News Archives for Print - 2020-01-21 - Business Recorder

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Print - 2020-01-21

Iran says it may pull out of nuclear treaty over Europe dispute

Iran says it may pull out of nuclear treaty over Europe dispute

Iran said Monday it will consider withdrawing from the Treaty on the Non-Proliferation of Nuclear Weapons (NPT) if a dispute over its atomic programme goes before the UN Security Council.

Published 21 Jan, 2020 12:00am

EU to add vetting of climate results to fiscal monitoring

EU to add vetting of climate results to fiscal monitoring

The European Commission will this year begin to assess the green transition of EU states as part of its monitoring of national budgets, a top official said, in a new sign of the bloc's commitment to meet ambitious climate goals.

Published 21 Jan, 2020 12:00am

Germany charges lawyer, six bankers with mass tax fraud

Germany charges lawyer, six bankers with mass tax fraud

German prosecutors on Monday said they had charged a lawyer and six employees of a now insolvent bank with fraud over a mass scam that saw them falsely claim nearly 400 million euros in tax rebates.

Published 21 Jan, 2020 12:00am

PM informed: CCP imposes Rs 75 million penalty on PFMA in December 2019

PM informed: CCP imposes Rs 75 million penalty on PFMA in December 2019

Competition Commission of Pakistan (CCP) Monday informed Prime Minister Imran Khan that the CCP in December 2019 imposed a maximum penalty of Rs 75 million on Pakistan Flour Mills Association (PFMA) for committing cartelization and violating Section 4 of

Published 21 Jan, 2020 12:00am

Fazl criticises PML-N, PPP

Fazl criticises PML-N, PPP

Jamiat Ulema-e-Islam-Fazl (JUI-F) chief Maulana Fazlur Rehman Monday announced to start next anti-government drive soon across the country, saying that the Pakistan Tehreek-e-Insaf (PTI) government has ruined every segment of the economy and masses can no

Published 21 Jan, 2020 12:00am

Wells praises progress on FATF

Wells praises progress on FATF

The US Principal Deputy Assistant Secretary of State for South and Central Asian Affairs, Alice Wells on Monday appreciated Pakistan's 'significant progress' made on the measures in compliance with Financial Action Task Force (FATF) action plan in 'quite

Published 21 Jan, 2020 12:00am

PSX stays depressed: BRIndex100 edges down

Stocks

PSX stays depressed: BRIndex100 edges down

Pakistan Stock Exchange Monday remained under pressure due to selling in various sectors.

Published 21 Jan, 2020 12:00am

Sindh CM orders crackdown on hoarders

Sindh CM orders crackdown on hoarders

Sindh Chief Minister Syed Murad Ali Shah Monday ordered crackdown on hoarders so that illegally stored grain could be floated in the open market to stabilize the price of wheat flour (atta).

Published 21 Jan, 2020 12:00am

Punjab to dispatch '5,000 tons' of wheat to KP on daily basis

Punjab to dispatch '5,000 tons' of wheat to KP on daily basis

The Punjab government has decided to dispatch "5,000 tons" of wheat to Khyber Pakhtunkhwa on daily basis. This decision was taken in a meeting chaired by Chief Minister Punjab Sardar Usman Buzdar at his office, here on Monday.

Published 21 Jan, 2020 12:00am

Wheat import allowed

Wheat import allowed

The Economic Coordination Committee (ECC) of the Cabinet has decided to allow import of 0.3 million tons of wheat to bring down its prices in the local market, subsequent to reported shortage of wheat that led to escalation of flour prices in the country.

Published 21 Jan, 2020 12:00am

PM urges traders to pay taxes

PM urges traders to pay taxes

Prime Minister Imran Khan has urged traders to pay taxes as it is the only way to develop the country, saying if the government does not collect taxes, the entire nation would go down and everyone would suffer.

Published 21 Jan, 2020 12:00am

Decline in cotton output annoys PM

Decline in cotton output annoys PM

Prime Minister Imran Khan has expressed concern over decline in cotton production and directed Finance Ministry, Commerce Division and Ministry of National Food Security to submit recommendations after reviewing the proposals with respect to cotton suppor

Published 21 Jan, 2020 12:00am

Wholesale sugar price up by 11 percent

Wholesale sugar price up by 11 percent

The wheat crisis across the country has been augmented with a sugar crisis as its wholesale price rose by 11 percent to Rs 75500 per ton from Rs 68000 per ton within a couple of days due to powerful speculators, well informed sources told Business Reco

Published 21 Jan, 2020 12:00am

PM directs FBR chief to hold 'open house' every Monday

Prime Minister Imran Khan on Monday directed the chairman Federal Board of Revenue (FBR) to hold 'open house' every Monday to address the difficulties of industry.
Published 21 Jan, 2020 12:00am

Billionaires richer than 60 percent of the world's population: Oxfam

The world's billionaires have doubled in the past decade and are richer than 60 percent of the global population, the charity Oxfam said Monday.
Published 21 Jan, 2020 12:00am

Dam funds: SBP issues warning

The State Bank of Pakistan (SBP) has warned that any negligence for collection of Dam funds may face penal action against banks and may also tantamount to contempt of court.
Published 21 Jan, 2020 12:00am

Milk, rice, wheat flour, other items: Big retailers can charge no sales tax

The big retailers integrated with the Federal Board of Revenue (FBR) cannot charge any sales tax on sale of milk, rice, wheat flour, pulses, fruits & vegetables (except canned and packaged), uncooked meat, poultry, eggs, stationary items, medicines, lapto
Published 21 Jan, 2020 12:00am

BJP picks new president

India's Hindu nationalist ruling party on Monday elevated a veteran lawmaker and long-time associate of Prime Minister Narendra Modi to become its president ahead of a string of state elections. Jagat Prakash Nadda, who rose through the ranks after cuttin
Published 21 Jan, 2020 12:00am

Murtaza made Deputy Governor SBP

Finance Division on Monday issued a notification for appointment of Murtaza Syed as Deputy Governor State Bank of Pakistan (SBP).
Published 21 Jan, 2020 12:00am

Consultation with Centre ordered: Services of Sindh IGP shall not be surrendered: SHC

Sindh High Court (SHC) Monday ordered the provincial government that services of Inspector General of Police (IGP) Sindh shall not be surrendered without consulting the federal government till the next hearing of the case.
Published 21 Jan, 2020 12:00am

Letters
'Battle of diplomacy'

This is apropos a Business Recorder op-ed "Battle of diplomacy" carried by the newspaper yesterday. The writer, Andleeb Abbas, seems to have made an unfair comment on the role of country's media in relation to PTI government's decision to boycott t
Published 21 Jan, 2020 12:00am

Articles
At 50, Davos matures beyond corporate 'speed dating'

Like others approaching middle age, the World Economic Forum turns 50 insisting it has matured, that it has moved on from hard partying and wants more meaningful relationships. The focus for this week's annual meeting in Davos will be as much on hearing f
Published 21 Jan, 2020 12:00am

Articles
Another headache for fruitwallas and sabziwallas?

On July 22, 2019 the FBR issued Circular No. 1/2-STB/2019 which was supposed to clarify the provision in the finance act regarding collection of CNIC from consumers on specific transactions. Sadly, as with most things the FBR is prone to put out, this cir
Published 21 Jan, 2020 12:00am

Articles
The wide and deep slowdown

The process of slowdown of the economy continues in an uninterrupted manner. The initial signs of a loss of momentum in economic activity first became visible from December 2018 onwards. The leading sector in experiencing a decline in production has been
Published 21 Jan, 2020 12:00am

Another attempt at media control

This government keeps coming up with ever new schemes to control the media. The plan to set up special media courts having been thwarted by all stakeholders, it has now devised another policy to 'manage' the print and electronic media by centralizing allo
Updated 21 Jan, 2020 06:28am

UN economic growth projection

The United Nations in its latest report titled "World Economic Situation and Prospects" has projected Pakistan's growth rate at 2.1 percent for 2020 - 0.3 percent lower than the International Monetary Fund's and the World Bank's and 0.7 percent less than
Updated 21 Jan, 2020 06:28am

Clearance of audit objections: Parliamentary panel irked by protracted delays

A parliamentary panel expressing serious anger on Monday over the failure of Ministry of Commerce and attached departments to get audit objections cleared pending since 1999 has advised the ministry and attached departments to closely cooperate with Audit
Published 21 Jan, 2020 12:00am

NSCCP scam: Ahsan sent to judicial remand till February 7

The Accountability Court on Monday rejected National Accountability Bureau's (NAB) request to extend physical remand of senior leader of Pakistan Muslim League-Nawaz (PML-N) and former interior minister Ahsan Iqbal and sent him to jail on judicial remand
Published 21 Jan, 2020 12:00am

Taxes
CM aide pays surprise visit to excise directorate

Chief Minister's special assistant on excise, taxation and narcotics control Ghazan Jamal, on Monday paid a surprise visit to excise directorate and met general public present in the premises for official business.
Published 21 Jan, 2020 12:00am

Misappropriation in government subsidy: Court to seek details of accused fled abroad

Hearing multibillion rupees fake bank accounts case on Monday, the Accountability Court decided to seek details of some accused of a case related to misappropriation in the government subsidy awarded to sugarcane growers from the relevant authorities who
Published 21 Jan, 2020 12:00am

Roshan Sindh Program case: IHC extends pre-arrest bail of Sharjeel Memon for two days

The Islamabad High Court (IHC) on Monday extended interim pre-arrest bail of Pakistan Peoples Party (PPP) leader Sharjeel Memon for two more days in the Roshan Sindh Program case.
Published 21 Jan, 2020 12:00am

Standing committee on petroleum: Senators from Balochistan stage token walkout

Senators hailing from Balochistan staged a token walkout on Monday from the proceedings of the Senate Standing Committee on Petroleum against non-regularisation of engineers despite assurance from Oil and Gas Development Company Limited (OGDCL).
Published 21 Jan, 2020 12:00am

Inquiry, probe against judge: SHCBA counsel explains greater SJC domain

It was argued before the Supreme Court that directing Federal Investigation Agency (FIA), Federal Board of Revenue (FBR) and Inter-Services Intelligence (ISI) to investigate against a judge will open the floodgate of chaos in society.
Published 21 Jan, 2020 12:00am

PTI likely to handpick Sikander Sultan as new CEC

The ruling Pakistan Tehreek-e-Insaf (PTI), which was hell-bent to appoint a candidate of its choice as chief election commissioner, is likely to handpick Sikander Sultan Raja as new CEC - a consensus candidate of all political parties.
Published 21 Jan, 2020 12:00am

30 arrested under various charges

Two persons were injured while the city police on Monday claimed to have arrested around 30 accused in their raids conducted at various city neighbourhoods during the last 24 hours. According to police, five accused were arrested under arm act, and eight
Published 21 Jan, 2020 12:00am

Taxes
MCC seizes cell phones, liquor worth Rs 5.8 million

Model Customs Collectorate (MCC), Preventive on Monday claimed to have seized considerable quantity of cell phones and liquor worth Rs. 5.8 million at Jinnah International Airport (JIAP).
Published 21 Jan, 2020 12:00am

FPCCI calls for framing 'robust' industrial policy

President Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Mian Anjum Nisar and Vice President FPCCI Sheikh Sultan Rehman have urged government to develop a robust and holistic industrial policy that could lead to a massive industrializati
Published 21 Jan, 2020 12:00am

Cotton & Textile
PTA urges government to reduce electricity charges

Chairman Pakistan Tanners Association (PTA) Sheikh Afzal Hussain has urged Prime Minister Imran Khan and others on helm of the affairs to look into the matter of hike in electricity prices in Karachi and rest of province and reduce it to the reasonable ex
Published 21 Jan, 2020 12:00am

'Breast cancer ward' set up at SIUT

Sindh Institute of Urology and Transplantation (SIUT) has enhanced its services by setting up a "breast cancer ward" as a part of its clinical ambit. The newly established ward was inaugurated by Dr Azra Pechuho, Sindh Health Minister at ceremony on Monda
Published 21 Jan, 2020 12:00am

Gold price rises by Rs 300

Gold prices on Monday were closed at Rs89800 per tola, up by Rs300 on the local market, traders said. The precious metal was selling for Rs76990 per 10 grams, up by 258 and US$1560 an ounce up by US$3. Silver was traded for Rs1030 per tola, Rs883 per 10 g
Published 21 Jan, 2020 12:00am

Proper direction vital to boost economic growth: PBIF

President Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain has said proper economic direction is necessary to trigger growth.
Published 21 Jan, 2020 12:00am

Ghani condemns federal ministers' statements on flour crisis

Sindh Minister for Information Labor Saeed Ghani has said that the irresponsible behavior of federal ministers over the wheat flour crisis was highly condemnable.
Published 21 Jan, 2020 12:00am

Ontex to invest 10 million Euros to double production capacity

Ontex has announced to invest 10 million Euros in a couple of years to double its production capacity in Pakistan not only to serve the local market but explore export opportunities in the region. Ontex was the first multinational company in the diapers c
Published 21 Jan, 2020 12:00am

KWGA urges government to ban supply of sugar to Afghanistan

Karachi Wholesalers Association (KWGA) Monday urged the federal government to slap immediate ban on sugar supply to Afghanistan to avert the looming sugar crisis. Sugar prices in the domestic market are already on increase reaching Rs 73.50 per kilogram i
Published 21 Jan, 2020 12:00am

Sindh only province where LG system working: Murad

Sindh Chief Minister Syed Murad Ali Shah Monday said that Sindh was the only province where local government was working while Punjab, KP and Balochistan have abolished this system.
Published 21 Jan, 2020 12:00am

Apple-laden trailer seized at Torkham border

The Customs Intelligence and Investigation department Peshawar has recovered a smuggled trailer loaded with 25,500 kilogramme apple from Mardan Fruits Market which was entered in Pakistan from Afghanistan via Torkham border on fake documents.
Published 21 Jan, 2020 12:00am

Commodities
Wheat flour shortages: Nanbais go on indefinite strike

While people perturbing over increase in prices of flour in the country, nanbais (bread makers) in Peshawar, Hazara division and rest parts of Khyber Pakhtunkhwa on Monday went on strike for indefinite period after failure in negotiations with the provinc
Published 21 Jan, 2020 12:00am

Army rescues 22 LUMS students

Pakistan Army on Monday rescued 22 students of LUMS stranded in snow-hit Rattu in Gilgit to Rawalpindi.
Updated 21 Jan, 2020 05:04am

Senate body voices concern over child abuse cases across country

The Special Committee of the Senate on Child Protection on Monday expressed grave concerns over repeated cases of child abuse in the country and urged the relevant departments and agencies to play their effective role to nab the accused and prevent such c
Published 21 Jan, 2020 12:00am

Stocks
Employee Stock Option Scheme: SECP issues Companies (Further Issue of Shares) Regulations

A public company may issue shares to its employees under Employee Stock Option Scheme. The Securities and Exchange Commission of Pakistan (SECP) on Monday issued Companies (Further Issue of Shares) Regulations, 2020 to specify conditions for issue of Empl
Published 21 Jan, 2020 12:00am

Cost of RBOD-II project escalates due to mismanagement

The cost of extension of Right Bank Outfall Drain (RBOD-II) project has been escalated from Rs 29.22 billion to Rs 61.985 billion due to mismanagement.
Published 21 Jan, 2020 12:00am

'The Zainab Alert, Response and Recovery Bill, 2020' reviewed

The Senate Functional Committee on Human Rights on Monday recommended that "The Zainab Alert, Response and Recovery Bill, 2020" should be extended to the entire country with incorporation of a clause for sending such cases to anti-terrorism courts.
Published 21 Jan, 2020 12:00am

Senate passes Regulation of Generation, Transmission Amendment Bill

The Upper House of the Parliament on Monday unanimously passed 'the Regulation of Generation, Transmission and Distribution of Electric Power (Amendment) Bill, 2019,' a private member bill moved by Leader of the House in Senate Shibli Faraz, which seeks t
Published 21 Jan, 2020 12:00am

'Credibility of news': Pemra asked to develop mechanism

The National Assembly Standing Committee on Information and Broadcasting on Monday asked Pakistan Electronic Media Regulatory Authority (PEMRA) to devise a mechanism to ensure credibility of news.
Published 21 Jan, 2020 12:00am

NDMA chairman visits snowfall-hit areas of Balochistan

Chairman NDMA Lt General Muhammad Afzal has visited the rains and snowfall affected areas of Balochistan on Monday. Director General Provincial Disaster Management Authority Imran Zargun briefed the chairman on the losses and damages caused by recent spel
Published 21 Jan, 2020 12:00am

Stocks
Issuance of shares, bonus issue: SECP issues new conditions for listed companies

The Securities and Exchange Commission of Pakistan (SECP) has issued new conditions for listed companies for issuance of right shares, bonus issue and further shares. The SECP has issued Companies (Further Issue of Shares) Regulations, 2020 here on Monday
Published 21 Jan, 2020 12:00am

KP LG Department: AGP detects illegal, excess payments of Rs 302.78 million

The Auditor General of Pakistan (AGP) has detected an unauthorized payment of Rs 272.443 million in three cases and one case of excess payment of Rs30.345 million in Local Government Department of Khyber Pakhtunkhwa, said the AGP Report 2016-17.
Published 21 Jan, 2020 12:00am

President Alvi pays surprise visit to NICH

President Dr Arif Alvi on Monday paid surprise visit to National Institute of Child Health (NICH) to inspect facilities being provided to the patients. He visited different wards of the hospital and inquired about the health of the under treatment patient
Published 21 Jan, 2020 12:00am

PPA holds protest against shortage of pharmacists

Pakistan Pharmacists Association (PPA) has staged protest demonstration against shortage of pharmacists in public sector health facilities in Sindh, demanding the appointment of pharmacists in the facilities as per the guidelines laid down by World Health
Published 21 Jan, 2020 12:00am

Small businesses' activities: Provinces asked to do away with requirement of 74 licences

Prime Minister Imran Khan directed provincial governments on Monday to do away with requirement of 74 licenses to start business activities to facilitate the small businesses within three days.
Published 21 Jan, 2020 12:00am

PM to meet Trump at Davos

Prime Minister Imran Khan will meet US President Donald Trump on the sidelines of World Economic Forum (WEF) being held in Davos, Switzerland, from January 21 to 23, 2020. According to Foreign Office Spokesperson Aisha Farooqui, Prime Minister Imran Khan
Published 21 Jan, 2020 12:00am

Murad spells out Sindh government's priority projects under CPEC

Sindh Chief Minister Syed Murad Ali Shah has said that his government was keen to start a number of projects under CPEC but his top priority projects include Karachi Circular Railway, Dhabeji Special Economic Zone and Keti Bandr, and hoped that the federa
Published 21 Jan, 2020 12:00am

SITE filter plant: Reservations voiced over handing-over of management

Chairman Hyderabad SITE Association of Trade and Industry Mazhar-ul-Haq Choudhry has expressed his reservations over handing over the management of SITE filter plant to Water and Sanitation Agency, adding that such move of Sindh Government could cause inc
Published 21 Jan, 2020 12:00am

Articles
Partly Facetious: What Zardari, Maryam have in common?

"So what's the thinking?"
Published 21 Jan, 2020 12:00am

UHS approves affiliation of 29 institutes for 56 new programmes

The Syndicate of University of Health Sciences (UHS) has approved the affiliation of 29 institutes for start of 56 new postgraduate and undergraduate programmes.
Published 21 Jan, 2020 12:00am

Speakers for bridging police-public trust deficit

Inconsistencies in the tenure of Punjab Inspectors General of Police (IGPs) due to political interferences, lack of trainings and resources for investigations, especially in sexual abuse cases, long duty hours and under-staffed police stations with shorta
Published 21 Jan, 2020 12:00am

Vietnam envoy stresses importance of exchange of trade delegations

Ambassador of Vietnam Pham Hoang Kim has said that trade boost is highly linked to exchange of trade delegation therefore private sectors of the two countries should focus this particular area.
Published 21 Jan, 2020 12:00am

Police constable, brother shot dead

A Police constable Nabeel Ahmad posted at Police Station Batala Colony and his younger brother Adeel were shoot dead by their third brother Nadeem Ahmad, who was running a den of Narcotics in Chak No.113GB in area of Jaranwala Police Station. Police have
Published 21 Jan, 2020 12:00am

PIC incident: CM vows firm action

Punjab Chief Minister Sardar Usman Buzdar has said that those found responsible for causing Punjab Institute of Cardiology (PIC) tragic incident will be taken to their logical end and stern action will be taken against those found responsible for negligen
Published 21 Jan, 2020 12:00am

Model Town killings: LHC bench summons CS, AGP on February 10

A full bench of the Lahore High Court on Monday directed the Chief Secretary Punjab to appear before the court on February 10 with complete record of two Joint Investigation Teams (JITs) formed in Model Town killings incident along with the required mater
Published 21 Jan, 2020 12:00am

Nawaz's return: counsel avoids giving cutoff date

A division bench of the Lahore High Court on Monday was not given a cutoff date of Nawaz Sharif's return from London despite expiry of four-week travel permission.
Published 21 Jan, 2020 12:00am

Cotton & Textile
Fully Automated Sales Tax e-Refund System: PHMA concerned at deferment of some payment

The hosiery industry has raised concern over deferment of some payment under the Fully Automated Sales Tax e-Refund System (FASTER) without providing any substantive reason but hailed the government overall efforts of speedy payment of exporters' sales ta
Published 21 Jan, 2020 12:00am

Money & Banking
Pakistan and China: report underscores need for strengthening financial cooperation

The report on internationalization of RMB states that future financial cooperation between China and Pakistan in capital market needs to be strengthened, especially in the bond market. The advantages of China's third party e-payment and fintech into full
Published 21 Jan, 2020 12:00am

Faisalabad admin decides to conduct audit of flour mills

The Faisalabad administration has decided to conduct an "Impartial Audit" of flour mills and grinding chakies operating in Faisalabad District which were receiving wheat quota from the government. The purpose of this audit was aimed to assess the differen
Published 21 Jan, 2020 12:00am

Commodities
Rain-hit French wheat sowing seen down to 19-year low

The area sown with soft wheat for this year's harvest in France, the European Union's biggest grain producer, is estimated to have declined by 10% compared with 2019 to a 19-year low after heavy rain disrupted field work, a survey showed on Friday.
Published 21 Jan, 2020 12:00am

Commodities
CBOT corn soars on bargain buying

Chicago Board of Trade corn futures rose about 3% on Friday, more than offsetting the previous day's plunge, supported by bargain buying and expectations of a pick-up in export and domestic demand for US corn, traders said.
Published 21 Jan, 2020 12:00am

Commodities
Thai rice prices climb to over 20-month high

Thai rice export prices scaled a more than 20-month peak this week as a persistent drought heightened supply concerns, while improved demand from African countries drove an uptick in rates for the Indian variety.
Published 21 Jan, 2020 12:00am

Commodities
CBOT wheat futures higher on technical buying

Chicago Board of Trade wheat futures closed higher on Friday, buoyed by technical buying, a pickup in global wheat export business this week and a surge in corn futures, traders said.
Published 21 Jan, 2020 12:00am

Commodities
China's coking coal futures hit four-month high

Coking coal futures in China gained as much as 1.5% on Thursday, hitting their highest in nearly four months, as coal mines gradually suspend production ahead of the country's Lunar New Year holidays and as imports plunged in December.
Published 21 Jan, 2020 12:00am

Commodities
Gold purchases gather steam in China and Singapore

Physical gold purchases gathered steam ahead of the Lunar New Year celebrations in China and Singapore, while demand in India dwindled this week, encouraging retailers to offer more discounts.
Published 21 Jan, 2020 12:00am

Cotton & Textile
Sluggish trading activity seen on cotton market

Sluggish business was seen on the cotton market on Monday as most of the participants were on the sidelines due to less interest, dealers said.
Published 21 Jan, 2020 12:00am

Taxes
Track, Trace System in tobacco sector: FBR explains how process of implementation can be resumed

Federal Board of Revenue announced Monday that the process of implementation of Track and Trace System in tobacco sector will be resumed as and when the stay order is vacated by the High Court.
Published 21 Jan, 2020 12:00am

Ministry, EDB accused of pocketing billions from auto sector companies

Ministry of Industries and Production and its attached organization Engineering Development Board (EDB) on Monday have been accused of pocketing billions of rupees from auto sector companies and compromising on the standards of locally assembled cars.
Published 21 Jan, 2020 12:00am

Brief Recordings
Tri-Pack Films Limited

Tri-Pack Films Limited (PSX: TRIPF) was established in 1993 as a public limited company. It was initiated as a joint venture between Mitsubishi Corporation of Japan and Packages Limited of Pakistan to produce Biaxially Oriented Polypropylene (BOPP). In 20
Updated 21 Jan, 2020 06:20am

Indian Christians protest against 'anti-Muslim' law

More than 8,000 people from the Christian community took to the streets in eastern India Monday to protest against a citizenship law that critics say discriminates against Muslims. Hindu-majority India has been gripped by widespread street demonstrations
Published 21 Jan, 2020 12:00am

China confirms human-to-human transmission as SARS-like virus spreads

A SARS-like virus that has spread across China and reached three other Asian nations is contagious between humans, a government expert said Monday, fuelling fears of a major outbreak as millions travel for the Lunar New Year holiday.
Published 21 Jan, 2020 12:00am

Nine killed, one missing in Indonesia bridge collapse

Nine people drowned and another was missing after a bridge collapsed on Indonesia's Sumatra island, the disaster agency said Monday. Some 30 people, mostly students, were on the bridge Sunday afternoon in the town of Kaur when the newly built crossing sud
Published 21 Jan, 2020 12:00am

Two killed as storm lashes Spain

Freezing winds, heavy snow and rain lashed parts of Spain Monday, killing two people, forcing the closure of schools and disrupting travel, officials said. A 54-year-old homeless woman from Romania was found dead, apparently from hypothermia, on Monday mo
Published 21 Jan, 2020 12:00am

Suicide bomber kills nine civilians in Chad

Nine civilians died in western Chad after a female suicide bomber detonated her explosives in an area targeted in the past by jihadist group Boko Haram, the army and officials said on Monday. Chad is one of the countries struggling with the jihadist viole
Published 21 Jan, 2020 12:00am

Sri Lanka president acknowledges thousands of war missing are dead

Sri Lanka President Gotabaya Rajapaksa has acknowledged for the first time that more than 23,500 people missing for a decade since the end of the country's protracted Tamil war are dead.
Published 21 Jan, 2020 12:00am

Virginia pro-gun rally draws crowds amid fears of violence

Several thousand gun rights supporters massed near the Virginia state capitol Monday for a rally under heavy surveillance and a state of emergency declared by authorities fearing violence by far-right groups. Dressed in hunting jackets and caps, rally-goe
Published 21 Jan, 2020 12:00am

New York Times endorses Warren, Klobuchar for president

The New York Times on Sunday endorsed Senators Amy Klobuchar and Elizabeth Warren for the Democratic presidential nomination, its first time choosing two candidates. The liberal newspaper's pick comes just a few weeks before the Iowa caucuses on February
Published 21 Jan, 2020 12:00am

Two dead, 15 injured in US shooting

A shooting outside a bar in the US city of Kansas has left two people dead and at least 15 injured, three of whom were in critical condition, police said on Monday. The shooting occurred at about 11:30 pm Sunday (0530 GMT) as people lined up outside the b
Published 21 Jan, 2020 12:00am

Three Iraq protesters killed as anger boils over government 'procrastination'

Three Iraqi protesters were killed in the capital as thousands of anti-government demonstrators sought to shut streets across the country on Monday, their deadline for authorities to implement long-awaited reforms.
Published 21 Jan, 2020 12:00am

Eight EU nations back naval force to patrol Strait of Hormuz

The French foreign ministry said Monday that eight European Union nations had given their "political support" for a new naval patrol to help avoid potential conflicts in the Strait of Hormuz, the strategically critical entry to the Gulf.
Published 21 Jan, 2020 12:00am

Money & Banking
Russian rouble up

The Russian rouble firmed on Monday, pricing in higher oil prices and local tax payments, while stocks hit fresh record high. At 0737 GMT, the rouble was 0.2% stronger against the dollar at 61,44 and had gained 0.10% to trade at 68.18 versus the euro.
Published 21 Jan, 2020 12:00am

Money & Banking
Forint drifts toward record lows

Hungary's forint on Monday edged back toward record lows hit in November as the central bank's loose policy stance spurred some investors to short the currency, while Polish bond yields extended their early-2020 climb to multi-month highs.
Published 21 Jan, 2020 12:00am

Money & Banking
Dollar steadies in Asia

The dollar began the week on a firm note on Monday as economic data pointed to strength right across the US economy, while optimism on the outlook for China supported Asian currencies.
Published 21 Jan, 2020 12:00am

Money & Banking
Dollar rises to its strongest level of 2020 in Europe

The dollar rose to its strongest level of 2020 on Monday after last week's run of data confirmed that the US economy is holding up well, while China's yuan briefly hit a new six-month high.
Published 21 Jan, 2020 12:00am

Money & Banking
Sudanese pound falls to record low on black market

Sudan's pound fell to a record low on the black market, traders said on Monday. The dollar was selling for 100 Sudanese pounds in cash transactions compared to 88 pounds a week ago, as the gap with the official rate of 45 to the dollar continues to widen.
Published 21 Jan, 2020 12:00am

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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

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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

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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

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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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