News Archives for Print - 2020-01-10

Print - 2020-01-10

Qureshi, Lavrov discuss situation

Foreign Minister Shah Mehmood Qureshi on Thursday discussed the latest situation in the Middle East with his Russian counterpart Sergey Lavrov and the two sides agreed to make joint efforts for peace in the region, Foreign Office said.

Published 10 Jan, 2020 12:00am

Stocks

Bulls stage comeback on PSX: BRIndex100 stages smart recovery

Pakistan Stock Exchange (PSX) Thursday showed smart recovery on easing tensions between the US and Iran.

Published 10 Jan, 2020 12:00am

LHC dismisses petitions of registered Tier-I retailers

Lahore High Court (LHC) has dismissed petitions of registered retailers, falling under the category of Tier-I (big retailers), against computerized integration of retail invoicing with the Federal Board of Revenue (FBR) system.

Published 10 Jan, 2020 12:00am

UK lawmakers back EU exit deal

Britain's parliament finally approved Brexit on Thursday, allowing it to become the first country to leave the European Union later this month, ending years of arguments that toppled two governments and splintered society.

Published 10 Jan, 2020 12:00am

Rs 30 billion earmarked for 'Hunarmand Pakistan': PM

The Prime Minister on Thursday said that the government has earmarked Rs 30 billion for 'Hunarmand Pakistan' and in the first phase Rs10 billion would be utilized. Under the program, he added that skill training would be provided to 0.5 million youth whil

Published 10 Jan, 2020 12:00am

Financial adviser short-listed for HEC transaction

Privatization Commission (PC) has short-listed consortium of Bridge Factor & National Bank of Pakistan (NBP) as Financial Advisor for transaction of Heavy Electrical Complex.

Published 10 Jan, 2020 12:00am

Amended NAB law: Government agrees to include opposition's proposals

After smooth sailing of the Army (Amendment) Act from the National Assembly and Senate, the government on Thursday agreed to include opposition's proposals in the NAB (Amendment) Ordinance.

Published 10 Jan, 2020 12:00am

Some NAO sections against Shariah laws: CII

The Council of Islamic Ideology (CII) has termed forced conversions unconstitutional as well as against the teachings of Islam.

Updated 10 Jan, 2020 07:44pm

Pakistan ready to play role towards de-escalation: FO

Pakistan on Thursday reiterated its desire to play its role for de-escalation of tension in the Middle East and is working on finalization of the dates for the upcoming visit of Foreign Minister Shah Mehmood Qureshi to Washington, Tehran and Riyadh to pur

Published 10 Jan, 2020 12:00am

Saudi Arabia condemns 'Iranian violations of Iraqi sovereignty'

Saudi Arabia condemned Thursday "Iranian violations of Iraqi sovereignty" after Iran fired missiles at Iraq bases where US troops are deployed in retaliation for the killing of a top commander.

Published 10 Jan, 2020 12:00am

ME tensions: UNSC declares commitment to 'international law'

The UN Security Council on Thursday reaffirmed its commitment to "an international order based on international law" amid fears of armed conflict between the United States and Iran.

Published 10 Jan, 2020 12:00am

Policy measures start paying off: MoF sees recovery towards the end of FY20

The Finance Ministry has acknowledged that during fiscal year 2019, the slowdown in economy was largely attributed to various policy measures to manage the twin deficit crisis and consequently, the outcomes of these measures were realized on the industria

Published 10 Jan, 2020 12:00am

Stabilisation weighs heavily on activity: WB

Pakistan's GDP growth rate is projected to bottom out at 2.4 percent in fiscal year 2019-20 and 3 percent in 2020-21 as macroeconomic stabilization efforts weigh on activity, says the World Bank (WB).

Published 10 Jan, 2020 12:00am

Letters

Remembering Fakhru bhai

Fakhruddin G. Ebrahim, who was widely known as 'Fakhru bhai', has died. Fakhru bhai was also widely known for his integrity and his deep commitment to the ideals of justice and human rights. A lawyer by profession, he started his career under the guidance

Published 10 Jan, 2020 12:00am

Articles

Crisis-hardened markets have learned to look past military flare-ups

Iran's missile attack on US army bases in Iraq overnight sent gold blasting above $1,600 an ounce, boosted the Japanese yen by almost 1% and oil by $3 a barrel.

Published 10 Jan, 2020 12:00am

Articles

Commercializing Pakistan Railways - II

A 'line-of-business' structure is generally adopted by commercial railways to align markets in the rail industry towards achieving utmost customer- both passenger and freight related- satisfaction. Under this structure, while there may be one organization

Published 10 Jan, 2020 12:00am

Articles

The corrupt, tax cheats, 'secrecy' & RTI - I

2020 has started and apparently everyone has forgotten what the Supreme Court desired in Suo Muto Case No. 2 of 2018, started on February 1, 2018, and what happened thereafter. The last hearing in this case, which is still pending, was held on January 14,

Published 10 Jan, 2020 12:00am

US-Iran confrontation

As the world waited with bated breath for 'severe revenge' Tehran had vowed to take for the killing by America of Gen Qassem Soleimani, Iranian forces fired as many as 22 missiles at two military bases housing US troops in Iraq, timed to match the last ri

Updated 10 Jan, 2020 06:20am

Job creation and development in 2020

Prime Minister Imran Khan while inaugurating the Allama Iqbal Industrial City Faisalabad stated that his government's priorities are job creation and development and industrialization, exports, agriculture, tourism and technical education will be given sp

Updated 10 Jan, 2020 06:54am

Musharraf's conviction: Formation of special court not approved by Cabinet, LHC told

The special trial court that has convicted former president Gen Pervez Musharraf (retired) for high treason had not been approved by the federal cabinet.

Published 10 Jan, 2020 12:00am

Minister informs NA about CPEC projects

Minister for Planning, Development and Special Initiatives Asad Umar has said that total cost of CPEC projects including ML-1 Railway project is approximately $ 50 billion out of which 13 projects at estimated cost of $ 11 billion are complete, 13 project

Published 10 Jan, 2020 12:00am

SBP Banking Services Corporation (Amend) Bill introduced in NA

Pakistan Tehreek-e-Insaf (PTI) government has introduced "The SBP Banking Services Corporation (Amendment) Bill, 2020" in the National Assembly, which states that any action done in good faith of the State Bank and its directors or officers cannot be chal

Published 10 Jan, 2020 12:00am

Discrepancies in wealth details: ECP seeks explanation from Bilawal

The Election Commission of Pakistan (ECP) has sought explanation from Chairman Pakistan Peoples Party (PPP) Bilawal Bhutto Zardari regarding certain 'discrepancies' in his wealth details recently submitted to the electoral body.

Published 10 Jan, 2020 12:00am

US believes Iran brought down Ukraine airliner with missiles

The US government believes Iran accidentally shot down a Ukraine airliner that crashed in Iran, killing all 176 people aboard, three US officials told Reuters on Thursday.

Published 10 Jan, 2020 12:00am

Iran says airliner caught fire before crash, Ukraine outlines theories

Ukraine outlined four potential scenarios on Thursday to explain the deadly crash of one of its airliners in Iran, including a missile strike and terrorism, as Iranian investigators said the plane was on fire before it fell to the ground.

Published 10 Jan, 2020 12:00am

India grants diplomats access to occupied Kashmir

Foreign diplomats visited India-occupied Kashmir on Thursday for the first time since New Delhi stripped the region of special status in August, but some European nations and others declined to go after being refused permission to travel independently.

Published 10 Jan, 2020 12:00am

EU spurns 'guided tour' of IOK

The European Union refused to take part in a rare diplomatic visit to Indian occupied Kashmir starting Thursday because they will not be allowed to meet detained local politicians, reports said.

Published 10 Jan, 2020 12:00am

Bukhari appointed CEO EXIMBP

The Federal Cabinet has appointed Irfan Bukhari as Chief Executive Officer (CEO), Export Import of Bank of Pakistan (EXIMBP) for three years subject to clearance of Fit and Proper Test (FPT) from the State Bank of Pakistan, well informed sources in Commer

Published 10 Jan, 2020 12:00am

UK monarchy scrambles for solutions after Harry, Meghan bombshell

The British monarchy scrambled Thursday to find urgent "workable solutions" for Prince Harry and his wife Meghan after their bombshell decision to quit front-line duties caught the royal family off guard. Queen Elizabeth II, heir to the throne Prince Char

Published 10 Jan, 2020 12:00am

PTI government taking practical steps to honour commitments made with tribesmen: CM

Chief Minister Khyber Pakhtunkhwa (KP) Mehmood Khan on Wednesday said that the incumbent government of Pakistan Tehreek-e-Insaf (PTI) has undertaken practical steps to materialize its promises made with the tribesmen before merger of ex-Fata.

Published 10 Jan, 2020 12:00am

KP's new industrial policy in the offing

Special Assistant to KP CM on Industries, Abdul Karim Khan has said that the provincial government is working on the draft of the new industrial policy that will prove a milestone in the sustainable economic development of the province.

Published 10 Jan, 2020 12:00am

Karachi's Club Road will be one-way from 18th

The Club Road, one of the city's busiest thoroughfares, has been declared one-way.

Published 10 Jan, 2020 12:00am

CNG stations will now reopen on 12th

In another bombshell for CNG fuel consumers in Sindh, gas stations across the province will now open on Sunday rather than Friday.

Published 10 Jan, 2020 12:00am

Hammad briefs Japanese dy FM about deteriorating HR situation in IOK

Federal Minister for Economic Affairs Muhammad Hammad Azhar Thursday met Japanese State Minister for Foreign Affairs Kenji Wakamiya in Tokyo wherein he highlighted the deteriorating situation of humans rights in Indian Occupied Jammu Kashmir (IOJK).

Published 10 Jan, 2020 12:00am

Umar vows to complete Karachi Package projects at the earliest

Federal Minister for Planning, Development & Special Initiatives Asad Umar Thursday vowed to complete Karachi Package projects expeditiously, which are aimed at addressing civic and mobility issues being faced by the citizens.

Published 10 Jan, 2020 12:00am

Appointments challenged: IHC issues notices to Mehmood, Tahir and AGP

The Islamabad High Court on Thursday issued notices in a petition challenging the appointments of Shafqat Mehmood, Minister for Federal Education and Professional Training, and Muhammad Rafiq Tahir, Head of National Curriculum Council (NCC) project.

Published 10 Jan, 2020 12:00am

ECP seeks reply from Firdous in contempt case

In a move that has raised eyebrows, the Election Commission of Pakistan (ECP) on Thursday sought a response from Special Assistant to Prime Minister on Information and Broadcasting Firdous Ashiq Awan in a contempt case despite the fact that the ECP, due t

Published 10 Jan, 2020 12:00am

Mustafa Kamal due in Lahore today

Chairman Pak Sar Zameen Party, Syed Mustafa Kamal is due to arrive in the city on Friday (today). He will hold important meetings in the city during his visit. It may be noted that the party has shown no impressive growth in the province of Punjab.

Published 10 Jan, 2020 12:00am

PIA CEO challenges SHC order

Chief Executive Officer (CEO) Pakistan International Airlines (PIA), Air Marshal Arshad Malik Thursday prayed to the apex court to set aside Sindh High Court order dated 23-12-2019 and stay further proceedings regarding the matter till final disposal of h

Published 10 Jan, 2020 12:00am

US-Iran tensions: Pakistan can only bring about rapprochement: PM

Prime Minister Imran Khan Thursday said that Pakistan would not be part of any country's war as it has paid huge price for being part of war on terrorism. Speaking at the launching ceremony of Hunarmand Pakistan program, the Prime Minister said he had tol

Published 10 Jan, 2020 12:00am

President hosts consultation on 'Expanding access to services for disabled'

President Arif Alvi hosted a high-level consultation with leading civil society representatives from across Pakistan to discuss how the government is expanding access to services for people with disabilities through the Ehsaas programme.

Published 10 Jan, 2020 12:00am

Taxes

Changes in turnover tax rate: Leading sectors' traders to meet tax authorities on 13th

The persons trading in sectors of tyre, mobile phone, ghee, sugar, pulses, cement, fertilizer, electronics, yarn, iron & steel, paper and automobile would meet tax authorities at the Federal Board of Revenue (FBR) on January 13-14 to discuss issues arisin

Published 10 Jan, 2020 12:00am

Energy

Sindh consumers must not be burdened with high cost of RLNG: CM

Sindh Government on Thursday rejected any attempt of Federal Government to work out natural gas tariff by including RLNG into existing Weighted Average Cost of Gas (WACoG).

Published 10 Jan, 2020 12:00am

Forex reserves up $3.4 million

The country's total liquid foreign exchange reserves slightly increased by $3.4 million to stand at $18.085 billion at the end of last week ended January 3, 2020.

Published 10 Jan, 2020 12:00am

Newborn infant burnt alive at NICH

A newborn baby girl was burnt alive when an intensive care unit (ICU) caught fire at Karachi's National Institute of Child Health (NICH) on Thursday. According to director NICH Dr Jamal Raza, four-day old baby was kept in incubator in surgical ICU of the

Published 10 Jan, 2020 12:00am

Government unmoved as transporters' strike enters 4th day

No government authority has so far contacted the goods transporters, who are on strike for last four days, leaving the trade with additional financial burden of millions in terms of shipping charges. Talking to Business Recorder, Ghulam Yasin, Chairman, U

Published 10 Jan, 2020 12:00am

Commodities on economical rates: Fruits and vegetables stalls to be set up at Expo Centre

Divisional Commissioner Hyderabad Mohammed Abbas Baloch said that the present price hiking of essential commodities made people's lives miserable and their purchasing power had been decreased therefore to provide essential commodities on economical and ch

Published 10 Jan, 2020 12:00am

City police chief advises industrialists to install CCTV cameras

Police Chief of Karachi, Ghulam Nabi Memon has advised the industrialists to come forward and help the police department by installing CCTV cameras in their respective industrial units to supplement the efforts being made by police department to improve l

Published 10 Jan, 2020 12:00am

Energy

Byco's Silver Jubilee celebrations

Byco Petroleum Pakistan Limited is celebrating its Silver Jubilee. Byco was founded on 9 January 1995, and has become Pakistan's largest oil refining company by installed capacity in the past quarter century. Byco has made untiring efforts to serve the na

Published 10 Jan, 2020 12:00am

Seminar on higher education opportunities held in Canada

Bureau of Students Tutorial Guidance/Counseling Services and Co-curricular Activities (STAGS) in collaboration with Sindh Cultural and Literary Association Canada organized one-day awareness seminar on "Higher Education Opportunities in Canada" at Shaikh

Published 10 Jan, 2020 12:00am

Gold plummets by Rs 2500 per tola

Gold prices on Thursday plummeted by Rs 2500 per tola to Rs 90,500 on the local market, traders said. The precious metal price slumped to Rs 77,590 per 10 grams, down by 2141 and $1548 an ounce, down by $32. Silver was traded for Rs1070 per tola, Rs 917.3

Published 10 Jan, 2020 12:00am

Judicial remand of Qaimkhani extended till 27th

The Accountability Court hearing the multibillion rupees fake bank accounts case, involving former president Asif Ali Zardari, on Thursday extended the judicial remand of Liaquat Qaimkhani, former Director General (Parks), Karachi Metropolitan Corporation

Published 10 Jan, 2020 12:00am

Energy

Gas shortage: Minister assures traders of taking up issue with Centre

Provincial Minister of Local bodies Sindh, Nasir Hussain Shah, has assured industrialists of his help taking up the issue of gas outage in industrial areas of the city with the federal government. Speaking at a meeting of Korangi Association of Trade & In

Published 10 Jan, 2020 12:00am

2018 anti-encroachment operation: 500 traders still await allotment orders

As many as 500 city traders whose shops were demolished during the 2018 anti-encroachment operation are still waiting for the allotment of alternate locations to resume their businesses.

Published 10 Jan, 2020 12:00am

PM to inaugurate Azakhel Dry Port in Nowshera: Rashid

Federal Minister for Railways, Sheikh Rasheed Ahmed has said that Prime Minister Imran Khan is going to inaugurate state of the art Azakhel Dry Port project in Nowshera here today (Friday). The dry port would help promote business and trade activities in

Published 10 Jan, 2020 12:00am

Two more polio cases notified in Lakki Marwat, DIK

National Institute of Health (NIH) have notified two new polio cases from district Lakki Marwat and DI Khan on Thursday, taking provincial case count tally to 91 in 2019.

Published 10 Jan, 2020 12:00am

Energy

KE CEO sees Rs 50 billion dues serious threat to power projects

Chief Executive Officer (CEO) Karachi Electric (KE), Moonis Alvi on Thursday said that the power utility's unpaid receivables are a serious threat to investments in power projects in Karachi.

Published 10 Jan, 2020 12:00am

KP's civil society calls for end to child marriages

The civil society of Khyber Pakhtunkhwa presented a charter of demands (CoD) to the government of Khyber Pakhtunkhwa (KP) calling for an urgent action to end child marriages in the province.

Published 10 Jan, 2020 12:00am

UK, Tunisia & Iran: Envoys-designate present credentials to President

High Commissioner/Ambassadors-designate of the United Kingdom, Tunisia and Iran presented their credentials to President Dr Arif Alvi in a ceremony held here at the Aiwan-e-Sadr on Thursday. The President felicitated the newly appointed high commissioner/

Published 10 Jan, 2020 12:00am

FDA seals four unapproved housing schemes

Under the directions of Director General FDA Suhail Khawaja four unapproved housing schemes have been sealed by the FDA team under the ongoing operation against the illegal and unapproved housing schemes.

Published 10 Jan, 2020 12:00am

PAC informed: Certain sections of PPRA rules being revised

The government has started revising some sections of the Public Procurement Regulatory Authority (PPRA) rules which create hurdles in completion of public sector projects, said secretary finance and chairman PPRA.

Published 10 Jan, 2020 12:00am

PSCA organises moot on data & privacy protection procedures

The Punjab Safe Cities Authority (PSCA) on Thursday organized a one-day conference on data and privacy protection procedures at the Integrated Command, Control and Communication Centre (PPIC).

Published 10 Jan, 2020 12:00am

Foundation stone of first-ever Centre for Genomics & Proteomics laid

Federal Minister for Information Technology (IT) & Telecom Dr Khalid Maqbool Siddique laid the foundation stone of Pakistan's first ever Centre for Genomics and Proteomics at Virtual University of Pakistan, Kala Shah Kaku, on Thursday.

Published 10 Jan, 2020 12:00am

Government devising a permanent solution to overcome dengue: Buzdar

Inaugurating the "International Conference on Dengue", Chief Minister Punjab Sardar Usman Buzdar said on Thursday that political leadership is duty-bound to provide moral, financial and administrative support for health and safety of citizens while the li

Published 10 Jan, 2020 12:00am

Tractor industry seeks PM's intervention after sales drop by 40 percent

The downturn in the tractor industry continues as the tractor sales has further declined to just over 15,200 units during the first half of current fiscal, after almost a 40 percent drop fiscal to fiscal.

Published 10 Jan, 2020 12:00am

Commodities

20kg flour bag price fixed at Rs 805

The Punjab government and flour millers agreed in principle to fix price of 20kg flour bag at Rs 805 on Thursday.

Published 10 Jan, 2020 12:00am

Commodities

Sugarcane & wheat: Government won't increase support price: minister

Punjab Food Minister Samiullah Chaudhry has said that the provincial government does not want to put the burden on the end consumers by increasing the support price of sugarcane or wheat.

Published 10 Jan, 2020 12:00am

Iran-US tension: Meeting held to chalk out pre-emptive security steps

In the wake of growing tensions between Iran and the United Stated, Provincial Minister for Law, Parliamentary Affairs and Social Welfare Raja Basharat on Thursday called a high-level security meeting to chalk out a preemptive strategy for anticipated pro

Published 10 Jan, 2020 12:00am

PSIC approves establishment of small industrial estate

The Punjab Small Industries Corporation (PSIC) 108th Board meeting on Thursday accorded approval to establishment of small industrial estate on an area of 50 acres in Rakh Choti Dilana, DG Khan, and artisan village in Taunsa Sharif which would be comprise

Published 10 Jan, 2020 12:00am

ADP, PPP schemes & mega projects reviewed

Chief Secretary Punjab Azam Suleman Khan has directed the officers of communication and works department (C&W) to work with full devotion to complete development projects and repair and maintain roads on time. Despite financial constraints, all required f

Published 10 Jan, 2020 12:00am

US-Iran tension be settled down thru diplomatic channels: Sarwar

Terming the US-Iran tension and situation in Occupied Kashmir as 'dangerous' for the region and the world, Punjab Governor Chaudhry Mohammad Sarwar on Thursday said that Prime Minister Imran Khan had made it clear to the world community that Pakistan will

Published 10 Jan, 2020 12:00am

Mian Adrees elected chief of EFP Punjab

Mian Muhammad Adrees Former President Faisalabad Chamber of Commerce & Industry (FCCI) and Federation of Pakistan Chamber of Commerce & Industry (FPCCI), Former Chairman Faisalabad Industrial Estate Development & Management Company (FIEDMC) and sitting In

Published 10 Jan, 2020 12:00am

Articles

Partly Facetious : Lower exports

"So exports were down in December?"

Published 10 Jan, 2020 12:00am

US-Iran tension pushes up ATT to $2.3 billion: DGTT

Afghan Transit Trade (ATT) has increased to $ 2.3 billion from $1 billion, due to tensions between Iran and the United States.

Published 10 Jan, 2020 12:00am

Taxes

FBR condones time limit for filing of Annex-H

The Federal Board of Revenue (FBR) has condoned the time limit for filing of Annex-H (stock statement) for the tax periods of July and August 2019 up to February 15, 2020.

Published 10 Jan, 2020 12:00am

CNS visits Chinese Navy ship

Pakistan Navy is currently hosting 6th bilateral exercise 'Sea Guardians-2020' being conducted between Pakistan and PLA Navies in which Chinese Flotilla comprising naval platforms/ assets along with PLA (Navy) Marines Corps Detachment is participating. On

Published 10 Jan, 2020 12:00am

Cotton & Textile

Export: Textile industry identifies major hindrances

Textile industry has termed the withdrawal of zero rating status of export-oriented sectors, high energy cost and cotton shortage as major hindrances in increasing the country's exports.

Published 10 Jan, 2020 12:00am

Brief Recordings

An interview with Rumman Ahmad, CEO The Legend 'So-called luxury goods import not the real problem for the country'

Rumman Ahmad is the CEO of The Legend, which is the largest distributor of watches in Pakistan, of brands such as Rado, Tissot, Calvin Klein, Maurice Lacroix, and Westar. He is an MBA from the Institute of Business Administration (IBA), Karachi, and also

Updated 10 Jan, 2020 06:46am

Trump to attend Davos conference

President Donald Trump will attend this year's global economic forum in the Swiss alpine resort of Davos, having canceled last year's trip, a senior administration official said Thursday. The official confirmed Trump would make the January 21-22 trip, eve

Published 10 Jan, 2020 12:00am

Pope slams leaders on 'weak' response to climate change

Pope Francis accused world leaders on Thursday of failing to listen to the concerns of youngsters pushing for global action against climate change. In his annual speech to Vatican diplomats, the pontiff said climate change was a "concern of everyone," des

Published 10 Jan, 2020 12:00am

Trump welcomes court decision on US-Mexico border wall

President Donald Trump on Thursday welcomed a court decision that allows $3.6 billion in military funds to be used to build his signature wall on the US-Mexico border. "Entire Wall is under construction or getting ready to start!" the president tweeted fo

Published 10 Jan, 2020 12:00am

US strike kills Taliban splinter commander in Herat

A US airstrike killed a Taliban splinter-group commander and several other fighters in the western Afghan province of Herat, Afghan and military sources said Thursday. The commander, named as Mullah Nangyalay, was killed in Shindand district, close to the

Published 10 Jan, 2020 12:00am

Dozens killed by heavy rain in Angola

Torrential rain in Angola has killed 41 people and caused widespread destruction, the government said on Thursday. Twelve out of 18 provinces were hit by a violent downpour which began in the early hours of Monday and lasted late into the afternoon, Inter

Published 10 Jan, 2020 12:00am

Putin attends massive war games off Crimea

Russian President Vladimir Putin on Thursday observed massive military drills off the coast of Moscow-annexed Crimea that involved test launches of cruise and hypersonic missiles.

Published 10 Jan, 2020 12:00am

Australia bushfires flare as heatwave brings renewed misery

Bushfires flared in southern Australia on Thursday as a heatwave expected to bring renewed misery set in, and officials warned some areas are "just at the beginning" of the devastating crisis.

Published 10 Jan, 2020 12:00am

South African military plane catches fire in DR Congo, no casualties

A South African military transporter carrying 67 people caught fire on landing Thursday in the eastern DR Congo city of Goma but there were no casualties, the UN said. The C-130 Hercules made by US manufacturer Lockheed was flying from Beni, a city about

Published 10 Jan, 2020 12:00am

IT & Computers

Twitter to test limiting replies to tackle online abuse

Twitter has announced it will test new ways to limit online abuse by offering users control over who can reply to tweets. "We want to help people feel safe participating in the conversation on Twitter by giving them more control over the conversations the

Published 10 Jan, 2020 12:00am

Thai journalist sentenced

A Thai journalist sentenced to two years in prison for defaming the owner of a poultry farm via a tweet said Thursday the kingdom's criminal libel laws are eviscerating media freedom. A court convicted Suchanee Cloitre in December for a tweet referencing

Published 10 Jan, 2020 12:00am

Trump, US lawmakers battle over war powers amid Iran tensions

A defiant US President Donald Trump clashed with congressional Democrats Thursday before lawmakers hold a largely symbolic but politically charged vote to rein in his ability to take military action against Iran.

Published 10 Jan, 2020 12:00am

Commodities

CBOT wheat futures rebound on easing ME tensions

Chicago Board of Trade (CBOT) wheat futures rebounded on Wednesday, as worries eased that rising tensions in the Middle East could dent exports.

Published 10 Jan, 2020 12:00am

Commodities

CBOT soyabean futures rise

Chicago Board of Trade soyabean futures rose on Wednesday as Iran and the United States signaled a deescalation of tensions after an Iranian missile attack against US forces in Iraq.

Published 10 Jan, 2020 12:00am

Commodities

PMEX daily trading report

On Wednesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 4,434.

Published 10 Jan, 2020 12:00am

Commodities

European wheat rises on steady export demand

European wheat futures were higher on Wednesday, supported by steady export demand, firm Black Sea prices and logistical problems caused by rail strikes in France.

Published 10 Jan, 2020 12:00am

Energy

US natural gas futures unchanged for colder weather

US natural gas futures traded within a few cents of unchanged on Wednesday as forecasts for colder weather later in January offset an outlook calling for less cold and lower demand next week.

Published 10 Jan, 2020 12:00am

Activities at Karachi and Qasim Ports

The Karachi Port handled 69,418 tonnes of cargo comprising 61,665 tonnes of import cargo and 7,753 tonnes of export cargo including 3,761 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday.

Published 10 Jan, 2020 12:00am

Cotton & Textile

Cotton market: Strong demand pushes rates higher

Cotton prices moved up further on the cotton market on Thursday due to strong buying by mills and spinners, dealers said.

Published 10 Jan, 2020 12:00am

Commodities

China's iron ore futures hit over five months high

Iron ore futures in China surged to their highest close in over five months on Wednesday, on hopes of strong restocking demand from mills ahead of local holidays.

Published 10 Jan, 2020 12:00am

Money & Banking

Yen, Swiss franc on retreat in Asia

The Japanese yen and Swiss franc retreated on Thursday as the United States and Iran backed away from further conflict, with markets flipping back to the old habit of more risk-taking on hope of a US-China trade deal.

Published 10 Jan, 2020 12:00am

Money & Banking

Safe-haven units give back gains in Europe

Safe-haven currencies such as the Japanese yen retreated on Thursday as the United States and Iran backed away from further conflict, with markets resuming a more risk-taking approach on hopes of a US-China trade deal.

Published 10 Jan, 2020 12:00am

Money & Banking

Early trade in New York: Yen drops to two-week low against dollar

The safe-haven yen fell to two-week lows against the dollar on Thursday as the United States and Iran moved away from an all-out conflict, prompting investors to take on more risky assets and focus more on an upcoming US-China trade deal.

Published 10 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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