of IFIs".

Published 05 Jan, 2020 12:00am

Kashmiris' Right to Self-determination Day today

Kashmiris on both sides of the Line of Control and the world over will observe the Right to Self-Determination Day, tomorrow, to reaffirm the pledge to continue their liberation struggle till it reaches its logical conclusion.

Published 05 Jan, 2020 12:00am

PBIF slams hike in gas, power POL prices

President Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain has said that government's steps to provide relief to the masses are laudable but a continued hike in power, gas and POL prices hitting poor people and the businesses.

Published 05 Jan, 2020 12:00am

Taxes

MCC Appraisement (East) misses revenue target

Model Customs Collectorate (MCC), Appraisement East has remained short by Rs 38.10 billion to achieve its revenue target of Rs 263.62 billion till the end of second quarter of current financial year.

Published 05 Jan, 2020 12:00am

Taxes

July to December 2019: Revenue collection of MCC, Appraisement (West) falls by 15 percent

The revenue collection of Model Customs Collectorate (MCC), Appraisement West has witnessed 15 percent decline as compared to the collection of last corresponding period. According to details, the department has collected Rs 117.12 billion from July to De

Published 05 Jan, 2020 12:00am

Energy

NKATI rejects raise in power, gas & POL prices

President of North Karachi Association of Trade and Industry (NKATI), Nasim Akhtar and patron in chief Capt. A Moiz Khan have rejected the recently increase in power, gas tariff, oil prices and demanded Prime Minister Imran Khan to take notice of the incr

Published 05 Jan, 2020 12:00am

Energy

KE rejects media reports about tariff adjustment

Spokesperson K-Electric reiterates that different figures ranging from PKR 4 upwards being circulated in media circles as increase in consumer bills are misleading.

Published 05 Jan, 2020 12:00am

TAAP voices concern over barring PIA CEO from working

Travel Agents Association of Pakistan (TAAP) has expressed concerns over the reports that Sindh High Court (SHC) has directed the Chief Executive Officer (CEO) Pakistan International Airline (PIA) to stop working on the position.

Published 05 Jan, 2020 12:00am

JICA to provide Rs 435.729 million for well-being of FHBWs

Japan International Cooperation Agency (JICA) will provide Rs.435.729 million funding in the form of technical contribution for "Improvement of Livelihood & Well Being of Female Home Based Workers (FHBWs) in Informal Sector in Sindh".

Published 05 Jan, 2020 12:00am

Global Business Economy

US government limits exports of artificial intelligence software

The Trump administration took measures on Friday to crimp exports of artificial intelligence software as part of a bid to keep sensitive technologies out of the hands of rival powers like China.

Published 05 Jan, 2020 12:00am

Global Business Economy

US office vacancy rate rises marginally in Q4

The US office vacancy rate rose marginally to 16.8% in the fourth quarter from a year earlier, according to real estate research firm Reis Inc.

Published 05 Jan, 2020 12:00am

Energy

Russian oil supplies to Belarus resume

Russian oil supplies to Belarus resumed Saturday as the two countries neared agreement on a new contract after deliveries were halted the previous day, the Belarusian state energy firm said.

Published 05 Jan, 2020 12:00am

Global Business Economy

Thousands march against pension reform in Paris

Thousands of people demonstrated on Saturday against French President Emmanuel Macron's proposed pension reforms which have sparked a month-long transport strike.

Published 05 Jan, 2020 12:00am

Europe helps secure release of 11 North Korean defectors held in Vietnam

A group of 11 North Koreans who were detained in Vietnam while seeking to defect to South Korea have been released thanks to the help of European institutions, a Seoul-based activist group said on Saturday.

Published 05 Jan, 2020 12:00am

Turkey says two foreigners involved in Ghosn flight

Turkey on Saturday said two foreigners were involved in businessman Carlos Ghosn's transit through Istanbul as he fled Japan on his way to Lebanon.

Published 05 Jan, 2020 12:00am

Libya MPs call for break with Turkey over military deal

Libyan deputies voted Saturday for a break in diplomatic relations with Turkey over its controversial agreements with the UN-recognised government that is contested inside the North African country.

Published 05 Jan, 2020 12:00am

Telecommunication

Popular Mideast app accused of spying back on Google Play

The popular UAE-developed mobile application ToTok has returned to the Google Play Store after it was removed on claims it was being used for government spying, the company said Saturday.

Published 05 Jan, 2020 12:00am

Global Business Economy

German retailer Douglas lays foundation for possible IPO

German perfume and cosmetics retailer Douglas has set the scene for a possible return to the stock market by growing strongly online, although a decision rests with private equity owners CVC Capital, its chief executive said.

Published 05 Jan, 2020 12:00am

Money & Banking

US muni bond funds post record inflows in 2019

Investors seeking to dodge risk and ease their tax burden poured a record $94.05 billion into US municipal bond funds in 2019,according to preliminary data from Refinitiv Lipper on Thursday.

Published 05 Jan, 2020 12:00am

Stocks

Haier Smart Home plans Hong Kong listing

Haier, the world's biggest maker of household appliances, is planning a major restructuring that will see its main unit Haier Smart Home list in Hong Kong to take another group company valued at $7.7 billion private, two people with direct knowledge of th

Published 05 Jan, 2020 12:00am

Stocks

China's SDIC adds to Europe's IPO market woes by pulling London listing

Chinese power generation company SDIC postponed on Wednesday plans for an offering of global depositary receipts (GDRs) in London, setting the seal on what has been a miserable year for initial public offerings across Europe.

Published 05 Jan, 2020 12:00am

Stocks

Japan share prices seen stepping up to 30-year peak

Japanese stocks are expected to rise this year to reach levels not seen in nearly three decades, a Reuters poll found, based on expectations the beaten-down global manufacturing sector will once again gather steam.

Published 05 Jan, 2020 12:00am

Stocks

S&P snaps win streak as ME tensions push down Wall Street

Wall Street's major indexes fell from record highs on Friday after a US air strike in Iraq ratcheted up tensions in the Middle East and a bigger-than-expected contraction in the US manufacturing sector raised concerns of slowing economic growth.

Published 05 Jan, 2020 12:00am

Money & Banking

African currencies week ahead: Kenyan shilling seen rising, Zambia's kwacha under pressure

Kenya's shilling is expected to strengthen in the coming week, while the Tanzanian and Ugandan currencies are seen stable and Zambia's kwacha is likely to remain under pressure, currency traders told Reuters.

Published 05 Jan, 2020 12:00am

Money & Banking

Germany to issue first 'green' bonds

The German government will issue its first so-called green bonds, borrowing on financial markets to fund projects with "a positive ecological-sustainable effect" as calls grow for climate action.

Published 05 Jan, 2020 12:00am

Money & Banking

Canadian dollar weakens

The Canadian dollar edged lower against its US counterpart on Friday, paring some of this week's rally as rising geopolitical tensions in the Middle East weighed on risk appetite.

Published 05 Jan, 2020 12:00am

Money & Banking

Brazil on course for record FX outflow of over $43 billion

Brazil posted a foreign exchange outflow of $16.1 billion in the first four weeks of December, central bank figures on Thursday showed, putting the country on track to post a record annual FX outflow last year of more than $43 billion.

Published 05 Jan, 2020 12:00am

Money & Banking

Danish FX reserves shrink after large central bank intervention

Denmark's foreign exchange reserves fell by more than 4 billion crowns in December after the central bank made its largest intervention in the currency market in three months, it said on Friday.

Published 05 Jan, 2020 12:00am

Money & Banking

Thailand has policy room to handle baht gains

Thailand has room to use fiscal and monetary measures to manage the strength of the baht but there is no need to use tax measures yet, the country's finance minister said on Friday.

Published 05 Jan, 2020 12:00am

Money & Banking

Safe-haven yen rises; grim US data hits dollar

Investors rushed into safe-haven assets on Friday after US air strikes in Iraq killed a senior Iranian military official, sending the Japanese yen to a three-month high, while the US dollar index was knocked by the weakest domestic factory activity in a d

Published 05 Jan, 2020 12:00am

Commodities

Rains improve Argentine soyabean, corn crops

Rains that fell over much of Argentina's agricultural areas have improved conditions for soyabean and corn crops in the major grains exporting South American country, the Buenos Aires grains exchange said in its weekly report on Thursday.

Published 05 Jan, 2020 12:00am

Commodities

China eases customs curbs for soya imports through northern border

China has eased customs regulations on imports of soyabean through some northern border checkpoints, the commerce ministry said, a move that could smooth the way for shipments from neighbours such as Kazakhstan, Russia and perhaps Ukraine.

Published 05 Jan, 2020 12:00am

Commodities

CBOT corn higher as traders await US crop data

Chicago Board of Trade corn futures finished higher on Thursday as traders awaited US crop data and details on the initial trade agreement with China, traders said.

Published 05 Jan, 2020 12:00am

Cotton & Textile

Dull trading seen on cotton market

Most of the buyers were conspicuous by their absence on the cotton market on Saturday in the process of dull trading, dealers said.

Published 05 Jan, 2020 12:00am

Commodities

Canadian canola futures climb

ICE Canadian canola futures closed higher on Thursday on the first trading day of the new year, following strength in Malaysian palm oil and US soyaoil futures, traders said.

Published 05 Jan, 2020 12:00am

Commodities

Dryness hits Brazil's summer corn crop

Brazil's Rio Grande do Sul, the country's No. 3 grain-producing state, said that its summer corn crop will have problems due to lack of rains in recent weeks in parts of the state.

Published 05 Jan, 2020 12:00am

Cricket

Kohli opposes four-day Tests

India captain Virat Kohli on Saturday hit out at proposals to cut Test matches from five days to four as the world body battles with the crowded cricket calendar.

Published 05 Jan, 2020 12:00am

Other

Nadal and Djokovic off to winning starts at ATP Cup

Rafael Nadal and Novak Djokovic kickstarted their build-up to the Australian Open with straight sets wins at the ATP Cup Saturday, but world number four Dominic Thiem slumped to defeat.

Published 05 Jan, 2020 12:00am

Cricket

Irfan Pathan retires

India all-rounder Irfan Pathan Saturday retired from international cricket more than seven years after playing his last match for the national cricket team.

Published 05 Jan, 2020 12:00am

Cricket

Labuschagne's double ton boosts Australia total

New Zealand made a secure start after a Marnus Labuschagne double century lifted Australia to a massive 454 first innings total in the third Test on Saturday.

Published 05 Jan, 2020 12:00am

Cricket

HBL-PSL matches: Famous curator Atkinson to help improve pitches quality

With a view to standardise pitches across the country, the Pakistan Cricket Board (PCB) has hired the services of renowned curator Andy Atkinson.

Published 05 Jan, 2020 12:00am

Other

Broad, Anderson give England crucial edge

Stuart Broad and James Anderson led a relentless bowling performance as England gained what could prove a crucial advantage on the second day of the second Test against South Africa at Newlands on Saturday.

Published 05 Jan, 2020 12:00am

Other

Nimra to face Hira in KP Junior Squash final

Top seeded Nimra Aqeel will face her younger sister and second seed Hira Aqeel in the final of the Under-17 Age Group Girls category after recording victories against their respective rivals in the semi-final of the ongoing Khyber Pakhtunkhwa Junior Squas

Published 05 Jan, 2020 12:00am

Aaj TV - Sunday's schedule

All timings are in PST (Pakistan Standard Time).

Published 05 Jan, 2020 12:00am

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (January 4, 2020).

Published 05 Jan, 2020 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 22	252.10

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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