News Archives for Print - 2020-01-05

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Print - 2020-01-05

Open market rates of foreign currencies

Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Saturday (January 4, 2020).

Published 05 Jan, 2020 12:00am

Money & Banking

THE RUPEE: Rates slip

The rupee failed to sustain overnight firmness against the dollar on the money market on Saturday in the process of trading, dealers said.

Published 05 Jan, 2020 12:00am

Kerb buying and selling rate of US dollar

Dollar buying and selling rate in the kerb market in rupees on Saturday (January 4, 2020).

Published 05 Jan, 2020 12:00am

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (January 4, 2020).

Published 05 Jan, 2020 12:00am

Lahore Paper Market Rates

Paper market rates in rupees on Saturday (January 4, 2020).

Published 05 Jan, 2020 12:00am

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (January 4, 2020)

Published 05 Jan, 2020 12:00am

Yarn Prices

Faisalabad yarn and fibre prices

Cotton yarn rates in rupees per 10 Lbs on Saturday (January 4, 2020).

Published 05 Jan, 2020 12:00am

Yarn Prices

Karachi Yarn Market Rate

Karachi Yarn Market Rates on Saturday (January 4, 2020).

Published 05 Jan, 2020 12:00am

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (January 4, 2020).

Published 05 Jan, 2020 12:00am

The Weather

The weather report on Saturday (January 4, 2020) and the forecast for Sunday (January 5, 2020).

Published 05 Jan, 2020 12:00am

Schedules

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (January 4, 2020).

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

Aaj TV - Sunday's schedule

All timings are in PST (Pakistan Standard Time).

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

'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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Previous Day

Forex
World
Commodity

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

Stock	Volume
S&P 500 / May 12	5,844.19
Nasdaq / May 12	18,708.34
FTSE 100 / May 12	8,604.98
Dow Jones / May 12	42,410.10
Germany DAX 30 / May 12	23,566.54
France CAC40 / May 12	7,850.10
India Sensex / May 13	81,726.97
Tokyo Nikkei / May 13	38,305.85
Hang Seng / May 13	23,188.20

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

Gainers
Losers
Leaders

Stock	Price
Grays Leasing / May 13 Grays Leasing Limited(GRYL)	4.50 ▲ 0.71 (18.73%)
Al-Shaheer Corp / May 13 Al Shaheer Corporation Limited(ASC)	6.80 ▲ 0.92 (15.65%)
B. F. Mod. / May 13 B.F. Modaraba(BFMOD)	8.33 ▲ 0.99 (13.49%)
Burj Clean Energy Modaraba / May 13 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	9.11 ▲ 1 (12.33%)
First Capital Equities / May 13 First Capital Equities Limited(FCEL)	4.49 ▲ 0.49 (12.25%)
Pak. P.V.C. / May 13 Pakistan PVC Limited(PPVC)	8.30 ▲ 0.9 (12.16%)
Gulshan Sp. / May 13 Gulshan Spinning Mills Limited(GSPM)	3.40 ▲ 0.35 (11.48%)
Ghazi Fabrics / May 13 Ghazi Fabrics International Limited(GFIL)	10.17 ▲ 1 (10.91%)
Samba Bank / May 13 Samba Bank Limited(SBL)	9.38 ▲ 0.89 (10.48%)
PIA Holding Co.Ltd / May 13 PIA Holding Company Limited(PIAHCLA)	14.80 ▲ 1.35 (10.04%)

Stock	Price
EMCO Industries / May 13 Emco Industries Limited(EMCO)	37.62 ▼ -4.18 (-10%)
Blue-Ex Ltd / May 13 Blue-Ex Limited (GEM)(GEMBLUEX)	50.40 ▼ -5.42 (-9.71%)
Mughal Energy / May 13 Mughal Energy Limited(GEM)(GEMMEL)	19.90 ▼ -2.12 (-9.63%)
Ahmad Hassan / May 13 Ahmad Hassan Textile Mills Limited(AHTM)	49 ▼ -5 (-9.26%)
Jubilee Spinning / May 13 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	8.51 ▼ -0.78 (-8.4%)
Quetta Textile / May 13 Quetta Textile Mills Limited(QUET)	10.77 ▼ -0.91 (-7.79%)
Shahtaj Textile / May 13 Shahtaj Textile Limited(STJT)	64.70 ▼ -5.3 (-7.57%)
Bela Auto / May 13 Bela Automotives Limited(BELA)	130.10 ▼ -10.62 (-7.55%)
Parmount Sp. / May 13 Paramount Spinning Mills Limited(PASM)	3.40 ▼ -0.27 (-7.36%)
First AL-Noor Mod. / May 13 First Al-Noor Modaraba(FANM)	2.97 ▼ -0.23 (-7.19%)

Stock	Volume
Maple Leaf Cement / May 13 Maple Leaf Cement Factory Limited(MLCF)	22,038,613 ▲ 3.45
Pak Petroleum / May 13 Pakistan Petroleum Limited(PPL)	18,810,554 ▲ 15.28
Oil & Gas Dev. / May 13 Oil & Gas Development Company Limited(OGDC)	18,378,825 ▲ 11.99
Sui South Gas / May 13 Sui Southern Gas Company Limited(SSGC)	17,464,998 ▲ 1.37
WorldCall Telecom / May 13 Worldcall Telecom Limited(WTL)	17,058,147 ▼ -0.05
B.O.Punjab / May 13 The Bank of Punjab(BOP)	16,239,736 ▼ -0.18
K-Electric Ltd. / May 13 K-Electric Limited(KEL)	15,476,923 ▼ -0.13
Cnergyico PK / May 13 Cnergyico PK Limited(CNERGY)	12,675,759 ▼ -0.21
At-Tahur Ltd. / May 13 At-Tahur Limited(PREMA)	10,618,671 ▼ -1.76
Fauji Cement / May 13 Fauji Cement Company Limited(FCCL)	9,083,151 ▲ 0.69

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