News Archives for Print - 2020-01-15

Print - 2020-01-15

Stocks

SECP introduces separate category for transgender community

The Securities and Exchange Commission of Pakistan (SECP) has introduced a separate category for members of transgender community in its online portal for company registration and compliance, i.e. eServices.

Published 15 Jan, 2020 12:00am

Stocks

NIT selects World-Check from Refinitiv

Pakistan's first and largest asset management company National Investment Trust Limited (NITL) has selected World-Check from Refinitiv to support its compliance effectiveness in line with the provisions of the Securities and Exchange Commission of Pakista

Published 15 Jan, 2020 12:00am

Qureshi will visit Washington from January 16

Foreign Minister Shah Mahmood Qureshi will visit Washington on 16-17 January 2020 as part of Pakistan's diplomatic outreach aimed at de-escalation of tension between United States and Iran.

Published 15 Jan, 2020 12:00am

Energy

KE conducts preventive maintenance

K-Electric regularly conducts routine annual maintenance and upgrades on its power infrastructure, for which shutdowns are necessary. Planned maintenance and upgrades are often undertaken during the winter months to reduce inconvenience to customers. Regi

Published 15 Jan, 2020 12:00am

Snowfall, rains claim 83 lives in AJK, Balochistan

At least 83 people died in Azad Jammu and Kashmir (AJ&K) and Balochistan in various incidents following heavy snowfall and rains, authorities said.

Published 15 Jan, 2020 12:00am

Stocks

Selling pressure sets in on PSX: BRIndex100 depressed

After witnessing a highly volatile session, Pakistan Stock Exchange Tuesday ended on a negative note.

Published 15 Jan, 2020 12:00am

Industrial consumers: Government to restart billing of taxes, surcharges, fuel adjustment

Federal Government has decided to restart billing of taxes, surcharges and positive fuel adjustment from industrial consumers of power Distribution Companies (Discos) and Karachi-Electric (KE). In this regard, Power Division has written a letter to Chief

Published 15 Jan, 2020 12:00am

Five 'disputed' properties excluded from sell-off list

A meeting of the Cabinet Committee on Privatization (CCoP) excluded five properties from the list of 32 properties placed on privatization list by giving three of these to Naya Pakistan Housing project.

Published 15 Jan, 2020 12:00am

Public sector jobs: Cabinet takes big step

The federal cabinet on Tuesday issued directives to the ministries and divisions to complete the recruitment process on 129,301 vacant posts within four months and decide the disciplinary matters related to civil servants on fast track basis. Special Assi

Published 15 Jan, 2020 12:00am

Commanders discuss US-Iran standoff

Chief of the Army Staff (COAS) General Qamar Bajwa said on Tuesday that Pakistan will continue to play its role for regional peace without compromising on national security.

Published 15 Jan, 2020 12:00am

ATT starts from Gwadar Port

Afghan Transit Trade has been started from Gwadar Port with a ship with cargo for Afghanistan anchored at the port. The ship carrying first consignment of fertilizer for Afghanistan reached the port, Gwadar port sources said.

Published 15 Jan, 2020 12:00am

FBR explains how importers can supply items to markets

Federal Board of Revenue (FBR) on Tuesday allowed importers to freely supply imported retail items in the domestic markets in cases where importers have intimated the commissioners about undertakings to print the retail price within 10 days of release/cle

Published 15 Jan, 2020 12:00am

House to vote today to send impeachment to Senate

The US House of Representatives will vote Wednesday on sending articles of impeachment against Donald Trump to the Senate, setting the stage for the president's trial for abuse of power, House Speaker Nancy Pelosi announced.

Published 15 Jan, 2020 12:00am

SBP imposes penalty on five banks

The State Bank of Pakistan (SBP) has imposed monetary penalty of Rs 219.138 million on five banks during December 2019 on procedural violations in the area of foreign exchange operations and Know Your Customer (KYC).

Published 15 Jan, 2020 12:00am

Customers' assets: Brokers must meet AML, CFT requirement: SECP

The Securities and Exchange Commission of Pakistan (SECP) Tuesday conveyed to the brokers' community that the new brokers' regime aims to ensure that custody of customers' assets is only allowed to brokers with sufficient capacity to meet the requisite le

Published 15 Jan, 2020 12:00am

EU states launch process disputing Iran's nuclear compliance

Three EU countries on Tuesday launched a process charging Iran with failing to observe the terms of the 2015 deal curtailing its nuclear programme, a move that sparked anger and threats from Tehran at a time of intensifying tensions.

Published 15 Jan, 2020 12:00am

Appointments of CEC, two members: Government, opposition agree to end deadlock

The government and opposition have agreed to end the deadlock in making key appointments in Election Commission of Pakistan (ECP), including the chief election commissioner (CEC) and two members against the vacant positions of the Commission from Sindh an

Published 15 Jan, 2020 12:00am

Maryam's name placed on ECL

The government on Tuesday placed names of Pakistan Muslim League-Nawaz Vice President Maryam Nawaz and PML-N leader Javed Latif on Exit Control List (ECL). The cabinet meeting gave the approval to put names of Maryam and Latif on ECL.

Published 15 Jan, 2020 12:00am

This is last opportunity for PIA rehab: CJP

The Supreme Court on Tuesday directed the authorities to complete process for degree verification of Pakistan International Airlines (PIA) employees and submit the final report on the next hearing.

Published 15 Jan, 2020 12:00am

Letters

Ball's in industrialists' court

Country's economy cannot come out of the woods in the absence of increased exports, investments and domestic savings. That is why perhaps prime minister Imran Khan has been laying a lot of emphasis on higher exports. Moreover, he appears to be mindful of

Published 15 Jan, 2020 12:00am

Articles

Dichotomy or political consensus?

The year 2020 will be critical for both the government and the opposition. This will be the year in which our country can be put on the path of prosperity provided the right attitude towards governing can take shape. Furthermore, the opposition must provi

Published 15 Jan, 2020 12:00am

Articles

Beating the odds: growth in global recession

A few days into the new year, Pakistan has been faced with lowered growth rate projections for the current fiscal year as well as the next two years according to the World Bank, factoring in tighter monetary policy and fiscal consolidation. Although this

Published 15 Jan, 2020 12:00am

Articles

A broken economic system

Only the rich countries can afford the luxury of free market economy (FME). Indeed, FME is a luxury the rich countries have enjoyed to the hilt over the last 40 years while the not-so-rich and the poor suffered horrendously from this system. Whatever weal

Published 15 Jan, 2020 12:00am

Qaboos the benevolent ruler

What an ironic paradox that Sultan Qaboos of Oman died at a time the Middle East he had tried all his life to keep calm and peaceful was beset with yet another round of profound turbulence. He breathed his last on Friday, two days after the Iranian air de

Updated 15 Jan, 2020 07:05am

Greater emphasis on higher exports

Prime Minister Imran Khan while chairing a performance review of the Commerce Division directed that export targets be fixed as increasing exports is his administration's priority. Commerce Division has been setting export targets for decades, however, ra

Updated 15 Jan, 2020 09:35am

Gold down by Rs 400 per tola

Gold on Tuesday was traded for Rs 89200 per tola, down by Rs 400 on the local market, traders said. The precious metal was available for Rs 76475 per 10 grams, low by Rs 343 and $1543 an ounce, down by $10. Silver was selling for Rs 1070 per tola, Rs 917.

Published 15 Jan, 2020 12:00am

KP Assembly adopts Vagrancy Restraint Bill 2020

The Khyber Pakhtunkhwa Assembly Tuesday unanimously passed the KP Vagrancy Restraint Bill 2020 to form a steering committee and establishment of Darul Kafala to mobilize and motivate the general public for all kinds of contributions for the well being of

Published 15 Jan, 2020 12:00am

Qureshi condoles death of Qaboos

Foreign Minister Shah Mahmood Qureshi on Tuesday offered heartfelt condolences on the behalf of President Arif Alvi, Prime Minister Imran Khan and people of Pakistan on the sad demise of Oman's Sultan Qaboos Bin Said Al Said with Sultan Haitham Bin Tariq

Published 15 Jan, 2020 12:00am

Peace deal: Afghan politicians call for taking all groups on board

The Afghan politicians on Tuesday called for taking all the groups inside the war-torn Afghanistan on board for a peace deal that would be acceptable to all within the country and would address the concerns of the regional players.

Published 15 Jan, 2020 12:00am

Afridi, Sanullah trade barbs against each other in NA

State Minister for Narcotics Control Sheryar Afridi and Rana Sanullah of Pakistan Muslim League-Nawaz (PML-N) on Tuesday traded barbs as the former urged the latter to face the trial with his chest out if he is 'man enough.'

Published 15 Jan, 2020 12:00am

Nawaz's medical report Punjab government raises some objections

The Punjab government has raised some objections to a medical report attached with an appeal of the former premier Nawaz Sharif seeking extension in his bail in the light of the Islamabad High Court's (IHC) decision.

Published 15 Jan, 2020 12:00am

Disparities in wealth details: Bilawal's reply submitted to ECP

Chairman Pakistan Peoples Party (PPP) Bilawal Bhutto Zardari on Tuesday submitted reply in the Election Commission of Pakistan (ECP) through his counsel regarding alleged disparities in his wealth details submitted with the electoral body while questionin

Published 15 Jan, 2020 12:00am

Post-legislative scrutiny: Government agrees to defer bill on Opposition's request

On the request of opposition, the government on Tuesday agreed to defer a bill pertaining to post-legislative scrutiny.

Published 15 Jan, 2020 12:00am

Commercial operation of NutriCo Morinaga begins

NutriCo Morinaga (Private) Limited, a joint venture between ICI Pakistan Limited, Unibrands (Private) Limited and Morinaga Milk Industry Co Ltd., commenced commercial operations of growing up formula products at its manufacturing facility on January 10, 2

Published 15 Jan, 2020 12:00am

Shifa Tameer-e-Millat University's convocation held at Islamabad

As many as 326 graduates of Shifa Tameer-e-Millat University (STMU) on Saturday received degrees, gold & silver medals and other awards on seventh STMU convocation at the Jinnah Convention Centre, Islamabad, attended by the deans, heads of the departments

Published 15 Jan, 2020 12:00am

Efforts afoot to deal with challenge of inflation: Hafeez

Adviser to Prime Minister on Finance Dr Abdul Hafeez Shaikh has said the government after stabilization of economy is taking steps now to deal with the challenge of inflation and enhance domestic productivity through greater spending on social safety net.

Published 15 Jan, 2020 12:00am

Senate passes 'The Naya Pakistan Housing, Development Authority Bill, 2019

The Upper House of the Parliament on Tuesday unanimously passed 'The Naya Pakistan Housing and Development Authority Bill, 2019,' for the purposes of planning, development, construction and management of real estate development schemes and projects, inclu

Published 15 Jan, 2020 12:00am

LCCI hails FBR for convening traders' moot

Progressive Group at the Lahore Chamber of Commerce & Industry (LCCI) has welcomed the Federal Bureau of Revenue (FBR) for convening a traders' moot in the federal capital to discuss issues with Prime Minister Imran Khan.

Published 15 Jan, 2020 12:00am

Limited supply chain of live animals hinders meat export

Pakistan is unable to increase its export of meat due to limited supply chain of live animals for the slaughter houses and massive consumption within the country, official sources told Business Recorder.

Published 15 Jan, 2020 12:00am

CDGL okays Rs 320 billion for uplift works

The district government has approved over Rs 320 billion funds for development works. The district administration accorded this approval in the meeting of district development committee.

Published 15 Jan, 2020 12:00am

Parliamentary body voices concern over sale of low quality drugs at PIMS

A parliamentary committee on Tuesday expressed concerns over sale of low quality medicines (local) instead of medicines manufactured by multinational companies at the private pharmacies of Pakistan Institute of Medical Sciences (PIMS), the largest hospita

Published 15 Jan, 2020 12:00am

Zulfi's appointment as PTDC chief: IHC issues notices to secretaries, others

The Islamabad High Court (IHC) Tuesday issued notices to secretaries of Cabinet Division and Establishment Division and others regarding appointment of Zulfiqar Bukhari as chairman Pakistan Tourism Development Corporation (PTDC) and establishment of Natio

Published 15 Jan, 2020 12:00am

SC suspends LHC order, AG describes Inam as 'spy'

The Supreme Court on Tuesday suspended Lahore High Court (LHC) order to release Col Inam Ul Rahiem (retd) after the Attorney General for Pakistan revealed that he has links with spy network.

Published 15 Jan, 2020 12:00am

Seafood export up by 27.29 percent

Country's seafood export grew by 27.29 percent to $184.293 million in July-Nov 2019, official figure says.

Published 15 Jan, 2020 12:00am

PBIF chief underscores need for direct taxation to reduce poverty

President Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain, has said that the policy of burdening poor to enhance revenue collection is damaging for the country and society and we need a progressive tax system focusing on direct tax

Published 15 Jan, 2020 12:00am

International moot on Sindh's economic, social history held at SU

The future strategy for economic and social development of Sindh has to be carefully charted out, as any linear derivation from the national strategy, without careful adaptation in the light of the sharp urban-rural, ethno-linguistic, agriculture-non agri

Published 15 Jan, 2020 12:00am

Pakistan to participate in German consumer goods show

Pakistan will participate in the world's largest consumer goods show - Ambiente - to be held from 7 to 11 February 2020 in Frankfurt. 'Ambiente 2020' is offering unique spectrum of products for the table, kitchen and housewares, gifts and decorative artic

Published 15 Jan, 2020 12:00am

Government urged to provide gas connection to new industrial units

President Mian Anjum Nisar and vice president Sheikh Sultan Rehman of the Federation of Pakistan Chambers of Commerce & Industry (FPCCI) have urged the government to provide gas connection to new industrial units as well as uninterrupted supply of gas to

Published 15 Jan, 2020 12:00am

Division of Sindh unacceptable to PTI: Ismail

Governor Sindh Imran Ismail has said that the division of Sindh is not acceptable and Pakistan Tahreek-e-Insaf (PTI) stands with the people of Sindh.

Published 15 Jan, 2020 12:00am

IPO-Pakistan urged to streamline copyright registration process

The artist community has demanded Intellectual Property Organization (IPO-Pakistan) to streamline the Copyright registration process and bring it in line with the needs of the modern times.

Published 15 Jan, 2020 12:00am

Punjab to restructure TDCP

The Punjab government has decided to restructure Tourism Development Corporation of Punjab (TDCP) with a view to promote tourism and culture. It was also decided to conserve buildings and sites of historical importance, and to bring youth in mainstream.

Published 15 Jan, 2020 12:00am

Stocks

Proposed regime: SECP ignores certain important facts: stockbrokers

The PSX Stockbrokers Association has said that the draft Stockbrokers Regime (SRO No. 26 (I)/2020 dated 10-01-2020) dividing, stockbrokers into three categories have been proposed by the Securities and Exchange Commission of Pakistan (SECP), without consi

Published 15 Jan, 2020 12:00am

Various projects completed despite centre's non-cooperation: Ghani

Sindh Minister for Information, Archives and Labour Saeed Ghani Tuesday said the Sindh government had completed numerous development projects for Karachi, despite the non-cooperation of the federal government.

Published 15 Jan, 2020 12:00am

Sea Guardians-2020 concludes successfully

Closing Ceremony of sixth bilateral exercise Sea Guardians-2020 between Pakistan Navy and PLA (Navy) was held at Pakistan Navy Dockyard, Karachi. Deputy Commander of Southern Theatre Command PLA, Vice Admiral Dong Jun graced the occasion as Chief Guest. C

Published 15 Jan, 2020 12:00am

Commodities

Urea offtake jumps to 6.2 million tons in CY2019

Urea offtake surged to some 6.2 million tons during the last year (CY2019) supported by attractive wheat support price.

Published 15 Jan, 2020 12:00am

Urban land record: World Bank praises Punjab for digitalisation

The World Bank has acknowledged effective steps being taken by Punjab government with regard to initiating digitalization of urban land record in the province.

Published 15 Jan, 2020 12:00am

PRCS chairman visits NUST

Abrar-ul-Haq, Chairman Pakistan Red Crescent Society (PRCS), paid a visit to National University of Sciences & Technology (NUST) on Tuesday. Upon arrival, the guest was greeted by Lt-Gen Naweed Zaman (retd), Rector NUST, followed by a one-on-one meeting b

Published 15 Jan, 2020 12:00am

Success of IT projects depends on police's behaviour: IGP

Inspector General of Police Punjab Shoaib Dastagir has said that success of all initiated IT projects with respect to modern policing and smart working are conditioned with polite behaviour, diligent performance and quick response to public, therefore off

Published 15 Jan, 2020 12:00am

Commodities

Sugarcane crushing mechanism reviewed

Secretary Food Punjab Waqas Ali Mehmood visited Faisalabad and chaired a meeting regarding sugarcane crushing season and price control mechanism in DC office. Deputy Commissioner Muhammad Ali gave a detailed briefing on the crushing season and price contr

Published 15 Jan, 2020 12:00am

Hyundai Porter's delivery begins

Hyundai Nishat Motor (Private) Limited, as per commitment has commenced the deliveries of its locally assembled Hyundai Porter H-100 Pickup, after the bookings were announced open on 3rd December 2019.

Published 15 Jan, 2020 12:00am

Government set to lose allies: PPP

President Pakistan Peoples Party (PPP) Lahore Aziz-ur-Rehman Chan said on Tuesday that the Pakistan Tehreek-e-Insaf (PTI) government is set to lose its supports and the allies of this incompetent government also dissatisfied.

Published 15 Jan, 2020 12:00am

PM to inaugurate Quaid-e-Azam Apparel Park: minister

Provincial Minister for Industries and Trade, Mian Aslam Iqbal has said that Prime Minister Imran Khan would inaugurate Quaid-e-Azam Apparel Park near Motorway in Sheikhupura in the month of March.

Published 15 Jan, 2020 12:00am

WWF-P desires to work with EPD Punjab

World Wide Fund for Nature (WWF-Pakistan) has expressed its desire to work in collaboration with the Environment Protection Department (EPD) Punjab to see a world where forests are properly valued not just for the wood they supply but for many other benef

Published 15 Jan, 2020 12:00am

CM Punjab reviews operational issues of OLMT project

Chief Minister Punjab Sardar Usman Buzdar chaired a meeting at his office here Tuesday, to review operational and maintenance contract of Lahore Orange Line Metro Train (OLMT) project and said that the fare of the train would be according to the capacity

Published 15 Jan, 2020 12:00am

Faisalabad city's problems to be resolved on priority: MNAs

Parliamentarians belonging to Faisalabad have unanimously assured that problems confronted by the city would be discussed at appropriate levels and resolved on top priority basis.

Published 15 Jan, 2020 12:00am

Emirates offer customers special discounts

Emirates, a national carrier of United Arab Emirates (UAE), is offering its Pakistani customers special discounts of up to 15 percent in economy class and 20 percent in business class to destinations across its global network.

Published 15 Jan, 2020 12:00am

Articles

Partly Facetious : Normal English rules do not apply to our politics

"Hmmm, so what should the prime minister do if a federal minister owes his first fealty not to the prime minister?"

Published 15 Jan, 2020 12:00am

Cotton & Textile

Textile products: Exporters to get big orders shortly: Ashrafi

"It is expected that during next two months Pakistani exporters will receive big export orders of home textile products," Vice President of SITE Association of Industry, Farhan Ashrafi said.

Published 15 Jan, 2020 12:00am

Sales of locally assembled cars down 38 percent YoY in December

The sales of locally assembled cars have witnessed 38 percent YoY decline in December, 2019.

Published 15 Jan, 2020 12:00am

Taxes

Kashmir trade: Pakistan Customs clarification

Apropos different news regarding Kashmir Trade: It is clarified that Kashmir trade is in fact name of limited trade between Azad Kashmir and Occupied Kashmir. These goods are brought into Azad Kashmir for local consumption, without payment of duty and tax

Published 15 Jan, 2020 12:00am

NHA recommends 2nd revised PC-1 of Malakand Tunnel project

The National Highway Authority's (NHA) Executive Board has recommended the 2nd revised PC-1 of Malakand Tunnel project at a cost of Rs23.565 billion against the original PC-1 of Rs9.043 billion, it is learnt.

Published 15 Jan, 2020 12:00am

Brief Recordings

Shabbir Tiles and Ceramics Limited

Shabbir Tiles and Ceramics Limited (PSX: STCL) was founded by the 'House of Habib' in 1978 as a public listed company. It was done through strategic and technical collaboration of Agrob Anlagenbau GmbH of West Germany.

Updated 15 Jan, 2020 06:17am

Under pressure, Iran makes first arrests over airliner downing

Iran announced Tuesday its first arrests over the shooting down of a Ukrainian airliner last week, as it struggles to contain the fallout from the disaster that sparked three days of protests.

Published 15 Jan, 2020 12:00am

US slaps sanctions over N Korea overseas workers

The United States on Tuesday imposed sanctions on two companies for exploiting North Korean overseas labor after a UN deadline to return workers who bring vital revenue to the regime.

Published 15 Jan, 2020 12:00am

Microsoft CEO critical of new India citizenship law

Microsoft's chief executive hit out at the government of his native India and joined criticism of a new citizenship law that opponents of Prime Minister Narendra Modi say is anti-Muslim.

Published 15 Jan, 2020 12:00am

Lebanon regains UN voting rights after paying arrears

Lebanon regained its voting rights at the United Nations after paying outstanding dues it owed the international body, a UN spokesman said Monday.

Published 15 Jan, 2020 12:00am

UK PM rejects Scottish call for new independence referendum

British Prime Minister Boris Johnson on Tuesday rejected a request by Scotland's devolved government for powers to hold another referendum on independence.

Published 15 Jan, 2020 12:00am

Russia hacked Ukrainian gas firm in Trump impeachment: US cyber firm

Russian spies hacked a Ukrainian energy company at the center of the impeachment trial of US President Donald Trump, a cybersecurity firm said Monday.

Published 15 Jan, 2020 12:00am

Tens of thousands face uncertainty as Philippine volcano spews lava

Taal volcano in the Philippines could spew lava and ash for weeks, authorities warned Tuesday, leaving tens of thousands in limbo after they fled their homes fearing a massive eruption.

Published 15 Jan, 2020 12:00am

Global Business Economy

Spain's new coalition government raises pensions

Spain's new leftist coalition government approved raising pensions this year in line with inflation during its first cabinet meeting on Tuesday, Prime Minister Pedro Sanchez said.

Published 15 Jan, 2020 12:00am

Sudan security agents launch 'rebellion' over payoff plan

Heavy gunfire broke out in Sudan's capital Tuesday as several agents of the long-feared security agency launched a "rebellion" against a restructuring plan, prompting a closure of the international airport.

Published 15 Jan, 2020 12:00am

PMEX daily trading report

On Monday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 4,445. The traded value of Metals, Energy and COTS/FX was recorded at PKR 3.796 billion and the number of lots traded was 6,177.

Published 15 Jan, 2020 12:00am

Commodities

CBOT wheat futures fall on technical selling

Chicago Board of Trade wheat futures fell on Monday on technical selling and profit-taking after the benchmark March contract hit a six-month high on Friday, traders said. CBOT March soft red winter wheat settled down 2-1/4 cents at $5.62-1/4 per bushel,

Published 15 Jan, 2020 12:00am

Commodities

Euronext wheat rises to seven-month high

Euronext wheat rose on Monday to its highest in more than seven months as supply snags in France caused by transport strikes added to support from brisk overseas demand. Benchmark March milling wheat on the Paris-based Euronext settled up 1.50 euros, or 0

Published 15 Jan, 2020 12:00am

Commodities

CBOT soyabean futures lower on technical selling

Chicago Board of Trade soyabean futures closed lower on Monday, pressured by technical selling ahead of this week's signing of a US-China "Phase 1" trade deal and beneficial rains in crop areas of Brazil, traders said.

Published 15 Jan, 2020 12:00am

Activities at Karachi and Qasim Ports

The Karachi Port handled 72,450 tonnes of cargo comprising 66,882 tonnes of import cargo and 5,568 tonnes of export cargo including 2,142 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday.

Published 15 Jan, 2020 12:00am

Cotton & Textile

Slow activity seen on cotton market

Slow trading activity was witnessed on the cotton market on Tuesday as sellers were not keen to oblige buyers due to shortage of fine quality, dealers said.

Published 15 Jan, 2020 12:00am

Commodities

Canadian canola futures weaker

ICE Canadian canola futures weakened on Monday after four straight days of gains. Traders said commercial hedging pressured prices after farmers booked some cash market sales.

Published 15 Jan, 2020 12:00am

Commodities

CBOT corn futures up on short-covering

Chicago Board of Trade corn futures ended higher on Monday on technical buying and short-covering ahead of a US-China trade agreement due to be signed this week, traders said.

Published 15 Jan, 2020 12:00am

Money & Banking

Yen slips, yuan ascends in Asia

The yen plumbed eight-month lows while China's yuan climbed to its highest level since July on Tuesday, as the US Treasury Department reversed its decision in August to designate China as a currency manipulator.

Published 15 Jan, 2020 12:00am

Money & Banking

China's yuan gains in European trade

China's yuan climbed to its highest level since July on Tuesday and the Japanese yen plumbed eight-month lows as the US Treasury Department reversed its decision in August to designate China as a currency manipulator.

Published 15 Jan, 2020 12:00am

Money & Banking

Early trade in New York: Yen slightly weakens

China's yuan was slightly weaker on Tuesday after earlier hitting its highest level since July, while the Japanese yen dropped to eight-month lows before the United States and China are due to sign a preliminary trade agreement to ease their 18-month old

Published 15 Jan, 2020 12:00am

Money & Banking

Dollar steadies, sterling drops in New York

The US dollar index held steady on Monday before a heavy week of economic data, while sterling was the weakest performer after tepid growth increased the likelihood that the Bank of England will cut interest rates this month.

Published 15 Jan, 2020 12:00am

Money & Banking

Australian, New Zealand dollars gain on yen

The Australian and New Zealand dollars jumped against the safe haven Japanese yen on Tuesday, as risk appetite was whetted by yet another sign of rapprochement between the United States and China.

Published 15 Jan, 2020 12:00am

Money & Banking

Asian forex: Yuan leads gainers

The Chinese yuan firmed to its strongest level in six months on Tuesday, leading most other Asian currencies higher, as the US Treasury Department removed its designation of China as a currency manipulator.

Published 15 Jan, 2020 12:00am

Money & Banking

Czech crown, Prague stocks close to two-year highs

The Czech crown gained past a key level against the euro on Tuesday to touch a 23-month high as markets priced in rising chances of an interest rate increase this year.

Published 15 Jan, 2020 12:00am

Money & Banking

Sterling recovers some ground after dipping on rate cut bets

The British pound recouped some losses after dropping to its lowest in weeks on Tuesday amid concerns about the state of the economy and talk of a possible cut in interest rates this month.

Published 15 Jan, 2020 12:00am

Football

Barcelona put faith in purist Setien after sacking Valverde

Quique Setien began his first session as Barcelona coach on Tuesday morning just as the sacked Ernesto Valverde drove out of the training ground for the last time.

Published 15 Jan, 2020 12:00am

Cricket

South Africa looking for change of fortune in third Test against England

South African captain Faf du Plessis returns to one of his most productive venues, seeking a change of form and fortune in the third Test against England, starting at St George's Park on Thursday.

Published 15 Jan, 2020 12:00am

Other

Chile's Jarry suspended for doping violation

Chile's Nicolas Jarry has been provisionally suspended for an anti-doping violation after the world number 78 was tested at the Davis Cup.

Published 15 Jan, 2020 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 3	277.92
USD PKR Interbank Buying / Dec 3	277.72
USD to Japanese Yen / Dec 3	150.01
USD to Swiss Franc / Dec 3	0.89
Pound Sterling to USD / Dec 3	1.27
Euro to USD / Dec 3	1.05

Stock	Volume
S&P 500 / Dec 2	6,047.15
Nasdaq / Dec 2	19,403.95
Dow Jones / Dec 2	44,782
India Sensex / Dec 3	80,853.10
Tokyo Nikkei / Dec 3	39,248.86
Hang Seng / Dec 3	19,694.44
FTSE 100 / Dec 3	8,345.09
Germany DAX 30 / Dec 3	20,011.64

Item	Value
Gold 10 Grams PKR / Dec 2	235,340
Petrol/Litre / Dec 3	252.10
Crude Oil USD/Barrel / Dec 3	68.37
Karachi Cotton PKR/37.32 KG / Dec 3	17,685
Gold Spot USD/Ounce / Dec 3	2,645.88
Diesel/Litre / Dec 3	258.43

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Dec 3 786 Investments Limited(786)	7.30 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Dec 3 Al-Abbas Sugar Mills Limited(AABS)	630 ▼ 0.00 (0.00%)
Agro Allianz / Dec 3 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Dec 3 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Dec 3 Ali Asghar Textile Mills Limited(AATM)	67.69 ▼ 0.00 (0.00%)
Allied Bank / Dec 3 Allied Bank Limited(ABL)	150 ▼ 0.00 (0.00%)
Abbott Lab. / Dec 3 Abbott Laboratories (Pakistan) Limited(ABOT)	1,118.68 ▼ 0.00 (0.00%)
Abson Ind. / Dec 3 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Dec 3 Alfalah Consumer Index ETF.(ACIETF)	13.14 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Dec 3 786 Investments Limited(786)	7.30 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Dec 3 Al-Abbas Sugar Mills Limited(AABS)	630 ▲ 0.00 (0.00%)
Agro Allianz / Dec 3 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Dec 3 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Dec 3 Ali Asghar Textile Mills Limited(AATM)	67.69 ▲ 0.00 (0.00%)
Allied Bank / Dec 3 Allied Bank Limited(ABL)	150 ▲ 0.00 (0.00%)
Abbott Lab. / Dec 3 Abbott Laboratories (Pakistan) Limited(ABOT)	1,118.68 ▲ 0.00 (0.00%)
Abson Ind. / Dec 3 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Dec 3 Alfalah Consumer Index ETF.(ACIETF)	13.14 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Dec 3 Worldcall Telecom Limited(WTL)	213,514,857 ▲ 0.00
Cnergyico PK / Dec 3 Cnergyico PK Limited(CNERGY)	196,907,321 ▲ 0.00
Fauji Foods Ltd / Dec 3 Fauji Foods Limited(FFL)	68,325,507 ▲ 0.00
K-Electric Ltd. / Dec 3 K-Electric Limited(KEL)	66,212,972 ▲ 0.00
Sui South Gas / Dec 3 Sui Southern Gas Company Limited(SSGC)	65,264,278 ▲ 0.00
B.O.Punjab / Dec 3 The Bank of Punjab(BOP)	61,288,845 ▲ 0.00
Hascol Petrol / Dec 3 Hascol Petroleum Limited(HASCOL)	49,268,731 ▲ 0.00
Pak Int.Bulk / Dec 3 Pakistan International Bulk Terminal(PIBTL)	46,902,495 ▲ 0.00
Fauji Cement / Dec 3 Fauji Cement Company Limited(FCCL)	31,910,059 ▲ 0.00

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