News Archives for Print - 2020-01-25

Print - 2020-01-25

Government rejects TI report

Special Assistant to Prime Minister on Information and Broadcasting Dr Firdous Ashiq Awan on Friday said that the incumbent government of Pakistan Tehreek-e-Insaf (PTI) has rejected Transparency International's annual Corruption Perceptions Index (CPI) 20

Published 25 Jan, 2020 12:00am

EU, China and others agree on temporary trade dispute appeal system

The European Union, China and 15 other countries agreed Friday to develop a temporary system for appealing trade dispute rulings after the recent US-provoked collapse of the WTO appeals body. Ministers from the group published a joint statement announcing

Published 25 Jan, 2020 12:00am

Water dispute: Punjab, Sindh agree on Arbitrators

Punjab and Sindh have agreed an audit of the water in the Indus Basin system including systems of both provinces through a Panel of Experts (PoE) whose results will be accepted by both parties. This consensus between the provinces was evolved after discus

Published 25 Jan, 2020 12:00am

NJHP project phase-II likely to be completed by March

The government has maintained that 78 percent work of 969 MW Neelum Jhelum Hydro Power Project Phase-II has been completed and the project is expected to be completed by March 2020 to add power to the system. The total cost of PC-1 is Rs 21.697 billion an

Published 25 Jan, 2020 12:00am

UK changes travel advice on improved security

The United Kingdom on Friday announced a comprehensive review of UK travel advice for British nationals traveling to Pakistan and also allowed road trips to northern parts of the country due to improved security situations.

Published 25 Jan, 2020 12:00am

Stocks

KSE-100 Index recovers: BRIndex100 pares losses

Pakistan Stock Exchange Friday witnessed a mixed trend, however fresh buying at the fag end supported the market to close on a positive note. BRIndex100 gained 20.27 points or 0.45 percent to close at 4,485.47 points. BRIndex100 touched intraday high of 4

Published 25 Jan, 2020 12:00am

AJK government mulling providing military training to youth: Masood

"The government of Azad Jammu and Kashmir (AJK) is seriously considering to provide mandatory military training to the youth of AJK, especially the people living along the Line of Control (LoC), as Indian government can go for any misadventure at anytime

Published 25 Jan, 2020 12:00am

PM warns world of danger of an all-out war in IOJK region

Prime Minister Imran Khan on Friday again warned the world of the danger of an all-out war in Indian-Occupied Jammu and Kashmir region. In an interview with the BBC on Friday, he said, "If something goes wrong, it will have implications far beyond the sub

Published 25 Jan, 2020 12:00am

Violation of Balloter and Transfer rules: SECP shows mercy, imposes nominal penalty on agent

Keeping in view family tragedy with the CEO and directors of a company, the Securities and Exchange Commission of Pakistan (SECP) has taken a lenient view and imposed a nominal penalty of Rs 25,000 on the Balloter and Transfer agent for violating Balloter

Published 25 Jan, 2020 12:00am

Stock market brokers: SECP set to enforce new regulatory regime

The Securities and Exchange Commission of Pakistan (SECP) is all set to enforce a new regulatory regime to move towards consolidation of financial resource requirements of stock market brokers, reduce custody risks and set qualitative benchmarks.

Published 25 Jan, 2020 12:00am

Pakistan win first T20 against Bangladesh by five wickets

Pakistan beat Bangladesh by five wickets in the first T20 International to take 1-0 lead of three match T20 series here at Gaddafi Stadium on Friday amid stringent security adopted by the law enforcement agencies. Pakistan achieved the target of 142 in 19

Published 25 Jan, 2020 12:00am

Two cases confirmed in France: China shuts down 13 cities as virus toll climbs

Chinese authorities rapidly expanded a mammoth quarantine effort aimed at containing a deadly contagion on Friday as nervous residents were checked for fevers and the death toll climbed to 26.

Published 25 Jan, 2020 12:00am

Engineering sector: CEO EDB optimistic about export prospects

Chief Executive Officer (CEO) Engineering Development Board (EDB), Raza Abbas Shah has said that engineering sector's exports will be increased to the maximum level from current level of $ 1.3 billion under the "Make in Pakistan" strategy.

Published 25 Jan, 2020 12:00am

Pakistan-Africa trade moot in Nairobi on January 30

Pakistan is all set to organise the first-ever conference on Africa in Nairobi (Kenya) under Look Africa Initiative on January 30-31, 2020. Pakistan's trade with Africa has remained stagnant at $3 billion per year from 2012-13 to 2016-17, and increased to

Published 25 Jan, 2020 12:00am

Bizinjo submits privilege motion against Jam Kamal

Balochistan Assembly Speaker Abdul Qudoos Bizinjo on Friday submitted a privilege motion against CM Jam Kamal Khan. Talking to media in Quetta on Friday, he said that the chief minister used derogatory words against him but Jam Kamal Khan might not know t

Published 25 Jan, 2020 12:00am

Japanese senior deputy minister calls on COAS

Kanasugi Kenji, Senior Deputy Minister for Foreign Affairs of Japan, called on Chief of Army Staff (COAS) General Qamar Javed Bajwa on Friday. According to a press release issued by Inter-Services Public Relations (ISPR), during the meeting matters of mut

Published 25 Jan, 2020 12:00am

PTA sets seven-day validity of mobile device registration app/PSID

Pakistan Telecommunication Authority (PTA) has set seven days validity of mobile device registration application/ payment slip identification (PSID). The PTA stated that users are informed that all mobile device registration applications/ payment slip ide

Published 25 Jan, 2020 12:00am

ECP appointments: notification issued

Finally, the ruling Pakistan Tehreek-e-Insaf on Friday notified Sikandar Sultan Raja as the chief election commission (CEC) for a five-year term. A notification issued by the Ministry of Parliamentary Affairs said that President Arif Alvi green-lighted th

Published 25 Jan, 2020 12:00am

Thousands protest in Iraq to demand ouster of US troops

Thousands of supporters of populist Iraqi cleric Moqtada Sadr gathered in Baghdad on Friday for a rally to demand the ouster of US troops, putting the protest-hit capital on edge. The march rattled the separate, months-old protest movement that has grippe

Published 25 Jan, 2020 12:00am

Letters

'Fighting polio'

This is apropos a Business Recorder editorial "Fighting polio" carried by the newspaper on Thursday. The newspaper has made interned comment on impediments for implementation of polio programme. According to it, considering that over a year ago, th

Published 25 Jan, 2020 12:00am

Articles

Locusts the latest curse of East Africa weather extremes

Billions of locusts swarming through East Africa are the result of extreme weather swings and could prove catastrophic for a region still reeling from drought and deadly floods, experts said Friday. Dense clouds of the ravenous insects have spread from Et

Published 25 Jan, 2020 12:00am

Articles

In Davos, the spectre of a tech cold war

China and the United States may have laid down their arms for now in a trade truce, but their technological rivalry is still raging, raising the spectre of a high tech cold war. The coming battle played out this week in the corridors of the World Economic

Published 25 Jan, 2020 12:00am

Articles

Austerity kills

Literally!

Published 25 Jan, 2020 12:00am

Articles

A welcome step

Prime Minister Imran Khan has vowed to facilitate the business community in a meaningful manner. While chairing a meeting on the licensing regime in Pakistan last week, he directed to abolish unnecessary taxes and inspections. Around 150 licences are requ

Published 25 Jan, 2020 12:00am

Poor rating on the state of democracy and corruption

Two recent back-to-back reports for the year 2019 issued by the highly respected The Economist Intelligence Unit (EIU) and Transparency International (TI) on the state of global democracy and corruption respectively, show Pakistan in an unenviable light.

Updated 25 Jan, 2020 09:46am

Global growth prospects

In its latest update to its World Economic Outlook (WEO), the IMF has trimmed its global growth estimates for 2020 to 3.3 percent, 0.1 percent lower than its October, 2019 estimates and for 2021 by 0.2 percent to 3.4 percent. According to its chief Krista

Updated 25 Jan, 2020 09:42am

Gold up by Rs 150 per tola

Gold on Friday was traded for Rs 90,300 per tola, up by Rs 150 on the local market, traders said. The yellow metal was being sold for Rs77,418 per 10 grams, up by Rs 128 and $1,559 an ounce up by $5. Silver was selling for Rs 1,000 per tola, Rs 857.33 per

Published 25 Jan, 2020 12:00am

Business & Economy

BMP for extending business reforms to Peshawar, Quetta

Secretary General (Federal) of the Businessmen Panel Ahmad Jawad appreciative of business reforms introduced by the federal government has suggested its extension to Peshawar and Quetta too. He said extension of ease of doing business in other cities of t

Published 25 Jan, 2020 12:00am

Crackdown ordered against profiteers, hoarders

Chief Secretary Punjab Maj Azam Suleman Khan (retd) and IG Punjab Police Shoaib Dastagir called on Chief Minister Punjab Sardar Usman Buzdar, here on Friday and discussed matters regarding administrative affairs, measures taken for providing relief and la

Published 25 Jan, 2020 12:00am

$25 million PTP2 launched: Eradication of terrorism government's top priority: Ijaz Shah

Interior Minister Brigadier Ijaz Ahmed Shah (retd) on Friday said that eradication of terrorism is the top most priority of the present government but its complete eradication is not possible without raising awareness among public about the menace.

Published 25 Jan, 2020 12:00am

PPL-funded eye camp held at Kandhkot

As an ongoing feature of Pakistan Petroleum Limited's (PPL) Corporate Social Responsibility (CSR) programme, a three-day free-of-cost surgical eye camp concluded at Taluka Headquarters Hospital, Kandhkot in District Kashmore, Sindh near PPL-operated Kandh

Published 25 Jan, 2020 12:00am

AG KP ordered to probe late filing of cases by provincial government

The Supreme Court on Friday ordered Advocate General Khyber Pakhtunkhwa (KPK) to probe into late filing of cases by the provincial government on different issues. A three-judge bench, headed by Chief Justice Gulzar Ahmed, heard an appeal regarding service

Published 25 Jan, 2020 12:00am

Several mafias operating at Quaid-e-Azam University, observes NA panel

The National Assembly Standing Committee on Education on Friday said that many mafias are operating at Quaid-e-Azam University, and summoned the vice chancellor in person in the next meeting.

Published 25 Jan, 2020 12:00am

Presidential ordinances: Opposition senators slam treasury benches

After days of 'ceasefire' between the government and opposition since the start of the ongoing session of the Upper House of the Parliament on January 1, the opposition senators on Friday slammed the treasury benches for reviving the practice of relying o

Published 25 Jan, 2020 12:00am

Business & Economy

Business oriented framework: PAJCCI to help facilitate policy advocacy by involving diverse stakeholders

In line with Prime Minister's vision to substantiate efforts across the board to improve economic parameters, Pakistan Afghanistan Joint Chamber of Commerce and Industry (PAJCCI) is trying to help facilitate policy advocacy by involving diverse stakeholde

Published 25 Jan, 2020 12:00am

Taxes

Section 33 of ST Act 1990: Stakeholders question FBR's clarification

Stakeholders Friday raised questions over the implementation of recently issued clarification by the FBR regarding the application of serial 26 of section 33 of Sales Tax Act 1990. Items listed in the Third Schedule are being assessed at the retail price

Published 25 Jan, 2020 12:00am

R&D first step towards economic prosperity: PCSIR chief

Chairman of Pakistan Council of Scientific Research (PCSIR), Habibullah Khan has said that Research and Development (R&D) is the first step towards the economic prosperity. Speaking at a meeting of Korangi Association of Trade & Industry (KATI), he said t

Published 25 Jan, 2020 12:00am

MQM-P concerned at country's ranking in TI report

Muttahida Qaumi Movement Pakistan (MQM-P), an ally of Pakistan Tehreek-e-Insaf (PTI)'s federal government, Friday showed concern over the increasing corruption in Pakistan as reported by Transparency International. Dr Khalid Maqbool Siddiqui, Convener MQM

Published 25 Jan, 2020 12:00am

Stocks

ICAP launches 'CA Women on Board Directory' at PSX

The CA Women Committee of the Institute of Chartered Accountants of Pakistan (ICAP) has launched the CA Women on Board Directory. The launching ceremony was held at Pakistan Stock Exchange (PSX) on Friday. The Directory is a compilation of details of over

Published 25 Jan, 2020 12:00am

Rs 1.668 million SEEF investment in PIB: SHC orders senior officer to complete exercise

Sindh High Court (SHC) has ordered a senior government official to complete the exercise of investing Rs.1.668 million of Sindh Educational Endowment Fund (SEEF) in Pakistan Investment Bond (PIB) in one month.

Published 25 Jan, 2020 12:00am

Taxes

PRA to set up body of stakeholders to bridge communication gap

Punjab Revenue Authority (PRA) wants to form a committee having representatives from the Lahore Chamber of Commerce & Industry (LCCI) and other sectors to bridge the communication gap. Chairman PRA Zain-ul-Abidin Sahi stated this while speaking at the Lah

Published 25 Jan, 2020 12:00am

Buzdar reviews setting up of industrial estates and SEZs

Chief Minister Punjab Sardar Usman Buzdar held an important meeting at his office, here Friday in which different matters including establishment of Industrial Estates and Special Economic Zones, progress on the annual development program, provincial fina

Published 25 Jan, 2020 12:00am

Shaukat Khanum Science, Engineering Fair concludes

Shaukat Khanum National Science and Engineering Fair 2019, was concluded in Lahore on a positive note. As many as 214 participants of 38 institutions from all across Pakistan presented 80 science projects in the categories of Chemistry, Earth & Environmen

Published 25 Jan, 2020 12:00am

Information Minister rejects report of Transparency International

Minister Information Punjab Fayyaz-ul-Hassan Chohan has said that Transparency International's report is a failed attempt to malign the credibility of PTI's government.

Published 25 Jan, 2020 12:00am

Cotton & Textile

Power supply: PTEA voices concern over imposing surcharges, taxes

Pakistan Textile Exporters Association (PTEA) has expressed grave concern over imposition of surcharges, taxes and fuel adjustment on power supply to export-oriented sectors as it will negatively hit the export growth shattering all the efforts for sizeab

Published 25 Jan, 2020 12:00am

Government, opposition blame each other for flour crisis in PA

The Opposition and government legislators in session of Punjab Assembly on Friday blamed each other for ongoing flour crisis in the country. The session started almost two hours late under the chair of Deputy Speaker Sardar Dost Muhammad Mazari.

Published 25 Jan, 2020 12:00am

Protest rallies against inflation held in KP

The workers of different political parties, including JUI-F, JI, QWP, and progressive national parties on Friday held protest rallies and demonstrations against inflation, flour and sugar crises, unemployment and government's anti-masses policies.

Published 25 Jan, 2020 12:00am

Auqaf department to use tech to monitor cash boxes at shrines

Punjab Auqaf department has decided to use technology for monitoring cash boxes and an increase in the income from shrines. The monitoring would be reviewed after every two weeks to check malpractices in collection of dues. Meanwhile, the targets of 40 zo

Published 25 Jan, 2020 12:00am

Lahore, Faisalabad, Sargodha: Repairing of all non-functional water filtration plants begins

The Punjab Aab Pak Authority (PAPA) has formally initiated restoration and repair work on all non-functional water filtration plants in three districts, namely Lahore, Faisalabad and Sargodha.

Published 25 Jan, 2020 12:00am

Workshop on social media news held at SU

"We live in an era where information and misinformation closely compete one another on print media, electronic media and social media; mounting tremendous pressure on users to double-check the veracity of the news before further dissemination." Sindh Univ

Published 25 Jan, 2020 12:00am

Chamber of agriculture bill discussed

National Assembly's Subcommittee on Food Security and Research met here on Friday to discuss a private member bill titled "the Chamber of Agriculture Bill, 2019." The bill provides legal framework for establishing Chamber of Agriculture aimed at creating

Published 25 Jan, 2020 12:00am

METRO Pakistan launches Star Farm Academy

METRO Pakistan Ltd in collaboration with Star Farm launched the Star Farm Academy at its Canal Store Lahore, with the vision of "Enhancing Skills for Better Tomorrow". The first project titled "Retail Sales Associate Training Programme" was initiated by t

Published 25 Jan, 2020 12:00am

New EV policy to encourage made-in-Pakistan tagline: adviser

Prime Minister's Advisor on Climate Change, Malik Amin Aslam on Friday said that electric vehicle (EV) Policy would help transform Pakistan's transport sector in coming years and urban outlook with introduction of better, sustainable, affordable and envir

Published 25 Jan, 2020 12:00am

Qureshi welcomes Tehran, Riyadh's readiness for talks

Foreign Minister of Pakistan Shah Mahmood Qureshi has welcomed the recent statements issued by the Islamic Republic of Iran and Saudi Arabia expressing their readiness for talks to resolve disputes. Qureshi while responding to a question of IRNA at the fo

Published 25 Jan, 2020 12:00am

Afghan boy granted visa for treatment

A 12-year old ailing Afghan boy was granted Pakistani visa for medical treatment on humanitarian grounds upon the special directives of Foreign Minister Shah Mahmood Qureshi.

Published 25 Jan, 2020 12:00am

Hudood, Qisas cases: Senate body to seek CII help

A parliamentary panel on Friday decided to seek help from the Council of Islamic Ideology (CII) in a bill seeking an end to presidential powers to pardon sentences in Hudood and Qisas cases. The meeting of Senate Standing Committee on Law and Justice, whi

Published 25 Jan, 2020 12:00am

IBA-CICT signs MoU with AMFCO Technologies

The Institute of Business Administration, Karachi's Centre for Information and Communication Technology (IBA-CICT) has signed a memorandum of understanding (MoU) with AMFCO Technologies to participate as an academic strategic partner in the Digital Pakist

Published 25 Jan, 2020 12:00am

12th round of Pakistan-Japan BPC held

The 12th round of Pakistan-Japan Bilateral Political Consultations (BPC) was held here on Friday. The Pakistan side was led by Foreign Secretary Sohail Mahmood, while Senior Deputy Minister for Foreign Affairs Kenji Kanasugi led the Japanese side, said a

Published 25 Jan, 2020 12:00am

Energy

OGDCL wins top CSR awards

Oil and Gas Development Company Limited (OGDCL) bagged three CSR awards in different categories of Oil & Gas, CSR Projects & Community Development Services at 12th CSR Summit organized by National Forum for Environment and Health (NFEH) in Islamabad. The

Published 25 Jan, 2020 12:00am

Punjab government to step up campaign against adulteration

Punjab government on Friday decided to step up campaign against adulteration in the province. In this connection, Punjab Chief Secretary Major Azam Suleman Khan (retd) chaired a meeting and he directed the officials concerned to take stern action against

Published 25 Jan, 2020 12:00am

Ministry quota: Recruitments in Islamabad police challenged

Recruitments in Islamabad police "without observing" the minority quota has been challenged in the Islamabad High Court. Asif Mehmood on Friday through Haroon-ur-Rashid Advocate filed a writ petition and cited secretary Establishment Division and inspecto

Published 25 Jan, 2020 12:00am

Money & Banking

World Bank regional director, CM discuss Sindh's water sector projects

Sindh Chief Minister Syed Murad Ali Shah and a World Bank Regional Director, South Asia, Johan Roome met here on Friday at CM House and discussed the provincial government's development priorities and how the bank could support them and also discussed Wor

Published 25 Jan, 2020 12:00am

Two killed, 3 injured in separate incidents

Two persons were killed and three others injured in separate incidents of violence while the police claimed to have arrested 45 accused including a gang of motorbike snatchers during the last 24 hours. Malik Naveed son of Muhammad Sadiq was killed by unkn

Published 25 Jan, 2020 12:00am

Cotton & Textile

20 Pakistani manufacturers to participate in Paris expo

Some 20 Pakistani manufacturers of fabric, garments and leather will take part at Texworld, Apparel Sourcing and Leatherworld Paris to be held from February 10-13, 2020. Trade Development Authority of Pakistan (TDAP) is organizing the Pakistan pavilion at

Published 25 Jan, 2020 12:00am

IFMP organises workshop on AML-CTF

The Institute of Financial Markets of Pakistan (IFMP) organised a workshop on Anti-Money Laundering/ Combating Terrorist Financing on Thursday, 23 January 2020, at a local hotel in Karachi. The workshop was conducted by Sumera Baloch - Additional Director

Published 25 Jan, 2020 12:00am

CDA okays Rs 210.552 million for provision of gas network in sector I-14

Capital Development Authority (CDA) in line with its policy to complete the development works in the stalled sectors has approved Rs 210.552 million for installation and provision of gas network in sector I-14.

Published 25 Jan, 2020 12:00am

Absence of NHA officials irks Senate panel

The absence of National Highway Authority (NHA) officials from a meeting of the Senate panel on Friday irked the lawmakers who expressed displeasure over the non-seriousness of the public servants to turn up to the parliamentary bodies.

Published 25 Jan, 2020 12:00am

Five salt processing units sealed in Punjab

The Punjab Food Authority on Friday sealed five salt processing units while inspecting 690 units across the province. PFA Director General Irfan Memon said that the purpose of the inspection was ensuring the right amount of iodine in salt and other minera

Published 25 Jan, 2020 12:00am

Articles

Partly Facetious: Corruption increases

"Transparency International's corruption index has lowered Pakistan ranking and that is just not right."

Published 25 Jan, 2020 12:00am

Bulgaria accuses two more Russians of spying

Bulgaria summoned Moscow's ambassador on Friday after two men based at the Russian embassy in Sofia were accused of spying and ordered to leave the country. A consular first secretary and an official at Russia's trade representation, both men, collected "

Updated 25 Jan, 2020 06:50am

Trump at anti-abortion rally as Democrats wrap impeachment case

US President Donald Trump addressed the country's biggest annual anti-abortion rally on Friday as members of the Senate sat in judgment just blocks away at his impeachment trial.

Updated 25 Jan, 2020 06:38am

Gunman kills parents and four others in Germany

A 26-year-old man is believed to have shot dead his mother and father and four other people in a town in southwest Germany on Friday, police said, leaving two others seriously wounded.

Updated 25 Jan, 2020 06:50am

US media trust gap widens in wake of Trump attacks: poll

A partisan split on trust in the US news media has widened in recent years in the wake of attacks on the press by US President Donald Trump, a survey showed Friday. The Pew Research Center poll found growing polarization among Americans in their views, wi

Published 25 Jan, 2020 12:00am

Heavy rain kills dozens in Madagascar

At least 21 people have died in Madagascar following almost a week of torrential rain in the north-west of the island, the government said on Friday. The tropical Indian Ocean nation is in the midst of an intense six-month rainy season that often leads to

Published 25 Jan, 2020 12:00am

Bolsonaro in maiden India visit

Brazilian President Jair Bolsonaro arrived for his first official visit to India on Friday aiming to boost ties between the two stuttering BRICS economies and with fellow right-wing leader Narendra Modi.

Published 25 Jan, 2020 12:00am

34 US troops injured in recent Iranian strike: Pentagon

Nearly three dozen US troops suffered traumatic brain injuries or concussion in this month's Iranian air strike on a military base in Iraq, the Pentagon said on Friday. "Thirty-four total members have been diagnosed with concussions and TBI (traumatic bra

Published 25 Jan, 2020 12:00am

EU calls Iran nuclear talks next month in bid to save deal

Brussels made a bid to buy more time to save the Iran nuclear deal Friday, calling a meeting for next month after Britain, France and Germany launched a dispute process. The European capitals triggered the complaint mechanism last week after Tehran took a

Published 25 Jan, 2020 12:00am

US pharma boss gets five years jail time

John Kapoor, the founder of US drug maker Insys, was sentenced to five and a half years in prison on Thursday for helping fuel America's deadly opioid crisis. The 76-year-old became the first owner of a pharmaceutical company to go to prison over the cris

Published 25 Jan, 2020 12:00am

Industrial explosion kills two, wrecks houses in Houston, Texas

A large industrial explosion killed at least two people in the US city of Houston early Friday, shattering windows and damaging homes as shocked residents emerged to survey the destruction.

Published 25 Jan, 2020 12:00am

Sudan rebel groups ink key deal on security, land, power sharing

A coalition of nine rebel groups from two conflict areas in Sudan on Friday signed a preliminary agreement with the government after weeks of talks in a key step towards a final peace deal.

Published 25 Jan, 2020 12:00am

6.8 magnitude quake hits eastern Turkey

An earthquake measuring 6.8 on the Richter scale hit eastern Turkey on Friday, a Turkish government agency said. There was no immediate information about any casualties but the country's interior minister said there were reports that some buildings had co

Published 25 Jan, 2020 12:00am

Astronauts bake first cookies in space

Astronauts on the International Space Station have baked the first cookies in space, but they took far longer than on Earth. The space station's Italian commander Luca Parmitano acted as baker aided by NASA astronaut Christina Koch for the chocolate-chip

Published 25 Jan, 2020 12:00am

Johnson hails 'new chapter' as he signs EU divorce deal

Prime Minister Boris Johnson on Friday hailed "a new chapter" in Britain's history as he signed its divorce deal with the EU, clearing another hurdle ahead of the country's departure from the bloc next Friday.

Published 25 Jan, 2020 12:00am

Money & Banking

Euro hovers near seven-week low in Asia

The euro hovered near a seven-week low against the dollar on Friday after the European Central Bank was seen as more cautious than expected, while anxiety over China's coronavirus outbreak propped up the safe-haven yen. The euro changed hands at $1.1055,

Published 25 Jan, 2020 12:00am

Money & Banking

Euro tumbles to seven-week low in Europe

The euro weakened to a seven-week low on Friday as lacklustre PMI data added to the broader market conviction that European central bank policymakers will maintain a loose monetary policy for the near future. Eurozone business activity remained lacklustre

Published 25 Jan, 2020 12:00am

Money & Banking

Early trade in New York: Dollar rises to eight-week high against euro

The dollar rose to a near eight-week high against the euro on Friday as lukewarm European PMI data added to the broader market conviction that European central bank policymakers will maintain a loose monetary policy for the near future.

Published 25 Jan, 2020 12:00am

Money & Banking

Dollar climbs against euro in New York

The dollar rose against the euro on Thursday after the European Central Bank held interest rates steady and launched a broad review of its policy that was likely to see new President Christine Lagarde redefine the ECB's main goal and how to achieve it.

Published 25 Jan, 2020 12:00am

Money & Banking

Lira 'looks competitive' at 5.7-5.9 against dollar

The Turkish lira "looks competitive" at a level between 5.7 and 5.9 against the US dollar, Finance Minister Berat Albayrak was cited as saying by the Nikkei newspaper on Friday, adding that financial stability was a matter of "national security". A curren

Published 25 Jan, 2020 12:00am

Money & Banking

Asian forex: most units up, but virus fears cap gains

Most Asian currencies rose slightly on Friday, although gains were limited by lack of direction from China and rising death toll and case count from a new coronavirus. Trading volumes were thin, with financial markets in China, Taiwan and South Korea clos

Published 25 Jan, 2020 12:00am

Money & Banking

Australian, New Zealand dollars find mixed fortunes

The Australian dollar looked to be heading for a fourth straight week of losses on Friday as the China virus dominated headlines, though the New Zealand dollar got a late lift from inflation data that just topped expectations. The Aussie was pinned at $0.

Published 25 Jan, 2020 12:00am

Money & Banking

Sterling drops

Sterling retreated on Friday after initially strengthening, as some investors still expected an interest rate cut next week even though business surveys pointed to a post-election bounce in the British economy.

Published 25 Jan, 2020 12:00am

Other

Serena, Osaka out, Federer survives as surprises rock Australian Open

Serena Williams crashed out, 15-year-old Coco Gauff stunned Naomi Osaka and Roger Federer survived a five-set thriller as the form book went flying out of the window at the Australian Open on Friday.

Published 25 Jan, 2020 12:00am

Other

Dutch Dakar biker dies after Saudi Arabia crash

Dutch motorcyclist Edwin Straver, who crashed during the penultimate stage of the Dakar rally, has died of his injuries, his wife confirmed on Friday. The 48-year-old from Rijswijk in southern Netherlands fell from his KTM 450 on January 16 travelling at

Published 25 Jan, 2020 12:00am

Cricket

India beat New Zealand in emphatic run chase

India cast aside talk of travel fatigue with half-centuries from Lokesh Rahul and Shreyas Iyer headlining an emphatic run chase to beat New Zealand with an over to spare in the opening Twenty20 match in Auckland Friday.

Published 25 Jan, 2020 12:00am

Cricket

Crawley hits maiden fifty before South Africa fight back

Zak Crawley's maiden Test half-century gave England a solid foundation before South Africa struck back on the first day of the fourth and final Test at the Wanderers Stadium on Friday.

Published 25 Jan, 2020 12:00am

Cricket

Pakistan win first T20 against Bangladesh by five wickets

Published 25 Jan, 2020 12:00am

Stocks

UK regulator launches probe into Just Eat takeover

Britain on Friday launched a regulatory probe into a planned takeover of UK online food delivery service Just Eat by Dutch peer Takeaway.com. The Dutch company earlier this month won a battle for Just Eat, beating a hostile bid by tech firm Prosus to crea

Published 25 Jan, 2020 12:00am

Money & Banking

Deutsche Bank adds former German minister to board

Germany's biggest lender Deutsche Bank said Friday it had recruited former foreign minister and Social Democratic Party (SPD) leader Sigmar Gabriel to join its supervisory board.

Published 25 Jan, 2020 12:00am

Global Business Economy

German media giant Axel Springer quits stock exchange

German media giant Axel Springer announced Friday that it would begin delisting from the Frankfurt Stock Exchange, following its takeover by American investment firm KKR. "Axel Springer SE plans to withdraw from the stock exchange," the group confirmed in

Published 25 Jan, 2020 12:00am

Global Business Economy

Protests across France against pensions overhaul

Protesters again poured into streets across France on Friday hoping to derail a hotly contested pension overhaul, whose fate will soon be in the hands of lawmakers after weeks of crippling transport strikes.

Published 25 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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