News Archives for Print - 2020-01-23

Print - 2020-01-23

FDI inflows decline 20 percent

Foreign Direct Investment (FDI) inflows into Pakistan declined by 20 percent to $1.9 billion in 2019 (calendar year) against $2.4 billion in 2018, with Bangladesh in second place in the region with a 6 percent decline to $3.4 billion according to the Unit

Published 23 Jan, 2020 12:00am

Ehsaas Programme outreach: Government to launch 'institutional arrangement' in 3 months: Nishtar

Special Assistant to Prime Minister on Social Protection and Poverty Alleviation, Dr Sania Nishtar Wednesday said the federal government is set to launch an 'institutional arrangement' in the next three months, allowing the corporate and private sectors t

Published 23 Jan, 2020 12:00am

FBR's 'FASTER': Refund claims hit by system glitches, say exporters

A number of technical and operational problems have been observed by exporters whose refund claims are hit by the system glitches of the Federal Board of Revenue (FBR).

Published 23 Jan, 2020 12:00am

July 2019 to 17 January 2020: Around 38.4 percent funds under CPEC released

Approximately 38.4 percent funds have been released from July 2019 to 17 January 2020 for projects under China-Pakistan Economic Corridor (CPEC) - 11.52 percent lower than the 50 percent pledged for the first half of the fiscal year.

Published 23 Jan, 2020 12:00am

Pakistan-China relationship, CPEC: China expresses opposition to US 'interference'

The Chinese Embassy in Islamabad on Wednesday dismissed the 'negative propaganda' of the Untied States about China-Pakistan Economic Corridor (CPEC) and posed questions to the top US diplomat Alice Wells if she has brought any 'aid, investment or trade fo

Published 23 Jan, 2020 12:00am

Stocks

KSE-100 Index stays bearish: BRIndex100 flat

Pakistan Stock Exchange Wednesday ended on a negative note due to selling in various sectors. BRIndex100 lost 1.31 points or 0.03 percent to close at 4,468.25 points. BRIndex100 touched intraday high of 4,478.59 and intraday low of 4,413.53 points. Volume

Updated 23 Jan, 2020 06:17am

Trump revives trade battle with Europe with threat to cars

US President Donald Trump, fresh from calling a trade truce with China, threatened on Wednesday to impose crippling tariffs on European autos unless the EU budges on a transatlantic deal.

Published 23 Jan, 2020 12:00am

Provident funds can't be maintained in form of cash: SECP

The Appellant Bench of the Securities and Exchange Commission of Pakistan (SECP) Wednesday conveyed to the trustees of provident funds of companies that the provident funds cannot be maintained in the form of cash and funds must be deposited in the specia

Published 23 Jan, 2020 12:00am

PM calls for UN action on Kashmir

Prime Minister Imran Khan called on Wednesday for the United Nations to help mediate between India and Pakistan over the disputed territory of Kashmir.

Published 23 Jan, 2020 12:00am

Hafeez thanks ADB for supporting Pakistan

Advisor to Prime Minister on Finance and Revenues, Dr. Abdul Hafeez said Wednesday that Pakistan looked forward to further strengthening partnership with Asian Development Bank (ADB) under the leadership of its new President, Masatsugu Asakawa. Talking t

Published 23 Jan, 2020 12:00am

Definite growth targets set: PM

Prime Minister Imran Khan on Wednesday said his government had set definite targets for growth of economy through foreign investment and ease-of-doing business as the country gained strength in financial domain.

Published 23 Jan, 2020 12:00am

Buzdar to meet 20 disgruntled PTI MPAs today

In a bid to avoid a no-confidence motion against himself, Punjab Chief Minister Usman Buzdar has decided to meet 20 disgruntled MPAs of his party today (Thursday). The sources privy to the development told Business Recorder that as many as 20 MPAs

Published 23 Jan, 2020 12:00am

Air Marshal Arshad hands over CEO function to PIACL BoDs

In line with SECP Rules, Board of Directors of PIACL through a competitive process recommended the appointment of Air Marshal Arshad Malik as CEO PIACL, which was formally approved by the Federal Cabinet.

Published 23 Jan, 2020 12:00am

FATF's Working Group expresses satisfaction over report

The Financial Action Task Force's (FATF) Working Group has expressed satisfaction while reviewing Pakistan's performance report from October 2019 till January 2020 in compliance with the global illicit financing watchdog's action plan carrying 27 recommen

Published 23 Jan, 2020 12:00am

Surcharges, taxes: Textile sector urges Power Division to withdraw SRO

The country's textile sector has urged the Power Division to withdraw its SRO regarding imposition of surcharges, taxes and positive fuel adjustment on export-oriented sectors as it will have a disastrous impact on exports and the balance of payments as i

Published 23 Jan, 2020 12:00am

Trump to visit Pakistan soon: Qureshi

Foreign Minister Makhdoom Shah Mahmood Qureshi Wednesday said US President Donald Trump had assured that he would soon visit Pakistan. In a statement received here over the visit of Prime Minister Imran Khan to Davos to attend the World Economic Forum, th

Published 23 Jan, 2020 12:00am

Punjab government delivers flour bags at PML-N official's residence

The PTI-led Punjab government has sent flour bags to PML-N Punjab Information Secretary Uzma Bukhari's residence in Lahore.

Published 23 Jan, 2020 12:00am

Reference against judge: SC describes notification for ARU as 'eye-opener'

The Supreme Court on Wednesday observed that notification for the establishment of Asset Recovery Unit (ARU), which contains its terms of reference, is an eye-opener.

Published 23 Jan, 2020 12:00am

India's SC gives government more time to explain divisive citizenship law

India's Supreme Court declined calls to suspend the implementation of a new citizenship law on Wednesday, deciding that a constitutional bench of five judges was needed to hear all the challenges to legislation that critics point out discriminates against

Published 23 Jan, 2020 12:00am

Who is actually behind wheat flour crisis?

The current crises of wheat and sugar are said to be the outcome of decisions taken by one of the top men in the Food Department Punjab, an ex-PCS official who directly deals with flour mills and sugar mills across Punjab, well-informed sources told B

Published 23 Jan, 2020 12:00am

Trump to add a 'couple of countries' to US travel ban

US President Donald Trump said Wednesday his administration was preparing to add a "couple of countries" to the controversial list of states whose citizens are subject to travel bans or severe restrictions on entry to the United States. "We are adding a c
Published 23 Jan, 2020 12:00am

Millers say there's no sugar crisis

Sugar millers have brushed aside the reports of a brewing sugar crisis in the country, saying that country will be producing some 5.6 million tons of sweetener this year against its total annual consumption of 5.2 million tons.
Published 23 Jan, 2020 12:00am

Letters
Absence of taxation culture?

That the incumbent Federal Board of Revenue (FBR) chairman is vastly different from his predecessors is a fact. Describing the existing taxation system as 'extortionist', the FBR head has in fact made a bold admission about the taxation arm of the governm
Published 23 Jan, 2020 12:00am

Articles
BlackRock coal divestment welcomed, scrutinised by insiders

Investment behemoth BlackRock's decision to divest holdings in companies reliant on coal may encourage more climate-friendly finance but raises questions over how investors prioritise the future of the planet, analysts and industry insiders said Wednesday
Published 23 Jan, 2020 12:00am

Articles
Criticality of competitive electricity pricing

The export-oriented sectors of Pakistan have shown marked resilience over the past decades, having weathered the storms of economic uncertainty, severe energy shortages, overvalued currency and delayed refunds. Aided by policy initiatives of the governmen
Published 23 Jan, 2020 12:00am

Articles
What's with the Police anyways?

Between a Khawaja and an Imam Sindh Government has lost more than face. Government's writ stands challenged. It brings into question the provincial government's right to control, direct, and hold accountable its civil servants, including those placed at i
Published 23 Jan, 2020 12:00am

Fighting polio

Polio eradication continues to remain a big challenge. The first case of this year has already emerged in Lakki Marwat district of Khyber Pakhtunkhwa. Last year, it may be recalled, polio had returned with a vengeance affecting as many as 136 children ag
Updated 23 Jan, 2020 06:14am

Screening of NSS deposits

Pakistan seems to be doing everything possible to exit the grey list of Financial Action Task Force (FATF) and join the group of countries enjoying the benefits of white list. The latest initiative in this connection was the screening of Rs 4.038 trillion
Updated 23 Jan, 2020 06:15am

Mehran Town: Panel expresses dismay over illegal occupation of expatriates' plots

A parliamentary panel on Wednesday expressed dismay over illegal occupation on plots of Pakistani expatriates in Mehran Town, Karachi.
Published 23 Jan, 2020 12:00am

Smuggling of wheat/products to Afghanistan: Presence of different agencies at crossing points raises question

The smuggling of various food items including wheat and wheat related products to Afghanistan has become a challenge for the government despite the presence of different agencies at various designated crossing points at Pakistan-Afghan border, informed so
Published 23 Jan, 2020 12:00am

MYC team visits Iran

A nine-member delegation of Milli Yakjehti Council (MYC) led by secretary general Liaqat Baloch Wednesday completed its visit to Iran.
Published 23 Jan, 2020 12:00am

PM desires Siemens to introduce skills training programmes

Prime Minister Imran Khan, during a meeting with Chief Executive Officer of Siemens Joe Kaeser, Wednesday expressed his desire that the company could introduce high technology skills training programmes for Pakistani engineers under the "Hunarmand Jawan"
Published 23 Jan, 2020 12:00am

Buzdar vows to stabilise sugar price

Chief Minister Punjab Sardar Usman Buzdar reiterated that unjustified increase in the price of sugar will not be tolerated and the Punjab the government will take necessary steps to stabilize the sugar price. The CM said that provision of relief to the c
Published 23 Jan, 2020 12:00am

Fake accounts case: AC defers indictment of Zardari, other accused

The Accountability Court hearing multibillion rupees fake bank accounts case on Wednesday deferred indictment of former president Asif Ali Zardari and other accused in the Park Lane case till February 11.
Published 23 Jan, 2020 12:00am

India treading a dangerous path: Imran

Prime Minister Imran Khan Wednesday once again sharing his concerns said under the influence of German Nazis' mindset, the Bharatiya Janata Party (BJP) government in India was relentlessly implementing the Rashtriya Swayamsevak Sangh's (RSS) supremacist i
Published 23 Jan, 2020 12:00am

Maple Leaf Cement wins CSR Award

Maple Leaf Cement has been awarded with CSR Award 2020 in a summit organized by the National Forum for Environment and Health, said a company announcement here on Wednesday. Maple Leaf Cement believes and implements contribution to Environment and Communi
Published 23 Jan, 2020 12:00am

Sindh PA pays tribute to late Ali Mardan Shah

The Sindh Assembly on Wednesday mourned the death of its senior lawmaker - PPP's Ali Mardan Shah, as legislators paid him tribute for his services.
Published 23 Jan, 2020 12:00am

Secretary livestock visits UVAS Pattoki campus

The Secretary Livestock& Dairy Development Department Punjab Nadeem Irshad Kayani has urged to strengthen Livestock Department farms as a demonstration farms where researchers and post graduate students can get maximum knowledge and skills.
Published 23 Jan, 2020 12:00am

Energy
Depleting gas reserves signal shifting to high-priced LNG

Declining indigenous gas reserves have heightened concerns of gas unavailability on the back of growing demand as users continue to prioritize gas as the primary fuel option owing to its eco-friendly nature as well as lower prices relative to alternate fu
Updated 23 Jan, 2020 06:18am

CSR Summit & Awards 2020 ceremony on January 30

Founder & CEO of team of Professionals Network Mehmood Tareen along with CSR activist and conference coordinator Ateeq Ur Rehman has said that Indus Hospital (Anti Rabies Department), AMTF (helping blood disorders), JDC will be awarded for their outstandi
Published 23 Jan, 2020 12:00am

NAB expedites probe against Khursheed Shah

National Accountability Bureau (NAB) has accelerated its investigation in the assets beyond means case against PPP senior leader Syed Khursheed Shah, asking Federal Board of Revenue (FBR) to submit financial details of seven others accused by January 27,
Published 23 Jan, 2020 12:00am

Hundreds of huts reduced to ashes in Karachi fire

Dozens of tent homes burned to ashes as a huge fire engulfed shanties near the Teen Hatti here in late Tuesday night, depriving the already vulnerable residents of the slum of their valuables in this harsh weather.
Published 23 Jan, 2020 12:00am

Government releases full amount for Greenline Bus project

Apparently in order to fulfill its commitment to inaugurate the Greenline Bus Project in early next month, Federal Government released the full allocated amount for the project for the current financial year recently.
Published 23 Jan, 2020 12:00am

Sargodha Division: Performance of district overseas Pakistanis committees reviewed

Additional Chief Secretary (Administrative Secretary of Overseas Pakistanis Commission) Shaukat Ali chaired a meeting held to review the performance of District Overseas Pakistanis Committees of Sargodha Division via video link in Civil Secretariat on Wed
Published 23 Jan, 2020 12:00am

Adab Festival to begin at Karachi Arts Council on January 31

The second Adab Festival will start from January 31, 2020 at Pakistan Arts Council Karachi.
Published 23 Jan, 2020 12:00am

Sindh cabinet approves Home-Based Workers' Rules, 2019: minister

Sindh Minister for Information, Archives and Labour, Saeed Ghani has said that the Sindh Cabinet has approved Home-Based Workers' Rules, 2019, under which the home-based workers would be registered.
Published 23 Jan, 2020 12:00am

64th Children's Literature Festival concludes

After the two exhilarating days of literature celebrations of Lahore, the 64th Children's Literature Festival (CLF) wrapped up at Children's Library Complex on Wednesday with children's participation and agency being the most vibrant aspects of the fun-fi
Published 23 Jan, 2020 12:00am

FFC hails ECC's decision to reduce GIDC

CE&MD Fauji Fertilizer Company, Lieutenant General Tariq Khan, HI(M) (retd), has hailed recent decision by Economic Coordination Committee (ECC) to reduce GIDC from Rs 405 to Rs 5 per bag to provide relief to farmers and bring further stability in agricul
Published 23 Jan, 2020 12:00am

Roshan Sindh Programme case: IHC extends Sharjeel's pre-arrest bail

The Islamabad High Court (IHC) Wednesday extended interim pre-arrest bail of Pakistan Peoples Party (PPP) leader Sharjeel Memon till February 11 in the Roshan Sindh Program case.
Published 23 Jan, 2020 12:00am

JI chief accuses PTI government of failing on all fronts

Coming down hard on the government, Emir Jamaat-e-Islami (JI) Siraj-ul-Haq asked the Prime Minister Imran Khan on Wednesday to resign after his alleged failure on all fronts.
Published 23 Jan, 2020 12:00am

Wheat flour crisis: Punjab Secretary foods directed to appear before court on January 24

Chief Justice Lahore High Court on Wednesday directed secretary foods Punjab to appear before the court on January 24 on a petition questioning the wheat and flour crisis in the country.
Published 23 Jan, 2020 12:00am

FM, Dominic Raab discuss regional, bilateral issues

Foreign Minister Makhdoom Shah Mahmood Qureshi on Wednesday held a telephonic conversation with British Foreign Secretary Dominic Raab and had a wide range of discussion on regional and bilateral issues of mutual interest.
Published 23 Jan, 2020 12:00am

SCCI, APC sign MoU to strengthen bilateral trade ties

A memorandum of understanding (MoU) was signed between the Sarhad Chamber of Commerce and Industry (SCCI) and Australia Pakistan Chamber (APC), meant to strengthen bilateral trade relations, exchange of business delegations and taking full benefits from e
Published 23 Jan, 2020 12:00am

Telecommunication
NGBSD Programme: USF Co's BoD okays award of contracts to Telenor & Jazz

The Board of Directors (BoD) of Universal Service Fund Company (USF Co) has approved award of two contracts with a subsidy of Rs 680 million to Telenor Pakistan and Jazz under Next Generation Broadband for Sustainable Development (NGBSD) Programme.
Published 23 Jan, 2020 12:00am

'Makers Fest 2020' held at CECOS University

CECOS University of IT & Emerging Sciences has conducted here on Wednesday 'Makers Fest 2020' to provide skills for the students of Computer, Electrical & Mechanical departments to meet with future challenges.
Published 23 Jan, 2020 12:00am

Energy
NJ Surcharge: Government collects over Rs 75 billion from power consumers

The government has collected Rs 75 billion (precisely Rs 74.658 billion) on account of Neelum Jhelum Surcharge from electricity consumers through their electricity bills, revealed the Power Division.
Updated 23 Jan, 2020 06:30am

Amreli Steels opens new sales office in Islamabad

With the mission to strengthen the national economy, Pakistan's leading steel rebar brand, Amreli Steels continues to expand its footprint. Known for being a market leader, the steel rebar manufacturer opened a new Sales Office and Warehouse in Islamabad.
Published 23 Jan, 2020 12:00am

Ignite's role in equipping Pakistan with digital skills lauded

A media briefing session was organized by Ignite to showcase the achievements of its flagship program DigiSkills; an online portal to give one million trainings in the future of work using technology. The session was graced by Shoaib Ahmad Siddiqui Federa
Published 23 Jan, 2020 12:00am

'Ministry creating hurdles in signing MLAT, Budapest Convention with USA'

A parliamentary panel has observed that Interior Ministry is creating hurdles in signing of Mutual Legal Assistance Treaty (MLAT) and Budapest Convention with the United States of America (USA) which, if inked, would be helpful in curbing the increasing m
Published 23 Jan, 2020 12:00am

Imtiaz Super Market to open store in Bahria Town Karachi

Bahria Town Karachi and Imtiaz Supermarket has signed contract to open its flagship and one of a kind designer store in 2020, with area exceeding over 100,000 sq ft. Layout and interior has been designed by international consultants who have worked on the
Published 23 Jan, 2020 12:00am

Kashmir Solidarity Day on February 5

The Punjab government in collaboration with the federal government is marking the Kashmir Solidarity Day on February 5 to express solidarity with the Kashmiris and against Indian atrocities.
Published 23 Jan, 2020 12:00am

Belt and Road Initiative: India, Pakistan can help in boosting positive spillover effects of Chinese investments

By adopting a people centered approach towards the development of the regions that fall under Belt and Road Initiative, India and Pakistan can help in boosting the positive spill over effects of Chinese investments including in areas such as employment, v
Published 23 Jan, 2020 12:00am

TDAP holds awareness seminar on CPFTA-II

The Ministry of Commerce and Trade Development Authority of Pakistan (TDAP) organized an awareness seminar on the second phase of China Pakistan Free Trade Agreement, on 21st of January, 2020 at a local hotel in Lahore.
Published 23 Jan, 2020 12:00am

Minister vows to improve quality of college education

Education is our top priority and the government is committed to improve the quality of college education at par with global standards. For this, we have introduced qualitative reforms in this sector.
Published 23 Jan, 2020 12:00am

UBG extends friendly hand towards FPCCI president

United Business Group (UBG), setting aside all its differences in the larger national interest, extended full cooperation and support to newly elected President Mian Anjum Nisar to run affairs of Federation of Pakistan Chambers of Commerce & Industry (FPC
Published 23 Jan, 2020 12:00am

Experts for filling business vacuum in UK after Brexit

United Kingdom (UK) will focus on Common Wealth countries after Brexit and in this connection Pakistan must preempt and prepare itself to fill the expected business vacuum in this country, said Dr. Arif Anis of UK World Congress of Overseas Pakistani.
Published 23 Jan, 2020 12:00am

Tetra Pak and Descon sign partnership agreement

Tetra Pak Pakistan Limited and Descon Oxychem Limited have signed an alliance agreement to jointly market ASEPTOX 35 (Hydrogen Peroxide based product) which has been developed by Descon as per custom requirement of Tetra Pak.
Published 23 Jan, 2020 12:00am

Articles
Partly Facetious : Sugarcane water intensive crop

"I know how to deal with the sugar crisis."
Published 23 Jan, 2020 12:00am

NA body defers two bills, seeks clarification from ministry

National Assembly's Standing Committee on Maritime Affairs on Wednesday deferred two bills including "the Port Qasim Authority (Amendment) Bill, 2019" and "the Gwadar Port Authority (Amendment) Bill, 2019," and sought clarification from the Ministry of La
Published 23 Jan, 2020 12:00am

Cotton & Textile
Under CPEC project: Pak-China experts agree to develop textile cooperation framework

Pakistani and Chinese experts have agreed to develop a textile cooperation framework under the China-Pakistan Economic Corridor (CPEC) project by focusing on readymade garments, man-made fiber and textile skill training.
Published 23 Jan, 2020 12:00am

Bid to smuggle gold foiled

Customs officials foiled the effort of smuggling gold at the Lahore airport. According to details, Customs staff recovered gold biscuits of 100 gram each while checking the luggage of two women passengers. Both of them were ready to fly for Istanbul. Cust
Published 23 Jan, 2020 12:00am

Brief Recordings
Eco Pack Limited

Eco Pack Limited (PSX: ECOP) was established as a private limited company in 1991. It was converted into a public limited company a year after and two years later it was listed on the stock exchange.
Updated 23 Jan, 2020 05:54am

UN experts urge probe into alleged Saudi hacking of Bezos phone

Independent UN rights experts said Wednesday they had received information that Amazon owner Jeff Bezos's phone was hacked through a WhatsApp account belonging to Saudi Crown Prince Mohammad bin Salman.
Updated 23 Jan, 2020 10:19am

French spy suspected of selling data on darknet

An anti-terrorism agent in France's domestic intelligence service could soon face trial on charges of selling confidential data and fake IDs in the hidden corners of the internet, prosecutors say.
Updated 23 Jan, 2020 07:00am

French, Dutch smash huge migrant smuggling ring to UK

French and Dutch police arrested 23 people on suspicion of smuggling 10,000 Kurdish migrants to Britain in refrigerated lorries and rubber boats, Europe's judicial agency said Wednesday.
Updated 23 Jan, 2020 07:52am

Turkey says Haftar 'only problem' in way of Libya peace

Turkey's top diplomat said Wednesday Libyan eastern commander Khalifa Haftar is the only obstacle to a peace deal for the North African country, defending Ankara's cooperation with Moscow to end conflicts in Libya and Syria.
Updated 23 Jan, 2020 07:43am

Europe boosts China flight checks as killer virus spreads

European airports from London to Moscow stepped up checks Wednesday on flights from the Chinese city at the heart of a new SARS-like virus that has killed 17 people and spread to the United States. The coronavirus has sparked alarm because of its similari
Published 23 Jan, 2020 12:00am

First woman enters Japan's submarine academy

The first female student was admitted to Japan's national naval submarine academy Wednesday after the end of a ban on women on the country's submarines.
Published 23 Jan, 2020 12:00am

Trump agrees US-Iraq 'security partnership'

President Donald Trump and his Iraqi counterpart Barham Saleh agreed on Wednesday on the need for a continued US military role in the country, the White House said.
Published 23 Jan, 2020 12:00am

One dead as snowmobiles fall through ice in Canada

A Canadian guide died and five French tourists were missing after their snowmobiles plunged through ice into freezing water in northern Quebec, police said Wednesday.
Published 23 Jan, 2020 12:00am

Libya airport suspends flights after coming under fire

Rocket fire forced the suspension of all flights into and out of Tripoli's sole functioning airport on Wednesday, only nine days after it reopened following a truce, Libya's embattled UN-recognised government said.
Published 23 Jan, 2020 12:00am

Greece elects first woman president for 'new era'

Greece's parliament on Wednesday elected the first woman president in the country's history, a senior judge with no party-political allegiance.
Published 23 Jan, 2020 12:00am

UK parliament ratifies Brexit divorce law

After years of acrimonious debate, British lawmakers on Wednesday finally approved the terms of their country's historic departure from the European Union - due in just nine days time. MPs in the lower House of Commons had already backed the EU Withdrawal
Published 23 Jan, 2020 12:00am

Commodities
Brazil harvests just 1.8 percent of soyabean area

Brazil's soyabean farmers have harvested only 1.8% of the soyabean area so far this season, agribusiness consultancy AgRural said on Monday, reducing the ideal window for planting of the country's second corn that is sowed after the oilseed is collected.
Published 23 Jan, 2020 12:00am

PMEX daily trading report

On Tuesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 4,371. The traded value of Metals, Energy and COTS/FX was recorded at PKR 4.472 billion and the number of lots traded was 9,535.
Published 23 Jan, 2020 12:00am

Commodities
Paris wheat at highest level in about 1-1/2 years

European wheat futures in Paris rose to their highest in about 1-1/2 years on Tuesday, supported by rising US markets and continued transport problems in France due to strikes, traders said.
Published 23 Jan, 2020 12:00am

Energy
Asia's naphtha falls to 1-1/2-week low

Asia's naphtha crack edged down to a 1-1/2-week low of $85.63 a tonne on Tuesday, as high volumes of cargoes expected to arrive this month from the West are likely to offset some of the supply loss from refinery maintenance in the Middle East.
Published 23 Jan, 2020 12:00am

Activities at Karachi and Qasim Ports

The Karachi Port handled 178,475 tonnes of cargo comprising 93,623 tonnes of import cargo and 84,852 tonnes of export cargo including 9,418 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday.
Published 23 Jan, 2020 12:00am

Cotton & Textile
Improved trading activity seen on cotton market

Short supply of lint cotton pushed the rates sharply higher on the cotton market on Wednesday in the process of improved trading activity, dealers said.
Published 23 Jan, 2020 12:00am

Commodities
China's steel futures slip on cloudy demand

Steel futures in China slipped on Tuesday, after four straight sessions of gains, as cloudy demand prospects and concerns over the potential economic fallout from an outbreak of a new flu-like virus in the country weighed on prices.
Published 23 Jan, 2020 12:00am

Money & Banking
Yuan, Aussie struggle in Asian trade

The yuan dipped and the Australian dollar hit a six-week low on Wednesday as investors feared the outbreak of a new coronavirus in China could create more headaches for the Chinese economy, which is already slowing because of the US-China trade war.
Published 23 Jan, 2020 12:00am

Money & Banking
Swiss franc falls in European trade

The Swiss franc fell on Wednesday on signs the central bank may be intervening to stop it rising further, outweighing the impact of concerns about the spread of a new coronavirus that have driven investors into safe-haven assets this week.
Published 23 Jan, 2020 12:00am

Money & Banking
Early trade in New York: Safe-haven currencies slip

The US dollar edged lower on Wednesday and the Japanese yen and the Swiss franc slipped amid muted demand for safe haven units as updates from China about the spread of a new flu-like coronavirus raised hopes the outbreak would be contained.
Published 23 Jan, 2020 12:00am

Money & Banking
Yuan weakens, safe havens gain in NY

China's yuan tumbled on Tuesday and the safe-haven Japanese yen rallied as the spread of a pneumonia-like virus in China dampened risk appetite.
Published 23 Jan, 2020 12:00am

Money & Banking
Asian forex: Most units tepid

Most Asian units were trading subdued on Wednesday as concerns about a coronavirus outbreak in China kept risk appetite on the backfoot, although the South Korean won found support amid upbeat GDP data on the trade-reliant economy.
Published 23 Jan, 2020 12:00am

Money & Banking
South African rand rises

South Africa's rand firmed more than 1% on Wednesday, helped by a recovery in demand for riskier assets, while Dutch-based technology group Prosus led stocks lower.
Published 23 Jan, 2020 12:00am

Money & Banking
Sterling gains further

Britain's pound rose against the dollar and the euro on Wednesday as investors debated whether or not the Bank of England would cut interest rates when it meets next week.
Published 23 Jan, 2020 12:00am

Money & Banking
Turkish bank probe casts wide net over trading

Turkish competition officials made surprise visits to several private, state and foreign banks late on Friday to analyse computers as they opened a wide-ranging probe of trading in the financial sector, according to three bankers.
Published 23 Jan, 2020 12:00am

Money & Banking
ZTBL profit rates

Zarai Taraqiati Bank Limited (ZTBL) has declared the following rates of return of different types of deposits for the period from July 01st, 2019 to December 31st, 2019 and indicative rates of return from January 01, 2020 to June 30, 2020:
Published 23 Jan, 2020 12:00am

Cricket
Mathews hits double hundred

Angelo Mathews struck his highest Test score with an unbeaten double century on Wednesday as Sri Lanka left Zimbabwe battling to save the series opener going into the final day at Harare.
Published 23 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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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

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