News Archives for Print - 2020-02-06

Print - 2020-02-06

Trump plan for Mideast will die before he does: Iran leader

Iran's supreme leader Ayatollah Ali Khamenei predicted Wednesday that Donald Trump would outlive the US president's controversial proposals for Israeli-Palestinian peace. "This plan will certainly not work and it will die before Trump," Khamenei told a ga

Published 06 Feb, 2020 12:00am

India police 'harassing' students over sedition probe: rights groups

Indian police are "harassing" primary school students by repeatedly questioning them after their school was charged with sedition over a play allegedly criticising the government's contentious citizenship law, rights groups said Wednesday.

Published 06 Feb, 2020 12:00am

UN safeguards international law in Mideast: Guterres

Secretary-General Antonio Guterres on Tuesday emphasized the UN's role as the guardian of international law in the Israeli-Palestinian conflict, days before US President Donald Trump's son-in-law is to present a new Mideast plan to the Security Council.

Published 06 Feb, 2020 12:00am

Shabbar to resume duties: FBR

The Federal Board of Revenue (FBR) Wednesday clarified that the office of the Chairman FBR is not vacant and Shabbar Zaidi will assume the charge of the post of the Chairman FBR as soon as he gets medically fit.

Published 06 Feb, 2020 12:00am

27 percent increase YoY: July-January domestic collection stands at Rs 1.34 trillion

The Federal Board of Revenue's domestic tax collection stood at Rs 1,341 billion during Jul-Jan (2019-20) against Rs 1,066 billion in the corresponding period of last fiscal year, reflecting an increase of 27 percent.

Published 06 Feb, 2020 12:00am

China virus hits cruise ships, carmakers, airlines and Airbus

Thousands of passengers and crew on two cruise ships in Asian waters were placed in quarantine for China's coronavirus on Wednesday as airlines, car manufacturers and other global companies counted the cost of the fast-spreading outbreak.

Published 06 Feb, 2020 12:00am

WHO issues appeal for $675 million

The World Health Organization on Wednesday called for $675 million (613 million euros) in donations for a plan to fight the novel coronavirus, mainly through investment in countries considered particularly "at risk".

Published 06 Feb, 2020 12:00am

Five Pakistani students diagnosed with coronavirus

Five Pakistani students have been diagnosed with coronavirus in China, Chinese Ambassador to Pakistan Yao Jing confirmed on Wednesday. "There are not four... five have been confirmed," the Chinese ambassador told Independent Urdu. He, however, clarified t

Published 06 Feb, 2020 12:00am

Wheat flour crisis: Key factors ignored by JIT

The Joint Investigation Team (JIT) headed by Director General FIA, Wajid Zia is said to have ignored key factors and the role of flour mills mafia behind wheat flour crisis sourced to the office of Director Food Punjab. This was claimed in a letter which

Published 06 Feb, 2020 12:00am

Plane breaks into three after skidding off Istanbul runway

A plane carrying 177 people skidded off the runway at an Istanbul airport, caught fire and split into three after landing in rough weather on Wednesday. Officials said that no-one had lost their lives in the spectacular accident, but 120 people were injur

Published 06 Feb, 2020 12:00am

Investment under CPEC: KHCL still struggling for resolution of issues with AJ&K government

Kohala Hydro Company Limited (KHCL) is still struggling for resolution of outstanding issues with the government of Azad Jammu and Kashmir (AJ&K) to keep investment on track under CPEC, well-informed sources told Business Recorder.

Published 06 Feb, 2020 12:00am

COAS reiterates unwavering support for Kashmiris

Chief of the Army Staff (COAS) General Qamar Javed Bajwa has lauded the just struggle of the people of India-occupied Kashmir for their freedom and right to self-determination on Kashmir Day observed across Pakistan on Wednesday.

Published 06 Feb, 2020 12:00am

Modi's August 5 actions will lead to Kashmir's independence: PM

Prime Minister Imran Khan Wednesday said Indian premier Narendra Modi had committed a 'fatal blunder' with his illegal and unilateral steps over the internationally recognized Kashmir dispute, which would ultimately pave the way for freedom of Indian Occu

Published 06 Feb, 2020 12:00am

Trump renews vow to withdraw from Afghanistan

US President Donald Trump on Tuesday renewed his vow to negotiate a troop withdrawal from Afghanistan, saying he had no desire to kill "hundreds of thousands" in unending fighting. In one of his few foreign-policy points in a highly partisan State of the

Published 06 Feb, 2020 12:00am

Polio virus: Government taking steps to regulate movement on Afghan border: PM

Prime Minister Imran Khan Wednesday said the government was taking special measures to regulate the movement from Pakistan-Afghanistan border in order to contain the spread of polio virus. In a meeting with a high-level delegation of Rotary International

Published 06 Feb, 2020 12:00am

HSBC to axe senior managers in strategy shift

HSBC is set to unveil a new round of job cuts targeting senior international managers and reduce its presence in some smaller markets as part of a wider strategy overhaul, people with knowledge of the matter told Reuters.

Published 06 Feb, 2020 12:00am

ST regime: FBR examining proposals to bring about changes

The Federal Board of Revenue (FBR) is examining different proposals to bring legal and technical changes in the sales tax regime to generate additional revenue in remaining period of 2019-20.

Published 06 Feb, 2020 12:00am

Russia boosts oil supply to India

Russian oil giant Rosneft on Wednesday announced a deal to supply up to two million tonnes of oil to India this year, adding that Delhi planned to invest in its Arctic projects.

Published 06 Feb, 2020 12:00am

FBR explains legality of Benami rules 2019

Federal Board of Revenue Wednesday explained that Benami Transactions (Prohibition) Rules, 2019 under Benami Transactions (Prohibition), Act, 2017 were notified through SRO 326(l)/2019 dated 11th March, 2019 by Dr Hamid Ateeq Sarwar, Additional Secretary

Published 06 Feb, 2020 12:00am

Dubai airport reports first dip in passenger numbers in 20 years

The number of travellers passing through Dubai International airport dipped last year for the first time in 20 years but the airport remained the world's busiest for international passengers, authorities said on Wednesday.

Published 06 Feb, 2020 12:00am

Senate acquits Trump of abuse of power

The US Senate on Wednesday acquitted Donald Trump of abuse of power in his historic impeachment trial, the first of two charges brought against the Republican president that forced senators to vote on whether to remove him from office.

Published 06 Feb, 2020 12:00am

India aims to double defence exports in 5 years amid resource crunch

India wants to double defence exports over the next five years, Prime Minister Narendra Modi said on Wednesday, as the country seeks to cut its import bill amid a funding crunch that has forced successive governments to go slow on new orders.

Published 06 Feb, 2020 12:00am

Avalanches kill nearly 40 in eastern Turkey

At least 33 people were killed in eastern Turkey Wednesday by a second avalanche which buried a team of rescuers searching for people hit by the first the day before. The bodies of 33 rescue workers and civilians were discovered in Van province, where the

Published 06 Feb, 2020 12:00am

Nawaz's treatment delayed due to Maryam's absence: Shahbaz

Pakistan Muslim League-Nawaz (PML-N) president Shahbaz Sharif said Wednesday that the schedule for PML-N supremo Nawaz Sharif's procedure had been changed twice on account of absence of his daughter Maryam Nawaz in London.

Published 06 Feb, 2020 12:00am

Letters

Where are David Miliband, others?

'Hindu radical fires at anti-BJP government protesters': It was a breaking news on India's multiple TV channels on Saturday. A Hindu nationalist opened fire at an anti-government protest in India's capital on Saturday, just days after an armed teenager sh

Published 06 Feb, 2020 12:00am

Articles

China's stuttering economy braces for impact of deadly virus

China's struggle to contain the deadly coronavirus is deepening concerns about the impact on the world's number-two economy, as factories stay closed and millions of consumers remain holed up at home. The epidemic, which has killed hundreds and infected m

Published 06 Feb, 2020 12:00am

Articles

Why exporters need more help?

An amalgam of economic distortions, inefficiencies and illogically inflated tariffs is resulting in immense pressure for the export-oriented sectors in Pakistan to remain competitive, and this by default will have grave consequences for our future. It sho

Published 06 Feb, 2020 12:00am

Articles

Alice in Cuckoo Land

Alice Wells is a professional diplomat, trained in the art of nuances. One would imagine the power she represents allows her to speak softly, without having to show the stick. Blustering Trump is no Theodore Roosevelt. His weapon of choice is brashness, n

Published 06 Feb, 2020 12:00am

Show of support for Kashmiri people

February 5 was observed, like for the past several years, as the Kashmir Solidarity Day all across Pakistan and Azad Jammu & Kashmir. Perhaps the Kashmiri people have never needed such support more than they do at present. This year, the date marked six m

Updated 06 Feb, 2020 06:00am

IMF programme needs tweaking

The 6 billion dollar 39-month front-loaded International Monetary Fund (IMF) programme has achieved stabilisation defined narrowly as reducing the current account deficit and strengthening of foreign exchange reserves though it has failed to achieve other

Updated 06 Feb, 2020 06:05am

Minister commends efforts of Shifa International Hospital

Around 9.6 million people die each year worldwide from cancer, more deaths than those caused by HIV/ AIDS, malaria and tuberculosis combined. If we do not act; World Health Organisation experts project cancer deaths to rise to 13 million by 2030.

Published 06 Feb, 2020 12:00am

Usage of seized cocaine & drugs for making medicines: Afridi stands by his statement

State Minister Shehryar Afridi on Wednesday stood by his statement regarding usage of cocaine and other drugs for manufacturing medicines, saying that all developed countries follow this practice.

Published 06 Feb, 2020 12:00am

Iranian envoy rules out any talks with US

Iran's Ambassador to Pakistan Mohammad Ali Hosseini rules out any talks with the US due to ongoing economic and state terrorism against the brave nation of Iran. Mohammad Ali Hosseini made the remarks as a keynote speaker at seminar on "41st Anniversary o

Published 06 Feb, 2020 12:00am

Firdous addresses rally taken out by women

Special Assistant to the Prime Minister on Information and Broadcasting Dr Firdous Ashiq Awan Wednesday said the Pakistani women from all walks of life organised a rally in Islamabad to express solidarity with their brave sisters and children of the India

Published 06 Feb, 2020 12:00am

KC-EU holds candlelight vigil in Belgian capital

The Kashmir Council-European Union (KC-EU) on Wednesday organised a candlelight vigil in the Belgian capital in order to express solidarity with oppressed people of occupied Kashmir.

Published 06 Feb, 2020 12:00am

Support to Kashmiris AJK PM expresses gratitude

Azad Jammu and Kashmir (AJK) Prime Minister Raja Farooq Haider Khan on Wednesday expressed profound gratitude to Pakistani nation and government for extending unwavering support to the oppressed Kashmiris by observing "Solidarity Day" in befitting manners

Published 06 Feb, 2020 12:00am

Kasuri for 'strategic' communication on Kashmir issue

Former foreign minister of Pakistan Khurshid Mehmood Kasuri said on Wednesday that role of General Assembly has not been effective. Security Council is more powerful. There is a need of strategic communication on Kashmir issue.

Published 06 Feb, 2020 12:00am

Qureshi describes Modi's August 5 actions as attack on identity of Kashmiris people

Minister for Foreign Affairs Shah Mahmood Qureshi Wednesday said that every passing second on the curfew clock depicting the lock down in the Indian Occupied Jammu and Kashmir since August 5 last was a burden on the world's collective conscience.

Published 06 Feb, 2020 12:00am

Minister of state for climate change boycotts function at Presidency

Zartaj Gul was known - among masses - a very ordinary woman. She was trumpeted an emerging face of grassroots women leadership by Pakistan Tehreek-e-Insaf (PTI). Both allergic and fed up of feudal lords who ruled the area for several decades, the innocent

Published 06 Feb, 2020 12:00am

Kashmir Day: Politicians, students, others form human chains to express support for greater cause

The politicians, civil society, students and people belonging to all walks of life came out in droves on streets in twin cities of Rawalpindi and Islamabad and participated in rallies and make human chains on the occasion of Kashmir Solidarity Day observe

Published 06 Feb, 2020 12:00am

Over 2,000 cops deployed across Lahore

The Punjab police deployed over 2,000 police personnel in the provincial capital to ensure foolproof security during the Kashmir Day on Wednesday.

Published 06 Feb, 2020 12:00am

Business & Economy

FCCI's JAC satisfied with results of protest movement

Joint Action Committee (JAC) of the Business Community of Faisalabad has expressed satisfaction over the results of their protest movement against increase in energy prices, withdrawal of zero rating facility, imposing 17 percent sales tax and mandatory p

Published 06 Feb, 2020 12:00am

'Kashmir Solidarity Day' marked in Lahore, other cities

Kashmir Solidarity Day was observed on Wednesday with a renewed pledge to continue extending wholehearted support to the just struggle of Kashmiri people for their inalienable right to self-determination under United Nations resolutions, amid slogan of "K

Published 06 Feb, 2020 12:00am

Governments criticised for failing to deal with locust challenge

Expressing extreme dismay over the failure of the federal and provincial governments to control locust swarm, Farmers Bureau of Pakistan (FBP) has demanded the resignation of Federal Minister for Food Security and Provincial Agriculture Ministers especial

Published 06 Feb, 2020 12:00am

PIAF condemns lockdown of IOK

The Pakistan Industrial and Traders Associations Front (PIAF) has strongly condemned the lockdown of occupied Kashmir by India, which has entered the 185th day on February05, 2020.

Published 06 Feb, 2020 12:00am

Agriculture department & EPD take out rallies

Departments of the Agriculture and Environment Protection Department (EPD) separately took out rallies in the provincial metropolis on Wednesday to express solidarity with the Kashmiri brethren and to raise voice for their right of self-determination.

Published 06 Feb, 2020 12:00am

Traffic movement suspended on highways

Traffic halted at different city roads and highways for expressing the solidarity with Kashmiri brothers and people came out from their workplaces, offices, trade bodies, factories and commercial centres for solidarity on Wednesday morning.

Published 06 Feb, 2020 12:00am

'Kashmir is Pakistan and Pakistan is Kashmir': Sarwar

Punjab Governor Chaudhry Mohammad Sarwar said on Wednesday that Kashmir issue should be settled in accordance with United Nations resolutions and no other solution will be acceptable and also rejected US President Donald Trump's formula for resolving Pale

Published 06 Feb, 2020 12:00am

Traffic laws: NKATI launches three-day awareness drive

North Karachi Association of Trade and Industry (NKATI) has launched a three-day awareness campaign for the workers of industrial area to comply with traffic laws, which will continue from (today) February 6 to February 8, 2020.

Published 06 Feb, 2020 12:00am

PPP will always fight for Kashmiris: Bilawal

Like other parts of the country, the Kashmir Solidarity Day was observed in Karachi with renewed commitment to continue unwavering support to the Kashmiris fighting for their right to self determination.

Published 06 Feb, 2020 12:00am

Business & Economy

KCCI chief underscores need for exploring tourism potential

President Karachi Chamber of Commerce & Industry (KCCI) Agha Shahab Ahmed Khan was of the opinion that this was right time that the decision makers and authorities in Islamabad must devise effective strategies on top priority to highlight the trade and in

Published 06 Feb, 2020 12:00am

Sindh CM describes Modi as 'butcher of Gujarat'

Sindh Chief Minister Syed Murad Ali Shah Wednesday said the 'butcher of Gujarat' has unleashed genocide in occupied Kashmir, therefore a case of war crime should be filed against in him in the International Court of Justice.

Published 06 Feb, 2020 12:00am

Cotton & Textile

Bed-wear textiles posts 3.16 percent export growth

Pakistan's bed-wear textiles posted 3.16 percent export growth to $1.197 billion during July-Dec 2019-20, official figures say. Increase in home textiles export stands at $36.703 million in July-Dec 2019-20 from $1.161 billion in July-Dec 2018-19, Pakista

Published 06 Feb, 2020 12:00am

Telecommunication

PTA clarification

Apropos a news item titled "Imported Cellphones: Experts Underscore Need for Revision of Tax Slabs" which was published in Business Recorder on 4th February 2020, it is clarified that the news item presents a skewed and incorrect image of the Devic

Published 06 Feb, 2020 12:00am

Sindh government supports Kashmiris' struggle for independence: minister

The Provincial minister for Human Settlements and Special Development Ghulam Murtaza Baloch has said that the Sindh government and the people are standing with their Kashmiri brothers in the cause of independence and strongly condemn the Indian army's opp

Published 06 Feb, 2020 12:00am

JI forms massive human chain to express solidarity with Kashmiris

Jamaat-e-Islami (JI) Karachi formed a 20 kilometers long human chain at Shahrah-e-Faisal to express solidarity with the people of occupied Jammu and Kashmir.

Published 06 Feb, 2020 12:00am

'Kashmir Solidarity Day' marked at SU

A gigantic rally led by VC SU Prof Dr Fateh Muhammad Burfat, pro vice chancellors, focal persons, deans, academic and administrative heads, faculty, officers, employees and students marked Kashmir Solidarity Day in a monumental manner at SU main campus at

Published 06 Feb, 2020 12:00am

Articles

Partly Facetious : That reminds me of MPS

"I would sincerely request Prime Minister Khan to become my ambassador."

Published 06 Feb, 2020 12:00am

Pakistan embassy in Tehran marks 'Kashmir Solidarity Day'

The Embassy of Pakistan, Tehran arranged a ceremony on Wednesday in Tehran to observe solidarity with the innocent Kashmiris of the Indian Occupied Kashmir who were subjected to worst kind of brutalities by Indian forces and denied their right to self-det

Published 06 Feb, 2020 12:00am

Energy

Oil prices jump 2 percent as virus vaccine reports spur hope

Oil prices jumped about 2% on Wednesday on media reports that suggested scientists were developing a vaccine for the fast-spreading coronavirus, even as world health experts said treatments have not yet been found.

Published 06 Feb, 2020 12:00am

Energy

Ogra clarification

The Oil and Gas Regulatory Authority (Ogra) clarified on Wednesday that the incumbent Member Gas advised streamlining the regulatory framework to pave the way for bringing all LPG bowers into regulatory network.

Published 06 Feb, 2020 12:00am

Sugarcane sowing modern technology introduced in KP

Secretary Agriculture, Khyber Pakhtunkhwa Israrullah Khan has said that a modern technology for the sowing of sugarcane has been introduced that will not only save time but will also improve the life standard of farmers.

Published 06 Feb, 2020 12:00am

Business & Economy

FPCCI urges government not to increase gas tariffs

President Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Mian Anjum Nisar has urged the government to withdraw the proposal of increase in gas tariff otherwise; industry will start closing down which will ultimately result in unemployme

Published 06 Feb, 2020 12:00am

Foreign currency & gold: Intelligence-based operations to be conducted to combat smuggling

All intelligence/law enforcement agencies including customs would conduct intelligence-based operations to check smuggling of huge currency and gold cases at land border stations, airports and Pak-Afghan border following information received by Border Tas

Published 06 Feb, 2020 12:00am

Brief Recordings

Macpac Films Limited

Macpac Films Limited (PSX: MACFL) was established in 1993 and began production two years later in 1995. It operates in the plastic packaging industry; the company's product portfolio constitutes plain films used for lamination, bag-making etc,; heat-seala

Updated 06 Feb, 2020 05:21am

Kenya leader warns against US, China rivalry in Africa

Kenya's president said Wednesday that African nations should be free to cooperate with both the United States and China, warning that foreign powers were exacerbating the continent's divisions.

Published 06 Feb, 2020 12:00am

Sudan army agrees Burhan-Netanyahu meeting will boost security

Sudan's military announced Wednesday it backed a surprise meeting held between the country's leader and Israel's premier in Uganda this week, saying the opening would help boost national security.

Published 06 Feb, 2020 12:00am

US tests ICBM as it works to overhaul aging weaponry

The United States on Wednesday tested an unarmed Minuteman III intercontinental ballistic missile with a new kind of re-entry vehicle as it seeks to modernize aging surface-to-air weapons.

Published 06 Feb, 2020 12:00am

Venezuela government blasts Trump's 'violent threats'

Venezuela's government on Wednesday accused US President Donald Trump of "violent threats" after he said socialist leader Nicolas Maduro's regime would be "smashed and broken" during his annual address to Congress.

Published 06 Feb, 2020 12:00am

EU tightens entry process for Balkan countries

The European Commission proposed a tougher and more political admissions process for new member states Wednesday, in a concession to France which could revive membership hopes for Albania and North Macedonia.

Published 06 Feb, 2020 12:00am

IT & Computers

CERN physics lab drops Facebook over data concerns

Europe's physics lab CERN on Wednesday said it had stopped using a Facebook team-chat application because of concerns about handing over data to the US tech giant.

Published 06 Feb, 2020 12:00am

IT & Computers

Google says glitch sent people's videos to strangers

Google on Tuesday said that a software glitch resulted in some Photo app smartphone videos being given to the wrong people. Google was notifying those who may have been affected. "We are very sorry this happened," Google said in reply to an AFP inquiry.

Published 06 Feb, 2020 12:00am

Money & Banking

World Bank chief economist announces resignation

World Bank chief economist Pinelopi Koujianou Goldberg on Wednesday announced she will be leaving the institution, according to a letter sent to colleagues and obtained by AFP.

Published 06 Feb, 2020 12:00am

Global Business Economy

Record year for Morocco tourism with 13 million visitors

A record 13 million tourists visited Morocco in 2019, up 5.2 percent from the previous year, official figures showed Wednesday. The number includes Moroccans from the diaspora, who account for around half of visitors annually.

Published 06 Feb, 2020 12:00am

Tim the Elephant, one of Africa's last 'giant tuskers', dies

Big Tim, a beloved elephant who was one of Africa's last giant "tuskers", has died, the Kenya Wildlife Service (KWS) said on Wednesday.

Published 06 Feb, 2020 12:00am

Romania government falls after three months

Romania's pro-European government collapsed in a parliamentary no-confidence vote on Wednesday after only three months in office, bringing the EU member closer to early elections.

Published 06 Feb, 2020 12:00am

First Palestinian killed in protests against Trump peace plan

A Palestinian teenager was shot dead by Israeli troops on Wednesday in the West Bank city of Hebron, the first Palestinian killed in protests against US President Donald Trump's Middle East peace plan.

Published 06 Feb, 2020 12:00am

Erdogan warns Syria to back off from Turkish outposts

Ankara demanded on Wednesday that Damascus pull back from Turkish-manned posts in Syria's last rebel enclave, after deadly clashes this week triggered plans for emergency UN talks.

Published 06 Feb, 2020 12:00am

Money & Banking

Sterling falls against dollar

The pound fell nearly 0.5% to below $1.30 on Wednesday, pushed down by a stronger dollar following better-than-expected US jobs data. US private-sector payrolls surprised analysts and rose 291,000 in January, much more than the 156,000 new jobs expected,

Published 06 Feb, 2020 12:00am

Money & Banking

Dollar rises against yen in Asia

The dollar held gains against the safe-haven yen on Wednesday as China's response to the coronavirus outbreak raised hopes it could be contained, even as the death toll rose sharply.

Published 06 Feb, 2020 12:00am

Money & Banking

Early trade in New York: Dollar gains against yen, Swiss franc

The dollar gained against the safe-haven yen and Swiss franc on Wednesday, as risk appetite rose on reports of a possible treatment for the new coronavirus out of China that has gripped the world and caused major disruptions among global businesses.

Published 06 Feb, 2020 12:00am

Money & Banking

Aussie, Norwegian crown jump in Europe

The Australian dollar hopped half a percent higher on Wednesday and the Norwegian crown advanced, as reports of medical breakthroughs in the fight against the new coronavirus boosted growth-linked currencies. Media reported that a Chinese university had f

Published 06 Feb, 2020 12:00am

Money & Banking

Aussie, kiwi steady

The Australian dollar got a helping hand on Wednesday while bonds took a beating as the country's top central banker said there were risks to cutting rates again, forcing markets to scale back wagers on an easing anytime soon.

Published 06 Feb, 2020 12:00am

Money & Banking

Most Asian currencies fall

The Singapore dollar skidded to a near four-month low on Wednesday, leading losses among Asian currencies as markets increasingly priced in chances of rate cuts by central banks in the region to limit an economic hit from a virus outbreak.

Published 06 Feb, 2020 12:00am

Stocks

China stocks rise on policy hopes; start-ups lead

China stocks climbed on Wednesday as investors bet on further policy support from Beijing to offset the impact of a fast-spreading new coronavirus, with start-ups leading the gains. At the close, the Shanghai Composite index was up 1.3% at 2,818.09, movin

Published 06 Feb, 2020 12:00am

Stocks

European shares climb

A clutch of upbeat earnings and reports of progress in treatment for the fast-spreading coronavirus helped to push European shares towards record highs on Wednesday. Drugmaker Novo Nordisk rose 4.6% and industrial company Valmet and chipmaker Infineon bot

Published 06 Feb, 2020 12:00am

Stocks

Coronavirus vaccine hopes guide UK stocks up

UK shares got a shot in the arm on Wednesday after media reports that scientists had developed a drug against the China-linked coronavirus, though Imperial Brands and GlaxoSmithKline missed out after downbeat financial updates. The FTSE 100 overturned ear

Published 06 Feb, 2020 12:00am

Stocks

Tokyo stocks move up

Japanese shares rose on Wednesday as a Wall Street rally and weaker yen boosted investor sentiment, although worries over the fast-spreading coronavirus outbreak capped gains. The benchmark Nikkei average rose 1% to 23,319.56, while the broader Topix also

Published 06 Feb, 2020 12:00am

Stocks

Major Gulf markets steady

Major Gulf stock markets were steady in quiet trade on Wednesday, while oil giant Saudi Aramco extended losses and hit its lowest mark since it began trading. Saudi Arabia's benchmark index declined 0.5% with Samba Financial Group shedding 2.3%, and shopp

Published 06 Feb, 2020 12:00am

Stocks

Wednesday's early trade: Wall Street rises for third straight day

Wall Street rallied for a third straight day on Wednesday after a clutch of positive data painted a stronger picture of the US economy but the Nasdaq pulled back from record levels as losses in Tesla shares weighed.

Published 06 Feb, 2020 12:00am

Global Business Economy

GSK to lay off 720 workers in Belgium

British pharmaceutical giant GSK plans to cut up to 720 mainly senior jobs from its vaccine division in Belgium and not renew 215 temporary contracts, it said Wednesday.

Published 06 Feb, 2020 12:00am

Global Business Economy

Eurozone business activity started 2020 on more solid ground

Eurozone business activity accelerated last month, a survey showed on Wednesday, the latest piece of evidence to suggest the worst may be over for the bloc's economy.

Published 06 Feb, 2020 12:00am

Money & Banking

Danske Bank net profit rises but investors unimpressed

The biggest Danish bank, Danske Bank, posted Wednesday a one percent increase in annual net profit, but investors were not impressed and sold shares in the scandal-hit lender.

Published 06 Feb, 2020 12:00am

Global Business Economy

Spotify increases subscribers but widens net loss in 2019

Music streaming service Spotify reported Wednesday a bigger net loss in 2019, driven by aggressive investing, but said it had more active users and paying subscribers. At the end of 2019 Spotify's number of monthly active users had grown to 271 million, a

Published 06 Feb, 2020 12:00am

Global Business Economy

Turkmenistan to spend $1.5 billion on new city

Turkmenistan is to spend around $1.5 billion to build a new city whose construction will be overseen by the son of the isolated country's all-powerful leader.

Published 06 Feb, 2020 12:00am

Global Business Economy

Qatar Airways bids to acquire RwandaAir stake

Qatar Airways is negotiating to acquire 49 percent of RwandaAir, the national carrier of the central African nation, to cater for growing demand in Africa, its chief said Wednesday.

Published 06 Feb, 2020 12:00am

In Spain, poverty blights 1 in 4 families with children: study

More than a quarter of all families with children in Spain are living in poverty, with most of them in three-generation households, a Save the Children study showed Wednesday. Entitled "Families at Risk", the report was based on a detailed examination of

Published 06 Feb, 2020 12:00am

Cricket

Taylor-made victory as Black Caps down India

An unbeaten century from veteran batsman Ross Taylor powered New Zealand to a stunning four-wicket win over India in the first one-day international in Hamilton on Wednesday. The hosts completed the second highest run chase in their history to finish on 3

Published 06 Feb, 2020 12:00am

Cricket

PCB chief pays surprise visit to Arbab Niaz Stadium, inspects standard, facilities

Chairman Pakistan Cricket Board Ehsan Mani on Wednesday paid a surprise visit to Arbab Niaz Cricket Stadium and inspected the ongoing reconstructing work to make it according to international need with all facilities costing Rs 1.70billion.

Updated 06 Feb, 2020 11:21pm

Cricket

ICC confirms match officials for Rawalpindi Test

Former West Indian cricketer Richie Richardson is set to return to Pakistan as a match referee, to officiate the ICC World Test Championship fixture between Pakistan and Bangladesh, which commences on Friday (February 7), in Rawalpindi as the ICC confirme

Updated 06 Feb, 2020 11:21pm

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 15	277.70
USD PKR Interbank Buying / Nov 15	277.50
USD to Japanese Yen / Nov 15	154.30
USD to Swiss Franc / Nov 15	0.89
Pound Sterling to USD / Nov 15	1.26
Euro to USD / Nov 15	1.05

Stock	Volume
India Sensex / Nov 14	77,580.31
S&P 500 / Nov 15	5,870.62
Tokyo Nikkei / Nov 15	38,642.91
Nasdaq / Nov 15	18,680.12
Hang Seng / Nov 15	19,426.34
FTSE 100 / Nov 15	8,063.61
Dow Jones / Nov 15	43,444.99
Germany DAX 30 / Nov 15	19,210.81

Item	Value
Crude Oil USD/Barrel / Nov 15	67.02
Gold 10 Grams PKR / Nov 15	233,371.60
Gold Spot USD/Ounce / Nov 15	2,563.25
Cotton US¢/pound / Nov 15	68.91
Karachi Cotton PKR/37.32 KG / Nov 16	18,085
Petrol/Litre / Nov 18	248.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 18 786 Investments Limited(786)	6.33 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 18 Al-Abbas Sugar Mills Limited(AABS)	609.73 ▼ 0.00 (0.00%)
Agro Allianz / Nov 18 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 18 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 18 Ali Asghar Textile Mills Limited(AATM)	56.65 ▼ 0.00 (0.00%)
Allied Bank / Nov 18 Allied Bank Limited(ABL)	115.07 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 18 Abbott Laboratories (Pakistan) Limited(ABOT)	1,008.83 ▼ 0.00 (0.00%)
Abson Ind. / Nov 18 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 18 Alfalah Consumer Index ETF.(ACIETF)	12.43 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 18 786 Investments Limited(786)	6.33 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 18 Al-Abbas Sugar Mills Limited(AABS)	609.73 ▲ 0.00 (0.00%)
Agro Allianz / Nov 18 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 18 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 18 Ali Asghar Textile Mills Limited(AATM)	56.65 ▲ 0.00 (0.00%)
Allied Bank / Nov 18 Allied Bank Limited(ABL)	115.07 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 18 Abbott Laboratories (Pakistan) Limited(ABOT)	1,008.83 ▲ 0.00 (0.00%)
Abson Ind. / Nov 18 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 18 Alfalah Consumer Index ETF.(ACIETF)	12.43 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Nov 18 Worldcall Telecom Limited(WTL)	77,999,077 ▲ 0.00
Fauji Foods Ltd / Nov 18 Fauji Foods Limited(FFL)	70,721,702 ▲ 0.00
Hascol Petrol / Nov 18 Hascol Petroleum Limited(HASCOL)	55,501,231 ▲ 0.00
K-Electric Ltd. / Nov 18 K-Electric Limited(KEL)	36,884,955 ▲ 0.00
Sui South Gas / Nov 18 Sui Southern Gas Company Limited(SSGC)	36,294,630 ▲ 0.00
D.S. Ind. Ltd. / Nov 18 D.S. Industries Limited(DSIL)	32,226,742 ▲ 0.00
TRG Pak Ltd / Nov 18 TRG Pakistan Limited(TRG)	29,018,611 ▲ 0.00
Pak Int.Bulk / Nov 18 Pakistan International Bulk Terminal(PIBTL)	22,405,457 ▲ 0.00
Treet Battery / Nov 18 Treet Battery Limited(TBL)	21,319,898 ▲ 0.00

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