News Archives for Print - 2020-01-16

Print - 2020-01-16

Delta jet dumps fuel on California school playground

A Delta airliner experiencing mechanical trouble on Tuesday dumped jet fuel onto a school playground in the Los Angeles area, leaving 17 students and several adults with minor injuries.

Published 16 Jan, 2020 12:00am

Sanaullah's name placed on ECL

The government has placed the name of Pakistan Muslim League-Nawaz (PML-N) leader Rana Sanaullah on Exit Control List (ECL) in connection with the drug trafficking case.

Published 16 Jan, 2020 12:00am

ICT admin imposes Section 144 for two months

The Islamabad Capital Territory (ICT) administration has imposed Section 144 in the city and banned gathering of five or more persons and carrying or displaying firearms for a period of two months.

Published 16 Jan, 2020 12:00am

Australian student says North Korea forced him to admit spying

An Australian student arrested for spying and expelled from North Korea last year said he was forced to write a false confession while held incommunicado.

Published 16 Jan, 2020 12:00am

KP CM launches extension of Mines & Mineral Act

KP Chief Minister Mahmood Khan has formally launched the extension of Mines & Mineral Act including online application for leases in the Newly Merged Tribal Districts (NMDs) that will prove a major step towards safeguarding the rights of tribal people on

Published 16 Jan, 2020 12:00am

Government given three months to amend Section 25(a) of NAO

The Supreme Court on Wednesday granted three months to the federal government to amend Section 25(a) of National Accountability Ordinance (NAO) 1999, saying if it is not done in given time then the court will decide the matter on merit.

Published 16 Jan, 2020 12:00am

ADB lists factors behind growth volatility

Pakistan's economic growth has been volatile over the past half century, affected by frequent political instability, geopolitical factors and balance of payment crises, says Asian Development Bank (ADB).

Published 16 Jan, 2020 12:00am

Construction sector: Industry's status 'very soon': PM

Prime Minister Imran Khan has directed the Competition Commission of Pakistan (CCP) to play an effective role in dealing with trends of cartelization and prevent artificial increase in prices of raw material related to construction sector.

Published 16 Jan, 2020 12:00am

PM to announce concessions on January 20: Traders to begin complying with CNIC condition from February 1?

As the government has accepted traders' demands and Prime Minister Imran Khan is scheduled to formally announce concessions at the traders' convention to be held on January 20, traders would comply with the condition of CNIC from February 1, 2020.

Published 16 Jan, 2020 12:00am

UNSC discusses Kashmir situation 2nd time in six months

The United Nations Security Council on Wednesday discussed the situation in the Indian occupied Jammu and Kashmir (IOJ&K) again in New York, diplomatic sources said.

Published 16 Jan, 2020 12:00am

Stocks

KSE-100 Index keeps falling: BRIndex100 turns bearish

Pakistan Stock Exchange Wednesday witnessed a bearish trend due to selling in various sectors.

Published 16 Jan, 2020 12:00am

US, China sign 'momentous' trade deal

The United States and China announced an initial trade deal on Wednesday that will roll back some tariffs and boost Chinese purchases of US goods and services, defusing an 18-month conflict between the world's two largest economies.

Published 16 Jan, 2020 12:00am

Israel begins gas exports through Egypt in energy milestone

Israel began pumping natural gas to Egypt for the first time on Wednesday under a $15 billion, 15-year deal to liquefy it and re-export it to Europe. It is the first time that Egypt, which in 1979 became the first Arab country to sign a peace treaty with

Published 16 Jan, 2020 12:00am

Power tariff: Move aimed at charging all add-ons irks APTMA

All Pakistan Textile Mills Association (APTMA) has expressed serious annoyance over the letter written by the Ministry of Energy (Power Division) in which Discos have been directed to charge all add-ons to the 7.5 cents of tariff fixed for the export-orie

Published 16 Jan, 2020 12:00am

US House votes to send Trump impeachment charges to Senate for trial

The Democratic-led House of Representatives voted on Wednesday to send two formal charges against President Donald Trump to the Senate, clearing the way for only the third impeachment trial of a US president to begin in earnest next week.

Published 16 Jan, 2020 12:00am

Davos bosses sound alarm over climate, political fires

Business chiefs on Wednesday insisted they are not waiting on bickering governments to fight climate change, after Wall Street titan BlackRock joined a campaign pressuring companies to do more in the buildup to a week of networking in Davos.

Published 16 Jan, 2020 12:00am

Rouhani urges 'unity' after plane protests

President Hassan Rouhani appealed Wednesday for "unity" and flagged the need for radical changes to the way Iran is run, after a wave of angry protests over the accidental downing of a Ukrainian airliner.

Published 16 Jan, 2020 12:00am

CEC, two members of ECP: IHC grants 10 more days for appointments

The Islamabad High Court (IHC) on Wednesday granted ten more days for the appointment of chief election commissioner (CEC) and two members of Election Commission of Pakistan (ECP).

Published 16 Jan, 2020 12:00am

OPEC raises 2020 oil demand forecast

OPEC on Wednesday raised its 2020 estimate for growth in global demand for oil, while noting that increased output from non-OPEC members would probably more than make up for it.

Published 16 Jan, 2020 12:00am

PM briefed about relief operations in avalanche-hit AJK areas

Prime Minister Imran Khan Wednesday visited Azad Kashmir's capital Muzaffarabad to review relief operations in the wake of damages incurred due to avalanche.

Published 16 Jan, 2020 12:00am

Letters

Rising food inflation

This is apropos a Business Recorder op-ed "Food inflation rises to 22pc!" carried by the newspaper on Tuesday. The writer, Dr Hafiz A Pasha, has highlighted a highly significant aspect of rising food inflation. According to him, for example, "The c

Published 16 Jan, 2020 12:00am

Articles

The ME conundrum

I am not the Oracle of Delphi. Nor am I Mehwish Hayat who tweets on every subject. Perhaps if she were to show more skin, people might take note. The current developments have a background - historical, geo-strategic, economic and personal. Since time imm

Published 16 Jan, 2020 12:00am

Articles

Manufacturing, exports under the government spotlight

No government has focused more on manufacturing and exports since the 1960s than ours; Prime Minister Imran Khan remarked during a recent interaction with business leaders. For sure, he must be having some solid reasons to claim so. However, irrespective

Published 16 Jan, 2020 12:00am

Articles

Is errant leadership alone to blame?

Theories abound why the government is directionless. Little gets done, notwithstanding government's stirring renewals of resolve. Gap between promise and performance is growing. A Government's real currency is its credibility. It has got sharply devalued.

Published 16 Jan, 2020 12:00am

Musharraf case verdict

A full bench of the Lahore High Court (LHC) has overturned the death penalty awarded to former military ruler Gen Pervez Musharraf by a special court, pointing to various irregularities in the case proceedings, also declaring illegal the formation of the

Updated 16 Jan, 2020 06:21am

Arrest of Davinder Singh

When Indian Prime Minister Narendra Modi revoked the special status of occupied Jammu and Kashmir (J&K) and imposed an open-ended lockdown, he did not trust the local predominantly Muslim police force to do his bidding. At the time, AP news agency had rep

Updated 16 Jan, 2020 06:22am

Home remittances

The amount of foreign exchange now received through home remittances is nearly as much as total earnings from exports of the country. According to the latest data released by the State Bank of Pakistan (SBP), overseas Pakistani workers remitted dollar 11.

Updated 16 Jan, 2020 06:23am

Government to set up Panagah, Langar Khana at PIMS

Pakistan Tehreek-e-Insaf (PTI) government would establish Panagah (shelter home) and Langar Khana (soup kitchen) at Pakistan Institute of Medical Sciences (PIMS) for the patients and their attendants.

Published 16 Jan, 2020 12:00am

Girl buried under avalanche for 18 hours is found alive

A 12-year-old girl was found alive on Wednesday after being buried for 18 hours when an avalanche in Azad Kashmir engulfed the family house.Samina Bibi recalled screaming and shouting for help as she lay trapped in a room under the snow. The death toll fr

Published 16 Jan, 2020 12:00am

446 samples of drugs declared spurious in five years, NA told

State Minister for National Health Services, Regulations and Coordination Dr Zafar Mirza on Wednesday informed the National Assembly that a total of 446 medicines were declared spurious during the last five years by federal and provincial drug testing lab

Published 16 Jan, 2020 12:00am

'No accused has ever accepted his crime': DG ANFP

Director General Anti-Narcotics Force (ANF) Major General Muhammad Arif Malik on Wednesday said that drug trafficking case against senior Pakistan Muslim League-Nawaz (PML-N) leader Rana Sanaullah is before the court and let the court decide it.

Published 16 Jan, 2020 12:00am

Heavy rains, locusts' attacks: Villages declared calamity-hit

The Relief Commissioner Sindh in his notification has informed that on account of heavy rains/locusts in November, 2019, the people of eight villages of Tappa Pithapur Taluka Nagarparkar District Tharparkar have suffered heavy loss to crops therefore the

Published 16 Jan, 2020 12:00am

Fake bank accounts case: NAB files another reference

The National Accountability Bureau (NAB) on Wednesday filed another reference in the multibillion rupees fake bank account case titled 'Bahria Icon Tower corruption reference,' naming a property tycoon, his son-in-law and others as accused.

Published 16 Jan, 2020 12:00am

Tareen holds talk with PML-Q, BAP delegations

A government negotiating team led by Jahangir Tareen reached out to key coalition partners on Wednesday, including Pakistan Muslim League-Quaid (PML-Q) and Balochistan Awami Party (BAP) for their continued support to the ruling PTI government following di

Published 16 Jan, 2020 12:00am

Most of CPEC-related road projects stand completed: minister

Federal Minister for Communications and Postal Services Murad Saeed on Wednesday said that most of China-Pakistan Economic Corridor (CPEC) related road projects have been completed whereas work on Western Route has been started.

Published 16 Jan, 2020 12:00am

Officials of AGP: Secretary Interior directed to 'compel' Rangers to cooperate

A parliamentary panel Wednesday directed the secretary interior to compel Rangers to cooperate with officials of the Auditor General of Pakistan (AGP) in carrying out audit of various units of the Rangers in Punjab and Sindh.

Published 16 Jan, 2020 12:00am

Sindh cabinet urges Centre to withdraw Imam, post new IGP

The Sindh Cabinet on Wednesday called upon the federal government to withdraw the services of the incumbent Inspector General of Police (IGP) Syed Kaleem Imam and post 'one of the experienced senior police officers' from the panel to be sent to the Centre

Published 16 Jan, 2020 12:00am

Gold prices up

Gold was traded for Rs 89400 per tola up by Rs 200 on the local market, traders said. Gold was available for Rs 76646 per 10 grams, up by Rs 171 and $1553 an ounce up by $10. Silver was selling for Rs 1070 per tola, Rs 917.35 and $17.88 an ounce.

Published 16 Jan, 2020 12:00am

Kenjhar Lake reeks of chemical contamination

Provincial Minister for Industries and Commerce & Cooperative Department Jam Ikramuallah Dharejo has said that Kenjhar Lake is a beautiful place of Sindh and the safety of Kenjhar Lake is one of our top priorities. Taking the notice of report that toxic c

Published 16 Jan, 2020 12:00am

Energy

SSGC holds talks with CNG association

Discussion between representatives of CNG association and SSGC management took place Wednesday at Company's Head Office after CNG association and Transport Ittehad protested in front of SSGC Head Office on closure of CNG stations.

Published 16 Jan, 2020 12:00am

Outdoor One expands services at airports nationwide

Outdoor One has expanded the services of its deluxe lounges at airports nationwide. According to details, the services are provided to international flyers at Karachi, Lahore, Peshawar and Islamabad airports while the lounge is accessible to domestic trav

Published 16 Jan, 2020 12:00am

Money & Banking

Government mops up Rs 275 billion through MTBs

The federal government Wednesday raised some Rs 275 billion through the auction for short-term government papers. Analysts said that banks have aggressively participated in the MTBs auction to park their liquidity at higher rates as the monetary policy is

Published 16 Jan, 2020 12:00am

SMEs still under credit constraints: analyst

Analyst Ateeq Ur Rehman Wednesday said that SMEs are still under credit constraints due to challenges and unavailable opportunities for access to finance.

Published 16 Jan, 2020 12:00am

Wagah border: Proposal to allow Afghanistan to import goods opposed

Businessmen have opposed the proposal to allow Afghanistan to import goods from India via Wagah-Attari border, what they called it as contradictory to Pak-Afghan Transit Trade Agreement and against interest of local industries, which could create uncompet

Published 16 Jan, 2020 12:00am

India-made goods available in markets despite trade suspension

"Suspension of trade with India subsequent to Pulwama incident on Feb 14, 2019, has not curtailed the availability of Indian goods in Karachi, Lahore and Peshawar."

Published 16 Jan, 2020 12:00am

BMP urges government to consult FPCCI on economy

Chairman, Businessmen Panel (BMP), Khyber Pakhtunkhwa, Mohammad Adnan Jalil has urged upon the federal government to hold consultations with the business community to bring the country out of the current deteriorating economic situation.

Published 16 Jan, 2020 12:00am

IT & Computers

Digital Pakistan Internship Portal inaugurated

Secretary Information Technology and Telecommunication Shoaib Ahmad Siddique inaugurated the Digital Pakistan Internship Portal here on Wednesday. This is a major milestone in efforts to accelerate the growth of IT Industry in Pakistan as the newly develo

Published 16 Jan, 2020 12:00am

USAID hosts 'Modernizing Agriculture through Innovative Technologies Conference 2020'

The United States Agency for International Development (USAID) hosted the first-ever 'Modernizing Agriculture through Innovative Technologies Conference 2020' in Islamabad on Wednesday.

Published 16 Jan, 2020 12:00am

PML-N leader Rana Sanaullah: ANF challenges post-arrest bail

Anti-Narcotics Force (ANF) has challenged the Lahore High Court order granting post-arrest bail to Pakistan Muslim League-Nawaz leader Rana Sanaullah in the heroin smuggling case.

Published 16 Jan, 2020 12:00am

Civil Servants Rules, 1973: Withdrawal of 'controversial' amendment not on government's agenda

Withdrawal of the 'controversial' amendment in Civil Servants (Appointment, Promotion and Transfer) Rules, 1973, which made balloting mandatory in inductions in the federal government departments from BPS 1 to 5 is not on the government's agenda, informed

Published 16 Jan, 2020 12:00am

'Haier Brand Seminar 2020' held

'Brand Seminar 2020' renews Haier's All-Round commitment to continue leading the world in SMART innovative game-changing technologies, systems and services.

Published 16 Jan, 2020 12:00am

Discussion on 'Electric Vehicle Policy' today

The Auto Industry Development Committee of Engineering Development Board (EDB) is meeting on Thursday with Prime Minister Advisor on Commerce, Industries and Production and Investment, Abdul Razak Dawood in the chair to discuss Electric Vehicle Policy for

Published 16 Jan, 2020 12:00am

Telecommunication

Mobile set manufacturing policy being finalised: chief of EDB's board

Chairman EDB's Board, Almas Hyder on Wednesday said that final touches are being given to Pakistan's mobile set manufacturing policy which will be ready within the month.

Published 16 Jan, 2020 12:00am

Four unapproved housing schemes sealed by FDA

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 16 Jan, 2020 12:00am

Reports on Nawaz's health submitted to LHC

The health of former Prime Minister Nawaz Sharif was still not well in London.

Published 16 Jan, 2020 12:00am

LHC seeks reply in response to Maryam's petition

The Lahore High Court on Wednesday sought written replies from the government and the National Accountability Bureau (NAB) by January 21 on a petition of Maryam Nawaz seeking removal of her name from the Exit Control List (ECL).

Published 16 Jan, 2020 12:00am

Money & Banking

NBP team up with UnionPay to launch Huawei Pay in Pakistan

Digital transformation is a continuous journey at NBP to stay relevant in today's constantly changing financial services landscape. In order to meet consumer demands and to match up with today's pace of innovation, National Bank of Pakistan held a formal

Published 16 Jan, 2020 12:00am

Indus Hospital to address healthcare challenges

"The Conference titled 'ICON 2020' will highlight initiatives taken by the Indus Hospital to address healthcare challenges in Pakistan by bringing together disparate and like-minded institutions and individuals". These thoughts were express by Dr Abdul Ba

Published 16 Jan, 2020 12:00am

FPCCI to work with govt to seek resolution of issues: Nisar

Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Mian Anjum Nisar has announced to work with the government to resolve all issues of the business community for revival of growth momentum and enhancement in exports by ensuring eas

Published 16 Jan, 2020 12:00am

Higher exports: LCCI chief presents roadmap to PM

The Lahore Chamber of Commerce and Industry (LCCI) have presented a roadmap to the Prime Minister that was developed after profound deliberations for enhancing exports.

Published 16 Jan, 2020 12:00am

Money & Banking

FINCA Pakistan secures Rs800m Tier-II facility from PMIC

FINCA Microfinance Bank Pakistan announced that it has secured an 8-year, Rs800 million Tier II/subordinated bilateral loan facility from Pakistan Microfinance Investment Company (PMIC). The facility marks an inaugural Tier 2 transaction by PMIC and will

Published 16 Jan, 2020 12:00am

Articles

Partly Facetious : The locust challenge

"Locusts attacked Sindh and lo and behold then entered south Punjab, which is already one of the poorest areas in the province and..."

Published 16 Jan, 2020 12:00am

Punjab government cut entertainment expenses

The austerity drive of the Punjab government has led to a drastic cut in the entertainment expenses, said a report issued by the provincial government. According to details, the Punjab government of Pakistan Tehreek-e-Insaf has spent Rs50 million in 2018-

Published 16 Jan, 2020 12:00am

Risalpur factory to make 180 more coaches: Rashid

Federal Minister for Railways Sheikh Rashid Ahmad has said that 180 more coaches would be manufactured in the Risalpur Locomotive Factory that would give impetus to the efforts for development of the railway sector.

Published 16 Jan, 2020 12:00am

Death toll due to avalanches, landslides soars to 100

The death toll due to avalanches, landslides and other related incidents after record snowfall and winter rains in different parts of the country has reached 100, with Neelum Valley of Azad Jammu and Kashmir (AJ&K) remains the worst-affected area where at

Published 16 Jan, 2020 12:00am

Government not serious about traders' problems: PPP

The Pakistan Peoples Party (PPP) parliamentary leader in Punjab assembly Hassan Murtaza said on Wednesday the government was not serious in solving problems of traders and industrialists.

Published 16 Jan, 2020 12:00am

Brief Recordings

Pakistan Hotels Developers Limited

Pakistan Hotels Developers Limited (PSX: PHDL), previously known as TajMahal Hotels Limited was established in 1979 under the Companies Act 1913 (now Companies Act-2017) as a private limited company. It was later converted into a public limited company, i

Updated 16 Jan, 2020 06:29am

Bullet holes found at black German MP's office

Germany's only black MP reported finding bullet holes in the windows of his constituency office Wednesday, prompting outrage and alarm that the country's politicians are facing increasing levels of intimidation and violence.

Published 16 Jan, 2020 12:00am

Sudan spy chief quits after mutiny crushed

Sudan's intelligence chief resigned Wednesday after five people, including two soldiers, were killed as government forces crushed a mutiny by members of the country's long-feared security agency.

Published 16 Jan, 2020 12:00am

Israel turns swathes of occupied West Bank into 'nature reserves'

Israel's defence minister Wednesday announced the creation of seven nature reserves in the occupied West Bank as part of efforts to maintain Israeli control, weeks before a general election.

Published 16 Jan, 2020 12:00am

World's tallest tower lights up for fire-stricken Australia

The world's tallest tower, Burj Khalifa in Dubai, lit up Wednesday night in solidarity with Australia where devastating fires are still burning. The bushfires have consumed about 10 million hectares (100,000 square kilometres), leaving at least 28 people

Published 16 Jan, 2020 12:00am

Turkey lifts ban on Wikipedia

A Turkish court on Wednesday lifted a ban on Wikipedia after almost three years. Turkey was the only country in the world apart from China to entirely block access to the online encyclopedia. But its constitutional court ruled last month that the ban, in

Published 16 Jan, 2020 12:00am

Two killed, eight hurt in blast at Spain chemical plant

Rescuers found a body at a chemical plant in northeastern Spain on Wednesday, raising to two the number of those killed when an explosion ripped through the facility, triggering a massive blaze which raged through the night. Catalan regional interior mini

Published 16 Jan, 2020 12:00am

Albania expels two Iranian diplomats

Albania has ordered the expulsion of two Iranian diplomats for "activities that go against their status," the Foreign Ministry said Wednesday, in the latest breakdown of ties between the two countries. Tirana had already kicked out Iran's ambassador and a

Published 16 Jan, 2020 12:00am

UN warns of 'much extreme weather' ahead after hottest decade on record

The past decade has been the hottest on record, the UN said Wednesday, warning that the higher temperatures were expected to fuel numerous extreme weather events in 2020 and beyond.

Published 16 Jan, 2020 12:00am

Shock as Putin names new PM, lays out constitutional reforms

Russian President Vladimir Putin named a little-known new prime minister and proposed a constitutional shake-up on Wednesday as he announced sweeping changes that fuelled speculation about his future plans.

Published 16 Jan, 2020 12:00am

Commodities

CBOT corn futures drift lower

Chicago Board of Trade corn futures drifted lower on Tuesday amid a lack of fresh news as traders awaited the planned signing on Wednesday of a US-China Phase 1 trade agreement. CBOT March corn settled 1/2-cent lower at $3.89 per bushel, turning down afte

Published 16 Jan, 2020 12:00am

Commodities

CBOT soyabean futures slightly lower

Chicago Board of Trade soyabean futures closed flat to slightly lower on Tuesday as traders awaited the signing of a US-China Phase 1 trade deal on Wednesday that could reopen China's giant market to US agricultural exports.

Published 16 Jan, 2020 12:00am

PMEX daily trading report

On Tuesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 4,435. The traded value of Metals, Energy and COTS/FX was recorded at PKR 4.542 billion and the number of lots traded was 7,278.

Published 16 Jan, 2020 12:00am

Commodities

European wheat futures at one year high

European wheat futures extended a rally on Tuesday to their highest in a year as sustained export demand, with prices supported by logistical bottlenecks in France and plans by Russia to cap grain shipments.

Published 16 Jan, 2020 12:00am

Activities at Karachi and Qasim Ports

The Karachi Port handled 88,711 tonnes of cargo comprising 68,065 tonnes of import cargo and 20,646 tonnes of export cargo including 3,203 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday.

Published 16 Jan, 2020 12:00am

Cotton & Textile

Trade activity improves on cotton market

Strong mills' demand and expectations for positive outcome of trade related issues pushed the rate higher on the cotton market on Wednesday in the process of trading activity, dealers said.

Published 16 Jan, 2020 12:00am

Commodities

China's iron ore futures rise from three days fall

China's iron ore futures rose on Tuesday, rebounding from a three-session slump on worries over possible disruption in shipments of the steelmaking raw material from top supplier Australia, where the cyclone season has begun.

Published 16 Jan, 2020 12:00am

Money & Banking

Currencies in cautious mood in Asia

The safe-haven yen held firm and riskier Asian currencies softened a little on Wednesday, as currency investors awaited the signing of the US-China trade deal with trepidation.

Published 16 Jan, 2020 12:00am

Money & Banking

Euro perks to a one-week high in Europe

The euro climbed to a one-week high against the US dollar on Wednesday as investors grew cautiously optimistic about the outlook for the single currency before the signing of a US-China trade deal.

Published 16 Jan, 2020 12:00am

Money & Banking

Early trade in New York: Dollar dips against euro, yen

The dollar dipped against the euro and the yen on Wednesday before the United States and China were due to sign a deal to de-escalate their trade war.

Published 16 Jan, 2020 12:00am

Money & Banking

Yen gains, yuan weakens in New York

China's yuan weakened on Tuesday and the Japanese yen reversed earlier losses after a report that the United States will keep tariffs on Chinese goods through the US election hurt risk sentiment.

Published 16 Jan, 2020 12:00am

Money & Banking

Czech crown extends 2020 rally

The crown firmed against the euro on Wednesday, testing a multi-year high and outperforming central European peers as markets weighed chances of whether Czech interest rates could rise this year.

Published 16 Jan, 2020 12:00am

Money & Banking

Rouble slides as govt resigns; Brazil's real dips

Russia's rouble tumbled on Wednesday as Prime Minister Dmitry Medvedev announced his government's resignation, while Brazil's currency and stocks eased after the release of weaker-than-expected retail sales figures.

Published 16 Jan, 2020 12:00am

Money & Banking

Sterling falls after inflation rises

The pound fell on Wednesday after data showed UK inflation rose at its weakest rate in three years, ramping up expectations of a rate cut from the Bank of England at its January meeting.

Published 16 Jan, 2020 12:00am

Money & Banking

Australian, New Zealand dollars on tenterhooks

The trade-exposed Australian and New Zealand currencies were on the defensive on Wednesday as traders waited for the Sino-US trade deal to be signed.

Published 16 Jan, 2020 12:00am

Cricket

'Retired' De Villiers keen to play T20 World Cup

South African star AB de Villiers is keen to make an international comeback at the Twenty20 World Cup this year, but admits there are no guarantees he will be picked. The batting maestro bowed out of representing his country in 2018, saying he was "tired"

Published 16 Jan, 2020 12:00am

Other

Serena aims to end long Slam record quest

Serena Williams is ominously back to winning ways as she looks to finally complete her long quest for a record-equalling 24th Grand Slam title at the Australian Open. The American has been on the cusp of history since 2017, when she won her 23rd Major tro

Published 16 Jan, 2020 12:00am

Other

Federer, Nadal lead stars swinging racquets for bushfire relief

Tennis superstars Roger Federer and Rafael Nadal jointly donated Aus$250,000 (US$172,000) for Australian bushfire relief at a charity fundraiser in smoggy Melbourne on Wednesday.

Published 16 Jan, 2020 12:00am

Other

Bushfire smoke hits Australian Open again, but rain raises hopes

Bushfire smoke disrupted the Australian Open build-up Wednesday for a second straight day to deepen concerns about the fate of the year's first tennis Grand Slam, but a cool change late in the day raised hopes of rain soaking the blazes.

Published 16 Jan, 2020 12:00am

Cricket

Stokes named ICC player of the year after landmark 2019

Ben Stokes was Wednesday named the International Cricket Council player of the year, capping an unforgettable 2019 for the swashbuckling England all-rounder that included a match-winning knock at the World Cup.

Published 16 Jan, 2020 12:00am

Football

Africa Cup of Nations returns to January-February slot for Cameroon 2021

The Africa Cup of Nations will revert to its former time slot of January and February for the next edition in 2021, hosts Cameroon said on Wednesday.

Published 16 Jan, 2020 12:00am

Other

Abbas advances in All Pakistan Senior Squash Championship

World Junior gold medalist Abbas Shoukat advanced to next round after securing victory in the first round of the All Pakistan Senior Squash Championship being played here at PAF Hashim Khan Squash Complex on Wednesday.

Published 16 Jan, 2020 12:00am

Football

Man Utd axe training camp over Middle East tensions

Manchester United have called off a winter training camp in the Middle East due to fears over tensions in the region. United have often used the Nad Al Sheba Sports Complex in Dubai as a warm-weather base in recent years, and the Old Trafford outfit were

Published 16 Jan, 2020 12:00am

Cricket

Australia women's cricket coach Mott extends stay

Matthew Mott extended his contract as head coach of the Australian women's team Wednesday through to the end of the 2021 one-day World Cup in New Zealand.

Published 16 Jan, 2020 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 22	252.10

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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