News Archives for Print - 2020-01-06

Print - 2020-01-06

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (December 30 2019 to January 3, 2020).

Published 06 Jan, 2020 12:00am

Returns on Profit and Loss Sharing Investment Bank Accounts (January to June 2014)

Comparative table of returns being given banks on their Profit and Loss Sharing Investment Accounts and Term Deposits.

Published 06 Jan, 2020 12:00am

The Weather

The weather report on Sunday (January 5, 2020) and the forecast for Monday (January 6, 2020).

Published 06 Jan, 2020 12:00am

Aaj TV - Monday's schedule

All timings are in PST (Pakistan Standard Time).

Published 06 Jan, 2020 12:00am

Cricket

Aussies take control after Lyon takes five

Australia took a commanding 243-run lead over plucky New Zealand in the third Test in Sydney on Sunday, looking set for a clean sweep of the series. The Australians dismissed the Black Caps for 251 to lead by 203 runs on the first innings before batting a

Published 06 Jan, 2020 12:00am

Other

Alonso survives first Dakar stage dominated by Mini

Dakar Rally debutant Fernando Alonso avoided any first stage pitfalls as the 2020 edition of motorsport's gruelling 7,500 kilometre marathon began in Saudi Arabia on Sunday.

Published 06 Jan, 2020 12:00am

Other

'Corruption, doping cover-up' at Weightlifting Federation

The International Weightlifting Federation and its long-time chief Tamas Ajan have been accused of establishing a "culture of corruption" and doping cover-ups over decades in a German documentary to be aired Sunday.

Published 06 Jan, 2020 12:00am

Football

Liverpool kids sink Everton, Lucas rescues Spurs

Liverpool inflicted fresh misery on Merseyside rivals Everton as a superb strike from teenager Curtis Jones sealed a 1-0 win in the FA Cup third round on Sunday. Jones' second half curler sent Anfield into ecstasy as the club's youth academy graduates han

Published 06 Jan, 2020 12:00am

Other

Sana Bahadur wins KP Junior Squash Championship

Sana Bahadur clinched the trophy after upsetting her strong rival and top seeded Maira Hussain in the final of the Khyber Pakhtunkhwa Junior Girls and Boys Squash Championship played here at PAF Hashim Khan Squash Complex on Sunday.

Published 06 Jan, 2020 12:00am

Cricket

Rain spoilsports India-Sri Lanka T20 clash

Damp patches on the pitch due to rain forced the abandonment of the first Twenty20 international between India and Sri Lanka without a ball being bowled in Guwahati on Sunday despite groundsmen even turning to a hair dryer and steam iron in a desperate at

Published 06 Jan, 2020 12:00am

Cricket

Defiant Sibley puts England in control

A gritty 85 not out from opener Dom Sibley ground down South Africa's bowlers as England took control on the third day of the second Test against South Africa at Newlands. Sibley, playing in only his fourth Test, came in during the morning session after J

Published 06 Jan, 2020 12:00am

Cricket

Sri Lanka's sacked cricket coach demands $5 million compensation

Sacked coach Chandika Hathurusingha has demanded $5 million in compensation from Sri Lanka Cricket over the premature termination of his contract, an official said Sunday. The former Sri Lankan Test star and coach made the claim after the two sides failed

Published 06 Jan, 2020 12:00am

Football

Ibrahimovic statue vandalised again

Zlatan Ibrahimovic's statue in his hometown of Malmo was vandalised overnight Saturday, Swedish police reported. The statue has been the target of numerous attacks since the Swedish footballer invested in Stockholm-based Hammarby, angering supporters of M

Published 06 Jan, 2020 12:00am

IT & Computers

UN okays Russian-led bid to create new convention on cybercrime

The United Nations on Friday approved a Russian-led bid that aims to create a new convention on cybercrime, alarming rights groups and Western powers that fear a bid to restrict online freedom.

Published 06 Jan, 2020 12:00am

IT & Computers

Tech show offers big and flashy, up-close and (very) personal

The screens will be bigger and bolder, the cars will be smarter and some of the technology will be up-close and personal - even intimate. The 2020 Consumer Electronics Show opening in Las Vegas will be crammed with the latest in connected devices, from li

Published 06 Jan, 2020 12:00am

Global Business Economy

Germany's Bosch to offer low-cost sensors for self-driving cars

German automotive supplier Robert Bosch said Thursday it has developed a sensor that lets cars "see" a three-dimensional view of the road, aiming to lower the cost of technology that could speed the development of self-driving vehicles.

Published 06 Jan, 2020 12:00am

Telecommunication

Poland's Cyfrowy Polsat begins 5G roll-out

Poland's Cyfrowy Polsat said on Friday its Polkomtel unit had begun the roll-out of commercial 5G technology and aimed to start serving seven cities in the first quarter. The network, on the 2600 MHz TDD frequency, will be rolled out using technology from

Published 06 Jan, 2020 12:00am

Cutting out alcohol may reduce atrial fibrillation episodes

For people with atrial fibrillation, abstinence from alcohol may make the heartbeat better. Eliminating most alcohol consumption dramatically cuts the number of episodes of the potentially-deadly heart rhythm disturbance among moderate and heavy drinkers,

Published 06 Jan, 2020 12:00am

Mental health declining among older US adults

Many older Americans have experienced more days of poor mental health in recent years, particularly individuals with limited income and education, a US study suggests.

Published 06 Jan, 2020 12:00am

China confirms more cases of mystery viral pneumonia

China on Friday confirmed more cases of a mystery viral pneumonia that has sparked fears about a resurgence of SARS, the flu-like virus that killed hundreds of people more than a decade ago. The 44 cases, up from the initial 27 announced on Tuesday, inclu

Published 06 Jan, 2020 12:00am

Thailand kicks off 2020 with plastic bag ban

Thailand began the year with a ban on single-use plastic bags at major stores, continuing a campaign launched by the government and retailers towards a complete ban in 2021 to reduce waste and debris in the sea. Public awareness of the risk to animals and

Published 06 Jan, 2020 12:00am

2019 was hottest year on record for Russia

This year was the hottest ever registered in Russia, the country's weather chief said on Monday, as climate change pushes global temperatures to record highs. "This year in Russia was the hottest for the entire period of instrumental observations," the he

Published 06 Jan, 2020 12:00am

Global Business Economy

Hyundai, Kia sales drop on China weakness, forecast better 2020

South Korea's Hyundai Motor and affiliate Kia Motors turned in their lowest sales in seven years in 2019 as business in China slumped, missing their target for a fifth straight time, but forecast better numbers for 2020.

Published 06 Jan, 2020 12:00am

Global Business Economy

Tencent gets into global groove with stake in Vivendi's Universal

A Tencent-led consortium is taking a 10% stake in Vivendi's Universal Music Group, valuing the music label that houses Lady Gaga and The Beatles at 30 billion euros ($34 billion) and giving the Chinese firm a global backstage pass.

Published 06 Jan, 2020 12:00am

Global Business Economy

Trade wars are holding cross-border M&A hostage

Protectionism has crept from government departments to corporate boardrooms. The value of global deals struck in 2019 exceeded $3.8 trillion, but cross-border transactions were down by a quarter. Blame US President Donald Trump's sabre-rattling on trade,

Published 06 Jan, 2020 12:00am

Money & Banking

UK companies turn a little less gloomy over Brexit impact: BoE survey

British businesses turned less gloomy last month about Brexit's eventual impact even though they expected the uncertainty to persist for longer, according to a survey conducted either side of Prime Minister Boris Johnson's election win.

Published 06 Jan, 2020 12:00am

Global Business Economy

Uber sues California over gig-economy labor law

Ride-hailing giant Uber and delivery company Postmates have filed a lawsuit against the state of California, claiming a new law that would treat gig-economy freelancers as employees is unconstitutional.

Published 06 Jan, 2020 12:00am

Money & Banking

HSBC kicks off year with Hong Kong branches closed, vandalized

HSBC is being drawn into Hong Kong's political turmoil with protesters attacking some of its branches and graffiti daubed on the famous pair of lions that guard its city-centre headquarters.

Published 06 Jan, 2020 12:00am

Global Business Economy

US holiday returns surge with booming e-commerce

United Parcel Service Inc on Thursday expects to ship 1.9 million gifts and other items back to US retailers as e-commerce fuels an anticipated 26% year-over-year volume surge on "National Returns Day." January 2 is the busiest day for holiday returns in

Published 06 Jan, 2020 12:00am

Global Business Economy

Next's strong Christmas boosts hopes for UK retail sector

British clothing retailer Next raised its full-year profit forecast after a better-than-expected Christmas performance, fuelling hopes the wider sector may have enjoyed solid festive trading and see a pick up in fortunes in 2020.

Published 06 Jan, 2020 12:00am

Global Business Economy

South Korean builder takes control of Asiana Airlines for $2.2 billion

A South Korean construction firm on Friday signed a deal to acquire Asiana, the country's second-largest airline, which has long been plagued by financial problems.

Published 06 Jan, 2020 12:00am

Energy

Power cuts return to South Africa

South Africa's electricity utility Eskom at the weekend resumed power outages, citing a "vulnerable" generating system, just weeks after implementing the severest rationing in recent times.

Published 06 Jan, 2020 12:00am

Energy

Exxon signals Q4 weakness in chemicals and refining, offset by asset sale

Exxon Mobil Corp's fourth quarter operating results will decline from a year ago due to weakness in chemicals and refining, according to a regulatory filing and analyst comments on Friday.

Published 06 Jan, 2020 12:00am

IT & Computers

CEO Tim Cook sees pay ebb along with Apple performance

Apple chief Tim Cook saw his annual pay slip to $11.6 million in 2019 after the company registered a weaker financial performance compared with the previous year, according to documents filed Friday.

Published 06 Jan, 2020 12:00am

Money & Banking

Fed policymakers broadly see eye to eye on 2020 outlook

Federal Reserve policymakers who last year were frequently at odds over where to set US borrowing costs opened 2020 telegraphing confidence in the state of the economy and signalling broad agreement that monetary policy is right where it should be.

Published 06 Jan, 2020 12:00am

IT & Computers

Amid technology turmoil, celebration at global electronics show

The Consumer Electronics Show opening Tuesday offers a chance to showcase the newest and shiniest gadgetry, looking past the turmoil engulfing the global technology industry. The annual Las Vegas gathering with more than 4,500 exhibitors brings out about

Published 06 Jan, 2020 12:00am

Energy

Russia begins TurkStream gas flows to Greece, North Macedonia

Russia has started European gas deliveries through the new TurkStream pipeline to Turkey, Bulgaria's Bulgartransgaz said on Sunday, as Moscow looks to reduce shipments via Ukraine. Russia is building TurkStream and doubling the capacity of NordStream acro

Published 06 Jan, 2020 12:00am

Global Business Economy

Japan blasts 'unjustifiable' Ghosn's escape

Carlos Ghosn's escape from Japan is "unjustifiable" and he is thought to have left the country using "illegal methods", the Japanese justice minister said Sunday, in the first official public comments on the case.

Published 06 Jan, 2020 12:00am

Global Business Economy

ChemChina, Sinochem merge agricultural assets

ChemChina and Sinochem are consolidating their agricultural assets into a new holding company to be called Syngenta Group, ChemChina unit Syngenta said on Sunday. Chen Lichtenstein, current president and CEO of Shenzhen-listed crop protection company ADAM

Published 06 Jan, 2020 12:00am

Commodities

Japan 'Tuna King' buys new year catch for $1.8 million

A celebrated Japanese sushi businessman, nicknamed "Tuna King", paid $1.8 million for a giant tuna at New Year's auction at Tokyo's main fish market on Sunday. Kiyoshi Kimura, who runs a successful sushi restaurant chain, paid 193 million yen ($1.8 millio

Published 06 Jan, 2020 12:00am

Stocks

Aramco sinks as Gulf bourses rocked by Iran-US tensions

Saudi Aramco shares hit the lowest level since their market debut on Sunday, as Gulf bourses were hit by a panicky sell-off amid Iranian vows of retaliation over the US killing of a top general.

Published 06 Jan, 2020 12:00am

Stocks

Chinese companies' hedging activities spike amid trade war uncertainty

Corporate China's hedging activities spiked over the past two years as the Sino-US trade war and a slowing economy prompted companies to embrace the country's rapidly growing derivative market to reduce uncertainty, data shows.

Published 06 Jan, 2020 12:00am

Stocks

Era of low sovereign bond yields to persist well into 2020

Major sovereign debt yields will feel the pull of gravity well into next year, with the US 10-year benchmark barely rising by the end of 2020, according to a Reuters poll of fixed-income strategists.

Published 06 Jan, 2020 12:00am

Stocks

Brazil's stock exchange operator B3 reduces, simplifies trading fees

Brazilian financial exchange operator B3 said on Thursday it is reducing and simplifying fees investors pay to trade stocks and over-the-counter products, moves intended to increase efficiency, activity and competition.

Published 06 Jan, 2020 12:00am

Stocks

Where's the risk? US fund managers bet on bull run in 2020

With the UK election results giving some certainty to the Brexit process, a US-China trade deal all but signed and the Federal Reserve signaling that it will stand steady for the foreseeable future, there are three fewer hurdles standing in the way of glo

Published 06 Jan, 2020 12:00am

Stocks

Loonie to extend this year's rally if global risks abate

The Canadian dollar will add to this year's gains over the coming 12 months as a potential easing of global economic risk reduces pressure on the Bank of Canada to provide support for Canada's commodity-linked economy, a Reuters poll showed.

Published 06 Jan, 2020 12:00am

Stocks

Egypt's Exchange targets IPOs of 3-4 private companies

Egypt's Stock Exchange targets to have initial public offerings of three to four private sector companies in 2020, its chairman Mohamed Farid said on Tuesday. The last IPO of a private company was earlier this month by the Egyptian generic drug maker Rame

Published 06 Jan, 2020 12:00am

Money & Banking

Brazil's real to stay soft

Brazil's real will trade not far off record lows into the new year, receiving eventual support from a tentative economic recovery after months of unconvincing macro performance that has dragged the currency down, a Reuters poll showed.

Published 06 Jan, 2020 12:00am

Iraqi protesters denounce twin 'occupiers' US and Iran

Iraqi protesters flooded the streets on Sunday to denounce both Iran and the US as "occupiers", angry that fears of war between the rivals was derailing their anti-government movement. For three months, youth-dominated rallies in the capital and Shia-majo

Published 06 Jan, 2020 12:00am

Britain urges Iraq to stick with anti-IS coalition troops

London has urged Baghdad to allow international coalition soldiers to stay in Iraq, where the parliament on Sunday pressed the government to oust foreign troops. Iraq's parliament urged the country's government to oust thousands of chiefly US soldiers fro

Published 06 Jan, 2020 12:00am

Six Germans die as drunk driver hits pedestrians in Italian Alps

A drunk driver ploughed into pedestrians in an Italian Alpine village on Sunday, killing six German tourists and injuring 11 other people, emergency services said. The accident happened at around 1:15 am (0015 GMT) in the village of Lutago near the Austri

Published 06 Jan, 2020 12:00am

Japanese woman extends record as world's oldest person

Kane Tanaka has extended her record as the world's oldest person by celebrating her 117th birthday at a nursing home in Fukuoka in southern Japan. Tanaka marked her birthday with a party on Sunday along with staff and friends at the nursing home, televisi

Published 06 Jan, 2020 12:00am

China rules out SARS in mystery viral pneumonia outbreak

China on Sunday said a mysterious viral pneumonia outbreak that has affected 59 people was not the flu-like virus SARS that killed hundreds more than a decade ago. The infection was first reported last week in Wuhan, a central Chinese city with a populati

Published 06 Jan, 2020 12:00am

New Zealanders call emergency services over 'scary' skies

Smoke from Australia's bushfires drifting over to New Zealand caused a flood of emergency calls on Sunday as people reported a thick orange haze hovering over Auckland. In recent days the smoke had covered much of the South Island, making usually pristine

Published 06 Jan, 2020 12:00am

Nearly Aus$25 million raised as Australia reels from bushfire fury

A global appeal to help Australian firefighters tackling catastrophic bushfires raised almost Aus$25 million on Sunday, as swathes of the country suffered extensive damage and the death toll from the long-running crisis hit 24.

Published 06 Jan, 2020 12:00am

Iran summons German envoy over 'unacceptable' remarks

Iran Sunday summoned Germany's charge d'affaires over "unacceptable" remarks by German officials after the killing of a top general in a US strike, the foreign ministry said. In the aftermath of Friday's US drone strike that killed General Qasem Soleimani

Published 06 Jan, 2020 12:00am

Five dead, dozens hurt in 'horrible' US highway crash

Five people died and dozens were injured in a "horrible" crash involving a tour bus and three tractor trailers on a major US highway Sunday.

Published 06 Jan, 2020 12:00am

Saudi Arabia slams Turkish approval of Libya deployment

Saudi Arabia on Sunday condemned the Turkish parliament's approval of a military deployment to Libya, which is aimed at shoring up the UN recognised government in Tripoli.

Published 06 Jan, 2020 12:00am

Guaido says Venezuela police block access to parliament

Venezuela's opposition leader Juan Guaido hit out at the police on Sunday for preventing him from attending the National Assembly where he was due to be voted in for a second term as parliament speaker. Lawmakers were due to elect the new National Assembl

Published 06 Jan, 2020 12:00am

'Serious' cyber attack hits Austrian ministry

Austria's foreign ministry has been targeted by a "serious cyber attack", officials said, warning another country could be responsible.

Published 06 Jan, 2020 12:00am

Regime air strikes kill nine in northwest Syria

Syrian regime air strikes killed nine civilians in the embattled opposition stronghold of Idlib on Sunday, a war monitor said. Jihadist-dominated Idlib has come under mounting bombardment in recent weeks, displacing tens of thousands of people in the nort

Published 06 Jan, 2020 12:00am

Brief Recordings

An interview with Karachi Cotton Association Chairman Khawaja Muhammad Zubair 'Poor seed quality poses an existential threat to domestic cotton'

P Khawaja Muhammad Zubair is a reputable name in the cotton industry, thanks to his long-term association with cotton inspection business. He is the CEO Baltic Control's Pakistan office, a global inspection, verification, testing and certification company

Updated 06 Jan, 2020 10:55am

Demonstrations held against killing of Soleimani

The assassination of Iranian Major General Qasem Soleimani has triggered protest demonstrations in parts of Pakistan including Karachi as hundreds of protesters including women and children took to city roads to denounce the US military air strike in Bagh

Published 06 Jan, 2020 12:00am

Passage of Army Act: Constitutional, legal questions to be addressed by apex court: expert

The passage of the bill to amend Pakistan Army Act, 1952, will not have any bearing on the review petitions as constitutional and legal questions raised therein need to be addressed by the apex court, said a legal expert while talking to this corresponden

Published 06 Jan, 2020 12:00am

AML Act 2010: Parliamentary panel may approve amendments today

A parliamentary panel would take up and may approve today (Monday) critically important proposed bill to further amend the Anti-Money Laundering (AML) Act 2010 which would help the country to comply with the recommendations of financial action task force

Published 06 Jan, 2020 12:00am

CDA likely to generate Rs 2.5 billion through building by-laws' compliance

Capital Development Authority (CDA) is likely to generate around Rs2.5 billions on compliance of building by-laws by different commercial premises situated at sectorial area of the city.

Published 06 Jan, 2020 12:00am

Cotton & Textile

WEEKLY COTTON REVIEW: Trend of increase in prices continues

The trend of increase in the prices of cotton continues despite elimination of import duty on cotton. US - Iran conflict feared to have a negative impact on the international economy. It is expected that exporters will get orders in Heimtexill internation

Published 06 Jan, 2020 12:00am

Industrial revolution vital for sustainable economic growth: ATP

Chairman, Aman Taraqqi Party (ATP), Muhammad Faiq Shah has said the industrial revolution is essential for bringing sustainable economic growth and development in country.

Published 06 Jan, 2020 12:00am

Energy

CNG stations reopen across Sindh for 12 hours

Compressed Natural Gas (CNG) stations reopened across Sindh on Sunday morning for 12 hours. Long queues of all kinds of vehicles were witnessed outside the CNG stations as they opened after a gap of 50 hours. The gas filling stations will remain open unti

Published 06 Jan, 2020 12:00am

Amendments to Army Act: Firdous hopes all parties will support government

Special Assistant to Prime Minister (SAPM) on Information and Broadcasting Dr Firdous Ashiq Awan said on Sunday opposition had showed its national responsibility over the issue of bill regarding amendments to Army Act.

Published 06 Jan, 2020 12:00am

EOBI disburses Rs 33 billion among pensioners: chairman

The Employees Old Age Benefits Institution (EOBI) has disbursed Rs33 billion among 623,000 beneficiaries through various projects, besides generating Rs21 billion revenue during fiscal year 2018-2019. "The EOBI will be paying Rs 40 billion to the pensione

Published 06 Jan, 2020 12:00am

Money & Banking

Finance Ministry clarifies

Finance Ministry said on Sunday that the process for incorporating a company in Pakistan for a married man or woman is the same. The Ministry clarified in response to a tweet by the World Bank country Director for Pakistan, Illango that in Pakistan, marri

Published 06 Jan, 2020 12:00am

KP Mineral department: AGP detects financial irregularities worth Rs 364.128 million

The Auditor General of Pakistan (AGP) has detected three cases of the illegal operation, unauthorized sale and wasteful expenditure to the tone of Rs 364.128 million in the accounts of the Mines and Mineral Development Department of Khyber Pakhtunkhwa dur

Published 06 Jan, 2020 12:00am

Substantial raise witnessed in prices of essential food items

A considerable increase in prices of essential food commodities, including pulses, vegetable, flour, sugar and others was witnessed in preceding week as compared to previous week in retail market, according to survey carried out by Business Recorder </

Published 06 Jan, 2020 12:00am

Zulfikar Ali Bhutto laid down life for country: Ghani

Sindh Minister for Information, Archives and Labour Saeed Ghani has said that Shaheed Zulfikar Ali Bhutto laid down his life in the service of his country and the people he loved so much.
Published 06 Jan, 2020 12:00am

Cotton & Textile
Knitwear worth $1.320 billion exported in five months

Knitwear exports from the country during first five months of current financial year grew by 8.69 percent as compared the exports of the corresponding period of last year.
Published 06 Jan, 2020 12:00am

Non-compliance of employment code: 27 foreign recruiting firms blacklisted in 2019

Bureau of Emigration and Overseas Employment (BEOE) has blacklisted 27 foreign recruiting firms in 2019, barring them from operating in Pakistan further due to non-compliance of the employment code agreed with the emigrants at the time of their recruitmen
Published 06 Jan, 2020 12:00am

Businessmen hail UAE golden visa policy

Pakistan's business community has applauded the United Arab Emirates (UAE) Golden Visa Portal, saying it has made it extremely convenient for investors, entrepreneurs and professionals to apply for long-term visas of five or 10 years.
Published 06 Jan, 2020 12:00am

Need for new industrial estates in Sialkot stressed

In order to make vibrant economic activities and industrial development there was a great need of setting up more small industrial estates in this export-oriented city and hub of cottage industry of the country.
Published 06 Jan, 2020 12:00am

Plan to promote cooperative farming in three districts of Punjab

Agriculture department said that a two-year "Crop maximization through cooperative farming project costing Rs400 million would soon be launched in three districts of the Punjab. Sources in Agriculture department told Business Recorder on Sunday tha
Published 06 Jan, 2020 12:00am

Dacoity in journalist's house: CM seeks report from CCPO

Chief Minister Punjab Sardar Usman Buzdar has sought a report from CCPO Lahore regarding dacoity incident in the house of senior journalist Imtiaz Alam and directed to arrest the culprits at the earliest. He said that immediate legal action should be take
Published 06 Jan, 2020 12:00am

Two bogies of train derail near Kotri

Two bogies of a passenger train derailed near Kotri in Sukkur on Sunday morning. According to railway officials, the down track was blocked for traffic owing to the derailment of the coaches of the Allama Iqbal Express. There are no reports of any injurie
Published 06 Jan, 2020 12:00am

Kashmiris observe Right to Self-determination Day

People of Jammu & Kashmir living at both sides of the line of control and rest of the world observed the 'Right of Self Determination Day' on Sunday with renewal of the pledge to continue their ongoing indigenous struggle with full vigor for securing thei
Published 06 Jan, 2020 12:00am

Firdous urges UNSC to fulfil its promise with Kashmiris

Special Assistant to the Prime Minster on Information and Broadcasting Dr Firdous Ashiq Awan Sunday urged the United Nations Security Council (UNSC) to give Kashmiris their right to self-determination by fulfilling its promise that it made some 71 years b
Published 06 Jan, 2020 12:00am

Manpower export increases 47 percent in 2019

Ministry of Overseas Pakistanis and Human Resource Development (MOP&HRD) has facilitated 563,018 Pakistanis to get jobs in different countries, witnessing a massive increase of 47 per cent in 2019 as compared to 2018 when only 382,439 persons went abroad
Published 06 Jan, 2020 12:00am

Chaudhry brothers meet Fazl

Pakistan Muslim League-Quaid (PML-Q) leaders Chaudhry Shujaat Hussain and Chaudhry Pervaiz Elahi on Sunday called on Maulana Fazlur Rehman to convince him for supporting the key bill regarding extension in tenure of the Army Chief. PML-Q leader Hafiz Amma
Published 06 Jan, 2020 12:00am

Ijaz Shah visits Nankana Sahib

Interior Minister Brigadier (retd) Ijaz Ahmed Shah on Sunday visited Nankana Sahib to ascertain the facts regarding Friday's incident. Shah said that he was here in Nankana on the directions of the prime minister. "What happened here on Friday was a consp
Published 06 Jan, 2020 12:00am

Right to Self- determination Day observed in Hyderabad

Like other parts of the country, the Right to Self-determination Day was also observed in Hyderabad on Sunday to express solidarity with the people of occupied Jammu and Kashmir and their struggle for the right of self determination.
Published 06 Jan, 2020 12:00am

'Right to Self-determination to Kashmiris': President urges UN to honour its commitments

President Dr Arif Alvi Sunday while calling the United Nations to honour its commitments made 71 years ago said the Right to Self-Determination Day was a reminder to global community that they could not shy away from their responsibility towards the Kashm
Published 06 Jan, 2020 12:00am

PM to inaugurate New Azakhel Dry port on January 8

A new modern dry port is being established in Pirpai district Nowshera to facilitate business community and boost trade activities in the region that will be formally inaugurated by Prime Minister Imran Khan on January 8, 2020 (Wednesday) next during a ce
Published 06 Jan, 2020 12:00am

NAB arrests PPP leader Aijaz Jakhrani's close aide

The National Accountability Bureau, Sukkur, on Sunday claimed to have arrested Zaheer, a close aide to Adviser to Sindh Chief Minister on Prison Aijaz Hussain Jakhrani in Islamabad.
Published 06 Jan, 2020 12:00am

Rally held to mark Kashmiri's 'Right to Self-determination Day' at SU

People of occupied Kashmir have been brought to witness unprecedented horrors in form of most violent massacre as India had been exploiting its inclement troops to act as ruthless oppressive machinery to stifle freedom voice of people of Kashmir.
Published 06 Jan, 2020 12:00am

Withdrawal of import duties on cotton

In its meeting held on 30th December, 2019, the Economic Coordination Committee (ECC), headed by the Advisor to the Prime Minister on Finance, Dr Hafeez Shaikh, waived all duties and taxes on import of cotton and also allowed its import via the Torkham bo
Updated 06 Jan, 2020 06:28am

Escalating US-Iran tensions

President Trump had promised to withdraw US troops from the Middle East but the drone strike he ordered on Friday at Baghdad Airport, killing Qassem Soleimani, commander of Iran's elite Quds Force, has increased the risk of tensions escalating into a wide
Updated 06 Jan, 2020 06:28am

Articles
Legacy power contracts

As reported by the press, NEPRA Chairman Tauseef H. Siddiqui stated last month that Pakistan is being held to an expensive electricity 'ransom' whereby the government "purchases electricity at Rs 24 per unit and sells it to consumers at Rs 15 -16 per unit
Published 06 Jan, 2020 12:00am

Articles
Destination 2020

Guess which is the top tourist destination to visit in 2020. France, wrong. Malaysia, wrong, Maldives, wrong. India, absolutely wrong. It is Pakistan, yes, believe it or not, but Pakistan it is. This is something we all have dreamt and talked about for de
Published 06 Jan, 2020 12:00am

Articles
Overload on train to IOK's internet oasis

Every day the train to occupied Kashmir's remote cyber oasis Banihal is packed as people travel for hours to get online in the disputed region where internet has been cut for five months. The mountain town of fewer than 4,000 people has six internet cafes
Published 06 Jan, 2020 12:00am

Letters
Country's exports

Business Recorder op-ed writer Shabir Ahmed always comes up with a fascinating argument to build up his case. In his latest op-ed "Exports: the lesser god on govt's totem pole" , he makes a sardonic comment on Adviser to PM Razak Dawood's approach
Updated 06 Jan, 2020 08:30am

Human rights of Kashmiris: PM urges UN to honour its commitments

Prime Minister Imran Khan has said that 5th January reminds the international community, especially the United Nations, of the imperative of honouring its commitment towards the people of Jammu and Kashmir.
Published 06 Jan, 2020 12:00am

Income tax returns and wealth statements: FMU will have access to taxpayers' information

The Financial Monitoring Unit would have access to the taxpayer's personal information of income tax returns and wealth statements, available with the Federal Board of Revenue (FBR), for performing functions under Anti-Money Laundering Act, 2010.
Published 06 Jan, 2020 12:00am

Previous Day

Forex
World
Commodity

Currency Rate

USD PKR Interbank Selling / Mar 25

280.52

USD PKR Interbank Buying / Mar 25

280.27

USD to Japanese Yen / Mar 25

150.54

USD to Swiss Franc / Mar 25

0.88

Pound Sterling to USD / Mar 25

1.29

Euro to USD / Mar 25

1.08

UK LIBOR % / Mar 24

4.96

Stock Volume

S&P 500 / Mar 24

5,767.57

Nasdaq / Mar 24

18,188.59

Dow Jones / Mar 24

42,583.32

India Sensex / Mar 25

78,073.97

Tokyo Nikkei / Mar 25

37,780.54

Hang Seng / Mar 25

23,413.58

FTSE 100 / Mar 25

8,684.09

Germany DAX 30 / Mar 25

22,926.46

France CAC40 / Mar 25

8,073.56

Item Value

Karachi Cotton PKR/37.32 KG / Mar 24

17,085

Petrol/Litre / Mar 25

255.63

Crude Oil USD/Barrel / Mar 25

69.03

Gold 10 Grams PKR / Mar 25

272,462

Gold Spot USD/Ounce / Mar 25

3,017.31

Diesel/Litre / Mar 25

258.64

Cotton US¢/pound / Mar 25

65.64

Gainers
Losers
Leaders

Stock Price

Mughal Iron & Steel Indus.(R) / Mar 25

Mughal Iron & Steel Industries Limited (R)(MUGHALR2)

2.01

▲ 1 (99.01%)

Ruby Textile / Mar 25

Ruby Textile Mills Limited(RUBY)

7.01

▲ 1 (16.64%)

Sec. Inv. Bank / Mar 25

Security Investment Bank Limited(SIBL)

8.99

▲ 1 (12.52%)

Samba Bank / Mar 25

Samba Bank Limited(SBL)

9

▲ 0.82 (10.02%)

Leiner Pak Gelat / Mar 25

Leiner Pak Gelatine Limited(LPGL)

100.73

▲ 9.16 (10%)

Adamjee Life Assur. / Mar 25

Adamjee Life Assurance Company Limited(ALIFE)

25.73

▲ 2.34 (10%)

United Dist. / Mar 25

United Distributors Pakistan Limited(UDPL)

67.29

▲ 6.12 (10%)

Crescent Fib. / Mar 25

Crescent Fibres Limited(CFL)

45.70

▲ 4.14 (9.96%)

Popular Islamic / Mar 25

Popular Islamic Modaraba(PIM)

13.19

▲ 1.19 (9.92%)

Hussain Industries / Mar 25

Husein Industries Limited(HUSI)

27.30

▲ 2.43 (9.77%)

Stock Price

Parmount Sp. / Mar 25

Paramount Spinning Mills Limited(PASM)

3.51

▼ -0.48 (-12.03%)

Shahtaj Sugar / Mar 25

Shahtaj Sugar Mills Limited(SHJS)

117

▼ -13 (-10%)

Diamond Ind. / Mar 25

Diamond Industries Limited(DIIL)

27.68

▼ -3.07 (-9.98%)

Zephyr Textile / Mar 25

Zephyr Textiles Limited(ZTL)

9.50

▼ -1 (-9.52%)

TPL Life Insur. / Mar 25

TPL Life Insurance Limited(TPLL)

55.02

▼ -5.74 (-9.45%)

Shahtaj Textile / Mar 25

Shahtaj Textile Limited(STJT)

65.05

▼ -6.54 (-9.14%)

Sindh Abadgar / Mar 25

Sindh Abadgar's Sugar Mills Limited(SASML)

55

▼ -5.43 (-8.99%)

Elahi Cot. / Mar 25

Elahi Cotton Mills Limited(ELCM)

138

▼ -13.03 (-8.63%)

Tri-Star Power / Mar 25

Tri-Star Power Limited(TSPL)

7.24

▼ -0.66 (-8.35%)

Shield Corp. / Mar 25

Shield Corporation Limited(SCL)

253.90

▼ -22.98 (-8.3%)

Stock Volume

Pak Elektron / Mar 25

Pak Elektron Limited(PAEL)

28,623,330

▲ 0.63

TRG Pak Ltd / Mar 25

TRG Pakistan Limited(TRG)

22,742,574

▼ -3.59

Cnergyico PK / Mar 25

Cnergyico PK Limited(CNERGY)

19,218,186

▲ 0.01

Sui South Gas / Mar 25

Sui Southern Gas Company Limited(SSGC)

14,168,002

▲ 0.18

WorldCall Telecom / Mar 25

Worldcall Telecom Limited(WTL)

11,877,825

▼ -0.05

Pak Int.Bulk / Mar 25

Pakistan International Bulk Terminal(PIBTL)

11,187,536

▲ 0.08

Pak Refinery / Mar 25

Pakistan Refinery Limited(PRL)

10,362,407

▼ -0.12

B.O.Punjab / Mar 25

The Bank of Punjab(BOP)

10,164,053

▼ -0.21

K-Electric Ltd. / Mar 25

K-Electric Limited(KEL)

10,144,462

▲ 0

Treet Corp / Mar 25

Treet Corporation Limited(TREET)

8,893,519

▼ -0.53

Markets →

Most Popular

Today

Yesterday

Past 3 Days

Net metering consumers: Contract term limited to 5 years

NJLI Sarmaya Growth Fund Rates

Large number of civil servants to be sent to ‘surplus pool’

FY26 Budget proposals: Businesses urge govt to gradually reduce GST rate

Umrah ‘crisis’ emerges: Saudi curbs hit Pakistanis hard

There will be no change in solar energy policy: PM

Pakistan’s Sapphire Textile to acquire minority stake in UK-based RTS Textiles

Systems Limited announces 5-for-1 stock split

Net metering regulations: REAP says concerned at changes

Net metering regulations: REAP says concerned at changes

NJLI Sarmaya Growth Fund Rates

Pakistan’s sugar maker to install 200KW solar power plant

Selling pressure at PSX: KSE-100 sheds over 2,000 points

Running power project on Thar coal: KE shifts onus of potential delays to Power Div

Systems Limited announces 5-for-1 stock split

Shopkeepers/traders: FBR mulling another registration scheme

There will be no change in solar energy policy: PM

No change in govt’s policy on solar energy: PM Shehbaz

NJLI Sarmaya Growth Fund Rates

Net metering regulations: REAP says concerned at changes

No change in govt’s policy on solar energy: PM Shehbaz

Net metering consumers: Contract term limited to 5 years

There will be no change in solar energy policy: PM

Systems Limited announces 5-for-1 stock split

Bank holidays: SBP announces three-day closure for Eid-ul-Fitr 2025

Pakistan’s sugar maker to install 200KW solar power plant

Selling pressure at PSX: KSE-100 sheds over 2,000 points

Currency	Rate
USD PKR Interbank Selling / Mar 25	280.52
USD PKR Interbank Buying / Mar 25	280.27
USD to Japanese Yen / Mar 25	150.54
USD to Swiss Franc / Mar 25	0.88
Pound Sterling to USD / Mar 25	1.29
Euro to USD / Mar 25	1.08
UK LIBOR % / Mar 24	4.96

Stock	Volume
S&P 500 / Mar 24	5,767.57
Nasdaq / Mar 24	18,188.59
Dow Jones / Mar 24	42,583.32
India Sensex / Mar 25	78,073.97
Tokyo Nikkei / Mar 25	37,780.54
Hang Seng / Mar 25	23,413.58
FTSE 100 / Mar 25	8,684.09
Germany DAX 30 / Mar 25	22,926.46
France CAC40 / Mar 25	8,073.56

Item	Value
Karachi Cotton PKR/37.32 KG / Mar 24	17,085
Petrol/Litre / Mar 25	255.63
Crude Oil USD/Barrel / Mar 25	69.03
Gold 10 Grams PKR / Mar 25	272,462
Gold Spot USD/Ounce / Mar 25	3,017.31
Diesel/Litre / Mar 25	258.64
Cotton US¢/pound / Mar 25	65.64

Stock	Price
Mughal Iron & Steel Indus.(R) / Mar 25 Mughal Iron & Steel Industries Limited (R)(MUGHALR2)	2.01 ▲ 1 (99.01%)
Ruby Textile / Mar 25 Ruby Textile Mills Limited(RUBY)	7.01 ▲ 1 (16.64%)
Sec. Inv. Bank / Mar 25 Security Investment Bank Limited(SIBL)	8.99 ▲ 1 (12.52%)
Samba Bank / Mar 25 Samba Bank Limited(SBL)	9 ▲ 0.82 (10.02%)
Leiner Pak Gelat / Mar 25 Leiner Pak Gelatine Limited(LPGL)	100.73 ▲ 9.16 (10%)
Adamjee Life Assur. / Mar 25 Adamjee Life Assurance Company Limited(ALIFE)	25.73 ▲ 2.34 (10%)
United Dist. / Mar 25 United Distributors Pakistan Limited(UDPL)	67.29 ▲ 6.12 (10%)
Crescent Fib. / Mar 25 Crescent Fibres Limited(CFL)	45.70 ▲ 4.14 (9.96%)
Popular Islamic / Mar 25 Popular Islamic Modaraba(PIM)	13.19 ▲ 1.19 (9.92%)
Hussain Industries / Mar 25 Husein Industries Limited(HUSI)	27.30 ▲ 2.43 (9.77%)

Stock	Price
Parmount Sp. / Mar 25 Paramount Spinning Mills Limited(PASM)	3.51 ▼ -0.48 (-12.03%)
Shahtaj Sugar / Mar 25 Shahtaj Sugar Mills Limited(SHJS)	117 ▼ -13 (-10%)
Diamond Ind. / Mar 25 Diamond Industries Limited(DIIL)	27.68 ▼ -3.07 (-9.98%)
Zephyr Textile / Mar 25 Zephyr Textiles Limited(ZTL)	9.50 ▼ -1 (-9.52%)
TPL Life Insur. / Mar 25 TPL Life Insurance Limited(TPLL)	55.02 ▼ -5.74 (-9.45%)
Shahtaj Textile / Mar 25 Shahtaj Textile Limited(STJT)	65.05 ▼ -6.54 (-9.14%)
Sindh Abadgar / Mar 25 Sindh Abadgar's Sugar Mills Limited(SASML)	55 ▼ -5.43 (-8.99%)
Elahi Cot. / Mar 25 Elahi Cotton Mills Limited(ELCM)	138 ▼ -13.03 (-8.63%)
Tri-Star Power / Mar 25 Tri-Star Power Limited(TSPL)	7.24 ▼ -0.66 (-8.35%)
Shield Corp. / Mar 25 Shield Corporation Limited(SCL)	253.90 ▼ -22.98 (-8.3%)

Stock	Volume
Pak Elektron / Mar 25 Pak Elektron Limited(PAEL)	28,623,330 ▲ 0.63
TRG Pak Ltd / Mar 25 TRG Pakistan Limited(TRG)	22,742,574 ▼ -3.59
Cnergyico PK / Mar 25 Cnergyico PK Limited(CNERGY)	19,218,186 ▲ 0.01
Sui South Gas / Mar 25 Sui Southern Gas Company Limited(SSGC)	14,168,002 ▲ 0.18
WorldCall Telecom / Mar 25 Worldcall Telecom Limited(WTL)	11,877,825 ▼ -0.05
Pak Int.Bulk / Mar 25 Pakistan International Bulk Terminal(PIBTL)	11,187,536 ▲ 0.08
Pak Refinery / Mar 25 Pakistan Refinery Limited(PRL)	10,362,407 ▼ -0.12
B.O.Punjab / Mar 25 The Bank of Punjab(BOP)	10,164,053 ▼ -0.21
K-Electric Ltd. / Mar 25 K-Electric Limited(KEL)	10,144,462 ▲ 0
Treet Corp / Mar 25 Treet Corporation Limited(TREET)	8,893,519 ▼ -0.53