News Archives for Print - 2020-01-13

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Print - 2020-01-13

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. ((January 6 to 10, 2020).

Published 13 Jan, 2020 12:00am

Returns on Profit and Loss Sharing Investment Bank Accounts (JANUARY to JUNE 2019)

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

Published 13 Jan, 2020 12:00am

The Weather

The weather report on Sunday (January 12, 2019) and the forecast for Monday (January 13, 2019).

Published 13 Jan, 2020 12:00am

Aaj TV - Monday's schedule

All timings are in PST (Pakistan Standard Time).

Published 13 Jan, 2020 12:00am

Other

Djokovic beats Nadal, steers Serbia to ATP Cup title

An emotional Novak Djokovic overpowered long-time rival Rafael Nadal and led Serbia to victory in the inaugural ATP Cup Sunday, capping a perfect build up to his Australian Open title defence. The world number two blasted the top-ranked Spaniard off court

Published 13 Jan, 2020 12:00am

Other

Portuguese rider Paulo Goncalves killed after Dakar crash

Portuguese motorbike rider Paulo Goncalves has died after a crash during Sunday's Dakar Rally seventh stage, organisers announced.

Published 13 Jan, 2020 12:00am

Other

Kenya's Kipruto breaks 10km world record in Valencia

Kenya's Rhonex Kipruto set a new 10km road world record of 26 minutes 24 seconds in Valencia on Sunday. Kipruto bettered the previous fastest time set by Uganda's Joshua Cheptegei, also in Valencia last month, by 14 seconds.

Published 13 Jan, 2020 12:00am

Other

Matloob wins Bank Al Habib's 9th Rashid D Habib Memorial Golf Tournament

Matloob Ahmed wins Bank AL Habib's Rashid D. Habib Memorial National Professional Golf Tournament held today at Karachi Golf Club. He scored 276 gross 12 under and was awarded Rs. 707,250 as prize money. National Golfer Muhammad Shabbir is the runner up w

Published 13 Jan, 2020 12:00am

Other

Watford climb out the relegation zone

Watford captain Troy Deeney hailed the impact of Nigel Pearson in helping the Hornets bounce back from "rock bottom" after a 3-0 win at Bournemouth took them out of the Premier League relegation zone for the first time this season.

Published 13 Jan, 2020 12:00am

Other

Momota easily wins Malaysia Masters

World number one Kento Momota won the badminton Malaysia Masters after easily defeating Denmark's Viktor Axelsen 24-22, 21-11 on Sunday. The victory in Malaysia lends credence to Momota's drive to win the gold in July's Tokyo Olympics. The reigning world

Published 13 Jan, 2020 12:00am

Cricket

Buttler apologises for Test outburst

England wicketkeeper Jos Buttler on Sunday apologised for the language that landed him with a fine during the second Test against South Africa in Cape Town. Buttler was fined 15 percent of his match fee and given one demerit point by the International Cri

Published 13 Jan, 2020 12:00am

Other

Japanese star Suzuki defends women's world darts title

Japanese darts sensation Mikuru Suzuki produced a brilliant performance to down world number one Lisa Ashton in straight sets and claim her second straight women's BDO world darts championship title. The 37-year-old, seeded second, posted an 83.39 three-d

Published 13 Jan, 2020 12:00am

Other

Serena ends 3-year title drought, gives winnings to bushfire appeal

Serena Williams ended a three-year title drought and donated her winner's cheque to victims of the Australian bushfires in an emotional WTA Auckland Classic final on Sunday. Williams raised expectations for this month's Australian Open, where she can equa

Published 13 Jan, 2020 12:00am

Other

Pliskova wins in Brisbane to fire Australian Open warning

Karolina Pliskova said her tough three-set win over Madison Keys in the final of the Brisbane International on Sunday was the ideal preparation for next week's Australian Open. The Czech world number two won 6-4, 4-6, 7-5 in two hours, seven minutes on Pa

Published 13 Jan, 2020 12:00am

Cricket

Aussie cricket legends to pad up for bushfire relief

Cricket greats Shane Warne and Ricky Ponting will come out of retirement to skipper star-studded teams at a charity game to raise money for victims of Australia's bushfires, it was announced Sunday. Other former greats signed up for the "Bushfire Cricket

Published 13 Jan, 2020 12:00am

IT & Computers

Celebration at global electronics show amid technology turmoil

The Consumer Electronics Show opened Tuesday offers a chance to showcase the newest and shiniest gadgetry, looking past the turmoil engulfing the global technology industry.

Updated 13 Jan, 2020 07:34am

IT & Computers

Superfast 5G on the slow road at gadget gala

It will be revolutionary when superfast 5G mobile networks come to our gadgets, cars and digital lives. But the road to 5G remains agonizingly slow at the massive Consumer Electronics Show opening this week in Las Vegas, where ultrafast products are expec

Updated 13 Jan, 2020 07:10am

Telecommunication

Samsung unveils AI-powered digital avatar

A Samsung lab on Tuesday unveiled a digital avatar it described as an AI-powered "artificial human," claiming it is able to "converse and sympathize" like real people. The announcement at the opening of the 2020 Consumer Electronics Show in Las Vegas tout

Updated 13 Jan, 2020 07:10am

IT & Computers

AI-powered avatar at tech show touted as 'artificial human'

Avatars touted as "artificial humans" created a buzz Tuesday at the Consumer Electronics Show even as debate swirled on what exactly the digital entities were. Star Labs, a startup funded by Samsung, showed the painstakingly detailed AI-powered, two-dimen

Updated 13 Jan, 2020 07:24am

AI matches human brain cancer diagnosis

An AI computer model can diagnose and identify 10 of the most common types of brain cancer with the same accuracy as human doctors, researchers said on Monday. More than 15 million people worldwide are diagnosed with cancer every year, and 80 percent of t

Published 13 Jan, 2020 12:00am

Teen drinking, drug use tied to other risky behaviours

Teens who binge drink or abuse prescription opioids may be more likely to engage in other risky behaviors, too, two new studies suggest. Adolescents who binge drink are more likely to drive drunk or ride with drivers who are under the influence in early a

Published 13 Jan, 2020 12:00am

Genetic markers not very good for predicting disease risk

Many people worry about inheriting health problems from their parents, but a new approach to analyzing genetic contributions to disease risk suggests that for most diseases, commercial DNA tests are not the best way to assess the odds. For the study, rese

Published 13 Jan, 2020 12:00am

China believes new virus behind mystery pneumonia outbreak

China believes a mysterious pneumonia outbreak that struck 59 people is caused by a new strain of virus from the same family as SARS, which killed hundreds of people more than a decade ago. Lead scientist Xu Jianguo told the official Xinhua news agency th

Published 13 Jan, 2020 12:00am

Energy

Shareholders force Barclays to cut fossil fuel financing

A group of Barclays shareholders coordinated by responsible investment lobby group ShareAction want the bank to phase out financing fossil fuels, stepping up pressure on one of Europe's biggest funders of the sector.

Published 13 Jan, 2020 12:00am

Global Business Economy

Weak holiday sales at Kohl's, J.C. Penney spell more trouble for stores

Kohl's Corp and J.C. Penney Co Inc reported lower holiday season sales on Thursday, a sign that traditional brick-and-mortar retailers struggled to compete with record-breaking online shopping between Thanksgiving and New Year's Day.

Published 13 Jan, 2020 12:00am

Energy

Shell's New Energies boss Gainsborough to step down

Royal Dutch Shell's New Energies boss Mark Gainsborough will step down in April and be replaced by Elisabeth Brinton, who joined the business in 2018 and will oversee the company's plans to expand its low-carbon and power business.

Published 13 Jan, 2020 12:00am

Global Business Economy

Musk launches Tesla SUV programme at new China factory

Elon Musk showed off striptease moves at the launch of Tesla's Model Y electric sports utility vehicle programme at its new Shanghai factory on Tuesday, where the company delivered its first cars built outside the United States to the public.

Published 13 Jan, 2020 12:00am

Stocks

London's new year IPO will buck sad 2019 trend

London's first listing of the new decade should fare better than those that brought the old one to a sorry end. Smart-meter supplier Calisen said on Thursday it would look to sell 300 million pounds of new shares, plus an unspecified volume of private equ

Published 13 Jan, 2020 12:00am

Money & Banking

Goldman Sachs answers investor demands on consumer bank

Goldman Sachs Group Inc unveiled details about its consumer business for the first time on Tuesday and will start disclosing its results regularly as part of a broader reporting-line shuffle, responding to long-standing requests for more transparency from

Published 13 Jan, 2020 12:00am

Money & Banking

Governments may get windfall as Swiss National Bank posts big profit

The Swiss National Bank plans to pay out 2 billion Swiss francs ($2.05 billion) - and possibly more - to Switzerland's federal and cantonal governments after swinging to a big 2019 profit, it said on Thursday. The SNB expects an annual profit of 49 billio

Published 13 Jan, 2020 12:00am

Global Business Economy

Chinese government shell firms buy cash-strapped companies for first time

Local government shell companies in China bought into struggling privately run listed firms for the first time last year, veering from their typical remit of financing infrastructure projects to pump over $2 billion into cash-strapped businesses.

Published 13 Jan, 2020 12:00am

Money & Banking

UBS overhauls wealth business, cuts managers in big move under new boss

UBS is overhauling its flagship wealth management business, including shrinking its senior staff, in the first big strategic move under the division's new co-head Iqbal Khan as the bank looks to revive flagging profits.

Published 13 Jan, 2020 12:00am

IT & Computers

Private equity tries for the technology patriot premium

As private equity money earmarked for buying technology companies grows, targets are getting harder to find, at least in the United States. One solution is to create new ones.

Updated 13 Jan, 2020 07:29am

Global Business Economy

French transport strike drags on despite government compromise on pensions

A crippling French transport strike dragged into its 39th day on Sunday despite the government's offer to withdraw the most contested measure of the pension reform plans that sparked the protest.

Published 13 Jan, 2020 12:00am

Energy

South Africa president vows to restore reliable power supply

South African President Cyril Ramaphosa on Saturday said the country's debt-laden power utility Eskom would not be privatised and pledged to restore it to full capacity. Rolling blackouts were implemented several times last year to prevent the grid collap

Published 13 Jan, 2020 12:00am

Money & Banking

Jack Ma, Grab eye Singapore digital bank battle

Singapore is opening up its banking industry to digital lenders in a reform that could shake up the sector across Southeast Asia, with Chinese billionaire Jack Ma and ride-hailer Grab among those seeking licences.

Published 13 Jan, 2020 12:00am

Energy

Abu Dhabi-based agency calls for clean energy investments to double

An international agency promoting clean energy called Sunday for investments in renewable energy projects to be more than doubled, redirecting funds from fossil fuels.

Published 13 Jan, 2020 12:00am

IT & Computers

Spanish delivery firm Glovo out to conquer the world

With an ambitious 27-year-old boss and a growing army of computer engineers, Spanish start-up Glovo is chasing international growth by expanding beyond food deliveries, despite criticism of the working conditions of its drivers.

Updated 13 Jan, 2020 07:53am

Energy

Ethiopian PM asks South Africa to mediate Nile dam dispute

Ethiopian Prime Minister Abiy Ahmed on Sunday asked South Africa's President Cyril Ramaphosa to intervene in a long-running dispute with Egypt over a massive dam being built on the Blue Nile River. Ethiopia's ties to Egypt have soured since the east Afric

Published 13 Jan, 2020 12:00am

Global Business Economy

Firms in China remain wary despite US trade deal

Washington and Beijing may be ready to sign a preliminary trade agreement, but companies in China are not taking any chances, forging ahead with contingency plans in case the tariff war resumes. As Chinese Vice Premier Liu He travels to Washington from Mo

Published 13 Jan, 2020 12:00am

Stocks

Wall Street week ahead: As US election heats up, investors brace for volatility

A US stock market that has weathered trade wars, weak corporate earnings, and now a US-Iran conflict to continually hit record highs faces a new obstacle: the 2020 US election season.

Published 13 Jan, 2020 12:00am

Money & Banking

Canadian dollar seen losing upside momentum

The Canadian dollar, last year's top-performing G10 currency, will shift into a sideways trading pattern this year as the domestic economy softens and the recent boost from easing trade tensions fades, a Reuters poll showed.

Published 13 Jan, 2020 12:00am

Stocks

CITIC poised to beat Goldman to become first China firm to lead Asia equity rankings

CITIC Securities looks set to become the first Chinese firm to top annual equity capital markets (ECM) rankings for Asia-Pacific excluding Japan this year, a nose ahead of Goldman Sachs, according to data from Refinitiv.

Published 13 Jan, 2020 12:00am

Global Business Economy

Beefed-up EU markets watchdog goes mystery shopping

The European Union's markets watchdog is to significantly expand its payroll to help crack down on investor rip-offs by going "mystery shopping". The European Securities and Markets Authority set out in its three-year strategic plan on Thursday how it wil

Published 13 Jan, 2020 12:00am

Stocks

Left's Citron hedge fund posts 43 percent gain in first year

Andrew Left, who has long targeted companies that he thinks are over-valued through his work at Citron Research, told investors on Monday that his new hedge fund returned 43% after fees in 2019, its first year in business.

Published 13 Jan, 2020 12:00am

Money & Banking

CEE currencies seen falling in 2020 as growth slows

The Czech crown's strong run to start 2020 is likely to reverse in the next month and the Hungarian forint will creep back toward record lows this year, a Reuters poll showed, as analysts see slowing economies weighing on central European currencies.

Updated 13 Jan, 2020 06:51am

Stocks

Gulf stocks extend gains as US-Iran tension ease

All major Gulf stock markets opened higher on Sunday, extending their gains from the previous session, amid relief at no further escalation in tensions between Iran and the United States. Last week, US President Donald Trump backed away from days of angry

Updated 13 Jan, 2020 06:48am

Stocks

Saudi Aramco raises IPO to record $29.4 billion through greenshoe option

State-owned oil company Saudi Aramco said on Sunday it has exercised its "greenshoe option" to sell an additional 450 million shares, raising the size of its initial public offering (IPO) to a record $29.4 billion. Aramco initially raised a then-record $2

Updated 13 Jan, 2020 06:48am

Money & Banking

UK's watchdog wants overhaul of cash savings products

Britain's financial markets watchdog proposed an overhaul of cash saving products on Thursday designed to improve interest rates offered to long-standing customers. The Financial Conduct Authority (FCA) said last year that first-time customers for cash sa

Updated 13 Jan, 2020 06:48am

Money & Banking

Investors snap up Santander CoCo bond

Spain's largest bank Santander sold a 1.5 billion euro ($1.67 billion) CoCo bond on Thursday, its first since it shocked investors last February with its decision to not redeem a similar hybrid debt issue. It priced the CoCo, "callable" after six years, f

Updated 13 Jan, 2020 06:46am

Global Business Economy

Yuan bulls return on trade deal hopes

Bullish bets on the Chinese yuan scaled a near 10-month high with investors strengthening long positions on most Asian currencies, a Reuters poll showed, as prospects of an imminent Sino-US trade pact encouraged switches into riskier assets.

Published 13 Jan, 2020 12:00am

Iran Guards say missiles did not aim to kill US troops

Iran's Revolutionary Guards said Sunday they did not aim to kill US troops when firing a wave of missiles last week at Iraqi bases hosting American forces. "Our aim was not really to kill enemy soldiers. That was not important," the Guards' commander, Hos

Published 13 Jan, 2020 12:00am

Canada voices concern over Iran's arrest of British ambassador

Canada and several other countries with nationals killed in the shootdown of a civilian airliner called on Tehran Sunday to abide by its international commitments after Iranian authorities briefly arrested the British ambassador.

Published 13 Jan, 2020 12:00am

Human Rights Watch chief says barred from entering Hong Kong

Human Rights Watch chief Kenneth Roth said Sunday he had been denied entry into Hong Kong, where he had arrived to launch the watchdog's annual report after months of civil unrest in the city. "I had hoped to spotlight Beijing's deepening assault on inter

Published 13 Jan, 2020 12:00am

Iran agrees de-escalation 'only solution' to solve crisis with US

Iran signalled Sunday it favours a de-escalation after 10 days of heightened tensions with the United States during which both sides fired missiles and Tehran accidentally shot down a passenger aircraft. Security was stepped up in Iran's capital after a v

Published 13 Jan, 2020 12:00am

Fragile truce agreed in Libya after nine months of fighting

Both sides in Libya's conflict agreed to a ceasefire from Sunday to end nine months of fighting, following weeks of international diplomacy and calls for a truce by power-brokers Russia and Turkey. The oil-rich North African country has been wracked by bl

Published 13 Jan, 2020 12:00am

Malta gets new PM

Outsider Robert Abela is set to become Malta's new premier on Sunday after Prime Minister Joseph Muscat's downfall over the murder of an investigative journalist. Abela, who is seen as representing continuity, was elected leader of the Labour Party, meani

Published 13 Jan, 2020 12:00am

Anti-government fun run draws thousands of defiant Thais

Around 10,000 Thais joined a "run against dictatorship" on Sunday, shouting slogans and wielding three-finger salutes from the Hunger Games films in the largest show of political defiance since the 2014 coup.

Published 13 Jan, 2020 12:00am

Trump warns Iran not to kill protesters, door still open to talks

US Donald Trump warned Iran Sunday against killing protesters who have risen up over the regime's downing of a civilian airliner as his defense secretary left the door open to talks with Tehran without preconditions. Trump's salvo came as Iran's Islamic r

Published 13 Jan, 2020 12:00am

European powers urge Iran to fully return to nuclear deal

France, Germany and Britain on Sunday called on Iran to return to "full respect" of its commitments under Tehran's 2015 nuclear accord with world powers. The three European signatories to the deal have sought to salvage the accord intended to limit Iran's

Published 13 Jan, 2020 12:00am

At least 11 dead as storms sweep through US south

Severe storms sweeping the southern US killed at least 11 people, authorities said, as tornadoes and high winds upturned cars, destroyed homes and left tens of thousands without power. The storms hit parts of the south on Friday and were expected to move

Published 13 Jan, 2020 12:00am

China slams US for congratulating Tsai on Taiwan poll win

China on Sunday slammed officials from the US and other countries for congratulating Taiwan President Tsai Ing-wen after she was re-elected with a landslide victory in a stunning rebuke of Beijing's campaign to isolate the self-ruled island.

Published 13 Jan, 2020 12:00am

Indian police battle anti-Modi protesters over disputed law

Indian police baton-charged protesters Sunday to stop them reaching Prime Minister Narendra Modi's car as nationwide protests against a bitterly disputed citizenship law entered a second month. Tens of thousands staged protests through the night in the ea

Published 13 Jan, 2020 12:00am

Brief Recordings

An interview with Mohammad Hassan Bakshi, former chairman ABAD 'Karachi contributes 80 percent of all real estate taxes'

The ambitious Naya Pakistan Housing Program (NPHP), launched after much fanfare - and is PM Imran Khan's pet project announced right as he set off into PM office - has evidently hit some snags. Even though the government's commitment to facilitate a milli

Updated 14 Jan, 2020 09:16am

16 food points sealed

The Punjab Food Authority (PFA) on Sunday sealed 16 food points and imposed emergency prohibition order on six while carrying out a province-wide operation against sweets shops, desi ghee and khoya production units. The operation was led by PFA Director G

Published 13 Jan, 2020 12:00am

ACE Punjab recovers Rs 100.74 billion from 'corrupt elements' during 2019

The Anti-Corruption Establishment (ACE) Punjab has claimed to have achieved a historic milestone by recovering Rs 100.74 billion from "corrupt elements" during the year 2019. "Out of the total amount, Rs 1567.17 million was recovered under direct recovery

Published 13 Jan, 2020 12:00am

Gender-balanced workplaces: All Pakistan Women Movement hosts conference

All Pakistan Women Movement on Sunday hosted a conference on gender titled Evolve 2020-Inspire. The sensational event was brought to life by 30 eminent speakers from the industry who shared their ideas and insights on the importance of inclusion in workpl

Published 13 Jan, 2020 12:00am

Balochistan receives heavy rain, snowfall

Balochistan has received rain and snowfall while the met office has forecast chances of rain with occasional gusty winds in Karachi on Sunday.

Published 13 Jan, 2020 12:00am

Two pilots die in Sadiqabad plane crash

A plane crashed due to a technical fault while spraying insecticide in fields here on Sunday, resultantly two pilots of the Federal Department's Plant Protection Unit lost their lives. According to details, the district administration of Sadiqabad had cal

Published 13 Jan, 2020 12:00am

Traders' viewpoint: Transporters' strike badly affecting export sector

The countrywide strike of goods carriers and transport services have been entered in the second week, which is yielding negative impact over export sector, especially textile industry and halted the export activities putting millions of dollars export ord

Published 13 Jan, 2020 12:00am

Constable attacks DIG with knife in Lahore

A police constable critically injured Deputy Inspector General of Police (DIG) Shahzad Aslam in a knife attack at Qilla Gujjar Singh Police Line late on Saturday.

Published 13 Jan, 2020 12:00am

Pakistan paper, stationary and education expo concludes

Thousands visited Pakistan Paper, Stationary and Education Expo at Lahore Expo Centre on the concluding day on Sunday. The international conference started on Saturday that attracted corporate sector, families and students in huge numbers who showed great

Published 13 Jan, 2020 12:00am

Government to address MQM's reservations: NA speaker

Speaker National Assembly, Asad Qaiser has said that Muttahida Qoumi Movement (MQM) is the coalition partner of the PTI government and we will address their reservations. He was talking to the media on the occasion of the inaugural ceremony of a sports ga

Published 13 Jan, 2020 12:00am

Punjab earmarks Rs 10 billion for promoting sunflower's crop

Under Prime Minister's Agriculture Emergency Programme Punjab government has allocated Rs10 billion for the promotion of Sunflower crop across the Punjab. Official Sources told Business Recorder on Sunday that under the programme government was pro

Published 13 Jan, 2020 12:00am

Cotton & Textile

WEEKLY COTTON REVIEW: Prices maintain increasing trend

The trend in increase in prices of cotton remained continued. Cautious attitude of ginners, transport strike, fog and rains were hurdles behind trade volume. Special Task Force under the chair of Prime Minister was constituted to look after the production

Updated 13 Jan, 2020 06:45am

Fawad terms MQM-P's demands 'legal'

Federal Minister for Science and Technology, Fawad Chaudhry, said on Sunday that the demands raised by Muttahida Qaumi Movement Pakistan (MQM-P) as a political party were legal and it is not unusual for the emergence of differences between political parti

Published 13 Jan, 2020 12:00am

Quake jolts AJK, upper parts of country

A 4.7 magnitude earthquake tremor was felt in Azad Jammu and Kashmir (AJK) and upper parts of the country on Sunday. According to details, tremors were felt in Swat, Upper Dir, Muzaffarabad, Neelum Valley, GB and other areas. People came out of their home

Published 13 Jan, 2020 12:00am

Prices of essential food items continue to rise

Upward trend in prices of essential food commodities, including pulses, vegetable, flour, sugar, fruits, live chicken/meat, etc was witnessed in retail market during preceding week as compared to last week, said in a survey carried out Business Recorde

Published 13 Jan, 2020 12:00am

Trade fair held to showcase women handicrafts

A trade fair was organised to showcase the women handicrafts belonging different regions of the Khyber Pakhtunkhwa, in which Afghan refugees women entrepreneurs were also participated. The trade fair was held under auspices of the women Chamber of Commerc
Published 13 Jan, 2020 12:00am

People are responsible for ensuring Constitution's protection: CJP

Chief Justice of Pakistan Gulzar Ahmed has said the people of Pakistan have the responsibility to ensure that the country's constitution is protected by all means and all things done according to the mandate.
Published 13 Jan, 2020 12:00am

MQM-P won't take path of party's London-based founder: Ghani

Sindh Minister for Information, Archives and Labour Saeed Ghani on Sunday requested the government's allied parties not to be part of the tyranny for some ministries. Addressing at a ceremony in Karachi on Sunday, he hoped that the Muttahida Qaumi Movemen
Published 13 Jan, 2020 12:00am

Chinese CG's Gwadar visit concludes

Chinese Consul General in Karachi Li Bijian and several other government officials had finished their visit to Gwadar, after attending the inauguration ceremony of first LPG (Liquefied Petroleum Gas) Terminal at Gwadar Port. It is reported that Gwadar LPG
Published 13 Jan, 2020 12:00am

Tobacco industries caused Rs 153 billion loss to national exchequer

Society for the Protection of the Rights of the Child (SPARC), Human Development Foundation (HDF) and Pakistan National Heart Association (PANHA) organized a session on "loss of revenue because of deceptive tactics of tobacco industry" in Islamabad.
Published 13 Jan, 2020 12:00am

Good governance bill introduced in KP PA

The provincial government of Khyber Pakhtunkhwa has introduced Civil Administration (Public Service Delivery and Good Governance), Act, 2020 in the provincial assembly to establish and build an effective system of civil administration for good governance
Published 13 Jan, 2020 12:00am

Rains, cold weather to have good impact on Kinnow orchards: BMP

Secretary General, Businessmen Panel (BMP) Ahmad Jawad has said that ongoing rains and cold weather is putting good impacts on Kinnow orchards and overall citrus yield would also be enhanced during current season and it is expected Kinnow fruit may easily
Published 13 Jan, 2020 12:00am

Energy
Petroleum imports dip 21.79 percent in five months of FY20

The petroleum group imports into the country dipped by 21.79 percent during the first five months of the current fiscal year against the same period of last year.
Updated 13 Jan, 2020 06:46am

AJK PM condemns Indian army chief's statement

Prime Minister Azad Jammu and Kashmir (AJK) Raja Farooq Haider on Sunday strongly condemned Indian Army Chief General Manoj Mukund Naravane's recent provocative statement and said that Kashmiris living in AJK along-with armed forces are fully prepared to
Published 13 Jan, 2020 12:00am

Nine Pakistanis repatriated from Jeddah

The nine Pakistani who stuck in Saudi Arabia had been repatriated the other day after Community Welfare Attaché (CWA) Jeddah sorted out their problem. Special Assistant to the Prime Minister on Overseas Pakistanis and Human Resource Development Sayed Zulf
Published 13 Jan, 2020 12:00am

Ahmad Faraz remembered

The renowned revolutionary Poet Ahmad Faraz was remembered on his 89th birth anniversary on January 12. Few people are born in decades who leave their mark over others; Ahmad Faraz was one of them whose work and personality fetched him prominence all arou
Published 13 Jan, 2020 12:00am

Appointment of CEC, ECP members: Parliamentary committee to meet tomorrow

An important meeting of the Parliamentary Committee on the appointment of Chief Election Commissioner and Members of Election Commission of Pakistan is scheduled tomorrow (Tuesday) amidst the reports that the government and opposition are likely to reach
Published 13 Jan, 2020 12:00am

Stabilisation to keep growth subdued

The World Bank in its latest report titled "Global Economic Prospects, Slow Growth, Policy Challenges" states that growth in Pakistan is expected to languish at 3 percent or less through 2020 as macroeconomic stabilisation efforts weigh heavily on activit
Updated 13 Jan, 2020 06:24am

Terrorist strike in Quetta

Although there is a substantial reduction in terrorism-related fatalities in the rest of the country, Balochistan has had little respite. A suicide bomber struck inside a Quetta mosque on Friday, killing 15 people, including the prayer leader and a deputy
Updated 13 Jan, 2020 06:24am

Articles
Pakistan's monetary policy

A central bank's primary responsibility as per the International Monetary Fund (IMF) is to conduct monetary policy to achieve price stability (low and stable inflation) and to help manage economic fluctuations. Interestingly in 2017-18, when Pakistan was
Updated 13 Jan, 2020 06:39am

Articles
Economics of wars

"All war is a symptom of man's failure as a thinking animal," John Steinbeck. Wars are dangerous, costly, destructive and inhuman. Yet history shows how they are a political indulgence many politicians find irresistible. Power and superpower are the main
Updated 13 Jan, 2020 06:45am

Articles
US-China trade deal a mixed success for Trump

President Donald Trump is set to sign a trade deal with China on Wednesday that he will trumpet as a major victory, but it comes at a steep cost after a bitter two-year standoff between the world's two top economic powers. "The hard issues between the Uni
Updated 13 Jan, 2020 06:55am

Letters
Padukone's silent protest

That Bollywood superstar Deepika Padukone is different from other actors and actresses is a fact. Her sudden appearance at Delhi's Jawaharlal Nehru University (JNU) student protest has clearly galvanised Bollywood opposition to BJP government's Hindu rash
Updated 13 Jan, 2020 06:52am

OIC condemns bomb attack at Quetta mosque

The Organisation of Islamic Cooperation (OIC) Sunday strongly condemned the bomb attack which had targeted a mosque in Quetta on Friday and resulted into a number of fatalities and serious injuries.
Published 13 Jan, 2020 12:00am

Pelosi sees 'enough testimony' against Trump to convict

Top US Democrat Nancy Pelosi said Sunday she believes the impeachment probe into President Donald Trump produced "enough testimony to remove him from office" when the case moves to the Senate.
Published 13 Jan, 2020 12:00am

Oil, gas exploration: Fresh tenders of 18 blocks to be released: Firdous

Special Assistant to the Prime Minister on Information and Broadcasting Dr Firdous Ashiq Awan Sunday said the Pakistan Tehreek-e-Insaf (PTI) government would make the country corruption free and handover it to the next generation.
Published 13 Jan, 2020 12:00am

Indian police officer arrested for helping freedom fighters

A decorated Indian officer has been arrested for helping to transport freedom fighters in occupied Kashmir, the police chief of IOK said Sunday. Deputy superintendent Davinder Singh had worked for the police for decades and was a member of an elite counte
Published 13 Jan, 2020 12:00am

Previous Day

Forex
World
Commodity

Currency Rate

USD PKR Interbank Selling / Apr 17

280.67

USD PKR Interbank Buying / Apr 17

280.47

USD to Japanese Yen / Apr 17

142.81

USD to Swiss Franc / Apr 17

0.82

Pound Sterling to USD / Apr 17

1.32

Euro to USD / Apr 17

1.14

UK LIBOR % / Apr 16

4.96

Stock Volume

S&P 500 / Apr 16

5,275.70

Nasdaq / Apr 16

16,307.16

Dow Jones / Apr 16

39,669.39

India Sensex / Apr 17

77,621.26

Tokyo Nikkei / Apr 17

34,285.53

Hang Seng / Apr 17

21,352.47

FTSE 100 / Apr 17

8,207.23

Germany DAX 30 / Apr 17

21,240.89

France CAC40 / Apr 17

7,290.96

Item Value

Karachi Cotton PKR/37.32 KG / Apr 16

16,985

Gold 10 Grams PKR / Apr 16

298,353

Petrol/Litre / Apr 17

254.63

Crude Oil USD/Barrel / Apr 17

63.25

Gold Spot USD/Ounce / Apr 17

3,331.95

Diesel/Litre / Apr 17

258.64

Cotton US¢/pound / Apr 17

66.66

Gainers
Losers
Leaders

Stock Price

Ghazi Fabrics / Apr 17

Ghazi Fabrics International Limited(GFIL)

8.36

▲ 1 (13.59%)

UDL International / Apr 17

UDL International Limited(UDLI)

8.52

▲ 1 (13.3%)

Escorts Bank / Apr 17

Escorts Investment Bank Limited(ESBL)

6.84

▲ 0.76 (12.5%)

Chakwal Spinning / Apr 17

Chakwal Spinning Mills Limited(CWSM)

57.93

▲ 5.27 (10.01%)

United Brands / Apr 17

United Brands Limited(UBDL)

23.18

▲ 2.11 (10.01%)

S.S.Oil / Apr 17

S.S.Oil Mills Limited(SSOM)

244.59

▲ 22.24 (10%)

Pak Gulf Leasing / Apr 17

Pak-Gulf Leasing Company Limited(PGLC)

21.89

▲ 1.99 (10%)

PIA Holding Co.B / Apr 17

PIA Holding Company Limited B(PIAHCLB)

1,928.97

▲ 175.36 (10%)

Trust Sec.& Brok. / Apr 17

Trust Securities & Brokerage Limited(TSBL)

13.97

▲ 1.27 (10%)

Bolan Casting / Apr 17

Bolan Castings Limited(BCL)

104.06

▲ 9.46 (10%)

Stock Price

Oilboy Energy(R) / Apr 17

Oilboy Energy Limited(R)(OBOYR2)

1.07

▼ -0.31 (-22.46%)

Gulshan Sp. / Apr 17

Gulshan Spinning Mills Limited(GSPM)

3.48

▼ -0.46 (-11.68%)

Blue-Ex Ltd / Apr 17

Blue-Ex Limited (GEM)(GEMBLUEX)

56.69

▼ -6.29 (-9.99%)

Int. Knit. / Apr 17

International Knitwear Limited(INKL)

14.84

▼ -1.56 (-9.51%)

Jubilee Gen. Ins. / Apr 17

Jubilee General Insurance Limited(JGICL)

49.52

▼ -4.7 (-8.67%)

Bawany Air Products / Apr 17

Bawany Air Products Limited(BAPL)

32.39

▼ -2.92 (-8.27%)

Asim Textile / Apr 17

Asim Textile Mills Limited(ASTM)

13.40

▼ -1.2 (-8.22%)

Jahangir Sidd(Pref) / Apr 17

Jahangir Sidd(Pref)(JSCLPSA)

8.85

▼ -0.6 (-6.35%)

Sanghar Sugar / Apr 17

Sanghar Sugar Mills Limited(SANSM)

50.83

▼ -3.24 (-5.99%)

The Thal Ind.Corp. / Apr 17

The Thal Industries Corporation Limited(TICL)

340.04

▼ -19.97 (-5.55%)

Stock Volume

Maple Leaf Cement / Apr 17

Maple Leaf Cement Factory Limited(MLCF)

23,794,610

▲ 3.81

B.O.Punjab / Apr 17

The Bank of Punjab(BOP)

23,321,095

▲ 0.15

Cnergyico PK / Apr 17

Cnergyico PK Limited(CNERGY)

17,945,036

▲ 0.02

Fauji Cement / Apr 17

Fauji Cement Company Limited(FCCL)

16,949,781

▲ 1.19

National Bank / Apr 17

National Bank of Pakistan(NBP)

16,604,549

▲ 4.2

WorldCall Telecom / Apr 17

Worldcall Telecom Limited(WTL)

14,865,718

▲ 0

Pace (Pak) Ltd. / Apr 17

Pace (Pakistan) Limited(PACE)

14,613,210

▲ 0.21

Sui South Gas / Apr 17

Sui Southern Gas Company Limited(SSGC)

11,876,679

▲ 1.06

Hascol Petrol / Apr 17

Hascol Petroleum Limited(HASCOL)

10,975,030

▲ 0.09

United BankXD / Apr 17

United Bank Limited(UBL)

10,968,701

▲ 16.02

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Past 3 Days

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NJLI Sarmaya Growth Fund Rates

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Rs1.275trn loan to tackle circular debt: CPPA-G likely to sign term sheets with 18 banks

Punjab’s wheat policy: playing with fire

Gold price per tola jumps Rs8,600 to another all-time high in Pakistan

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Baggasse-fired IPPs: Nepra set to approve 60% hike in FCC

Relief for the salaried people

Currency	Rate
USD PKR Interbank Selling / Apr 17	280.67
USD PKR Interbank Buying / Apr 17	280.47
USD to Japanese Yen / Apr 17	142.81
USD to Swiss Franc / Apr 17	0.82
Pound Sterling to USD / Apr 17	1.32
Euro to USD / Apr 17	1.14
UK LIBOR % / Apr 16	4.96

Stock	Volume
S&P 500 / Apr 16	5,275.70
Nasdaq / Apr 16	16,307.16
Dow Jones / Apr 16	39,669.39
India Sensex / Apr 17	77,621.26
Tokyo Nikkei / Apr 17	34,285.53
Hang Seng / Apr 17	21,352.47
FTSE 100 / Apr 17	8,207.23
Germany DAX 30 / Apr 17	21,240.89
France CAC40 / Apr 17	7,290.96

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 16	16,985
Gold 10 Grams PKR / Apr 16	298,353
Petrol/Litre / Apr 17	254.63
Crude Oil USD/Barrel / Apr 17	63.25
Gold Spot USD/Ounce / Apr 17	3,331.95
Diesel/Litre / Apr 17	258.64
Cotton US¢/pound / Apr 17	66.66

Stock	Price
Ghazi Fabrics / Apr 17 Ghazi Fabrics International Limited(GFIL)	8.36 ▲ 1 (13.59%)
UDL International / Apr 17 UDL International Limited(UDLI)	8.52 ▲ 1 (13.3%)
Escorts Bank / Apr 17 Escorts Investment Bank Limited(ESBL)	6.84 ▲ 0.76 (12.5%)
Chakwal Spinning / Apr 17 Chakwal Spinning Mills Limited(CWSM)	57.93 ▲ 5.27 (10.01%)
United Brands / Apr 17 United Brands Limited(UBDL)	23.18 ▲ 2.11 (10.01%)
S.S.Oil / Apr 17 S.S.Oil Mills Limited(SSOM)	244.59 ▲ 22.24 (10%)
Pak Gulf Leasing / Apr 17 Pak-Gulf Leasing Company Limited(PGLC)	21.89 ▲ 1.99 (10%)
PIA Holding Co.B / Apr 17 PIA Holding Company Limited B(PIAHCLB)	1,928.97 ▲ 175.36 (10%)
Trust Sec.& Brok. / Apr 17 Trust Securities & Brokerage Limited(TSBL)	13.97 ▲ 1.27 (10%)
Bolan Casting / Apr 17 Bolan Castings Limited(BCL)	104.06 ▲ 9.46 (10%)

Stock	Price
Oilboy Energy(R) / Apr 17 Oilboy Energy Limited(R)(OBOYR2)	1.07 ▼ -0.31 (-22.46%)
Gulshan Sp. / Apr 17 Gulshan Spinning Mills Limited(GSPM)	3.48 ▼ -0.46 (-11.68%)
Blue-Ex Ltd / Apr 17 Blue-Ex Limited (GEM)(GEMBLUEX)	56.69 ▼ -6.29 (-9.99%)
Int. Knit. / Apr 17 International Knitwear Limited(INKL)	14.84 ▼ -1.56 (-9.51%)
Jubilee Gen. Ins. / Apr 17 Jubilee General Insurance Limited(JGICL)	49.52 ▼ -4.7 (-8.67%)
Bawany Air Products / Apr 17 Bawany Air Products Limited(BAPL)	32.39 ▼ -2.92 (-8.27%)
Asim Textile / Apr 17 Asim Textile Mills Limited(ASTM)	13.40 ▼ -1.2 (-8.22%)
Jahangir Sidd(Pref) / Apr 17 Jahangir Sidd(Pref)(JSCLPSA)	8.85 ▼ -0.6 (-6.35%)
Sanghar Sugar / Apr 17 Sanghar Sugar Mills Limited(SANSM)	50.83 ▼ -3.24 (-5.99%)
The Thal Ind.Corp. / Apr 17 The Thal Industries Corporation Limited(TICL)	340.04 ▼ -19.97 (-5.55%)

Stock	Volume
Maple Leaf Cement / Apr 17 Maple Leaf Cement Factory Limited(MLCF)	23,794,610 ▲ 3.81
B.O.Punjab / Apr 17 The Bank of Punjab(BOP)	23,321,095 ▲ 0.15
Cnergyico PK / Apr 17 Cnergyico PK Limited(CNERGY)	17,945,036 ▲ 0.02
Fauji Cement / Apr 17 Fauji Cement Company Limited(FCCL)	16,949,781 ▲ 1.19
National Bank / Apr 17 National Bank of Pakistan(NBP)	16,604,549 ▲ 4.2
WorldCall Telecom / Apr 17 Worldcall Telecom Limited(WTL)	14,865,718 ▲ 0
Pace (Pak) Ltd. / Apr 17 Pace (Pakistan) Limited(PACE)	14,613,210 ▲ 0.21
Sui South Gas / Apr 17 Sui Southern Gas Company Limited(SSGC)	11,876,679 ▲ 1.06
Hascol Petrol / Apr 17 Hascol Petroleum Limited(HASCOL)	10,975,030 ▲ 0.09
United BankXD / Apr 17 United Bank Limited(UBL)	10,968,701 ▲ 16.02