News Archives for Print - 2020-01-24

Print - 2020-01-24

PM meets world leaders

Prime Minister Imran Khan on Thursday met President of the European Union Parliament David Sassoli in Davos, Switzerland on the sidelines of the World Economic Forum (WEF) Annual Meeting 2020.

Published 24 Jan, 2020 12:00am

Virus not yet a global health emergency: WHO; China locks down cities to curb virus outbreak

China locked down some 20 million people at the epicentre of a deadly virus outbreak on Thursday, banning planes and trains from leaving in an unprecedented move aimed at containing the disease which has already spread to other countries.

Published 24 Jan, 2020 12:00am

Foreign investors repatriate $836 million in 1H

Repatriation of profit and dividend by foreign investors rose by 10 percent during the first half (July-Dec) of this fiscal year (FY20) compared to same period of last fiscal year (FY19).

Published 24 Jan, 2020 12:00am

Crisis of urea fertilizer in the offing

Another crisis, now in urea fertilizer is in the offing as government has reduced GIDC by Rs 400 per bag but at the same time Rs 200 per bag rise is envisaged due to increase in natural gas prices.

Published 24 Jan, 2020 12:00am

PAC seeks briefing from NAB chairman

Following the release of Transparency International (TI) report on corruption index which depicted that corruption level in Pakistan has jumped up over the past year, the Public Accounts Committee (PAC) has decided to summon chairman National Accountabili

Published 24 Jan, 2020 12:00am

Corruption increases: TI

Corruption in Pakistan increased in 2019 as compared to the preceding year, as Pakistan's ranking dropped to 120 out of 180 countries with a score of 32 out of 100, according to the annual Corruption Perceptions Index (CPI) report for 2019, released by Tr

Published 24 Jan, 2020 12:00am

PM to launch Ehsaas Kifalat programme on January 31

Prime Minister Imran Khan will launch Ehsaas Kifalat programme on January 31, 2020 with enhanced cash transfer of Rs6,000 for 7 million poor women beneficiaries.

Published 24 Jan, 2020 12:00am

CPEC projects yielding tangible benefits: ministry

Responding to the statement of US Acting Assistant Secretary of State Alice Wells on CPEC, spokesperson of Ministry of Planning, Development and Special Initiatives has said that CPEC project under the overarching umbrella of BRI is a well thought-out ini

Published 24 Jan, 2020 12:00am

Pakistan, too, defends CPEC

A day after China took strong exception to the top US diplomat's remarks about China-Pakistan Economic Corridor (CPEC), Pakistan also categorically rejected the US claims that the multibillion dollars project is being financed either through loans or non-

Published 24 Jan, 2020 12:00am

Stocks

KSE-100 Index keeps falling: BRIndex100 stays in the red

Pakistan Stock Exchange Thursday opened on a strong positive note but failed to sustain the momentum and closed in the red due to selling in various sectors.

Published 24 Jan, 2020 12:00am

Queen gives assent for Britain to leave EU

Queen Elizabeth II gave her formal assent Thursday for Britain to end its decades-long involvement in the European Union and seek a more independent but uncertain future at the end of the month.

Published 24 Jan, 2020 12:00am

Governance and economy: PM shares his vision

Prime Minister Imran Khan on Thursday said his vision for a strong Pakistan was revival of industries for wealth creation, to be spent on the uplift of underprivileged segments in a welfare-oriented society. Speaking at 'Breakfast at Davos', an event join

Published 24 Jan, 2020 12:00am

MoC agrees to support cross stuffing of Afghan cargo

The Ministry of Commerce (MoC) has agreed to support cross stuffing of Afghan bound cargo at ports.

Published 24 Jan, 2020 12:00am

Special session of OIC's CFM: Saudi Arabia won't disappoint Pakistan: Qureshi

Foreign Minister Shah Mahmood Qureshi on Thursday said that Pakistan has sought a special session of the OIC Council of Foreign Ministers (CFM) on Kashmir issue and hoped that Saudi Arabia will not disappoint Pakistan.

Published 24 Jan, 2020 12:00am

SC raises question: Since when customs officials have started examining quality of goods?

The Supreme Court has questioned since when and under what law the customs officials have started checking quality of goods at borders.

Published 24 Jan, 2020 12:00am

US Treasury Secretary pledges tax cuts for 'middle class'

US Treasury Secretary Steven Mnuchin on Thursday pledged a new round of tax cuts that he said would benefit ordinary Americans.

Published 24 Jan, 2020 12:00am

APNS condemns 'Centralized Advertisement Policy'

"A meeting of the Federal Capital Committee of the APNS was held on Wednesday January 20, 2020 at Islamabad. The meeting was chaired by the Chairman Mohsin Bilal.

Published 24 Jan, 2020 12:00am

Economic risks 'less pronounced' as trade tensions ease: Lagarde

European Central Bank chief Christine Lagarde on Thursday said risks to the eurozone economy had become "less pronounced" in the wake of a US-China trade truce even as President Donald Trump reignited a trade spat with Europe.

Published 24 Jan, 2020 12:00am

Dubai's largest Islamic bank acquires smaller lender

Dubai Islamic Bank said on Thursday it has completed the aquisition of Noor Bank to consolidate its position as the top Islamic lender in the United Arab Emirates.

Published 24 Jan, 2020 12:00am

New tax laws: Traders required to get registered, seek buyers' CNICs

After changes in the tax laws under Finance Supplementary (Second Amendment) Act, 2019, the wholesalers-cum-traders would be required to get registered with the Sales Tax Department and seek CNICs of the unregistered buyers from February 1, 2020.

Published 24 Jan, 2020 12:00am

Ballistic missile Ghaznavi launched successfully: ISPR

Pakistan has conducted a successful training launch of surface to surface ballistic missile Ghaznavi, capable of delivering multiple types of warheads up to a range of 290 kilometers, the military's media wing said Thursday.

Published 24 Jan, 2020 12:00am

Coronavirus: PIA begins screening travellers at Beijing airport

Pakistan International Airlines (PIA) on Thursday started conducting pre-screening of travellers from neighboring China for signs of coronavirus.

Published 24 Jan, 2020 12:00am

Letters

China's response

This is apropos a Business Recorder news item "Pakistan-China relationship, CPEC: China expresses opposition to US 'interference'" carried by the newspaper yesterday. According to which, the Chinese Embassy in Islamabad has dismissed the 'negative

Published 24 Jan, 2020 12:00am

Articles

Surrogates unleashed: Tied to Trump trial, candidates deploy stand-ins

As the timing of Donald Trump's impeachment trial clashes with the Democratic nomination race, some presidential candidates pinned to Washington are deploying relatives, high-flying supporters - even a dog - as surrogates for critical 11th-hour campaignin

Published 24 Jan, 2020 12:00am

Articles

Price rationalization - II

The proposed Price Commission for Agricultural Sector (PCAS) should also try to ensure minimization of price shocks related with commodity supply chain disruptions - both voluntary (hoarding practices) and involuntary (climate change).

Published 24 Jan, 2020 12:00am

Articles

Subverting tax tribunals

"The raison d'être of establishing special tribunals has been to dispense better quality of justice where people, better trained in particular fields and disciplines could provide quality decisions and resolution of disputes... . Appointing members to the

Published 24 Jan, 2020 12:00am

Violence and harassment against journalists

Ranked 42nd among 180 countries in the World Press Freedom Index, Pakistan continues to remain one of the most dangerous places for journalists. In its "Media Freedoms Report, 2019", the Council of Pakistan Newspaper Editors (CPNE) makes the distressing r

Updated 24 Jan, 2020 06:10am

Imran Khan at Davos

Prime Minister Imran Khan while addressing the moderated non-plenary session on Pakistan Country Strategy Dialogue at the World Economic Forum at Davos stated that his administration has successfully stabilized the economy and is now consciously planning

Updated 24 Jan, 2020 06:11am

Government to help enroll 4.2 million out-of-school children in Sindh: Ismail

Sindh Governor Imran Ismail has said that the government will fully back the campaign to enroll 4.2 million out-of-school children in the province which would promote the cause of education in a manner that is necessary to establish a welfare society on t

Published 24 Jan, 2020 12:00am

Bilal Sheikh granted bail in fake bank accounts case

The Islamabad High Court (IHC) Thursday granted post-arrest bail to Bilal Sheikh, former president of Sindh Bank, in the fake bank accounts case. A division bench of IHC headed by Justice Aamer Farooq heard Bilal Sheikh's bail application in the fake bank

Published 24 Jan, 2020 12:00am

UN Under-SG to be invited to visit AJK: Masood

President Azad Jammu & Kashmir (AJK) Sardar Masood Khan has proposed to invite the United Nations (UN) Under-Secretary General for Humanitarian Affairs to visit the AJK and also to organise an international conference to review the adverse effects of clim

Published 24 Jan, 2020 12:00am

In-house change not unconstitutional, says Hamza

Opposition leader in Punjab Assembly Hamza Shahbaz Sharif said on Thursday that in house change in parliament is not unconstitutional. He was talking to media outside the Punjab Assembly. He also said that PML-N has opened its doors and windows for every

Published 24 Jan, 2020 12:00am

Senate panel to take up seven key bills today

The Senate Standing Committee on Law and Justice will take up seven key bills today (Friday) referred to it by the House during its ongoing session. Senator Javed Abbasi of Pakistan Muslim League-Nawaz (PML-N) will preside over the meeting where two const

Published 24 Jan, 2020 12:00am

Fake account case: Judicial remand of Ijaz Haroon extended till Feb 10

The Accountability Court hearing the multibillion rupees fake bank accounts case on Thursday extended judicial remand of Ijaz Haroon, chairman Overseas Cooperative Society (OCS) and former chairman Pakistan International Airline (PIA), till February 10.

Published 24 Jan, 2020 12:00am

Deceptive marketing: CCP slaps Rs 35 million fine on dairy firm

The Competition Commission of Pakistan (CCP) has said that disregard for the applicable competition law and consumer welfare within the dairy industry is alarming and it must be ensured that such conducts are dealt with an iron hand and are not ignored.

Published 24 Jan, 2020 12:00am

Ivanka Trump meets PM in Davos

Daughter of the US President, Ivanka Trump met with Prime Minister Imran Khan on the sidelines of the World Economic Forum (WEF) 2020 summit.

Published 24 Jan, 2020 12:00am

Court issues notice to NAB over Ashraf's plea

The Accountability Court hearing Reshma Rental Power Plant (RPP) and Gulf Power Generation Company Ltd cases against former prime minister Raja Pervez Ashraf and others on Thursday issued notice to National Accountability Bureau (NAB) regarding Ashraf's a

Published 24 Jan, 2020 12:00am

Compensation amount for rain, snow-hit victims of Balochistan announced

Special Assistant to the Prime Minister for Information and Broadcasting Dr Firdous Ashiq Awan on Thursday has announced compensation money for those affected by severe weather condition in Balochistan.

Published 24 Jan, 2020 12:00am

Sindh to have 1800 'investors hub schools'

Sindh Teacher Education Development Authority (STEDA) will establish 1800 investors hub schools in the province. Director STEDA Haroon Laghari told Sindh High Court (SHC) in a compliance report in a case on behalf of Secretary School Education & Literacy

Published 24 Jan, 2020 12:00am

Appointments/promotion: LHC to take up objections on petitions today

Justice Ayesha A Malik of the Lahore High Court on Friday will take up objections today on two separate petitions by bar members questioning alleged irregularities in promotion/elevation of all assistant registrars of the high court.

Published 24 Jan, 2020 12:00am

Ghani terms TI report 'a proof of increasing corruption' in Pakistan

Sindh Minister for Information and Labour Saeed Ghani termed Transparency International's recent report a proof of increase in corruption in Pakistan this year.

Published 24 Jan, 2020 12:00am

HCCI hosts reception for US Consulate's economic chief

The economic chief of American consulate Chad Miner said that Hyderabad was good for investment and he would try to convince American investors to invest in Hyderabad. This he said in a reception given by president Hyderabad Chamber of Commerce and Indust

Published 24 Jan, 2020 12:00am

Moot on Japanese economic development held

Pakistan-Japan friendship goes a long way down the history lane. They have stood by each other through many a thick and thin. Both share cultural commonalities despite linguistic variations. Pluralism, respect for relations, compassion, sensitivity, respe

Published 24 Jan, 2020 12:00am

Murad tells Sindh PA: IGP Kaleem Imam has lost cabinet's trust

Chief Minister Sindh, Syed Murad Ali Shah, on Thursday told the Sindh Assembly that Inspector General of Police (IGP) has lost the provincial cabinet's trust and "people of Sindh have rejected IG".

Published 24 Jan, 2020 12:00am

34 tandoors sealed over not maintaining standard

KP Food Authority has registered 2138 tandoors in across Khyber Pakhtunkhwa after conducting their inspection while 34 tandoors have been sealed over poor cleanliness situation and violation of the food safety standards, said a survey report of the author

Published 24 Jan, 2020 12:00am

Telecommunication

MoITT plans to revive TIP through joint venture

The Ministry of Information Technology and Telecommunication (MoITT) has short-listed two companies to finalize one of them as Financial Advisor (FA) to provide Transaction Advisory Services (TAS) to solicit partnership through a suitable mode to utilize

Published 24 Jan, 2020 12:00am

NUST gets CSR Award for 'Impact through education'

In recognition of its extraordinary Corporate Social Responsibility (CSR) efforts and initiatives, National University of Sciences and Technology (NUST) was conferred the CSR Award for "Impact through Education" by the National Forum for Environment & Hea

Published 24 Jan, 2020 12:00am

IT & Computers

IPAS solution: Ministry inks MoU with PITB

The Ministry of Planning, Development & Special Initiatives and Punjab Information Technology Board have agreed to initiate implementation of Intelligent Project Automation System (IPAS) to improve government businesses in internal processes and establish

Published 24 Jan, 2020 12:00am

JI rally against soaring prices today

While announcing his party to hold protest demonstrations and rallies today (Friday) across the province against the increasing price-hike, unemployment and government 'anti-masses' policies, Jamaat-e-Islami (JI) provincial Ameer, Senator Mushtaq Ahmad Kh

Published 24 Jan, 2020 12:00am

PHC orders removal of cellphone towers from vicinity of schools, hospitals

A bench of the Peshawar High Court (PHC) on Thursday directed the authorities concerned to remove mobile towers set up near educational institutions and health facilities.

Published 24 Jan, 2020 12:00am

Absence of minister: Senate panel defers proceedings in protest

The Senate Standing Committee on Religious Affairs and Inter-Faith Harmony on Thursday deferred its proceedings in protest against the absence of Minister for Religious Affairs Pir Noor-ul-Haq Qadri from the meeting.

Published 24 Jan, 2020 12:00am

Work on Faisal Avenue underpass resumes

The Capital Development Authority (CDA) has resumed work on G-7/G-8 underpass at Faisal Avenue. Effective traffic management/ diversion, in consultation of Islamabad Traffic Police, is being ensured to maintain the traffic flow on the avenue, while transp

Published 24 Jan, 2020 12:00am

Ghani accuses Pakistan of sheltering insurgents

Afghanistan's President Ashraf Ghani alleged on Thursday that Pakistan continued to give sanctuary to an insurgent group that helps the Taliban in its war against Kabul and the United States, directly contradicting an earlier statement by Pakistan's prime

Published 24 Jan, 2020 12:00am

Pakistan and Egypt come face to face for tourism and culture

Pakistan's top industrialists businessmen, traders and other people belonging from Pakistan's business and civil community left Pakistan on a seven day tour to Egypt.

Published 24 Jan, 2020 12:00am

NICVD's 15th chest pain unit opens in Jacobabad

National Institute of Cardiovascular Diseases (NICVD) in collaboration with the Government of Sindh has inaugurated its 15th "Chest Pain Unit" in Jacobabad at JIMS to facilitate patients with chest pain with easy access and free of cost services. Mir Aija

Published 24 Jan, 2020 12:00am

Taxes

PRA registers over 23 percent revenue growth in 1H: chairman

Chairman Punjab Revenue Authority (PRA) Zain ul Abideen Sahi said that the authority was performing well by registering over 23 percent revenue growth in the first six months of ongoing fiscal year despite economic slowdown.

Published 24 Jan, 2020 12:00am

ADB, WB officials review progress of funded projects

The ADB and World Bank (WB) representatives met with chairman Planning and Development Board, Hamed Yakoob Sheikh to review progress of the funded projects.

Published 24 Jan, 2020 12:00am

Crackdown against profiteers continues

The Lahore administration on Thursday continued with the crackdown against profiteers in the provincial capital.

Published 24 Jan, 2020 12:00am

Int'l moot on social sciences held at SZABIST

SZABIST Karachi Campus, organized an International Conference on Interdisciplinary research in Management, Education and Social Sciences on 18th & 19th January, 2020 at a local hotel. Revolving around the theme of "New Horizons for data driven world: Chal

Published 24 Jan, 2020 12:00am

Buzdar and disgruntled MPAs' meeting postponed

The meeting between a group of 'disgruntled' PTI lawmakers and Punjab Chief Minister Sardar Usman Buzdar which was scheduled for Thursday has been postponed due to CM's busy schedule.

Published 24 Jan, 2020 12:00am

Students throng IoBM's 'Career Fair'

As many as 50 leading national and multinational companies set up their stalls at the Career Fair held on Thursday, organised by the International Cooperation, Placement and Alumni Department of the Institute of Business Management (IoBM).

Published 24 Jan, 2020 12:00am

Floriculture: PCJCCI chief for joint ventures between Pakistan, China

President Pakistan-China Joint Chamber of Commerce and Industry (PCJCCI) Zarak Khan has said that there is a vast scope of joint ventures between Pakistan and China in the field of floriculture.

Published 24 Jan, 2020 12:00am

Energy

Fertiliser sector opposes raise in gas tariff

Rumours of increasing gas tariff for the fertilizer sector may hamper the government efforts to pass on a decrease of Rs400 per bag of urea to the farming community after curtailing Gas Infrastructure Development Cess (GIDC).

Published 24 Jan, 2020 12:00am

Coronavirus: vaccination counter set up at airports

In the wake of coronavirus outbreak in China, vaccination counter has been established here at the Allama Iqbal International Airport.

Published 24 Jan, 2020 12:00am

Articles

Partly Facetious : PM's address

"So what did you think of Prime Minister Imran Khan's speech at the World Economic Forum?"

Published 24 Jan, 2020 12:00am

Torkham border's opening boosts trade activities: CM's aide

Special Assistant to KP CM on Excise, Taxation and Narcotics Control, Ghazan Jamal said here on Thursday that round the clock opening of Torkham border had boosted the trade and economic activities.

Published 24 Jan, 2020 12:00am

Energy

NOC obtained: PIBTL to set up LPG handling facility

Pakistan International Bulk Terminal Limited (PIBTL) is working on setting up LPG handling facility at Port Qasim as part of its expansion plan and has received NOC from Sindh Environmental Protection Agency (SEPA).

Published 24 Jan, 2020 12:00am

KP CM directs construction of water courses in GZD command area

KP Chief Minister Mahmood Khan has directed to ensure the construction of water courses in Gomal Zam Dam (GZD) Command Area within stipulated timeline further directing for plantation along canal sites so as to prevent soil erosion in the adjoining areas.

Published 24 Jan, 2020 12:00am

Energy

Power Division rejects APTMA's claims

Power Division has refuted the claims of All Pakistan Textile Mills (APTMA) in its letter regarding imposition of surcharges, taxes and positive fuel price adjustment.

Published 24 Jan, 2020 12:00am

Brief Recordings

An interview with Azfar Saeed Baig, VP Byco Petroleum Pakistan Limited 'We are the first ones to export HSFO'

Mr. Azfar Saeed Baig is an accomplished professional in the energy industry. He has spent nearly 25 years of his dynamic career leading teams in industries as diverse as FMCG and power, and at the State Bank of Pakistan. He is currently heading a Division

Updated 24 Jan, 2020 05:36am

Money & Banking

US regulator fines ex-Wells Fargo CEO $17.5 million

US banking regulators on Thursday fined ex-Wells Fargo Chief Executive John Stumpf $17.5 million over the bank's 2016 fake accounts scandal, blaming Stumpf and other top former executives for the debacle. The Office of Comptroller of the Currency settled

Published 24 Jan, 2020 12:00am

North Korea to make Munich Security Conference debut in 2020

North Korea will send a delegation to the Munich Security Conference for the first time in the 56-year history of the diplomatic gathering, organisers said Thursday. The conference confirmed that North Korean vice foreign minister Kim Son Gyong would atte

Updated 24 Jan, 2020 06:41am

Missile attack on Yemen MP home kills two including child

A rebel missile attack on the home of a Yemeni lawmaker killed two of his relatives, authorities said Thursday, drawing condemnation from the UN after a recent strike in the area left 116 dead. Yemen's internationally recognised government - backed by a S

Updated 24 Jan, 2020 06:22am

'Doomsday Clock' closer to midnight than ever

The Doomsday Clock on Thursday ticked down to 100 seconds to midnight, symbolizing the greatest level of peril to humanity since its creation in 1947 as the threat posed by climate change and a growing nuclear race loomed large.

Published 24 Jan, 2020 12:00am

One killed, several injured in Seattle mass shooting

At least one person was killed and seven others, including a child, were wounded on Wednesday after a dispute among a group of people escalated into a shootout near a tourist area in downtown Seattle, authorities said.

Updated 24 Jan, 2020 06:47am

Energy

US sanctions four petro firms tied to Iran's Quds Force

The United States on Thursday slapped economic sanctions on four petroleum firms that US officials accuse of moving oil exports for the Quds Force of Iran's Revolutionary Guards.

Published 24 Jan, 2020 12:00am

UN court orders Myanmar to prevent Rohingya genocide

The UN's highest court ordered Myanmar on Thursday to do everything in its power to prevent the genocide of Rohingya Muslims,rex as international justice stepped into the crisis for the first time.

Updated 24 Jan, 2020 06:39am

Israel, US condemn Iran at Holocaust memorial event

Israel and the United States on Thursday called for action against Iran, comparing it to the threat once posed by Nazi Germany, as world leaders marked 75 years since the liberation of Auschwitz.

Updated 24 Jan, 2020 06:39am

PMEX daily trading report

On Wednesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 4,368. The traded value of Metals, Energy and COTS/FX was recorded at PKR 2.811 billion and the number of lots traded was 5,044.

Published 24 Jan, 2020 12:00am

Energy

Asia's naphtha crack falls, premiums stay firm

Asia's naphtha crack extended losses for the third straight day on Wednesday, hitting a two-week low of $83.28 a tonne, while spot premiums remained firm on supply cuts due to refinery maintenance in the Middle East.

Published 24 Jan, 2020 12:00am

Commodities

China's gold consumption falls on high prices

China's gold consumption fell for the first time in three years in 2019, figures released by its industry association showed on Tuesday, as high prices and an economic slowdown hit buying in the world's biggest market for the metal.

Published 24 Jan, 2020 12:00am

Commodities

CBOT soyabean falls to one month low

Chicago Board of Trade soyabean futures set a one month low on Wednesday under pressure from expectations for a massive harvest in rival supplier Brazil, traders said.

Published 24 Jan, 2020 12:00am

Energy

US natural gas futures higher on lower output

US natural gas futures edged higher on Wednesday on a slowdown in production but hovered near a four-year low on forecasts that mild weather would crimp heating demand through early February.

Published 24 Jan, 2020 12:00am

Activities at Karachi and Qasim Ports

The Karachi Port handled 193,010 tonnes of cargo comprising 163,757 tonnes of import cargo and 29,253 tonnes of export cargo including 6,911 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday.

Published 24 Jan, 2020 12:00am

Cotton & Textile

Modest trading activity seen on cotton market

Subdued business activity was seen on the cotton market on Thursday due to less buying interest among mills and spinners, dealers said.

Published 24 Jan, 2020 12:00am

Commodities

Canadian canola futures rise

ICE Canadian canola futures rose on Wednesday, lifted by rising palm and soyaoil prices.

Published 24 Jan, 2020 12:00am

Commodities

CBOT wheat futures lower

Chicago Board of Trade wheat futures on Wednesday ended lower on profit-taking after the most-active contract reached its highest price since August 2018, traders said.

Published 24 Jan, 2020 12:00am

Money & Banking

Yen up, yuan weakens in Asia

The safe-haven Japanese yen firmed and the Chinese yuan weakened on Thursday, as traders kept a wary eye on the spread of a virus in China, while the battered Australian dollar jumped after a surprise drop in unemployment.

Published 24 Jan, 2020 12:00am

Money & Banking

Euro holds recent range in Europe as ECB meets

The euro remained stuck in its recent trading range on Thursday before the European Central Bank's meeting, while China's yuan dropped on fears about the spread of a virus.

Published 24 Jan, 2020 12:00am

Money & Banking

Early trade in New York: Dollar gains against euro

The dollar rose against the euro on Thursday after the European Central Bank left unchanged its key interest rates and stimulus programs and launched a broad review of its policy that was likely to see new President Christine Lagarde redefine the ECB's ma

Published 24 Jan, 2020 12:00am

Money & Banking

Dollar steady in New York as coronavirus contagion fears abate

The US dollar was unchanged against a basket of currencies on Wednesday as safe-haven demand ebbed along with worries about whether the spread of a flu-like coronavirus would hurt the global economy.

Published 24 Jan, 2020 12:00am

Money & Banking

Asian forex: Most units in tight band on virus worries, Lunar Year break

Most Asian currencies were stuck in narrow ranges on Thursday ahead of the Lunar New Year holiday, while fears of a China virus outbreak exerted pressure on some markets.

Published 24 Jan, 2020 12:00am

Money & Banking

S Africa's rand, stocks dip

South Africa's rand and stocks fell on Thursday, as world markets dropped on mounting concern over a coronavirus outbreak in China.

Published 24 Jan, 2020 12:00am

Money & Banking

Sterling extends gains as rate cut bets melt

The sterling extended gains on Thursday, building on the one-month high it reached against the euro in the previous session, as data this week reduced market expectations of a central bank rate cut as early as next week.

Published 24 Jan, 2020 12:00am

Money & Banking

Aussie cheers jobs data, kiwi steadies

The Australian dollar jumped on Thursday after data showed the country's unemployment rate unexpectedly ticked lower and reduced market expectations of a February interest rate cut.

Published 24 Jan, 2020 12:00am

Cricket

Spain joins presenting good luck to Peshawar Zalmi in PSL-2020

Peshawar Zalmi has remained the center of attention for foreign ambassadors ahead of PSL 5. The ambassadors of Spain after Turkey and Germany has presented a good luck message to Peshawar Zalmi. A press release issued here on stated Thursday Peshawar Zalm

Published 24 Jan, 2020 12:00am

Other

Weightlifting chief suspended for 90 days

International Weightlifting Federation (IWF) president Tamas Ajan was suspended for 90 days on Wednesday in the aftermath of bombshell accusations of corruption and doping in the sport, reports claimed. The organisation's executive board, meeting in Doha,

Published 24 Jan, 2020 12:00am

Cricket

Sri Lanka post 10-wicket win in first Zimbabwe Test

Suranga Lakmal took four for 27 to set up Sri Lanka for a 10-wicket win over Zimbabwe in the first Test in Harare on Thursday. Resuming on 30 without loss and needing 157 to make Sri Lanka bat again, Zimbabwe recovered from the loss of three early wickets

Published 24 Jan, 2020 12:00am

Cricket

Hoisting of events in Pakistan from 2023-31: ICC Chief Executive visits NCA, Gaddafi Stadium

The Chief Executive of the International Cricket Council (ICC), Manu Sawhney Thursday visited the Gaddafi Stadium and National Cricket Academy (NCA).

Published 24 Jan, 2020 12:00am

Other

Kabaddi World Cup in Lahore from Feb 9-16

Pakistan is going to host Kabaddi World Cup from February 9-16, 2020 this year for which brisk arrangements continue on the part of the Pakistan Kabaddi Federation in which top teams from 10 countries of the world will take part.

Published 24 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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