News Archives for Print - 2020-02-03

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Print - 2020-02-03

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (January 27 to 31, 2020).

Published 03 Feb, 2020 12:00am

Returns on Profit and Loss Sharing Investment Bank Accounts (July to December 2019)

Comparative table of returns being given banks on their Profit and Loss Sharing Investment Accounts and Term Deposits.

Published 03 Feb, 2020 12:00am

The Weather

The weather report on Sunday (February 2, 2020) and the forecast for Monday (February 03, 2020).

Published 03 Feb, 2020 12:00am

Aaj TV - Monday's schedule

All timings are in PST (Pakistan Standard Time).

Published 03 Feb, 2020 12:00am

Other

Djokovic beats Thiem in five-set epic to win eighth Australian Open

Novak Djokovic battled through a five-set thriller with Dominic Thiem to maintain his dominance at the Australian Open Sunday, claiming a record eighth title and returning to world number one in the process. The indomitable Serb stretched his unbeaten str

Published 03 Feb, 2020 12:00am

Cricket

India post T20 series sweep against New Zealand

A dramatic New Zealand collapse in which six wickets fell for 25 runs gave India a seven-run win in the fifth and final Twenty20 at Mount Maunganui on Sunday to sweep the series. Jasprit Bumrah led the rout to finish with the impressive figures of three f

Published 03 Feb, 2020 12:00am

Other

McDowell wins Saudi International to end title drought

Graeme McDowell brilliantly defended his overnight lead in windy conditions on Sunday to win the Saudi International for his 11th European Tour title but first since 2014. The Northern Irishman had slipped to two-over par for the round after 13 holes, but

Published 03 Feb, 2020 12:00am

Cricket

PCB's first BoGs meeting today

As promised by PCB Chairman Ehsan Mani, the first meeting of the Pakistan Cricket Board (PCB) Board of Governors (BoGs) of the year and 57th overall, will be held at Peshawar on Tuesday (February 4). This will be the first-ever meeting in the Khyber Pakht

Published 03 Feb, 2020 12:00am

Other

PBG wins Corps Commander Polo Cup 2020

PBG edged out 4 Corps by six goals to five and a half to clinch the Jubilee Insurance-sponsored Corps Commander Polo Cup here on Sunday. Corps Commander Lahore Lt Gen Majid Ehsan (Hilal-e-imtiaz Military) graced the concluding ceremony as chief guest and

Published 03 Feb, 2020 12:00am

IT & Computers

Apple unveils revamped map app to challenge Google

Apple on Thursday said it has finished rolling out an overhauled map app in the US in another attempt to challenge Google's popular smartphone navigation software. Apple spent years rebuilding the application, its cars traveling millions of miles to map r

Published 03 Feb, 2020 12:00am

Telecommunication

5G: Five things to know

It is heralded as the breakthrough to a brave new world of technology, but in the here and now, super-fast 5G networking has been pitting the United States against China. On Tuesday, the European Union and Britain indicated a conditional green light for C

Published 03 Feb, 2020 12:00am

Global Business Economy

Report highlights perils of the digital gig economy

From hidden costs and poor wages to the pressures of being constantly available and lack of career development, many workers feel there is no way out of the digital "gig economy", according to a new report published on Jan 29 Wednesday.

Published 03 Feb, 2020 12:00am

IT & Computers

Zuckerberg vows to address Facebook users' privacy concerns

Facebook Inc has reached a $550 million settlement of claims it collected and stored millions of users' biometric data without their consent, as Chief Executive Mark Zuckerberg pledged better protections for users to address privacy concerns that have dog

Published 03 Feb, 2020 12:00am

How life in China has changed since SARS

A new coronavirus originating from central China has killed 259 people and infected thousands others, stirring memories of the SARS outbreak nearly two decades ago. Severe Acute Respiratory Syndrome - which also began in China - killed almost 800 people w

Published 03 Feb, 2020 12:00am

Many countries 'unprepared' for China virus: monitor

Many countries are unprepared to face the deadly virus spreading in China and beyond, a global health monitor warned on Thursday as it urged governments to get ready. The Global Preparedness Monitoring Board (GPMB), an independent body created by the Worl

Published 03 Feb, 2020 12:00am

'Amazon emissions lowest from indigenous and protected lands'

Indigenous lands and protected areas in the Amazon rainforest account for just 10% of all carbon emissions from tropical forests spread across the nine countries of the Amazon in South America, researchers said on Monday. The Amazon, as the world's larges

Published 03 Feb, 2020 12:00am

Record heat forecast for coming years

The coming five years are anticipated to be warmest period on record, Britain's Met Office said on Thursday, warning of an outside chance of Earth breaching the Paris deal 1.5C temperature rise cap before 2024. In a regular "decadal forecast" looking at p

Published 03 Feb, 2020 12:00am

Commodities

Unilever stirs the pot with review of global tea business

Unilever will conduct a review of its global tea business, including the PG Tips and Lipton brands, in an apparent strategy rethink by Chief Executive Alan Jope in the face of slowing group sales growth.

Published 03 Feb, 2020 12:00am

IT & Computers

After dismal 2019, Samsung pins modest recovery hopes on chip market pick-up

Samsung Electronics Co is counting on a gradual recovery in memory chip demand from data centres and 5G smartphone makers to help it bounce back in 2020 after sliding to its worst operating profit in four years.

Published 03 Feb, 2020 12:00am

Global Business Economy

China demand for Jaguar, Land Rover boosts India's Tata Motors

Chinese demand for British luxury brands Jaguar and Land Rover helped Indian automaker Tata Motors return to the black on Thursday, despite falling sales in the domestic market.

Published 03 Feb, 2020 12:00am

Cotton & Textile

H&M reshuffles at top as profit growth pleases market

Swedish fashion giant H&M appointed company veteran Helena Helmersson as chief executive officer on Thursday as it reported its first rise in annual profit since 2015 and pleased the market with strong fourth-quarter profit growth.

Published 03 Feb, 2020 12:00am

Money & Banking

Only capital can fix Santander's discount

It's not easy being Ana Botin. The Banco Santander executive chair is pushing through a heavy restructuring programme, and delivering robust results, particularly in Latin America. Still, until the Spanish lender bolsters a capital ratio which languishes

Published 03 Feb, 2020 12:00am

Global Business Economy

Saudi Arabia's SABIC posts Q4 loss, sees slowdown in 2020

Saudi Basic Industries Corp (SABIC) expects a slowdown in demand in 2020, CEO Yousef al-Benyan said on Wednesday, after the world's fourth-biggest petrochemicals maker reported a fourth-quarter loss.

Published 03 Feb, 2020 12:00am

Money & Banking

Mastercard beats profit estimates on strong holiday season spending

Mastercard Inc beat Wall Street estimates for quarterly profit on Wednesday as customers spent more on its cards during the US holiday shopping season, boosting fees for the world's second-largest payment processor.

Published 03 Feb, 2020 12:00am

IT & Computers

Microsoft cloud revenue reaccelerates, sending profit above Street estimates

Microsoft Corp on Wednesday reported fiscal second-quarter sales and profit that beat Wall Street expectations, driven by the first acceleration of Azure cloud computing revenue growth in eight quarters amid a pitched battle with Amazon.com Inc's cloud un

Published 03 Feb, 2020 12:00am

Money & Banking

Visa sees muted revenue growth in 2020

Visa Inc on Thursday fell short of analysts' estimate for first-quarter revenue and said revenue this year would be crimped by incentives it provide to banking clients, sending its shares down nearly 3 percent.

Published 03 Feb, 2020 12:00am

Global Business Economy

Sovereignty comes first: Britain lays out tough stance for EU trade

Britain laid out a tough opening stance for future talks with the European Union on Sunday, saying it would set its own agenda rather than meeting the bloc's rules to ensure frictionless trade.

Published 03 Feb, 2020 12:00am

Money & Banking

Dubai Islamic Bank to cut 500-plus Noor Bank jobs

Dubai Islamic Bank (DIB) could axe more than half the workforce with a planned 500-plus job cuts at newly acquired Noor Bank as part of cost cuts across both lenders, said three sources close to the matter. Final numbers on the job losses will emerge afte

Published 03 Feb, 2020 12:00am

Energy

Kuwait and Saudi Arabia start work to resume oil output from Khafji

Kuwait and Saudi Arabia have started preparation work to resume crude oil production from the al-Khafji oilfield jointly operated by the two countries, with initial output expected around the end of February, two industry sources said.

Published 03 Feb, 2020 12:00am

Commodities

A US dairy farmer works to cut back

Jim Davenport's alarm clock rings at 2:45 am every morning. That's when he climbs out of bed for the day's first milking of his 64 cows. It's not the long hours that scares this longtime dairy farmer, it's the string of lean years that has him weighing wh

Published 03 Feb, 2020 12:00am

Global Business Economy

UAE allocates $2 billion for investment in Mauritania

The United Arab Emirates will pump $2.0 billion into investment and development projects in Mauritania, state media said Sunday during a visit by the country's new leader renowned for his anti-jihadist stand.

Published 03 Feb, 2020 12:00am

Energy

Russian oil output up to 11.28 million bpd in January, highest since August

Russian oil and gas condensate output rose to 11.28 million barrels per day (bpd) in January, from 11.26 million bpd in December, Interfax news agency reported on Sunday, citing Energy Ministry's data. This is in line with what sources told Reuters last w

Published 03 Feb, 2020 12:00am

Telecommunication

Huawei 5G troubles to test Nordic competitors' bandwidth

Tougher UK and EU rules restricting 5G network supplier Huawei should be a golden opportunity for competitors Nokia and Ericsson, but the companies may struggle to meet the increased demand, analysts warned. On Tuesday, Britain imposed a 35 percent cap on

Published 03 Feb, 2020 12:00am

Stocks

Wall Street week ahead: Earnings volatility set to kick in as coronavirus worries mount

Concerns over the outbreak of coronavirus from China have largely overshadowed corporate results, but the back half of the earnings season could hold greater sway over the performance of individual stocks. Earnings-related stock moves have been smaller th

Published 03 Feb, 2020 12:00am

Money & Banking

Indonesia to reduce portion bond issuance in forex in 2020

Indonesia aims to reduce the portion of bond issuance in foreign currencies to 14%-18% of total planned issuance, Finance Ministry senior official Loto Srinaita Ginting said on Wednesday. "The aim is to reduce portion of foreign exchange issuance. It was

Published 03 Feb, 2020 12:00am

Money & Banking

Visa, Mastercard could be next $1 trilion companies

Tech and internet titans were the first to reach $1 trillion in stock market value, but the next US companies that could do so are better known for their plastic. Soaring stock prices are propelling credit and debit card companies Visa Inc and Mastercard

Published 03 Feb, 2020 12:00am

Stocks

US regulators propose simpler restrictions around bank fund investments

US banks would be able to take large ownership stakes in venture capital funds under proposed rules unveiled on Thursday by the Federal Reserve.

Published 03 Feb, 2020 12:00am

Stocks

China moves to limit short selling as virus looms over market reopening

China has taken steps to limit short-selling activities as the country's financial markets prepare to reopen on Monday amid an outbreak of a new coronavirus, three sources with direct knowledge of the matter told Reuters.

Published 03 Feb, 2020 12:00am

Global Business Economy

Thai baht hits 7-month low as China virus threatens tourism

Thailand's baht has lost half of 2019's gains in just a month, hit by emerging market outflows and as the spread of a flu-like virus in China threatens the country's tourism sector.

Updated 03 Feb, 2020 09:53am

Stocks

Gulf tracks global declines on economic fears over China virus

Most Middle Eastern bourses were pressured on Sunday, mirroring Friday's slide in global shares and oil prices due to growing concern about the economic impact of a new coronavirus outbreak, while Saudi Arabia was hit by slew of poor corporate earnings.

Published 03 Feb, 2020 12:00am

Money & Banking

Lebanon's March 2020 bond in record rally on payment hopes

Lebanon's March 2020 bond rallied by a record amount on Thursday, signalling growing investor hopes that the $1.2 billion issue might be repaid despite the country battling its worst economic crisis in decades.

Published 03 Feb, 2020 12:00am

France ramps up Sahel military presence to counter threat

France said Sunday it was boosting its military presence in the Sahel by adding a further 600 troops to its 4,500-strong operation in Mali and four other countries in the region. Defence Minister Florence Parly said in a statement that the bulk of the rei

Published 03 Feb, 2020 12:00am

Somalia state installs leader despite two rival claims

Members of Parliament in a semi-autonomous state in Somalia chose a new president on Sunday in a federal-government backed process, days after two rival politicians claimed the post for themselves. Galmudug's parliament elected Ahmed Abdi Kariye - a forme

Published 03 Feb, 2020 12:00am

Air strikes in northwest Syria kill 9 civilians

Air strikes by the Syrian regime and its Russian ally on Sunday killed nine civilians in the last major opposition bastion of Idlib in the country's northwest, a war monitor said.

Updated 03 Feb, 2020 10:05am

Former New Zealand PM and WTO head Mike Moore dies

Mike Moore, who overcame cancer and a lack of formal education to become prime minister of New Zealand and head of the World Trade Organization (WTO), died Sunday aged 71, his wife said.

Published 03 Feb, 2020 12:00am

Brief Recordings

'By 2030, we want to grow the livestock sector by 7-8 per cent: an interview with Aijaz Ahmed Mahesar, Secretary Livestock & Fisheries Department, Sindh

Aijaz Ahmed Mahesar boasts of a vast experience in the government sector. He has worked in various capacities in the Excise, Taxation and Control Narcotics Department, Public Health Engineering and Rural Development Department (Government of Sindh), Indus

Updated 03 Feb, 2020 05:28am

Paracha sets his sights on showcasing Pakistan to the western world

After establishing his footing as robust young Hollywood producer, the Pakistani American Habib Paracha is all set to showcase a peaceful, progressive and positive Pakistan to the western world.

Published 03 Feb, 2020 12:00am

Cotton & Textile

COTTON REVIEW: Trading volume continues to decline

Under the influence of international cotton market, the decreasing trend was witnessed in the prices of local cotton. Trading volume continued to decline. Lack of good quality seeds: There is a need to evolve positive strategy in order to increase the pro

Published 03 Feb, 2020 12:00am

'The Last Full Measure' released in cinemas

Pakistani Hollywood producer Habib Paracha's most anticipated war drama film "The Last Full Measure" has been released nationwide after a star-studded premiere at Nueplex, DHA, in Karachi here on last Friday night. This is the first time that a Hollywood

Published 03 Feb, 2020 12:00am

Business & Economy

Regal Automobiles Industries launches affordable hatch back Prince Pearl

With an aim to reshape Pakistan's automobile industry, Regal Automobiles Industries Limited (RAIL), launched Pakistan's most affordable hatchback, the Prince Pearl, on 31st January 2020. The car was launched in an exclusive event at a local hotel. Governo

Published 03 Feb, 2020 12:00am

Timely execution of KCR: Rashid assures support to Sindh government

Federal Minister for Railways Sheikh Rashid Ahmed on Sunday assured the Sindh government that his Ministry will extend all possible cooperation and support for timely execution of Karachi Circular Railways (KCR) project, including handing over Pakistan Ra

Published 03 Feb, 2020 12:00am

Indian diplomat summoned over ceasefire violations

The Foreign Office Sunday summoned a senior diplomat from the Indian High Commission to register Pakistan's strong protest at the ceasefire violations by Indian occupation forces along the Line of Control (LoC), seriously injuring an innocent civilian.

Published 03 Feb, 2020 12:00am

KP plans Dara-ul-Kafala for vagrants

The provincial government of Khyber Pakhtunkhwa is going to establish Dar-ul-Kafala to provide shelter, health care, education and skill development facilities to the vagrants in the province.

Published 03 Feb, 2020 12:00am

KP CM for implementation of Peshawar's beautification plan

Chief Minister Mahmood Khan has directed to ensure progress and implementation of provincial capital beautification and renovation project "Peshawar Revival Plan" within the given timeline directing that local MPAs should be involved in all the developmen

Published 03 Feb, 2020 12:00am

Huge cache of weapons recovered from FB Area house

Law enforcement agencies have foiled an attempt to destroy the peace of metropolis city of Karachi as they recovered a huge amount of cache. The special security unity of police along with intelligence agencies raided a house in Federal B Area.

Published 03 Feb, 2020 12:00am

PM keenly interested in tribal people's progress: Firdous

Special Assistant to Prime Minister on Information and Broadcasting Dr Firdous Ashiq Awan on Sunday has said that the PM is determined for the progress of people living in tribal areas. In a tweet, the special assistant said that the sacrifices of 'patrio

Published 03 Feb, 2020 12:00am

'Dates farming' in Balochistan needs government's patronage'

Balochistan beside huge natural resources also has another untapped potential in the form of delicious and unique dates which need the authorities' attention as the farmers are facing decline in production due to no processing facilities and cold storage

Published 03 Feb, 2020 12:00am

'Education policies must demonstrate concept of social justice'

Government must improve the compliance of international commitments and revise domestic statutes accordingly. The education policies must demonstrate the concept of social justice and peaceful coexistence to promote social harmony and national cohesion. S

Published 03 Feb, 2020 12:00am

Haleem highlights government's major achievements

Ehsas Programme, Kamyab Jawan, Naya Pakistan Housing Scheme, Model Langer khana, Panahgah Programme, Environment Protection, Billion Tree Tsunami, Clean Green Pakistan Index, and better foreign policy and measures for protection and welfare of the minorit

Published 03 Feb, 2020 12:00am

Expert urges governments to support recreational fishing

A fisheries sector expert, Omar Hayat has urged provincial and federal governments to extend support to catch-and-pay recreational fishing in private facilities to promote ecotourism and contribute positively to conservation and local and regional economi

Published 03 Feb, 2020 12:00am

Energy

IPPs on the verge of default

The Independent Power Producers (IPPs) are reportedly on the verge of default due to exhausting of their credit lines as the government is not honouring obligations on payment due to which receivables are now hovering at around Rs 450 billion.

Published 03 Feb, 2020 12:00am

Business & Economy

Buzdar to consult with legislators about uplift projects

Chief Minister Punjab Sardar Usman Buzdar has decided to make consultations with National and Provincial Assembly Members with regard to undertaking development programmes. He will also meet with National and Provincial Assembly Members of respective divi

Published 03 Feb, 2020 12:00am

Business & Economy

150,000 security guards may get job in Malaysia

Pakistan's High Commissioner in Malaysia Amna Baloch Sunday said that Malaysia was negotiating with Pakistan to hire security guards after it had stopped hiring low-skilled workers from other countries. "The initial negotiations between both the countries

Published 03 Feb, 2020 12:00am

Business & Economy

Government keeps on delivering public service without caring for any criticism: CM

Chief Minister Punjab Sardar Usman Buzdar has said that PTI government has come into power with the aim to render public service and will continue to tread on the path of delivering public service without caring for any criticism. PTI government has promo

Published 03 Feb, 2020 12:00am

Rescue 1122 provided emergency care to 104,503 victims in January: DG

The Director General of Punjab Emergency Services (Rescue 1122) Dr Rizwan Naseer has said that rescue 1122 provided timely emergency care to 104,503 victims across the province while responding to 106,119 emergencies during the month of January. He said t

Published 03 Feb, 2020 12:00am

Three eatery places sealed in Multan

The operation of Punjab Food Authority (PFA) continued against counterfeiters, adulterators and violators on the second consecutive day here on Sunday. Food teams have sealed three food businesses and discarded 6,800kg tainted spices while examining food

Published 03 Feb, 2020 12:00am

Three eatery places sealed in Multan

Published 03 Feb, 2020 12:00am

DG I&I (IR) can't issue directives: ATIR

In a landmark judgment, Appellate Tribunal Inland Revenue (ATIR) has reprimanded Directorate of Intelligence and Investigation (I&I) Inland Revenue (IR) that the DG I&I has become a supra constitutional body and acts in an unbridled manner.

Published 03 Feb, 2020 12:00am

Business & Economy

IPO chief for amending copyright laws of musicians

Intellectual Property Organisation of Pakistan (IPO) Chairman Mujeeb Ahmed Khan has regretted that current copyrights laws do not have teeth to enforce the rights of musicians.

Published 03 Feb, 2020 12:00am

Urban forest established on 300 acres of land in Tandlianwala

Under the Clean and Green Punjab programme on the 300 acres of government land the urban forest has been established in Chak 558 GB Tandlianwala where 300,000 plants of different types being planted in the first phase with the partnership of civil society

Published 03 Feb, 2020 12:00am

China has best facilities to handle coronavirus patients: envoy

Pakistan's Ambassador to China Naghmana Hashmi on Sunday said that Pakistani students should not be evacuated from the virus-hit Chinese city of Wuhan as medical facilities in Pakistan do not meet the standards required to treat a patient diagnosed with c

Published 03 Feb, 2020 12:00am

Coronavirus: 176 Chinese working in Bahawalpur division carry no symptoms

As many as 176 Chinese performing various professional duties in different parts of Bahawalpur Division have been screened for coronavirus and none of them was found to carry the virus.

Published 03 Feb, 2020 12:00am

WHO provides tools for screening of coronavirus cases

World Health Organization (WHO) Pakistan has provided necessary technical guidance, tools for screening along with laboratory support and management of noval coronavirus (n-CoV) cases at federal and provincial levels According to WHO, it has provided Infr

Published 03 Feb, 2020 12:00am

Sanjrani urges Siddiqui to take back resignation

Senate Chairman Muhammad Sadiq Sanjrani called on Muttahida Qaumi Movement-Pakistan's (MQM-P) leadership at the party Bahadurabad HQs on Sunday and discussed political issues, including resignation of MQM-P Convener Maqbool Ahmed Siddiqui from the post of

Published 03 Feb, 2020 12:00am

SU's MS/MPhil degree programme: Over 2070 candidates appear in pre-entrance test

The pre-entry test for admission to the MS/MPhil degree programs in various departments/ institutes for the academic year 2020 was held in a smooth, successful and transparent manner amid conducive, efficient and welcoming environment at Arts Faculty Buil

Published 03 Feb, 2020 12:00am

People get panicky when Chinese national's nosebleeds at AIIA

A Chinese national, who arrived at the Allama Iqbal International Airport (AIIA) from Karachi on Sunday, was admitted to an isolation ward of the Services Hospital on suspicion of being infected with coronavirus after his nose begun bleeding, creating pan

Published 03 Feb, 2020 12:00am

Sindh Livestock Expo 2020 to begin on February 8: Ghani

Sindh Minister for Information and Labour Saeed Ghani has said that Sindh Livestock Expo, scheduled to be held on 8th and 9th February in Hyderabad would be a milestone. He said that by organising this Expo the Sindh government was trying to boost investm

Published 03 Feb, 2020 12:00am

FPCCI's concern over MPS

The reaction of trade and industry is usually negative whenever the central bank of a country decides to follow a tight monetary policy. Commenting on the latest monetary policy statement (MPS) announced by the State Bank of Pakistan (SBP) on 28th January

Updated 03 Feb, 2020 06:24am

The dismal state of Railways

The issue has much wider implications than the railways authorities seemed to realize until a Supreme Court bench headed by Chief Justice of Pakistan Gulzar Ahmad started hearing a case pertaining to huge financial losses incurred by Pakistan Railways. Du

Updated 03 Feb, 2020 06:34am

Articles

MPS 2020

The first monetary policy statement (MPS) for the year 2020 announced by Governor State Bank of Pakistan maintained the discount rate at 13.25 percent (since July 2019) dashing hopes of a downward revision that independent economists as well as members of

Published 03 Feb, 2020 12:00am

Articles

FATF - financial politics

"Money is the mother of all politics", Jesse. M. Unruh. A statement that has been debated but not disputed. This is visible in the classification of the world into the first world, third world or the developed Vs LDCs - less developed countries. The class

Published 03 Feb, 2020 12:00am

Articles

Identity crisis and extremism

An identity crisis is a phenomenon where a people's identity is defined and manipulated in a particular way to exploit it for political advantages. Identity crisis then leads to extremism in politics and the dominating cult excludes others on untenable gr

Published 03 Feb, 2020 12:00am

Letters

'Understated GDP'

Business Recorder op-ed writer Ali Khizar in his latest contribution to the newspaper titled "Understated GDP" has effectively highlighted the two key facts: GDP is significantly understated in Pakistan; in India, however, the GDP is overstated.

Published 03 Feb, 2020 12:00am

Pakistan to resume China flights today

The direct flight operation between China and Pakistan would resume from Monday after being temporarily suspended for a few days, a spokesman for the Aviation Division said on Sunday. He, in a brief statement here, said Pakistan had decided to resume the

Published 03 Feb, 2020 12:00am

Coronavirus: China providing best medical facilities to Pakistanis: envoy

China's Ambassador to Pakistan, Yao Jing has said that after spread of coronavirus in China, the Chinese government is caring Pakistanis in China more than the Chinese and providing them best medical and other facilities.

Published 03 Feb, 2020 12:00am

Police shoot man dead after London stabbing incident

British police on Sunday shot dead a man in London wearing a "hoax device" and suspected of stabbing two people, leaving one of them with life-threatening injuries, in an "Islamist-related" terrorist incident.

Published 03 Feb, 2020 12:00am

Shabbar being replaced by Memon?

The name of Ahmed Mujtaba Memon, a man who reportedly has the confidence of Adviser to the Prime Minister on Finance Hafeez Sheikh, is making the rounds at the Finance Ministry and the Federal Board of Revenue (FBR) for the slot of chairman FBR after Shab

Published 03 Feb, 2020 12:00am

Mortar fired from Afghanistan kills seven in Bajur

A mortar shell fired from Afghanistan hit a house in a border village in northwest Pakistan Sunday, killing seven people who were members of the same family, officials said. "The mortar fired from Afghanistan hit the house of local villager Fazal Ghani. H

Published 03 Feb, 2020 12:00am

PM leaves for Malaysia today

Prime Minister Imran Khan on the invitation of his Malaysian counterpart Prime Minister Mahathir Mohamad will depart for Malaysia today (Monday) on two days visit,3-4 February 2020 - according to a press release issued by the Prime Minister Office on Sund

Published 03 Feb, 2020 12:00am

Action against customs officials ordered

A wide scale sweeping action against high ranking customs officials found involved in smuggling of valued goods and causing billions of rupees losses to the national kitty is underway on the direction of Prime Minister Imran Khan.

Published 03 Feb, 2020 12:00am

Japan destroyer heads to Middle East

Japan sent a naval destroyer to the Middle East on Sunday for a rare overseas mission to ensure the safety of its ships amid lingering tension between Iran and the US. The vessel left the Yokosuka naval base, south of Tokyo, for an information gathering m

Published 03 Feb, 2020 12:00am

Cottonseed oil cake to be exempted from 5 percent GST

The government has decided to exempt cottonseed oil cake from 5 percent General Sales Tax (GST) after taking International Monetary Fund (IMF) on board, sources in Finance Division told Business Recorder.

Published 03 Feb, 2020 12:00am

Money & Banking

Steady trend

Comfortable supply of dollars, supported the rupee to held it's present levels against the US currency during the week, ended on Feb 03, 2020. The rupee gained slightly versus the dollar for buying and selling at Rs 154.49 and Rs 154.50.

Published 03 Feb, 2020 12:00am

Total debt, liabilities: Government enumerates reasons behind increase

Finance Division has stated that the increase in total debt and liabilities by Rs 11.61 trillion was due to finance the budget deficit, depreciation of exchange rate as well and State Bank of Pakistan (SBP) foreign exchange liabilities and borrowing by PS

Published 03 Feb, 2020 12:00am

IMF talks for third tranche begin today

The International Monetary Fund (IMF) would start today (Monday) discussions with Pakistan authorities over its second quarterly review of the US $6 billion Extended Fund Facility (EFF) amid revenue shortfall and power sector reforms challenge.

Published 03 Feb, 2020 12:00am

Stocks

Bears rule the roost on PSX

Bears dominated during the outgoing week ended on January 31, 2020 and Pakistan Stock Exchange ended in deep red zone due to heavy selling in almost all sectors. BRIndex100 lost 128.4 points or week-on-week basis to close at 4,357.07 points. Average daily

Published 03 Feb, 2020 12:00am

Stocks

Futures spread up by 325 basis points

The futures spread increased by 325bps to 14.15 percent on the last day of the outgoing week. Trading activities on the futures counter improved as average daily volumes increased by 141.6 percent to 158.74 million shares as compared to previous week's av

Published 03 Feb, 2020 12:00am

China's economy hit by coronavirus

China ramped up measures to contain the coronavirus epidemic and shore up an economy hit by travel curbs and business shut-downs on Sunday as the first death from the illness was reported outside the country. A 44-year-old Chinese man from the city of Wuh

Published 03 Feb, 2020 12:00am

Pakistan now capable of diagnosing coronavirus: Dr Zafar

Special Assistant to the Prime Minister on National Health Services Dr Zafar Mirza said that Pakistan has now the capability of diagnosing coronavirus in country. Zafar Mirza went to twitter and tweeted "Alhamdolilah, as of today we have now capability of

Published 03 Feb, 2020 12:00am

No Palestinian recognition if peace plan goals unmet: Trump aide

US presidential advisor Jared Kushner said on Sunday that if Palestinians are unable to meet the conditions of the new Middle East peace plan he crafted, Israel should not take "the risk to recognize them as a state." The plan laid out by Kushner, Preside

Published 03 Feb, 2020 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 25	281.17
USD PKR Interbank Buying / Apr 25	280.97
USD to Japanese Yen / Apr 25	143.67
USD to Swiss Franc / Apr 25	0.83
Pound Sterling to USD / Apr 25	1.33
Euro to USD / Apr 25	1.14
UK LIBOR % / Apr 24	4.96

Stock	Volume
S&P 500 / Apr 25	5,525.21
India Sensex / Apr 25	79,212.53
Tokyo Nikkei / Apr 25	35,705.74
Nasdaq / Apr 25	17,382.94
Hang Seng / Apr 25	21,980.74
FTSE 100 / Apr 25	8,415.25
Dow Jones / Apr 25	40,113.50
Germany DAX 30 / Apr 25	22,242.45
France CAC40 / Apr 25	7,536.26

Item	Value
Crude Oil USD/Barrel / Apr 25	63.17
Karachi Cotton PKR/37.32 KG / Apr 25	16,985
Gold 10 Grams PKR / Apr 25	298,950
Gold Spot USD/Ounce / Apr 25	3,327.60
Cotton US¢/pound / Apr 25	68.80
Petrol/Litre / Apr 27	254.63
Diesel/Litre / Apr 27	258.64

Gainers
Losers
Leaders

Stock	Price
First Capital Equities / Apr 25 First Capital Equities Limited(FCEL)	4.92 ▲ 0.96 (24.24%)
PICIC Ins.Ltd. / Apr 25 PICIC Insurance Limited(PIL)	3.14 ▲ 0.5 (18.94%)
Dewan Mushtaq / Apr 25 Dewan Mushtaq Textile Mills Limited(DMTM)	7.99 ▲ 1 (14.31%)
Pak. P.V.C. / Apr 25 Pakistan PVC Limited(PPVC)	8.26 ▲ 1 (13.77%)
J.K.Spinning / Apr 25 J.K. Spinning Mills Limited(JKSM)	61.90 ▲ 5.63 (10.01%)
At-Tahur Ltd. / Apr 25 At-Tahur Limited(PREMA)	86.74 ▲ 7.89 (10.01%)
Shezan Inter. / Apr 25 Shezan International Limited(SHEZ)	203.03 ▲ 18.46 (10%)
Sunrays Textile / Apr 25 Sunrays Textile Mills Limited(SUTM)	156.38 ▲ 14.22 (10%)
PIA Holding Co.B / Apr 25 PIA Holding Company Limited B(PIAHCLB)	3,282.29 ▲ 298.39 (10%)
S.S.Oil / Apr 25 S.S.Oil Mills Limited(SSOM)	357.05 ▲ 32.46 (10%)

Stock	Price
Engro Powergen / Apr 25 Engro Powergen Qadirpur Limited(EPQL)	28.71 ▼ -10.13 (-26.08%)
Ghani Chemworld / Apr 25 Ghani Chemworld Limited(GCWL)	8 ▼ -1 (-11.11%)
Samba Bank / Apr 25 Samba Bank Limited(SBL)	8.01 ▼ -0.99 (-11%)
Arpak Int. / Apr 25 Arpak International Investments Ltd.(ARPAK)	56.66 ▼ -6.29 (-9.99%)
Blue-Ex Ltd / Apr 25 Blue-Ex Limited (GEM)(GEMBLUEX)	47.38 ▼ -5.26 (-9.99%)
Saif Power Ltd. / Apr 25 Saif Power Limited(SPWL)	12.31 ▼ -1.3 (-9.55%)
Shaheen Ins. / Apr 25 Shaheen Insurance Company Limited(SHNI)	5.25 ▼ -0.46 (-8.06%)
Equity Modaraba / Apr 25 First Equity Modaraba(FEM)	2.75 ▼ -0.24 (-8.03%)
GlaxoSmithKline / Apr 25 GlaxoSmithKline Pakistan Limited(GLAXO)	409.57 ▼ -34.89 (-7.85%)
AKD Hospitality / Apr 25 AKD Hospitality Limited(AKDHL)	136.65 ▼ -10.81 (-7.33%)

Stock	Volume
WorldCall Telecom / Apr 25 Worldcall Telecom Limited(WTL)	22,789,497 ▼ -0.02
Power Cement / Apr 25 Power Cement Limited(POWER)	21,965,614 ▼ -0.17
Sui South Gas / Apr 25 Sui Southern Gas Company Limited(SSGC)	21,567,163 ▼ -0.56
B.O.Punjab / Apr 25 The Bank of Punjab(BOP)	19,825,526 ▼ -0.08
K-Electric Ltd. / Apr 25 K-Electric Limited(KEL)	17,030,953 ▼ -0.04
Aisha Steel Mill / Apr 25 Aisha Steel Mills Limited(ASL)	16,751,796 ▲ 0.59
Cnergyico PK / Apr 25 Cnergyico PK Limited(CNERGY)	16,717,262 ▼ -0.17
Pak Int.Bulk / Apr 25 Pakistan International Bulk Terminal(PIBTL)	16,382,803 ▲ 0.14
Sui North Gas / Apr 25 Sui Northern Gas Pipelines Limited(SNGP)	13,338,455 ▲ 0.33
Secure Logistics / Apr 25 Secure Logistics Group Limited(SLGL)	12,723,116 ▲ 1.13

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