News Archives for Print - 2020-01-20

Print - 2020-01-20

Putin says 'transition' crucial after political shake-up

President Vladimir Putin has said he does not want Russia to return to the Soviet-era practice of rulers dying in office without a succession plan, as speculation swirls over his future after he unleashed a political upheaval this week.

Published 20 Jan, 2020 12:00am

THE RUPEE: Steady trend

The rupee managed to recover more ground against the dollar on the money market during the week, ended on Jan 18, 2020. Marketmen said that dollars' smooth supply helped the rupee to recover more ground, so it looks that the rupee may stay firm in the nea

Published 20 Jan, 2020 12:00am

Alice Wells arrives

Principal Deputy Assistant Secretary of State for South and Central Asian Affairs, Alice Wells arrived here on Sunday, after winding up her tour of India and Sri Lanka, for a four-day visit to Pakistan for talks on bilateral and regional matters.

Published 20 Jan, 2020 12:00am

Harry and Meghan begin life as (almost) ordinary people

Britain's Prince Harry and his wife Meghan began a new life Sunday as somewhat ordinary people with financial worries and security concerns after being stripped of their royal titles and public funding by the Queen. The settlement announced by Buckingham

Published 20 Jan, 2020 12:00am

Pakistan witnessing cost push inflation: economist

There is a positive relation between discount rate and inflation in Pakistan and 1 percent increase in discount rate contributes 0.7 percent increase in inflation as per the State Bank of Pakistan's own findings (working paper 34 of 2010).

Published 20 Jan, 2020 12:00am

'Mafia' creating artificial shortage of wheat, flour: Firdous

Special Assistant to Prime Minister (SAPM) on Information and Broadcasting Dr Firdous Ashiq Awan on Sunday said a mafia is creating artificial shortage of wheat and flour by purchasing the commodities from local markets in a bid to whiten their black mone

Published 20 Jan, 2020 12:00am

Sindh accuses PM of causing flour crisis in province

Sindh Minister for Information, Archives and Labour, Saeed Ghani on Sunday while responding to the criticism of the members of Pakistan Tehreek-e-Insaf in Sindh said that the whole country was facing wheat flour crisis owing to the incompetence and disabi

Published 20 Jan, 2020 12:00am

Sindh government held responsible for flour situation: 'There's no wheat shortage in Punjab': Bakhtiar

Federal Minister for National Food Security Khusro Bakhtiar on Sunday claimed that the Sindh government did not procure wheat while its target was 0.7 million tons of wheat this year.

Published 20 Jan, 2020 12:00am

Futures spread down by 1613 basis points

The futures spread declined by 1613bps to negative 7.47 percent on the last day of the outgoing week. Trading activities on the futures counter remained thin as average daily volumes declined by 25.5 percent week-on-week basis to 58.73 million shares as c

Published 20 Jan, 2020 12:00am

Index remains range-bound

Pakistan Stock Exchange remained volatile during the outgoing week ended on January 17, 2020 due to investors' lack of interest. BRIndex100 lost 2.11 points on week-on-week basis to close at 4,539.97 points. Average daily volumes stood at 223.116 million

Published 20 Jan, 2020 12:00am

Israel gas imports: Jordan parliament demands ban

Jordan's parliament Sunday voted in favour of a law to ban gas imports from Israel, weeks after the Jewish state began pumping it to the kingdom in a $10 billion deal. It remained unclear however whether the government in Amman would back the legislative

Published 20 Jan, 2020 12:00am

ARE Policy 2019: PD asked to incorporate Sindh, KP observations

The Council of Common Interests (CCI) has directed the Power Division to incorporate observations of Sindh and KP governments in the Alternate Energy Development (ARE) Policy 2019, as both provinces opposed approval of policy in the current shape.

Published 20 Jan, 2020 12:00am

Consultations with banks, IPPs: Government preparing plan to deal with circular debt challenge

The government is preparing a structured finance plan in consultation with three banks and Independent Power Producers (IPPs) to get rid of circular debt of over Rs 1.7 trillion, which is a potential risk for the economy and the State, well-informed sourc

Updated 20 Jan, 2020 07:08am

Killing of civilians across LoC: Pakistan can no longer act as 'inactive observer': PM

Prime Minister Imran Khan has said that Indian occupation forces are continually targeting and killing civilians across the Line of Control (LoC) with increasing intensity and frequency and there is an urgent need for the United Nations Security Council (

Published 20 Jan, 2020 12:00am

India, Sri Lanka seek closer military ties as China clout grows

Sri Lanka and India vowed to strengthen military ties and widen maritime links with neighbours after security talks, the president's office said Sunday, as China's economic clout increases in the region. China, a long-time regional rival of India, has bee

Published 20 Jan, 2020 12:00am

Nearly 450 wounded in two days of clashes in Beirut

Medics said 70 people were injured in renewed clashes between protesters and police in Lebanon's capital Sunday, taking the toll of wounded from two days of violence to nearly 450. Unprecedented protests have rocked the country since October 17, with citi

Published 20 Jan, 2020 12:00am

Bodies of Ukrainian victims of downed plane repatriated from Iran

Around a thousand people including President Volodymyr Zelensky bid farewell to Ukrainians who died in a plane mistakenly shot down by Iran during a spike in tensions with Washington. Zelensky laid flowers on the flag-draped coffins of the 11 Ukrainian vi

Published 20 Jan, 2020 12:00am

European moves: Iran warns of repercussions for IAEA

Iran's parliamentary speaker on Sunday warned of unspecified repercussions for the UN's nuclear watchdog if European nations that launched a dispute mechanism against the Islamic republic act "unfairly". Britain, France and Germany launched a process last

Published 20 Jan, 2020 12:00am

Founder of South Korean retail giant Lotte dies at 97

The founder of South Korea's sprawling retail conglomerate Lotte Group has died at the age of 97, company officials said Sunday. Shin Kyuk-ho's reputation was tarnished in his final years when the wheelchair-bound tycoon was convicted of professional malp

Published 20 Jan, 2020 12:00am

Qatar signs $470 million solar deal

Gas-rich Qatar signed a $470-million deal on Sunday to build its first solar energy plant, capable of meeting up to one-tenth of peak national power demand. The Al-Kharsaah plant, near the capital, is a 10-square-kilometre (4-sq-mile) joint venture with F

Published 20 Jan, 2020 12:00am

World powers urge permanent ceasefire in Libya

World powers urged Libya's warring factions and their foreign backers to end the fighting and establish "a permanent ceasefire", following high-stakes peace talks in Berlin on Sunday. "We call on all parties concerned to redouble their efforts for a susta

Published 20 Jan, 2020 12:00am

Letters

'Open up imports to expand exports'

Business Recorder op-ed writer Ali Khizar in his yesterday's op-ed "Open up imports to expand exports" for the newspaper seems to have ignored a key factor in relation to our state of economy. He has argued, among other things, that "In Pakistan, virtuall

Published 20 Jan, 2020 12:00am

Articles

Law on compulsory receipts sets Germans grumbling

In January it became law in Germany that retailers must print a receipt for every last transaction in a bid to fight tax evasion, but shopkeepers, customers and industry groups are already bucking against the scheme. "Small shops' cash registers already h

Published 20 Jan, 2020 12:00am

Articles

Battle of diplomacy

Soft power is the best repellant for war and conflict. As they say prevention is better than cure, similarly diplomacy is better than enmity. We are living in turbulent times where it is increasingly difficult to live peacefully and progressively. Nations

Published 20 Jan, 2020 12:00am

Articles

Tweaking policies need of the hour

The Pakistan Muslim League Nawaz (PML-N) is at pains to point out the unprecedented rise in unemployment and inflation during the nearly seventeen month tenure of the Pakistan Tehrik-i-Insaaf (PTI) government, twin indicators that determine any government

Published 20 Jan, 2020 12:00am

'Deal of the decade'

The expectations were receding about the ending of confrontation between China and the United States over the growing trade tensions that could engulf the entire world but the signing of the agreement between US President Donald Trump and Chinese Vice Pre

Updated 20 Jan, 2020 06:21am

Inter-provincial disharmony

Member Punjab of the Indus River System Authority (Irsa), Rao Irshad Ali Khan, warned the standing committee on water that 'we and our future generations will die of starvation if we do not build reservoirs' and that if 5 percent of the population affecte

Updated 20 Jan, 2020 06:24am

Ex-SBP employees demand raise in pension

General Secretary, Pensioners' Association, State Bank of Pakistan (SBP), Peshawar, Javed Akhtar has demanded immediate increase in the pension of the retired employees of the central bank. In an appeal to Adviser to PM on Finance, Hafeez Sheikh and Gover

Published 20 Jan, 2020 12:00am

ATP to observe Kashmir Solidarity Day on February 5

The Amun Taraqqi Party (ATP) on Sunday announced to observe Kashmir Solidarity Day to raise voice for people of Kashmir and pay world attention towards gross violence rights violence and inhuman acts of Indian forces in the occupied Kashmir.

Published 20 Jan, 2020 12:00am

PM may distribute loan cheques in Sindh on January 27

Prime Minister Imran Khan is expected to distribute loan cheques among to the successful applicants of the Youth Entrepreneurship Scheme (YES) from Sindh on January 27. The cheque distribution ceremony of the YES, a component of Kamyab Jawan Programme, wo

Published 20 Jan, 2020 12:00am

293.56 acres of Railways land retrieved across country

Pakistan Railways had retrieved 293.56 acres land from the encroachers through an anti encroachment operation across the country during the period of eleven months. "The encroachment operation is launched with the assistance of railway police and district

Published 20 Jan, 2020 12:00am

2020's first polio case surfaces in Lakki Marwat

The National Institute of Health (NIH) Islamabad has notified first polio case of the new calendar year 2020 from Tehsil Sarai Naurang of district Lakki Marwat as the national case count closed at 136 last year. According to the notification, wild polio v

Published 20 Jan, 2020 12:00am

Brief Recordings

An interview with Teresa Kok- Malaysia's Primary Industries Minister 'Biodiesel to act as a mechanism for palm oil price balancing'

In what has become an insightful annual event on edible oil, the fifth Pakistan Edible Oil Conference was held earlier this month in Karachi. Gracing the occasion was Malaysia's Primary Industries minister, Madam Teresa Kok, who took out time for a quick

Updated 20 Jan, 2020 06:26am

Eight-year girl gang-raped, tortured to death in KP

An eight years old girl was gang rapped and tortured to death in Nowshera district of Khyber Pakhtunkhwa on Sunday, police and her relatives said. According to relatives of the deceased Ghawaz Noor, 8, a resident of Kaka Sahib went to seminary along with

Published 20 Jan, 2020 12:00am

Sindh government behind wheat flour crisis, alleges Haleem Adil

Pakistan Tehreek-e-Insaf (PTI) vice president and parliamentary leader in Sindh assembly Haleem Adil Sheikh has said that the provincial government of Sindh is directly responsible for ongoing artificial wheat flour crisis. According to details, PTI leade

Published 20 Jan, 2020 12:00am

Punjab CM takes action

Chief Minister Punjab Sardar Usman Buzdar took strict action on public complaint regarding provision of flour in Sahiwal. District Food Controller Sahiwal has been suspended from service on public complaints, committing negligence from duties and showing

Published 20 Jan, 2020 12:00am

Shahbaz demands probe into wheat flour crisis

Leader of Opposition in National Assembly and Pakistan Muslim League-Nawaz (PML-N) president Shahbaz Sharif on Sunday demanded an immediate inquiry into the flour crisis. In a statement issued on Sunday, the opposition leader while demanding immediate inq

Published 20 Jan, 2020 12:00am

'Desi-poultry' birds' rearing observed in South Punjab

About 80 percent shortage of desi-poultry birds rearing was observed in the region of south Punjab due to increase in demand, said poultry development officer Dr Salma Naz. While talking to APP here on Sunday, she said that south Punjab was hub of desi po

Published 20 Jan, 2020 12:00am

Qureshi for dialogue to de-escalate ME tensions

Foreign Minister Shah Mehmood Qureshi on Sunday that Pakistan remains committed to its core objective of promoting peace and stability in the region. Talking to journalists after completing his tours to US and Gulf courtiers, he said that there is a need

Published 20 Jan, 2020 12:00am

Auction of shops at Kurri Road: PHA-F, ministry get positive response

Pakistan Housing Authority Foundation, Ministry of Housing & Works has got encouraging response on the first day of auction of 88 commercial shops at Kurri Road Islamabad. The auction took place at Islamabad Hotel, Melody civic centre Islamabad and it was

Published 20 Jan, 2020 12:00am

12 points set up to provide wheat flour at fixed rates

Under the directives of Punjab Government, as many as 12 sale points have been established in the district to ensure availability of flour at fixed rates to the public where 10 kg bag of flour were being sold at a price of Rs 402.

Published 20 Jan, 2020 12:00am

'Council being set up to address businessmen's problems'

President Sialkot Chamber of Commerce and Industry (SCCI) Muhmmad Ashraf Malik has disclosed that a "Council" would soon be established to address the problems confronted by the business community of Sialkot, Gujranwala and Gujrat (Golden Economic Triangl

Published 20 Jan, 2020 12:00am

CM transfers AC, suspends assistant food controller, SHO Jaranwala

Chief Minister Punjab Sardar Usman Buzdar made surprise visits of Jaranwala and Sumandri on Sunday. He reviewed situation and also checked cleanliness arrangements in both the cities. He removed Assistant Commissioner Jaranwala from his post on complaints

Published 20 Jan, 2020 12:00am

Prices of essential kitchen items continue to rise

Prices of important kitchen items, including vegetable, pulses, live chicken/meat, sugar, flour remained high-side in retail market as no significant change or increase was witnessed during previous week, according to a survey conducted by Business Record

Published 20 Jan, 2020 12:00am

KP government to transfer management of rest houses to tourism department

The provincial government of Khyber Pakhtunkhwa is going to hand over the management of all rest houses and tourism properties to Tourism Department to promote tourism and attract domestic and foreign tourists by providing them quality standards in hospit

Published 20 Jan, 2020 12:00am

CS for strict monitoring of flour mills

Chief Secretary Punjab Azam Suleman Khan has directed all the commissioners and deputy commissioners to keep a close coordination with the departments of food and industries to avoid 'artificial shortage' of flour and ensure its sale at the prices fixed b

Published 20 Jan, 2020 12:00am

Government urged to ensure flour supply in KP

Pakistan Flour Mills Association (PFMA) Khyber Pakhtunkhwa chapter on Sunday demanded of the federal government to start flour supply without any further delay to Khyber Pakhtunkhwa from Punjab to avoid flour crisis situation in the province.

Published 20 Jan, 2020 12:00am

'Dot and Line' successfully closes seed round

Karachi-based Ed-tech startup "Dot and Line" has successfully closed their seed round with an additional investment from London-based entrepreneur, Zeeshan Shah. Zeeshan Shah is an award winning entrepreneur focused on the real estate with projects in exc

Published 20 Jan, 2020 12:00am

'Back4good' amnesty scheme: 8,284 illegally migrated Pakistanis return from Malaysia

Pakistan's High Commissioner in Malaysia Amna Baloch has said that 8,284 illegally migrated Pakistanis had returned home from Malaysia under a four-month 'Back4good' amnesty scheme launched in August last year. The scheme, that expired on December 31, 201

Published 20 Jan, 2020 12:00am

Seven journalists killed, 60 booked under ATA in 2019: CPNE

Media in Pakistan continued to be in chains or under strict form of physical intimidation as at least seven journalists were killed while 60 others were booked under Anti-Terrorism Act in 2019. It was revealed by the Council of Pakistan Newspaper Editors

Published 20 Jan, 2020 12:00am

Balochistan allows doctors to carry out private practice in government hospitals

Balochistan government has allowed the doctors, working in the public sector, to carry out private practice in government hospitals of Quetta during the evening. Under the initiative, the doctor were ought to submit 40 per cent of their incomes to the gov

Published 20 Jan, 2020 12:00am

At least eight die in blaze at Czech disability home

At least eight people died and thirty were injured after a fire at a home for people with learning disabilities in a western Czech town early Sunday, rescuers said. "A total of 38 people were affected by the fire, of them eight unfortunately died," emerge

Published 20 Jan, 2020 12:00am

Heavy snow hampers search for missing South Korean, Nepal trekkers

Avalanches, heavy snow and poor visibility hampered the search Sunday for four South Koreans and three Nepalis caught in an avalanche in the popular Annapurna region of the Himalayas, officials said Relatives of the missing Koreans have arrived in Kathman

Published 20 Jan, 2020 12:00am

China reports 17 new cases of mystery virus

China reported 17 new cases of the mysterious Sars-like virus on Sunday, including three people in serious condition, heightening fears ahead of China's Lunar New Year holiday when hundreds of millions of people move around the country.

Published 20 Jan, 2020 12:00am

Nearly 7,000 have fled Niger region hit by IS attack: UNHCR

Nearly 7,000 people have fled the region in western Niger where jihadist fighters killed 89 soldiers in a devastating attack earlier this month, the UN refugee agency said. But insecurity in the region is making it difficult for the UNHCR to bring them th

Published 20 Jan, 2020 12:00am

PFA seals three wedding halls

The Punjab Food Authority (PFA) on Sunday launched an inspection operation against bigwigs of wedding halls in the provincial metropolis and sealed three while punished 20 with hefty fines besides serving improvement notices to 15 halls.

Published 20 Jan, 2020 12:00am

Two die as car plunges into sea

At least two people lost their lives as the driver lost control over his vehicle which plunged into the sea near Defence Phase VIII area of Karachi, police said Sunday. A police officer said two persons were sitting inside the vehicle which went out of co

Published 20 Jan, 2020 12:00am

Mahathir's and ours issues alike: Imran

Prime Minister Imran Khan Sunday said that Malaysian Prime Minister Mahathir Mohamed, the most experienced and accomplished statesman of the Muslim world, faced exactly the same problems as his government in Pakistan. In his twitter message, the prime min

Published 20 Jan, 2020 12:00am

Wheat flour crisis to be over by Tuesday: Murad

Sindh Government has procured 300,000 tonnes of wheat from PASCO, out which 70,000 bags have been brought to Karachi while transportation of remaining stock is underway. According to a statement issued from CM House on Sunday, the wheat stock is being lif

Published 20 Jan, 2020 12:00am

GIKI, HEU China to collaborate in science, technology

Ghulam Ishaq Khan Institute of Engineering Sciences and Technology and Harbin Engineering University (HEU) of China have agreed on Sunday to collaborate in the field of science and technology. For this purpose, a meeting was held between a visiting delega

Published 20 Jan, 2020 12:00am

Cotton & Textile

WEEKLY COTTON REVIEW: prices remain stable in local, international markets

The prices of cotton remained stable in local and international markets. The delay in issuing SRO regarding abolishing of import duty on cotton and it is feared that cotton production will decrease in the coming season if the strategy was not made on war

Published 20 Jan, 2020 12:00am

Other

Westwood captures Abu Dhabi golf title

Three months short of turning 47, England's Lee Westwood put together a masterclass in leading from the front as he won the $7 million Abu Dhabi HSBC Championship on Sunday by two shots. The two-time European Tour number one started the final round one ah

Published 20 Jan, 2020 12:00am

Cricket

Kasuza, Masvaure fifties give Zimbabwe solid platform

Kevin Kasuza struck a half-century on debut while opening partner Prince Masvaure recorded his maiden fifty as Zimbabwe finished the first day of the first Test against Sri Lanka on 189 for 2 in Harare. Masvaure, playing in his third Test, made 55 before

Published 20 Jan, 2020 12:00am

Football

Liverpool power past Manchester United, go 16 points clear

Liverpool stretched their commanding lead at the top of the Premier League to 16 points and advantage over Manchester United to 30 as goals from Virgil van Dijk and Mohamed Salah earned a 2-0 win over their historic rivals at Anfield.

Published 20 Jan, 2020 12:00am

Other

Tetra Pak wins Tenacious Polo Cup

Tetra Pak defeated Diamond Paints by 6-4.5 in the main final to win the Tenacious Polo Cup 2020 sponsored by Diamond Paints played here at Lahore Polo & 00Country Club (LP&CC) ground on Sunday.

Published 20 Jan, 2020 12:00am

Cricket

India outplay Australia to clinch ODI series

A sparkling century by Rohit Sharma and inspired bowling helped India to a series-clinching seven-wicket win over Australia in the third one-day international on Sunday. Sharma made 119 and put on a key 137-run second-wicket stand with skipper Virat Kohli

Published 20 Jan, 2020 12:00am

Other

Winter Sports Festival in Malam Jabba ends

The three-day Winter Sports Festival 2020 concluded with thrilling sports games and traditional dance and music in the scenic Malam Jabba tourist resort in Swat Valley on Sunday. The festival featured a number of winter sports games including skiing, Slal

Published 20 Jan, 2020 12:00am

Other

Ginting nabs Indonesia Masters with comeback win

Hometown hero Anthony Sinisuka Ginting snatched the men's Indonesia Masters badminton title Sunday in a dramatic comeback over defending champion Anders Antonsen, while Spain's Carolina Marin lost a nail-biting final to Thailand's Ratchanok Intanon.

Published 20 Jan, 2020 12:00am

Cricket

South Africa on brink of humiliating defeat after Root Test best

England captain Joe Root produced a Test-best bowling performance to send South Africa hurtling towards a humiliating defeat on the fourth day of the third Test at St George's Park on Sunday. Root took four for 31 as South Africa slumped to 102 for six af

Published 20 Jan, 2020 12:00am

Cricket

Pakistan-Bangladesh Test series: 19 probables called for camp

The national men's selection committee has invited as many as 19 probables for a training camp at the National Cricket Academy, Lahore. The camp will commence on Monday (today) and is being set-up for the first ICC World Test Championship fixture against

Published 20 Jan, 2020 12:00am

Scientists find powerhouses that fight tumours from within

Lurking deep inside some tumours are "factories" full of immune cells that help the body fight a rearguard action against cancer and are key to helping some patients recover, new research has shown. In recent years, doctors have turned to a new treatment

Published 20 Jan, 2020 12:00am

WHO says new China coronavirus could spread, warns hospitals worldwide

There may have been limited human-to-human transmission of a new coronavirus in China within families, and it is possible there could be a wider outbreak, the World Health Organization (WHO) said on Tuesday. Coronaviruses are a large family of viruses tha

Published 20 Jan, 2020 12:00am

Oceans were hottest on record in 2019

The world's oceans were the hottest in recorded history in 2019, scientists said on Tuesday, as manmade emissions warmed seas at an ever-increasing rate with potentially disastrous impacts on Earth's climate. Oceans absorb more than 90 percent of excess h

Published 20 Jan, 2020 12:00am

UN warns more extreme weather ahead after hottest decade on record

The past decade has been the hottest on record, the UN said on Wednesday, warning that the higher temperatures were expected to fuel numerous extreme weather events in 2020 and beyond. The World Meteorological Organization, which based its findings on ana

Published 20 Jan, 2020 12:00am

Global Business Economy

Connected cars moving targets for hackers

As cars evolve into rolling mobile computers, the potential for disastrous cyber attacks has become a new road hazard. Israeli cybersecurity firm GuardKnox demonstrated the threat in a Formula 1 driving simulation at the Consumer Electronics show this wee

Published 20 Jan, 2020 12:00am

From exoskeletons to education at CES

Exoskeletons to give wearers super-human strength and games to playfully teach children software skills for coding - such innovations were on display at the Consumer Electronics Show this week. A Guardian XO exoskeleton made in a collaboration between Sar

Published 20 Jan, 2020 12:00am

Dressed to connect: wearable tech expands all over the body

From tiredness-detecting driving glasses to shin guards that judge the performance of footballers - we've come a long way since the early days of the pulse-measuring smart watch. Some of the very latest innovations in the burgeoning wearable tech sector w

Published 20 Jan, 2020 12:00am

'Invisible computing' startup unveils smart contact lens

A startup focused on "invisible computing" Thursday unveiled a smart contact lens which delivers an augmented reality display in a user's field of vision. The Mojo Vision contact lens offers a display with information and notifications, and allows the use

Published 20 Jan, 2020 12:00am

Money & Banking

QNB's 2019 net profit beats forecast with four percent rise

Qatar National Bank, the Gulf's biggest lender by assets, posted a 4 percent rise in annual profit on Tuesday, beating analysts' forecasts, as earnings were boosted by double-digit growth in loans. The bank reported a net profit of 14.4 billion riyals ($3

Published 20 Jan, 2020 12:00am

Global Business Economy

Delta beats profit forecast as rivals battle 737 MAX crisis

Delta Air Lines Inc on Tuesday reported a fourth-quarter profit that beat estimates, boosted in part by customers it gained from rival airlines' 737 MAX cancellations and growing air travel demand. Delta shares were up more than 3 percent in premarket tra

Published 20 Jan, 2020 12:00am

Energy

Abu Dhabi's ADNOC whips up $19 billion as Aramco hails record IPO

The talk's all been about Saudi Aramco, and the suspense of its historic drive to whip up international cash. But, more quietly, its Gulf oil peer ADNOC has also been courting foreign funds - and its efforts compare favourably. Like Saudi Arabia, Abu Dhab

Published 20 Jan, 2020 12:00am

Global Business Economy

H&M to enter Panama in late 2020

The world's second-biggest fashion retailer H&M said on Friday it would open a first store in Panama at the end of 2020, making the country its first Central American market. An H&M spokesman said the store would initially not be accompanied by an online

Published 20 Jan, 2020 12:00am

Money & Banking

Bank of America beats on bond trading boost, loan growth

Bank of America Corp beat analysts' estimates for quarterly profit on Wednesday, as a boost from bond trading and growth in its loan book helped the second-biggest US lender blunt a hit from lower interest rates. Bond trading has been a bright spot for bi

Published 20 Jan, 2020 12:00am

IT & Computers

Amgen CEO expects 25 percent of growth to come from Asia in next decade

Biotechnology giant Amgen Inc expects up to a quarter of its growth to come from Asia over the next decade, Chief Executive Officer Robert Bradway told Reuters. The forecast marks a shift for 40-year-old Amgen, which still relies on the US market for more

Published 20 Jan, 2020 12:00am

Global Business Economy

Ryanair says could start getting Boeing 737 MAX by April

Ryanair could receive its first deliveries of up to 10 grounded 737 MAX aircraft from Boeing by April, Chief Marketing Officer Kenny Jacobs said on Tuesday, but cautioned the timing was dependent on regulators. That is earlier than indicated by Ryanair bo

Published 20 Jan, 2020 12:00am

Global Business Economy

Fiat Chrysler and Foxconn plan push into Chinese electric car market

Automaker Fiat Chrysler plans to set up a joint venture with the parent of iPhone assembler Foxconn to build electric cars and develop internet-connected vehicles in China, as it looks to make up ground in electric mobility. Fiat Chrysler (FCA) - which is

Published 20 Jan, 2020 12:00am

IT & Computers

Profits flat at India's TCS despite strong Europe demand

India's largest software exporter Tata Consultancy Services (TCS) said on Friday that its quarterly net profits rose just 0.2 percent, missing estimates despite robust demand from European clients. The Mumbai-based firm said its consolidated net profit ro

Published 20 Jan, 2020 12:00am

IT & Computers

Musk near $346 million payday as Tesla market value soars

Tesla Inc Chief Executive Elon Musk is coming close to earning the first $346 million tranche of options in a record-breaking pay package, after the electric vehicle maker's stock more than doubled in the last three months. Shares of Tesla surged 9 percen

Published 20 Jan, 2020 12:00am

IT & Computers

Cyber security firm McAfee hires new CEO

McAfee LLC told Reuters on Thursday it has hired Peter Leav, the former CEO of BMC Software, as its new CEO, replacing Chris Young, who created the cyber security company in its current form by carving it out of Intel Corp four years ago. The move gives M

Published 20 Jan, 2020 12:00am

Global Business Economy

Boeing finds 'minor' new 737 MAX software glitch

Boeing said Friday it discovered a new flaw in the software on the grounded 737 MAX aircraft, but hopes to resolve the matter shortly so that it does not further delay the plane's expected return to service. "We are making necessary updates and working wi

Published 20 Jan, 2020 12:00am

Energy

Cyprus says Turkey 'pirate state' in gas drilling dispute

Cyprus on Sunday accused Turkey of "piracy" after Ankara announced new plans to drill for oil and gas in the divided island's maritime zone, despite the threat of EU sanctions. "Turkey is turning into a pirate state in the eastern Mediterranean," the pres

Published 20 Jan, 2020 12:00am

IT & Computers

Dutch tech firm caught in US-China row

Dutch computer chip machine manufacturer ASML found itself on Friday at the centre of a row between Beijing and Washington over the delivery of a hi-tech system to China. ASML has been waiting since June for Dutch government approval to deliver one of its

Published 20 Jan, 2020 12:00am

IT & Computers

Microsoft to erase its carbon footprint, past and future, in climate push

Microsoft Corp set a new ambition among Fortune 500 companies in addressing climate change, pledging to remove as much carbon as it has emitted in its 45-year history. The focus on clearing carbon from the atmosphere sets Microsoft's climate goals apart f

Published 20 Jan, 2020 12:00am

Davos faces up to towering global challenges

Global decision-makers gather in Davos starting Tuesday for their annual meeting, with challenges facing the planet - from climate change to conflict in the Middle East - as imposing as the Alps that surround the Swiss resort. Observers fear the annual Wo

Published 20 Jan, 2020 12:00am

Commodities

Farmer fury and environmental anger in protest-hit Germany

From grumpy bee-keepers dumping honey on politicians' doorsteps to furious farmers holding up traffic, increasing tensions between farmers and environmentalists have overshadowed the opening of the biggest show on Germany's agriculture calendar.

Published 20 Jan, 2020 12:00am

Telecommunication

EU industry chief dismisses fears strict security rules could delay 5G

European industrial policy chief Thierry Breton dismissed claims that relying on European companies to build a 5G network would delay its rollout, weighing in on an increasingly tense debate in Germany over the risk posed by China's Huawei. In a speech at

Published 20 Jan, 2020 12:00am

Money & Banking

Thailand to curb resilient baht if needed

Thailand's central bank is still concerned about the strength of the baht and is ready to take further action if necessary, a deputy central bank governor said on Tuesday. The baht's gains have been driven by the country's large current account surplus, a

Published 20 Jan, 2020 12:00am

Money & Banking

Fund investors send biggest inflows to bonds since 2013

Fund investors began the new year by pulling $13.1 billion out of mutual funds and exchange-traded funds that hold US stocks over the first full week of 2020, the largest pullback from the domestic stock market since September, according to data released

Published 20 Jan, 2020 12:00am

Money & Banking

Foreign buying in Asian bonds more than doubled in 2019

Foreign flows into Asian bonds more than doubled in 2019 as a fall in US interest rates and a de-escalation in Sino-US trade tensions helped to prop up money flows into the region. Overseas investors purchased a net $25.98 billion worth of regional bonds

Published 20 Jan, 2020 12:00am

Money & Banking

J.P Morgan first major brokerage to rate Saudi Aramco 'overweight'

J.P. Morgan is the first major brokerage to initiate coverage of Saudi Aramco with an "overweight", setting a price target of 37 riyals ($9.86) per share and saying it sees scope for an increase in the energy giant's proposed $75 billion base dividend.

Published 20 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

Markets →

Budget 2024-25: income tax calculator for FY25

Most Popular