News Archives for Print - 2020-01-09

Print - 2020-01-09

1US$ will be equal to Rs 172 by year's end, Nepra told

National Electric Power Regulatory Authority (Nepra) was apprised on Wednesday that US 1$ will be equal to Rs 170-172 by the end of the current year as per International Monetary Fund's (IMF's) and State Bank of Pakistan's (SBP's ) foreign exchange forwa

Published 09 Jan, 2020 12:00am

Fiscal deficit: Government intends to borrow Rs 2.95 trillion in 1QCY20

The federal government plans to borrow some Rs 2.9 trillion from domestic banking system during the first quarter (Jan-Mar) of this year (CY20) to meet fiscal deficit.

Published 09 Jan, 2020 12:00am

Liquidity position: Lend PSO a helping hand, ECC asks MoF

The Economic Coordination Committee (ECC) of the Cabinet Wednesday directed the Ministry of Finance to explore all possibilities for improving the liquidity position of Pakistan State Oil (PSO) whose exchange losses have soared to around Rs 28 billion on

Published 09 Jan, 2020 12:00am

Stocks

PSX under the hammering belt: BRIndex100 sheds more weight

Pakistan Stock Exchange Wednesday witnessed a bearish trend due to panic selling after Iran's missile attack on US-led forces in Iraq.

Published 09 Jan, 2020 12:00am

Millions strike in protest at Indian government policies

Millions went on strike throughout India on Wednesday, unions said, as workers angry at the government's labour policies brought travel chaos across the country.

Published 09 Jan, 2020 12:00am

Turkey, Russia launch TurkStream pipeline carrying gas to Europe

The presidents of Turkey and Russia on Wednesday formally launched the TurkStream pipeline which will carry Russian natural gas to southern Europe through Turkey, part of Moscow's efforts to reduce shipments via Ukraine. The pipeline project, stretching 9

Published 09 Jan, 2020 12:00am

Shortage of energy, gas supplies: CCoE seeks detailed plan from ministry

The Cabinet Committee on Energy (CCoE) has sought a detailed plan from the Ministry of Energy with regard to dealing the shortage of energy and improving gas supplies throughout the year.

Published 09 Jan, 2020 12:00am

Three government bills passed by Senate

The Upper House of the Parliament on Wednesday passed the three government bills to "specify the tenure and the terms and conditions of service" of the three services chiefs and chairman Joint Chiefs of Staff Committee.

Published 09 Jan, 2020 12:00am

PM vows not to be part of any conflict in Gulf

Pakistan has decided to play its role in de-escalation of tension between the United States and Iran by sending Foreign Minister Shah Mehmood Qureshi to Washington, Tehran and Saudi Arabia with a view to call upon the parties to exercise retrain and resol

Published 09 Jan, 2020 12:00am

Esper, COAS discuss ME security

United States Secretary of Defense Dr Mark T Esper on Wednesday telephoned Chief of Army Staff (COAS) General Qamar Javed Bajwa to discuss recent escalation in tension in the Middle East.

Published 09 Jan, 2020 12:00am

Iran attacks bases housing US troops in Iraq: Trump says no casualties, signals desire for peace

President Donald Trump said on Wednesday the United States did not necessarily have to use its military power against Iran, in an apparent attempt to defuse a crisis over the American killing of Iranian military commander Qassem Soleimani.

Published 09 Jan, 2020 12:00am

Inquiry against taxmen: FBR inaction annoys SC

The Supreme Court Wednesday expressed annoyance over the Federal Board of Revenue (FBR) for its failure to implement its order regarding initiation of regular inquiry against its officials allegedly involved in issuance of refund vouchers to some companie

Published 09 Jan, 2020 12:00am

LHC full bench to take up Musharraf's case today

A full bench of the Lahore High Court will proceed with three civil miscellaneous applications by convicted former president Gen Pervez Musharraf (retired) in high treason case Thursday challenging formation of the trial court and filing of the complaint

Published 09 Jan, 2020 12:00am

CCP should focus on market study of e-commerce: report

The Competition Commission of Pakistan (CCP) should focus on market study of e-commerce to check any anti-competitive practices and consumer protection in the fast-growing e-commerce and examine the report titled "Market Study on e-commerce in India" issu

Published 09 Jan, 2020 12:00am

Ukraine passenger jet crashes in Iran killing all 176 on board

A Ukrainian airliner crashed shortly after take-off from Tehran on Wednesday, killing all 176 people on board and sparking an international scramble to establish the cause.

Published 09 Jan, 2020 12:00am

Trump viewed negatively around the world: Pew survey

President Donald Trump is viewed negatively by the public in many countries, but the image of the US itself is generally favorable, according to a survey published on Wednesday by the Pew Research Center.

Published 09 Jan, 2020 12:00am

Nausheen gets charge as FBR chief goes on sick leave

Federal Board of Revenue (FBR) Chairman Shabbar Zaidi has gone on sick leave from January 6 to January 19, 2020.

Published 09 Jan, 2020 12:00am

Containers sans international specifications: No transit movement of Afghan exports goods from February 1: DGTT

Pakistan will not allow the transit movement of exports goods from Afghanistan in containers, lacking international specifications from February 1, 2020.

Published 09 Jan, 2020 12:00am

Rs 7 billion USC package to ensure relief to low income classes: PM

Prime Minister Imran Khan Wednesday said the government's relief package of Rs 7 billion was aimed at providing basic food items and commodities to salaried and low and middle income groups at subsidized rates through the country's 4000 outlets of the Uti

Published 09 Jan, 2020 12:00am

Gold price up by Rs 900

Gold price on Wednesday surged to Rs93,000 per tola, up by Rs900 in a single day trading on the local market, traders said.

Published 09 Jan, 2020 12:00am

Export figures: Ministry says it's 'not in state of shock'

The Ministry of Commerce would like to clarify its position with reference to a misleading news item titled "Ministry in State of Shock" published in the daily Business Recorder on 8th January 2020.

Published 09 Jan, 2020 12:00am

Letters

'Unconstitutional' taxation by provinces: SRB's response

I have read with great interest the article '"Unconstitutional' taxation by provinces" carried by the newspaper on Jan 3, 2020. The learned writers have chosen to express themselves in a rather pronounced tone on an issue that deserves circumspect and car

Published 09 Jan, 2020 12:00am

Articles

Foreign firms wary as China launches investment law

Accustomed to unfulfilled promises from the Chinese government, foreign businesses are keeping a wary eye on a nascent law aimed at addressing their long-standing grievances about unfair treatment in the world's second largest economy.

Published 09 Jan, 2020 12:00am

Articles

Reforming FBR

It comes as no surprise that the Federal Board of Revenue (FBR) is in need of serious reform. However, the means of going about the said reform require pondering and speculation. Pakistan's tax problems are often lamented, but without attempting to truly

Published 09 Jan, 2020 12:00am

Articles

Islamabad: is the fog lifting?

Is it for real? Does 2020 promise the tabdeeli we had all given up on? Well, not quite the tabdeeli that was made a song and dance of around the container, but sleeping with the enemy one. Suddenly, the screams of thieves and dacoits from one side and sho

Published 09 Jan, 2020 12:00am

NAB's questionable practice

The National Accountably Bureau's (NAB's) practice of arresting suspects first and looking for evidence later came into question during a hearing by a Supreme Court bench of a bail application moved by a private citizen accused of fraud. Raising a common

Updated 09 Jan, 2020 06:52am

SBP lays emphasis on reform process

State Bank of Pakistan's (SBP's) first quarterly report for the period July-September, 2019, released on 6th January, 2020 contains a comprehensive view of Pakistan's economy together with its prospects for the remaining part of the current fiscal. A dist

Updated 09 Jan, 2020 06:51am

Military-related bills: National interest strengthened by democratic forces: Shibli

The ruling Pakistan Tehreek-e-Insaf (PTI) on Wednesday said that democratic forces strengthened the national interest by casting their votes in favor of the bills pertaining to tenures of services chiefs and chairman Joint Chief of Staff Committee.

Published 09 Jan, 2020 12:00am

IHC reserves verdict in PMDC dissolution case

The Islamabad High Court (IHC) on Wednesday reserved verdict in a petition challenging dissolution of the Pakistan Medical and Dental Council (PMDC).

Published 09 Jan, 2020 12:00am

KP governor administers oath to two more ministers

KP Governor Shah Farman administered oath to newly included members of Khyber Pakhtunkhwa cabinet here at Governor's House on Wednesday. Governor Khyber Pakhtunkhwa Shah Farman administered oath to the members of newly elected cabinet of KP during an impr

Published 09 Jan, 2020 12:00am

Sindh governor stripped of power to appoint ombudsman

A new legislation by the Sindh Assembly on Wednesday divested the Governor Sindh of its powers to appoint ombudsman, as a bill was amended to authorise the Chief Minister Sindh instead.

Published 09 Jan, 2020 12:00am

Energy

Government okays formula for equal distribution of LPG allocation

The federal government has approved the equal distribution formula of LPG allocation in a bid to provide relief in commercial and domestic LPG cylinder prices.

Published 09 Jan, 2020 12:00am

PAC asks NAB to present record of 10 inquiries

A subcommittee of the Public Accounts Committee (PAC) Wednesday directed the chairman National Accountability Bureau (NAB) to present the details of the inquiries forwarded by the panel to the bureau over the past one-and-a-half-year.

Published 09 Jan, 2020 12:00am

Transporters' strike casts negative impact on exports

The ongoing strike by the transport sector is hurting the country's exports as no empty containers are available in upcountry for export of goods.

Published 09 Jan, 2020 12:00am

Ghani accuses Sania of harming 800,000 people linked to BISP

Sindh Minister for Information and Labour Saeed Ghani has said that Special Assistant to Prime Minister on Social Protection and Poverty Alleviation Dr Sania Nishtar planned to inflict harm on 800,000 deserving people linked to Benazir Income Support. Sae

Published 09 Jan, 2020 12:00am

Goods transporters' strike enters into third consecutive day

The goods transporters' strike on Wednesday entered into third day, halting all movement of cargos across the country that left the trade with an additional financial burden of over Rs 350 million approximately in terms of shipping charges.

Published 09 Jan, 2020 12:00am

Pak-Turk Maarif delegation visits KU

A five member delegation of the Pak-Turk Maarif International visited the University of Karachi on Wednesday to discuss the possibilities of collaboration in the education sector to further strengthen the bilateral relationships between Turkey and Pakista

Published 09 Jan, 2020 12:00am

Government to build three jetties & set up eight hatcheries under GLLSP

The government will construct three jetties, establish eight hatcheries and eighty commercial net cultures under Gwadar-Lasbella Livelihood Support Project-II (GLLSP-II).

Published 09 Jan, 2020 12:00am

Moot on 'Global popularity of alternative medicine' begins today

Hamdard Pakistan will hold a 3-day 5th international conference on "Global popularity of alternative medicine, responsibilities and challenges" from Thursday January 9 to 11, 2020 at Bait al-Hikmah, Hamdard University, Madinat al-Hikmah, Karachi on the oc

Published 09 Jan, 2020 12:00am

Seminar on 'How to be successful in business' held at LCCI

Starting a business and commitment to its success is not only a victory of a businessman but is also a great service to the country as it generates revenue for the state and produces employment opportunities.

Published 09 Jan, 2020 12:00am

Country needs certified nurseries for fruit saplings: BMP SG

Secretary General (Federal) of the Businessmen Panel (BMP), Ahmad Jawad has said country needs certified nurseries for fruit saplings to not only improve fruit yield but also clinch competitive costs for its products in the international market.

Published 09 Jan, 2020 12:00am

Energy

Sindh's energy department seeks PPP's help to end gas crisis

Energy Department Sindh has sought Pakistan Peoples Party (PPP) leadership's intervention to end the existing gas crisis being faced by the consumers across the province.

Published 09 Jan, 2020 12:00am

Around 2,543 government officers benefited from BISP, claims Fawad

Minister for Science and Technology Fawad Chaudhry has criticised around 2,543 government officers of BSP 17-21 who benefited from the Benazir Income Support Program (BISP), saying they should be ashamed.

Published 09 Jan, 2020 12:00am

PM lauds IG Punjab

Prime Minister Imran Khan on Wednesday congratulated Inspector General Punjab Shoaib Dastgir and the Punjab Police for successfully going after hardened criminals in the province.

Published 09 Jan, 2020 12:00am

Government dealing effectively with economic crisis: CEO IPR

Humayun Akhter Khan, CEO IPR in his opening speech thanked the speakers and said that China has been Pakistan's close partner and our recent economic cooperation through CPEC platform has brought great value. Our partnership is not at the expense of our t

Published 09 Jan, 2020 12:00am

Telecommunication

'Advisory Committee for 5G Planning' formed to define roadmap

The Ministry of Information Technology and Telecommunication (MoITT) has constituted Advisory Committee for 5G Planning in Pakistan (5G Pakistan Plan Committee) to define a roadmap and finalize recommendations for 5G technology readiness in the country.

Published 09 Jan, 2020 12:00am

GCU Lahore playing vital role in promoting Punjab's culture: VC

Vice Chancellor Professor Dr Asghar Zaidi has said that that the Government College University (GCU) Lahore has played a vital role in promotion of culture and literature of Punjab and overall socio-economic development of Pakistan; its decades-old effect

Published 09 Jan, 2020 12:00am

Afghan refugees, Pak communities: UNHCR, PPAF launch livelihood project

UNHCR, the UN Refugee Agency and the Pakistan Poverty Alleviation Fund (PPAF) on Wednesday launched a livelihood project aimed at providing sustainable livelihood opportunities for both Afghan refugees and Pakistani communities.

Published 09 Jan, 2020 12:00am

LHC to take up Maryam's petition on January 15

A division bench of the Lahore High Court headed by Justice Muhammad Tariq Abbasi will proceed with a petition of Maryam Nawaz for removal of her name from Exit Control List (ECL) and a one-time permission to travel abroad on January 15.

Published 09 Jan, 2020 12:00am

Taxes

Annex-H (stock statement): FBR sets up help desk to facilitate exporters

The Federal Board of Revenue (FBR) has established help desk for resolving grievances of exporters for filing of Annex-H (stock statement) of the sales tax return for claiming refunds under the FASTER system.

Published 09 Jan, 2020 12:00am

PARC's BoG approves Rs 3.08 billion budget

Pakistan Agriculture Research Council's (PARC) Board of Governors (BoG) approved Rs 3.08 billion budget for the current financial year 2019-20, which includes Rs 2.3 billion to meet development expenditures.

Published 09 Jan, 2020 12:00am

2,543 BISP officers removed, NA told

Federal Minister for Communications Murad Saeed has said that Benazir Income Support Program (BISP) had been misused in the past and Pakistan Tehreek-e-Insaf (PTI) government has removed 2,543 officers of various grades from the program.

Published 09 Jan, 2020 12:00am

Thatta water supply scheme: NAB seeks more time from court for filing supplementary reference

The National Accountability Bureau (NAB) on Wednesday sought more time from the Accountability Court, hearing multibillion rupees fake bank accounts case, for filing a supplementary reference in Thatta water supply scheme reference.

Published 09 Jan, 2020 12:00am

SC seeks details of pending cases in AC

The Supreme Court on Wednesday expressing concern over delay in decision on cases pending before the Accountability Court directed National Accountability Bureau (NAB) to file detailed report regarding the matter.

Published 09 Jan, 2020 12:00am

Amendments to ArmyAct: Differences intensify within PML-N ranks

The differences within the ranks of Pakistan Muslim League-Nawaz (PML-N) have reportedly intensified over the party's support to amendments to Pakistan Army Act, it was learnt.

Published 09 Jan, 2020 12:00am

ACCA introduces Certificate: PFM qualification for public sector employees

The new Certificate in Public Financial Management (Cert PFM) qualification by ACCA (the Association of Chartered Certified Accountants) is now available for public sector employees and those looking to work in the sector in future.

Published 09 Jan, 2020 12:00am

Taxes

Importers of vegetable ghee/cooking oil, steel sector: Adjustment/refund of ST procedure issued

The Federal Board of Revenue (FBR) Wednesday issued adjustment/ refund of sales tax procedure for commercial importers of vegetable ghee/cooking oil and steel sector.

Published 09 Jan, 2020 12:00am

PIA chief lauds technical department's team

Pakistan International Airlines (PIA) technical ground support department has successfully overhauled totally abandoned equipment with its own resources, saving billions of rupees for the airline.

Published 09 Jan, 2020 12:00am

Taxes

FBR member customs visits new Azakhel dry port site

The Federal Board of Revenue (FBR) Member Customs Operation, Dr Jawad Agha along with Collector Appraisement Peshawar Ihsan Ali Shah and other officials on Wednesday paid visit to new Azakhel dry port in Pirpai, Nowshera district.

Published 09 Jan, 2020 12:00am

Reducing interest rates to single-digit will trigger growth: PBIF

President Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain, has said that US-Iran war resulted an increase in oil prices while continued tension between the two countries will become a nightmare for the oil and gas importing countri

Published 09 Jan, 2020 12:00am

Taxes

Iranian petroleum products: FTO tells FBR to form Customs-LEAs task force to curb smuggling

The Federal Tax Ombudsman, in a suo motu case, has stated that failure of Customs and Law Enforcement Agencies (LEAs) to take action against smuggling and sale of Iranian petroleum products on main roads reflect inefficiency, incompetence and ineptitude i

Published 09 Jan, 2020 12:00am

Shamim Asif assumes charge of MD PEF

Shamim Asif has assumed the charge of the post of Managing Director Punjab Education Foundation. He is a grade 20 officer belonging to the Provincial Management Service (PMS) and he has served in many departments and autonomous bodies.

Published 09 Jan, 2020 12:00am

Brief Recordings

Saif Power Limited

Saif Power Limited (PSX: SPWL) is a relatively new IPP, operating under the 2002 Power Policy on build, own and operate basis in Sahiwal District of Punjab.

Updated 09 Jan, 2020 07:02am

One dead, three seriously wounded in Canada shooting

A shooter killed one person and seriously wounded three others Wednesday morning on a residential street near Canada's parliament before fleeing, local police said.

Published 09 Jan, 2020 12:00am

Harry, Meghan to step back as 'senior' royals

Britain's Prince Harry and his wife Meghan will step back as senior members of the royal family and spend more time in North America, the couple said in a historic statement Wednesday.

Published 09 Jan, 2020 12:00am

Baby born then dies on migrant boat bound for Canary Islands

A baby that was born aboard a makeshift boat carrying migrants from Africa to the Canary Islands did not survive the journey, Spanish rescuers said on Wednesday after picking up the rickety vessel.

Published 09 Jan, 2020 12:00am

Malaysia ex-PM 'sought Abu Dhabi royal's help over scandal'

Malaysia's disgraced ex-leader Najib Razak allegedly sought help from Abu Dhabi's crown prince to conceal wrongdoing linked to a multi-billion-dollar graft scandal, recordings released Wednesday by investigators showed. Huge sums were looted from Malaysia

Published 09 Jan, 2020 12:00am

Kuwait denies US troop pullout, says news agency hacked

Kuwait on Wednesday denied reports that the United States had decided to withdraw its troops from the Gulf state, saying the Twitter account of its official news agency had been hacked.

Published 09 Jan, 2020 12:00am

2019 second hottest year on record

The year 2019 was the second hottest ever recorded and a virtual tie with 2016, the warmest El Nino year, the European Union's climate monitor says in its round up of the hottest decade in history. Data released by the Copernicus Climate Change Service (

Published 09 Jan, 2020 12:00am

Facebook exec says it helped put Trump in White House

A senior Facebook executive on Tuesday said the world's biggest social network unintentionally helped put Donald Trump in the White House but warned against dramatic rule changes.

Published 09 Jan, 2020 12:00am

US-Iran escalation threatens aid to millions: charity

The escalating cycle of reprisals between the United States and Iran is threatening the delivery of aid to millions across the Middle East, the Norwegian Refugee Council warned Wednesday.

Published 09 Jan, 2020 12:00am

Stowaway child found dead in plane at Paris airport

A child stowaway was found dead Wednesday in the undercarriage of a plane at a Paris airport, officials said, having probably frozen to death or asphyxiated on the flight from Ivory Coast.

Published 09 Jan, 2020 12:00am

Four Turkish soldiers killed in car bombing in Syria

Four Turkish soldiers were killed Wednesday in a car bombing in northeastern Syria, Turkey's defence ministry said. The soldiers were conducting road patrols when the attack happened in the region captured by Turkish forces after the latest operation agai

Published 09 Jan, 2020 12:00am

Cyprus says to host US rapid response unit for any Mideast evacuations

Cyprus said Wednesday it had accepted a US request to station a rapid response team on the island in case American diplomatic personnel or civilians need to be evacuated amid rising US-Iranian tensions.

Published 09 Jan, 2020 12:00am

Money & Banking

Currencies turn volatile in Asia

Currencies turned volatile on Wednesday as the safe-haven yen first jumped on news of Iranian missile strikes on bases hosting US troops in Iraq, before retreating as investors wagered it would not trigger a wider conflict in the region.

Published 09 Jan, 2020 12:00am

Money & Banking

Swiss franc and yen retreat in Europe

Global currencies whipsawed on Wednesday as initial fears Iran's attack on US forces in Iraq could lead to more violence in the Middle East gave way to a perception that a wider regional conflict was unlikely.

Published 09 Jan, 2020 12:00am

Money & Banking

Early trade in New York: Yen, Swiss franc drop

The safe-haven yen fell from three-month highs against the dollar on Wednesday, as investors grew more optimistic that Iran's attack on US forces in Iraq overnight was unlikely to escalate into a full-blown regional conflict.

Published 09 Jan, 2020 12:00am

Money & Banking

Safe-haven currencies fall in New York

The safe-haven Japanese yen and Swiss franc pulled back from recent highs against the dollar on Tuesday as financial markets stabilized, with investors turning more hopeful that US-Iran tensions would not escalate into an all-out war.

Published 09 Jan, 2020 12:00am

Money & Banking

Turkish lira weakens slightly

The Turkish lira weakened slightly on Wednesday, remaining around its weakest levels in seven months, after Iran fired missiles at US-led forces in Iraq.

Published 09 Jan, 2020 12:00am

Money & Banking

Asian forex: won, rupiah lead broad-based losses

Most Asian currencies weakened on Wednesday after Iran fired rockets at Iraqi airbases hosting US military forces, fuelling worries that a crisis in the Middle East will escalate further, potentially disrupting oil supplies from the region.

Published 09 Jan, 2020 12:00am

Money & Banking

Sterling falls against dollar

The pound erased early gains and fell against the dollar on Wednesday, as investors refocused their attention towards Brexit talks and European policymakers warned Britain could crash out of the European Union without a trade deal in place by the end of 2

Published 09 Jan, 2020 12:00am

Money & Banking

Australian, NZ dollars whipsawed

The Australian and New Zealand dollars were whipsawed on Wednesday, first falling sharply on news Iran had attacked US bases in Iraq only to bounce as the market wagered an all-out war could still be averted.

Published 09 Jan, 2020 12:00am

Other

Australia reveals 'new concept' for women's tennis after scheduling row

Australian tennis officials said they were working on a "new concept" for women's tennis on Wednesday after top players complained they were being shunted aside to make way for the men's ATP Cup.

Published 09 Jan, 2020 12:00am

Football

Argentina and Nadal-led Spain sweep into ATP Cup quarters

World number one Rafael Nadal steered Spain into the ATP Cup quarter-finals Wednesday despite an uncharacteristically error-ridden performance, with Argentina also powering through.

Published 09 Jan, 2020 12:00am

Other

Bank AL Habib's 9th Rashid D Habib Memorial Golf to tee-off today

Bank AL Habib's 9th Rashid D. Habib Memorial National Professional Golf Tournament 2020 to tee-off at Karachi Golf Club (KGC) on Thursday, 9th January.

Published 09 Jan, 2020 12:00am

Cricket

Australia's Green banned for illegal bowling action

Sydney Thunder off-spinner Chris Green was Wednesday banned from bowling for three months after being found to have an illegal action.

Published 09 Jan, 2020 12:00am

Cricket

PCB clarifies pacer Naseem Shah's age controversy

The Pakistan Cricket Board (PCB) has rejected the impression which suggests that fast-bowler Naseem Shah had been withdrawn from the Pakistan Under-19 squad for next month's ICC Under-19 Cricket World Cup due to concerns over his actual age.

Published 09 Jan, 2020 12:00am

Football

Lazio fined 20,000 euros for Balotelli racist abuse

Lazio were fined 20,000 euros on Wednesday for the racist abuse some of their fans aimed at Mario Balotelli during their 2-1 Serie A win at Brescia at the weekend.

Published 09 Jan, 2020 12:00am

Football

FA urged to 'reconsider' deal with betting website

The British government has urged the Football Association to "reconsider" its relationship with bookmaker bet365 as concerns grow over the link between problem gambling and mental health issues.

Published 09 Jan, 2020 12:00am

Cricket

KP U-21 Games Trophy, logo unveiled

Deputy Commissioner (DC) Kohat Matiullah Khan Wednesday unveiled the trophy and official logo of the Khyber Pakhtunkhwa U21 Games in a colourful ceremony held at Kohat Auditorium Hall, Directorate of Sports Khyber Pakhtunkhwa.

Published 09 Jan, 2020 12:00am

Stocks

Indian shares decline

Indian shares closed lower on Wednesday as investors stayed away from risky assets, weighed down by elevated oil prices after Iran attacked US-led forces in Iraq and sparked fears of supply disruptions.

Published 09 Jan, 2020 12:00am

Stocks

Major Gulf indexes slide; Aramco's retreat extends

Major stock markets in the Gulf ended lower on Wednesday after Iran launched missiles at bases housing US forces in Iraq, while Saudi Aramco extended losses.

Published 09 Jan, 2020 12:00am

Stocks

Wednesday's early afternoon trade: S&P, Nasdaq hit record highs

The S&P 500 and the Nasdaq hit record highs after President Donald Trump's comments eased fears of an all-out conflict in the Middle East, as Iran retaliated by firing missiles following the death of an Iranian general last week in a US airstrike.

Published 09 Jan, 2020 12:00am

Stocks

Wall Street dips as investors focus on ME, but chipmakers climb

Wall Street's major indexes declined on Tuesday as investor caution persisted amid a dispute between the United States and Iran, while energy shares fell as oil prices gave back some recent gains.

Published 09 Jan, 2020 12:00am

Money & Banking

Treasury yield curve steeper on decent data; TIPS lifted

The US yield curve was steeper on Tuesday in the wake of good economic data, while 10-year Treasury Inflation-Protected Securities real yields moved back above zero and five-year TIPS rose, though remained in negative territory.

Published 09 Jan, 2020 12:00am

Stocks

Tesla's market value eclipses GM and Ford - combined!

For the first time, Tesla Inc's stock market value has eclipsed the combined values of General Motors Co and Ford Motor Co. The Silicon Valley electric car maker's stock rose about 4% at midday on Wednesday, hitting a record high and elevating its market

Published 09 Jan, 2020 12:00am

Stocks

China stocks fall most in 2 weeks

China shares fell the most in two weeks on Wednesday, reversing some of the sharp gains recorded in the past fortnight, after Iran's firing of missiles at US-led forces in Iraq stoked fears of a wider conflict in the Middle East.

Published 09 Jan, 2020 12:00am

Stocks

Japan stocks lower

Japanese shares fell on Wednesday after Iran launched missile attacks on US forces in Iraq in retaliation for a US drone strike, but ended above session lows amid a lack of reports of casualties.

Published 09 Jan, 2020 12:00am

Stocks

European shares rebound from early losses

European shares ended higher on Wednesday after Iran indicated the overnight missile strikes "concluded" its retaliation to the US killing of General Qassem Soleimani.

Published 09 Jan, 2020 12:00am

Stocks

Southeast Asian stocks slump

Southeast Asian equities slumped on Wednesday, with Thailand taking the biggest hit, as investors scurried from riskier assets due to rising tensions in the Middle East after Iran fired rockets at US-led forces in Iraq.

Published 09 Jan, 2020 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 18	278.55
USD PKR Interbank Buying / Dec 18	278.25
USD to Japanese Yen / Dec 18	153.63
USD to Swiss Franc / Dec 18	0.89
Pound Sterling to USD / Dec 18	1.27
Euro to USD / Dec 18	1.05

Stock	Volume
S&P 500 / Dec 17	6,050.61
Nasdaq / Dec 17	20,109.06
Dow Jones / Dec 17	43,449.90
India Sensex / Dec 18	80,231.76
Tokyo Nikkei / Dec 18	39,081.71
Hang Seng / Dec 18	19,857.31
FTSE 100 / Dec 18	8,222.99
Germany DAX 30 / Dec 18	20,267.35

Item	Value
Gold 10 Grams PKR / Dec 17	241,860
Petrol/Litre / Dec 18	252.10
Crude Oil USD/Barrel / Dec 18	70.43
Karachi Cotton PKR/37.32 KG / Dec 18	17,585
Gold Spot USD/Ounce / Dec 18	2,644.54
Diesel/Litre / Dec 18	255.38

Gainers
Losers
Leaders

Stock	Price
LSE Capital / Dec 18 LSE Capital Limited(LSECL)	6.70 ▲ 1.00 (17.54%)
S.G.Power / Dec 18 S.G. Power Limited(SGPL)	9.17 ▲ 1.00 (12.24%)
Faran Sugar (R) / Dec 18 Faran Sugar Mills Limited (R)(FRSMR)	9.43 ▲ 1.00 (11.86%)
Gulshan Sp. / Dec 18 Gulshan Spinning Mills Limited(GSPM)	4.47 ▲ 0.42 (10.37%)
Aisha Steel Mill / Dec 18 Aisha Steel Mills Limited(ASL)	11.06 ▲ 1.01 (10.05%)
Oilboy Energy / Dec 18 Oilboy Energy Limited(OBOY)	11.50 ▲ 1.05 (10.05%)
Suhail Jute / Dec 18 Suhail Jute Mills Limited(SUHJ)	61.55 ▲ 5.60 (10.01%)
Attock Cement / Dec 18 Attock Cement Pakistan Limited(ACPL)	259.27 ▲ 23.57 (10.00%)
AL-Ghazi Tractors / Dec 18 Al-Ghazi Tractors Limited(AGTL)	564.23 ▲ 51.29 (10.00%)

Stock	Price
National Bank / Dec 18 National Bank of Pakistan(NBP)	66.38 ▼ -7.38 (-10.01%)
First Imrooz Mod. / Dec 18 First Imrooz Modaraba(FIMM)	180.01 ▼ -19.99 (-10.00%)
Imperial Limited / Dec 18 Imperial Limited(IML)	20.16 ▼ -2.24 (-10.00%)
J.A.Textile / Dec 18 J.A. Textile Mills Limited(JATM)	44.37 ▼ -4.93 (-10.00%)
Macter Int. Ltd / Dec 18 Macter International Limited(MACTER)	331.40 ▼ -36.82 (-10.00%)
Mari Petroleum / Dec 18 Mari Petroleum Company Limited(MARI)	728.78 ▼ -80.98 (-10.00%)
Synthetic Prod / Dec 18 Synthetic Products Enterprises Limited(SPEL)	45.89 ▼ -5.10 (-10.00%)
Biafo Ind. / Dec 18 Biafo Industries Limited(BIFO)	198.85 ▼ -22.08 (-9.99%)
Bilal Fibres / Dec 18 Bilal Fibres Limited(BILF)	12.61 ▼ -1.40 (-9.99%)

Stock	Volume
WorldCall Telecom / Dec 18 Worldcall Telecom Limited(WTL)	151,921,663 ▼ -0.15
Pak Elektron / Dec 18 Pak Elektron Limited(PAEL)	107,502,606 ▲ 0.34
Cnergyico PK / Dec 18 Cnergyico PK Limited(CNERGY)	67,234,901 ▼ -0.51
B.O.Punjab / Dec 18 The Bank of Punjab(BOP)	60,136,151 ▲ 0.13
Pak Refinery / Dec 18 Pakistan Refinery Limited(PRL)	55,973,468 ▼ -1.00
K-Electric Ltd. / Dec 18 K-Electric Limited(KEL)	46,669,770 ▼ -0.33
Sui South Gas / Dec 18 Sui Southern Gas Company Limited(SSGC)	42,923,281 ▲ 1.67
PIA Holding Co.Ltd / Dec 18 PIA Holding Company Limited(PIAHCLA)	36,897,118 ▼ -0.46
Aisha Steel Mill / Dec 18 Aisha Steel Mills Limited(ASL)	36,858,206 ▲ 1.01

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