News Archives for Print - 2020-01-07

Print - 2020-01-07

Commodities

Gold hits fresh peak

Gold on Monday surged to record high on the local market hitting Rs93,400 per tola with a mammoth single-day increase of Rs2,600, traders said.

Published 07 Jan, 2020 12:00am

PBC say it's against 'personality-specific' steps

Pakistan Bar Council (PBC) has expressed its concern on the manner in which the extension in tenures of the army, navy and air force chiefs is being given through the acts of parliament.

Published 07 Jan, 2020 12:00am

SBP fears rise in food inflation

The State Bank of Pakistan (SBP) said on Monday that the policy mix appears adequate to address the macroeconomic imbalances and push the economy towards stability as Pakistan's economy moved progressively along the adjustment path during the first quarte

Published 07 Jan, 2020 12:00am

ECNEC approves around Rs 215 billion projects

A meeting of the Executive Committee of the National Economic Council (ECNEC) has approved around Rs 215 billion projects for higher education, communication, power and social sectors.

Published 07 Jan, 2020 12:00am

Power regulation law: Proposed amendments approved by ECC

A meeting of the Economic Coordination Committee (ECC) of the Cabinet has approved proposed amendments to the Regulation of Generation, Transmission and Distribution of Electronic Power Act, 1997 to meet the International Monetary Fund (IMF) condition for

Published 07 Jan, 2020 12:00am

Tenures of services' chiefs: Bills unanimously approved by NA body

The National Assembly Standing Committee on Defense on Monday unanimously approved the three bills pertaining to tenures of services chiefs and chairman Joint Chiefs of Staff Committee.

Published 07 Jan, 2020 12:00am

Stocks

PSX receives heavy battering: BRIndex100 nosedives

Pakistan Stock Exchange Monday nosedived due to panic selling over the prevailing geo-political situation.

Published 07 Jan, 2020 12:00am

Top UK bosses earn annual average wage in days: research

By the end of Monday Britain's highest-paid bosses will have already pocketed the amount of money the nation's average worker will earn over the entire year, according to new research.

Published 07 Jan, 2020 12:00am

Commodities

Gold surges on Mideast risk but stocks pare losses

Gold prices shot to almost seven-year highs on Monday as a spike in US-Iranian tensions spurred demand for safe-haven assets and pushed a gauge of global equity markets lower, but shares on Wall Street rebounded on a less worrisome view of events.

Published 07 Jan, 2020 12:00am

Government urges US, Iran to ratchet down tensions

In the backdrop of heightened tension between the United States and Iran, Foreign Minister Shah Mahmood Qureshi on Monday said that Pakistan would not allow its soil to be used against any other country and maintains cordial relations with all the countri

Published 07 Jan, 2020 12:00am

Weinstein charged with sex crime

Los Angeles prosecutors indicted Harvey Weinstein on Monday on sex crime charges just hours after the former film producer appeared in a New York court for the start of his rape trial, which has become a focal point for the MeToo movement.

Published 07 Jan, 2020 12:00am

There must be no complacency towards FATF challenge: MoF

The Finance Ministry stated Monday that there would be serious implications on the country if Financial Action Task Force (FATF) action plan was not complied with, after Senate Standing Committee on Finance put off the approval of the proposed changes in

Published 07 Jan, 2020 12:00am

Rs 2 billion released for BRTS under PSDP

Federal Government released Rs 2 billion in the first six months of current financial year for Greenline Bus Rapid Transit System (BRTS), Karachi.

Published 07 Jan, 2020 12:00am

Pakistan rejects India's propaganda

Pakistan on Monday rejected the Indian government's fabricated propaganda about treatment of minorities in the country, saying these fabrications will in no way shield the Modi government from opprobrium by international community on its illegal actions i

Published 07 Jan, 2020 12:00am

Cut in import duty: FBR shatters MoI&P's mobile handset-making policy dream

The Federal Board of Revenue (FBR) is said to have shattered Ministry of Industries and Production's dream of domestic mobile handsets manufacturing policy by reducing duty on imported mobile phones without taking the stakeholders on board, well-informed

Published 07 Jan, 2020 12:00am

PM launches 'Zindagi'app to deal with drug abuse

Prime Minister Imran Khan Monday said the cancerous threats of drug and child abuse could not be defeated unless collective efforts were made by all strata of the society, and stressed upon wider and effective mass awareness in this regard.

Published 07 Jan, 2020 12:00am

Letters

Trump pushing US to WWIII

There was a sea of mourners in Iran's capital where Iran's leaders joined massive crowds for the funeral procession of Qassem Soleimani assassinated by the US. There is no doubt about the fact that the killing was the most dramatic escalation yet in spira

Published 07 Jan, 2020 12:00am

Articles

Fed focuses on repo market exit strategy after avoiding year-end crunch

Wall Street's worst fears of a year-end funding squeeze never materialized thanks in large part to the quarter-trillion dollars the Federal Reserve stuffed into the market to ensure nothing became gummed up.

Updated 08 Jan, 2020 05:40am

Articles

Prospect of US-Iran conflict threatens Gulf economies

Gulf economies, already strained by years of low oil prices, face a double-edged sword with the prospect of conflict with Iran increasing oil prices while also threatening exports.

Published 07 Jan, 2020 12:00am

Articles

Economic outlook for 2020

The single most important development in 2019 on the economic front was the entry by Pakistan into a three year Extended Facility with the IMF. The Program envisages very intensive and fast moves to achieve a big reduction in the current account deficit i

Published 07 Jan, 2020 12:00am

Growing challenge of worm infections among children

According to a joint survey recently conducted by the Ministry of National Health and the World Health Organization in 40 districts across the country, some 17 million children between the ages of five and 15 years are at the risk of catching soil-transmi

Updated 07 Jan, 2020 06:41am

Profound FATF challenge

The Federal Government and the SBP have been trying very hard to ensure that Pakistan's name is removed from the grey list of Financial Action Task Force (FATF). In order to expedite the process, the State Bank of Pakistan on the last day of 2019 issued a

Updated 07 Jan, 2020 06:41am

Taxes

Inter-corporate dividends: New tax law grants 100 percent exemption to group cos

The Tax Laws (Second Amendment) Ordinance 2019 has granted 100 percent exemption from tax on inter-corporate dividends to entities entitled to group relief, retrospectively from July 1, 2019.

Published 07 Jan, 2020 12:00am

Telecommunication

Jazz successfully conducts 5G trials

Jazz has successfully tested out the fifth generation of mobile technology. In its effort to lead the digitalization journey in Pakistan, the 5G trials of Jazz aimed to test the improvement in performance of the network as a result of this technology. Whe

Published 07 Jan, 2020 12:00am

Taxes

Regulating ATIR functioning: New law gives PM discretion to prescribe rules

The Prime Minister has been given discretion to prescribe rules to regulate the functioning of the benches and procedure of the Appellate Tribunal Inland Revenue under the Tax Laws (Second Amendment) Ordinance, 2019.

Published 07 Jan, 2020 12:00am

Condolence

President Hameed Haroon and Sarmad Ali, Secretary General, All Pakistan Newspapers Society (APNS) on behalf of the office-bearers and members of the Society have expressed profound grief over the sad demise of Muhammad Zulqarnain Sikandar, publisher of Da

Published 07 Jan, 2020 12:00am

'Sea Guardians-2020': 6th Pak-China joint naval exercise commences

Opening ceremony of sixth bilateral exercise Sea Guardians-2020 between Pakistan Navy and PLA (Navy) was held at Pakistan Navy Dockyard, Karachi.

Published 07 Jan, 2020 12:00am

Met Office sounds landslide alert in Balochistan

The Met Office on Monday issued weather warning following downpour with snowfall over northern Balochistan, alerting the citizens and authorities to land sliding and flash flooding in local streams. It said that scattered rains with a snowfall over the hi

Published 07 Jan, 2020 12:00am

Amendments to Army Act: PML-N team, Fazl discuss matters

A delegation of senior leaders of Pakistan Muslim League-Nawaz (PML-N) Monday called on Jamiat Ulema-e-Islam (JUI-F) Emir Maulana Fazlur Rehman to discuss matters related to amendment to the Army Act.

Published 07 Jan, 2020 12:00am

NA passes Mutual Legal Assistance (Criminal Matters) Bill 2019

The National Assembly on Monday passed "The Mutual Legal Assistance (Criminal Matters) Bill, 2019" for providing legal support to the requesting state (foreign country) by executing necessary actions on its territory in criminal cases warranting shared as

Published 07 Jan, 2020 12:00am

Energy

PM's special assistant on petroleum rejects Sindh government's argument on provincial resources

The federal government will take up the weighted average of gas and rights of provinces under Article 158 and 18th constitutional amendment to the Council of Common Interests (CCI).

Published 07 Jan, 2020 12:00am

UBG extends support to newly-elected FPCCI body

Spokesman of United Business Group (UBG) Gulzar Firoz has said that the group in principle supports newly elected body of Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and President of the Federation Anjum Nisai.

Published 07 Jan, 2020 12:00am

Warm garment's demand up

After the weather turned a bit chilly in city demand of new and second-hand jackets, groves, mufflers and caps used by people and motorcycle riders registered tremendous increase in last few days. Especially traders of second hand warm clothes are doing b

Published 07 Jan, 2020 12:00am

Money & Banking

Q1FY20 period: Domestic debt grows four times higher than in Q1FY19: SBP

The pace of domestic debt accumulation accelerated sharply to Rs 1.9 trillion during the first quarter (Jul-Sep) of this fiscal year (FY20). The increase was almost four times higher than in Q1FY19.

Published 07 Jan, 2020 12:00am

Taxes

Rs 10.836 billion customs duty collected at Jinnah Airport

The newly established Model Customs Collectorate at Jinnah International Airport, Karachi, has collected customs duty amounting to Rs 10.836 billion as against the target of Rs 10.254 billion, depicting over 6 percent growth during the first six months of

Published 07 Jan, 2020 12:00am

'Right of Access to Information Act': Citizens can get information from government for free

"Right of Access to Information Act" provides opportunities to the citizens to get information from the government without any cost. Under this act citizens can submit an application to get information from public bodies/government departments even on a p

Published 07 Jan, 2020 12:00am

Locust challenge in Thar: Murad urges Chinese CG to help arrange aircraft

Sindh Chief Minister Syed Murad Ali Shah has directed agriculture department to hire few latest aircraft to spray locust swarms in desert areas of the province so that they could be killed before start of their breeding.

Published 07 Jan, 2020 12:00am

Money & Banking

Joining GVCs to put exports on path to growth: SBP

The State Bank of Pakistan (SBP) Monday said that increasing participation in the Global Value Chains (GVCs) would not only align the country's product mix with trends in global demand, but also put the exports on a sustainable growth path.

Published 07 Jan, 2020 12:00am

Money & Banking

C/A deficit to be 1.5-2.5pc of GDP in FY20: SBP

The State Bank of Pakistan (SBP) has estimated that the current account deficit (CAD) for FY20 is likely to stay within the range of 1.5-2.5 percent of GDP. According to SBP report "The State of Pakistan's Economy" for first quarter (July-Sep) of FY20, is

Published 07 Jan, 2020 12:00am

Entry of motorbikes on motorways: SC rejects NH&MP's plea against IHC order

The Supreme Court on Monday rejected the National Highway and Motorways Police (NH&MP) plea to suspend Islamabad High Court's (IHC) order that allowed entry of motorbikes on motorways. The Islamabad High Court (IHC) on 10-12-2019 approved the admission of

Published 07 Jan, 2020 12:00am

Taxes

Seizure of smuggled NCP vehicles: FTO to take up suo motu case against FBR field formations

Federal Tax Ombudsman (FTO) has decided a suo motu case against irregularities of Federal Board of Revenue's (FBR) field formations in making seizure of smuggled non-customs paid (NCP) vehicles, determination of assessable value and conduction of auction

Published 07 Jan, 2020 12:00am

Energy

Construction of gas pipeline: Omer complains about Sindh government's lack of cooperation

Minister for Petroleum Omar Ayub Khan has informed the Senate Standing Committee on Petroleum on Monday that the federal government has written letters to the provincial government of Sindh eight times for construction of 125 km gas pipeline to meet gas d

Published 07 Jan, 2020 12:00am

IT & Computers

Efforts being made to promote IT exports

On the directions of the Federal Minister for Information Technology and Telecommunication, special efforts are being taken by the Ministry of IT and Telecommunication to promote IT exports and encourage IT companies.

Published 07 Jan, 2020 12:00am

Transit trade: DG Trade will be empowered to carry out end-to-end operations

The Federal Board of Revenue (FBR) will fully empower Directorate General of Transit Trade for carrying out end-to-end operations of transit trade including cargo transportation, en-route monitoring and enforcement and border terminal operations.

Published 07 Jan, 2020 12:00am

Regional Tax Offices: FCCI chief welcomes establishment of 'Help Desks'

Rana Sikandar-e-Azam Khan President Faisalabad Chamber of Commerce & Industry (FCCI) has welcomed the establishment of "Help Desks" in all Regional Tax Offices (RTO) across the country including Faisalabad for the immediate payment of refund claims.

Published 07 Jan, 2020 12:00am

Financial inclusion of SMEs: Karandaaz envisages three major investment programmes

Karandaaz Pakistan envisaged three major investment programs for financial inclusion of small medium enterprises (SMEs) that would result in crowding of private sector investment and employment generation, said Navid Goraya, Chief Investment Officer Karan

Published 07 Jan, 2020 12:00am

Seminar on 'POS Integration System' held

A seminar on "Point of Sales (POS) Integration of Tier-1 Retailers, jointly organized by the Lahore Chamber of Commerce & Industry and Federal Board of Revenue here on Monday.

Published 07 Jan, 2020 12:00am

Corruption charges: Federal government says will take action against KP food minister

The federal government on Monday announced to take action against KP Minister for Food Qalandar Khan Lodhi as a Pakistan Tehreek-e-Insaf (PTI) Senator Aurangzeb Khan, in his testimony before a Senate committee alleged that rampant corruption in different

Published 07 Jan, 2020 12:00am

Anchorperson seeks registration of FIR against Fawad Chaudhry

TV anchorperson Mubasher Lucman has approached the Model Town police, seeking registration of a First Information Report (FIR) against Federal Minister for Science and Technology Fawad Chaudhry and his private guards for subjecting him to severe violence

Published 07 Jan, 2020 12:00am

Taxes

Garment exporters want ST refunds in 72 hours

The Pakistan Readymade Garments Manufacturers and Exporters Association (NZ) Chairman Sohail A Sheikh has expressed his concern over the performance of the Federal Board of Revenue's newly-launched Fully Automated Sales Tax e-Refund (FASTER) System as the

Published 07 Jan, 2020 12:00am

Punjab Governor urges UNO to help defuse US-Iran tension

Punjab Governor Chaudhry Mohammad Sarwar on Monday said that the United Nations Organization (UNO) and Muslim Ummah must apply minds to avert US-Iran war, as it will be more destructive than Iraq war. The hysteria of war must be given an end and whatever

Published 07 Jan, 2020 12:00am

CS directs officers to hold 'open courts' regularly

Chief Secretary Punjab Azam Suleman Khan on Monday issued instructions to the administrative officers of Sargodha division to hold open courts regularly, so that peoples' problems could be resolved on the spot.

Published 07 Jan, 2020 12:00am

PKM welcomes government's 'agri emergency programme'

Pakistan Kissan Movement (PKM) welcomed the announcement by the government to give agricultural implements to growers under the Prime Minister's Agricultural Emergency Programme and called for benefiting genuine farmers instead of influential in the garb

Published 07 Jan, 2020 12:00am

Money & Banking

Askari Bank signs MoU with Majestic Lounge

Askari Bank Limited (AKBL) and Majestic Lounge signed an agreement for International Lounge Facility which will allow Askari World, Corporate, Platinum and Gold Mastercard Credit Card customers access to Majestic Lounges at Jinnah International Airport, K

Published 07 Jan, 2020 12:00am

Government committed to uplifting agri sector: minister

Punjab Agriculture Minister Malik Nauman Ahmad Langrial has said that the government was committed to uplift agriculture sector and resolve the problems of farming community.

Published 07 Jan, 2020 12:00am

Buzdar 'highlights' government's performance

Chief Minister Punjab Sardar Usman Buzdar Monday said that Pakistan Tehreek-e-Insaf (PTI) is taking the country in right direction as its focus is on the country's progress and prosperity.

Published 07 Jan, 2020 12:00am

FatimaFert & Agritech: Suspension of gas supply may cause urea shortages

Suspension of natural gas supply to FatimaFert and Agritech, since December 2019, may lead to shortage of urea in the country, huge imports by spending precious foreign exchange and subsidy on imported urea.

Published 07 Jan, 2020 12:00am

Telecommunication

Realme celebrates its first anniversary

Realme Pakistan, a leading smartphone brand, celebrates its first anniversary; the brand arrived in Pakistan last year on January 2, 2019, with Realme 2 Pro and Realme C1 launch.

Published 07 Jan, 2020 12:00am

Articles

Partly Facetious : PM wants positive narrative

"When you are the head of government you can change the narrative."

Published 07 Jan, 2020 12:00am

Birthday of Sikh Guru: Magnificent ceremony negates India's propaganda: Firdous

Special Assistant to Prime Minister on Information and Broadcasting Dr Firdous Ashiq Awan said on Monday that magnificent ceremony at Kartarpur to mark birth anniversary of tenth Guru Gobind Singh of Sikh faith had

Published 07 Jan, 2020 12:00am

Civic issues: Karachi mayor criticised Sindh government

Mayor Karachi Wasim Akhtar on Monday said 18th Amendment in the constitution created 'a state within a state'. The Sindh government had withheld all powers and the authority of a councilor was being encroached upon by a provincial minister. Mega projects

Published 07 Jan, 2020 12:00am

NSCCP scam: Physical remand of Ahsan extended till 13th

The Accountability Court on Monday extended physical remand of senior leader of Pakistan Muslim League-Nawaz (PML-N) and former interior minister Ahsan Iqbal in Narowal Sport City Complex Project (NSCCP) scam till January 13.

Published 07 Jan, 2020 12:00am

Goods transporters go on strike

Goods transporters on Monday went on strike for indefinite period and demanded Prime Minister Imran Khan to remove Murad Saeed as federal minister for communication.

Published 07 Jan, 2020 12:00am

'IFN Pakistan Forum 2019' held

RedMoney Group, a global provider of specialized Islamic Financial media services, hosted an event titled, "IFN Pakistan Forum 2019" in Karachi. Pak-Qatar Takaful proudly participated at the event.

Published 07 Jan, 2020 12:00am

KU announces admission lists

The Director Admissions University of Karachi Dr Saima Akhtar announced the admission lists of Evening program bachelors, masters and postgraduate admissions 2020.

Published 07 Jan, 2020 12:00am

Launch of magazine, directory: KU VC heaps praise on students

University of Karachi Vice Chancellor Professor Dr Khalid Mahmood Iraqi launched Farmacia Magazine and the Graduate Directory of PharmD graduates for the year 2020 at the Pharmacy Auditorium of KU, on Monday.

Published 07 Jan, 2020 12:00am

Army Act amendment bill: Government responsible for delay in passage: Abbasi

Former prime minister Shahid Khaqan Abbasi on Monday held the government responsible for delay in passage of the amendment to the Pakistan Army Act.

Published 07 Jan, 2020 12:00am

Taxes

'Anomalies' in 2nd Tax Laws Amendment Ord 2019: KTBA sends letter to FBR

A registered manufacturer cannot make sales worth more than Rs10 million to even Federal Board of Revenue (FBR) as if it does, input tax will be disallowed, following the serious glitches in 2nd Tax Laws Amendment Ordinance, 2019.

Published 07 Jan, 2020 12:00am

Steps taken to improve tourism, aviation sectors: minister

The government has taken steps to improve economy as well as tourism and aviation sectors.

Published 07 Jan, 2020 12:00am

IBA CEIF holds introductory course on Islamic Finance

IBA CEIF successfully conducted a one-day introductory course on Islamic Finance at IBA City Campus which was attended by students of various institutions, faculty members of IBA, Ulemas as well as professionals.

Published 07 Jan, 2020 12:00am

KP Assembly opens debate on NFC Award

The Khyber Pakhtunkhwa Assembly on Monday opened discussion on National Finance Commission (NFC) Award after adopting a joint adjournment motion moved by Opposition leader Akram Khan Durrani, MMA's Inayatullah, ANP Sardar Hussain Babak, PML-N Aurangzeb Na

Published 07 Jan, 2020 12:00am

Energy

Oil refineries urge Senate body to help avert looming FFO crisis

Local refineries have approached the Senate Standing Committee on Petroleum in a bid to avert the furnace fuel oil (FFO) crisis looming in the country after the government as a policy decision refused to lift the FFO for power sector.

Published 07 Jan, 2020 12:00am

Brief Recordings

Tariq Glass Industries Limited

Tariq Glass Industries Limited (PSX: TGL) was established in 1978 and became a public limited company in 1980. It is essentially engaged in the production of tableware and float glass currently, whereas opal glass will be introduced soon. Within tableware

Updated 07 Jan, 2020 06:37am

Fire-hit Australia gets $1.4 billion recovery fund as troops deployed

Reserve troops fanned out across fire-ravaged regions in three Australian states on Monday after a horror weekend, as the government pledged $1.4 billion over two years to help recover from the devastating months-long crisis.

Published 07 Jan, 2020 12:00am

Climate protesters mount gas rig in Scotland

Climate activists from protest group Extinction Rebellion on Monday climbed aboard a gas rig in the Scottish city of Dundee in a bid to stop it from being transported to the North Sea. Extinction Rebellion Scotland confirmed that three of its supporters b

Published 07 Jan, 2020 12:00am

Mass snow wedding and crystal towers at China's ice fest

China's annual ice festival in Harbin has kicked off with couples lining up for a snow-themed mass wedding, swimmers braving frigid waters and frozen palaces rising from the ground. Fireworks marked the festival's opening on Sunday night as tourists wande

Published 07 Jan, 2020 12:00am

Quake rattles Puerto Rico

A 5.8-magnitude earthquake shook Puerto Rico Monday, toppling houses and causing power outages and small landslides but there were no reports of casualties, the US Geological Survey said. The quake, just off the US territory's southern Caribbean coastline

Published 07 Jan, 2020 12:00am

University rampage sparks new protests across India

Protests were held across India Monday after masked assailants wielding batons and iron rods went on a rampage at a top Delhi university, leaving more than two dozen injured.

Published 07 Jan, 2020 12:00am

Israel approves more than 1,900 new settler homes: NGO

Israel has approved the construction of 1,936 new settler homes on occupied Palestinian territories, watchdog Peace Now said Monday. The green light was given on Sunday and Monday, Peace Now said, adding that 89 percent of the new homes will be erected in

Published 07 Jan, 2020 12:00am

UK protesters rally against teen's conviction

Dozens of people demonstrated in London on Monday to call on the government to help a young British woman convicted in Cyprus of fabricating rape charges against Israeli tourists.

Published 07 Jan, 2020 12:00am

Moscow says Iran nuclear deal must remain 'priority' for all sides

Moscow on Monday urged parties to the Iran nuclear deal to treat salvaging the agreement as a "priority", calling on European partners to fulfil their obligations to ensure Iran stays committed to the accord.

Published 07 Jan, 2020 12:00am

NATO tells Iran to avoid 'further provocations'

Tehran should avoid "further violence and provocations", NATO chief Jens Stoltenberg warned Monday, as tensions mount in the Middle East after US forces killed a top Iranian general. The warning came as the EU called an extraordinary meeting of foreign mi

Published 07 Jan, 2020 12:00am

Yemenis protest in Huthi-held Sanaa

Hundreds of Yemenis took part Monday in a protest in Sanaa called by Tehran-backed Huthi rebels to vent anger over the US assassination of Iranian commander Qasem Soleimani.

Published 07 Jan, 2020 12:00am

US slams Russia, China at UN for failure to condemn embassy attack

The United States on Monday slammed Russia and China for their failure to condemn an attack last week on its Baghdad embassy by pro-Iranian demonstrators. While congratulating the 27 of the 193 member nations that did issue statements condemning the Decem

Published 07 Jan, 2020 12:00am

Supreme leader emotional as Iran mourns top general

Iran's supreme leader fought back tears Monday as a sea of black-clad mourners paid homage to the top commander killed in last week's US drone strike that inflamed tensions across the Middle East.

Published 07 Jan, 2020 12:00am

Money & Banking

State banks help steady Turkish lira

The Turkish lira was flat on Monday despite another jump in oil prices, and three traders said state banks were again selling dollars to support the currency through market turbulence after the US killing of a top Iranian commander.

Published 07 Jan, 2020 12:00am

Money & Banking

Yen hits three-month high in Asia

The safe-haven yen touched a three-month high on Monday and gold jumped as investors fretted that the killing of Iran's most prominent military commander by the United States could trigger a broader Middle East conflict.

Published 07 Jan, 2020 12:00am

Money & Banking

Early trade in New York: Yen, Swiss franc rise

The safe-haven yen and Swiss franc rose against the dollar on Monday on worries about a broader escalation of conflict in the Middle East after the United States killed Iran's most prominent military commander.

Published 07 Jan, 2020 12:00am

Money & Banking

Safe-haven currencies in demand in Europe

The yen and other safe-haven currencies were in demand on Monday, along with assets such as gold, as investors fretted that the killing of Iran's most prominent military commander by the United States could trigger a broader Middle East conflict.

Published 07 Jan, 2020 12:00am

Money & Banking

Forint, crown give back gains

Hungary's forint retreated to a key level against the euro on Monday as central Europe's currencies gave up some recent gains amid growing US-Iranian tensions that hit sentiment in the region.

Published 07 Jan, 2020 12:00am

Money & Banking

Most Asian currencies under pressure

Most Asian currencies weakened on Monday as risk appetite in the region was dented further, with heightened tensions between the United States and Iran sending crude oil and safe-haven gold prices higher.

Published 07 Jan, 2020 12:00am

Money & Banking

South Africa's rand edges up

South Africa's rand rebounded slightly in late trade on Monday after a steep fall last week, joining some other emerging market currencies in paring some losses even as Iran and the United States traded threats.

Published 07 Jan, 2020 12:00am

Money & Banking

Sterling rebounds on business surveys, weaker dollar

Sterling rebounded on Monday as investors who had sold the currency for safe havens after the United States killed Iran's top military commander returned to the pound.

Published 07 Jan, 2020 12:00am

Money & Banking

Aussie, kiwi hamstrung by troubles at home and abroad

The Australian and New Zealand dollars looked vulnerable on Monday as mounting tensions in the Middle East favoured safe-haven assets, while Australia's economy suffered with the drag from natural disasters at home.

Published 07 Jan, 2020 12:00am

Cricket

Australia crush New Zealand to sweep series

Nathan Lyon captured five for 50 and 10 match wickets as Australia crushed New Zealand by 279 runs on Monday, capping a golden domestic summer as they swept the three-Test series.

Published 07 Jan, 2020 12:00am

Cricket

Fourth term fitness tests of centrally contracted players start

A two-day fourth term fitness tests of the centrally contracted players has been started here at the National Cricket Academy on Monday.

Published 07 Jan, 2020 12:00am

Cricket

OGDCL beat APL in OGCC tournament

Oil & Gas Development Company Limited (OGDCL) won the toss and elected to bat first. The start was not good for the team and it lost quick wickets in the first 10 overs. Waqar Shah along with Jamshed and Azhar helped the team to post a defendable total on

Published 07 Jan, 2020 12:00am

Other

BN Polo Team win Diamond Paints Cup for Champions Trophy 2020

Eulogio Celestino struck all the eight goals to steer the BN Polo Team to a close 8-7 title victory against FG Polo Team in the final of the Diamond Paints Polo Cup for Champions Trophy 2020 played here at the Lahore Polo Club ground.

Published 07 Jan, 2020 12:00am

Cricket

Sarfaraz meets Pakistan U-19 World Cup squad

Sarfaraz Ahmed, the skipper of the Pakistan side which lifted the ICC Under-19 Cricket World Cup in 2006, made a visit to the ongoing Pakistan Under-19 camp, here at the National Cricket Academy on Monday and shared his experience of playing the biggest a

Published 07 Jan, 2020 12:00am

Cricket

S Africa defiant after Stokes show

Ben Stokes launched an astonishing assault which enabled England to give themselves plenty of time to push for victory, but the tourists had to work hard to take two South African wickets before the close on the fourth day of the second Test at Newlands o

Published 07 Jan, 2020 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 21	278.03
USD PKR Interbank Buying / Nov 21	277.78
USD to Japanese Yen / Nov 21	154.92
USD to Swiss Franc / Nov 21	0.88
Pound Sterling to USD / Nov 21	1.26
Euro to USD / Nov 21	1.05

Stock	Volume
S&P 500 / Nov 20	5,917.11
Nasdaq / Nov 20	18,966.14
Dow Jones / Nov 20	43,408.47
India Sensex / Nov 21	77,137.20
Tokyo Nikkei / Nov 21	38,026.17
Hang Seng / Nov 21	19,620.49
FTSE 100 / Nov 21	8,069.57
Germany DAX 30 / Nov 21	18,942.65

Item	Value
Petrol/Litre / Nov 21	248.38
Crude Oil USD/Barrel / Nov 21	69.38
Karachi Cotton PKR/37.32 KG / Nov 21	17,785
Gold 10 Grams PKR / Nov 21	238,340
Gold Spot USD/Ounce / Nov 21	2,662.71
Diesel/Litre / Nov 21	255.14

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 21 786 Investments Limited(786)	7.11 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 21 Al-Abbas Sugar Mills Limited(AABS)	611.40 ▼ 0.00 (0.00%)
Agro Allianz / Nov 21 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 21 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 21 Ali Asghar Textile Mills Limited(AATM)	63.60 ▼ 0.00 (0.00%)
Allied Bank / Nov 21 Allied Bank Limited(ABL)	114.42 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 21 Abbott Laboratories (Pakistan) Limited(ABOT)	1,048.22 ▼ 0.00 (0.00%)
Abson Ind. / Nov 21 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 21 Alfalah Consumer Index ETF.(ACIETF)	12.32 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 21 786 Investments Limited(786)	7.11 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 21 Al-Abbas Sugar Mills Limited(AABS)	611.40 ▲ 0.00 (0.00%)
Agro Allianz / Nov 21 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 21 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 21 Ali Asghar Textile Mills Limited(AATM)	63.60 ▲ 0.00 (0.00%)
Allied Bank / Nov 21 Allied Bank Limited(ABL)	114.42 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 21 Abbott Laboratories (Pakistan) Limited(ABOT)	1,048.22 ▲ 0.00 (0.00%)
Abson Ind. / Nov 21 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 21 Alfalah Consumer Index ETF.(ACIETF)	12.32 ▲ 0.00 (0.00%)

Stock	Volume
K-Electric Ltd. / Nov 21 K-Electric Limited(KEL)	174,389,145 ▲ 0.00
Hascol Petrol / Nov 21 Hascol Petroleum Limited(HASCOL)	63,973,243 ▲ 0.00
Kohinoor Spining / Nov 21 Kohinoor Spinning Mills Limited(KOSM)	62,996,737 ▲ 0.00
Aisha Steel Mill / Nov 21 Aisha Steel Mills Limited(ASL)	48,137,561 ▲ 0.00
Waves Home Appliances / Nov 21 Waves Home Appliances Limited(WAVESAPP)	43,506,391 ▲ 0.00
Lotte Chemical / Nov 21 Lotte Chemical Pakistan Limited(LOTCHEM)	40,852,960 ▲ 0.00
Telecard Limited / Nov 21 Telecard Limited(TELE)	36,937,252 ▲ 0.00
Cnergyico PK / Nov 21 Cnergyico PK Limited(CNERGY)	31,401,025 ▲ 0.00
WorldCall Telecom / Nov 21 Worldcall Telecom Limited(WTL)	31,346,592 ▲ 0.00

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