News Archives for Print - 2020-02-10

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Print - 2020-02-10

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (February 3 to 7, 2020).

Published 10 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 10 Feb, 2020 12:00am

The Weather

The weather report on Sunday (February 9, 2020) and the forecast for Monday (February 10, 2020).

Published 10 Feb, 2020 12:00am

Aaj TV - Monday's schedule

All timings are in PST (Pakistan Standard Time).

Published 10 Feb, 2020 12:00am

Cricket

Naseem youngest to record hat-trick as Bangladesh face defeat

Teenage paceman Naseem Shah became the youngest player to record a Test hat-trick as Pakistan closed in on victory against Bangladesh in Rawalpindi on Sunday. Just when Bangladesh seemed to have fought their way back into the match at 124-2, minutes befor

Published 10 Feb, 2020 12:00am

Other

Judo champion Riner loses after nine years undefeated

One of sport's longest winning runs came to an end on Sunday when two-time Olympic and serial judo world champion Teddy Riner was beaten for the first time in over nine years.

Published 10 Feb, 2020 12:00am

Other

Gary Russell keeps his WBC featherweight title

Garry Russell retained the WBC featherweight title in a bout against Mongolian Tugstsogt Nyambayar at Pennsylvannia's Allentown PPL Center on Saturday. It was a tough fight, but experience won out: the US champion successfully defended the title he has he

Published 10 Feb, 2020 12:00am

Cricket

England survive late collapse, square series

England survived a late collapse to square the series when they beat South Africa by two wickets in the third and final one-day international at the Wanderers Stadium on Sunday.

Published 10 Feb, 2020 12:00am

Cricket

Lara shines as cricket royalty raises money for bushfire relief

Brian Lara showed he still has what it takes with a stylish 30 not out as cricketing royalty helped raise money to aid Australian bushfire relief in a charity match Sunday. The West Indian legend stroked a series of lofted cover drives and straight drives

Published 10 Feb, 2020 12:00am

Football

West Brom extend Championship lead at Millwall

Championship leaders West Bromwich Albion made light of atrocious conditions to breeze past Millwall with a 2-0 win at The Den to move four points clear at the top of the table.

Published 10 Feb, 2020 12:00am

Other

Monfils bags first title in a year

Frenchman Gael Monfils won his first title in a year on Sunday after claiming the Montpellier ATP tournament with a 7-5, 6-3 straight sets victory over Canada's Vasek Pospisil. The popular 33-year-old, who is world number nine and was top seed at Montpell

Published 10 Feb, 2020 12:00am

Other

CM Punjab opens Kabbadi World Cup

Chief Minister Punjab Sardar Usman Buzdar inaugurated Kabbadi World Cup 2020 event at Punjab Stadium on Sunday. Chief Minister Usman Buzdar and Speaker Punjab Assembly Chaudhry Pervaiz Elahi administered oath from the players.

Published 10 Feb, 2020 12:00am

Cricket

Bangladesh beat India to win U-19 World Cup

Bangladesh captain Akbar Ali kept his calm to lead his team to a stunning three-wicket win over India in Potchefstroom to win the Under-19 World Cup for the first time. Chasing 178 to win, Bangladesh were struggling at 102 for six but Akbar, who finished

Published 10 Feb, 2020 12:00am

Other

Sevastova stuns Serena to keep Latvia alive in Fed Cup

Latvia's 41st-ranked Anastasija Sevastova handed Serena Williams a shock first Fed Cup singles loss Saturday to level the qualifying tie against the USA 2-2 in Seattle. Sevastova won 7-6 (7/5), 3-6, 7-6 (7/4) to end Williams' perfect Fed Cup record at 14

Published 10 Feb, 2020 12:00am

Telecommunication

Huawei promises 'Made in Europe' 5G for EU

Chinese telecom giant Huawei said on Tuesday it would set up manufacturing hubs in Europe, as it tries to fight off US pressure on EU nations to stop it from operating.

Published 10 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 10 Feb, 2020 12:00am

IT & Computers

Spotify increases subscribers but widens net loss in 2019

Music streaming service Spotify Wednesday reported 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 10 Feb, 2020 12:00am

IT & Computers

Child safety groups urge Facebook to halt encryption plans

More than 100 child protection organizations Thursday urged Facebook to halt plans for strong encryption of all its platforms, saying that would allow predators to operate freely. The social network is working to extend end-to-end encryption across its me

Published 10 Feb, 2020 12:00am

Global Business Economy

Autonomous delivery vehicle set to roll after getting US approval

Silicon Valley startup Nuro said Thursday it obtained US regulatory authority to operate a fully autonomous delivery vehicle and would begin testing it in Texas in the coming weeks. The California-based firm said it was the first company granted approval

Published 10 Feb, 2020 12:00am

China scientists identify pangolin as possible coronavirus host

The deadly coronavirus outbreak in China could have spread from bats to humans through the illegal traffic of pangolins, the world's only scaly mammals, which are prized in Asia for food and medicine, Chinese researchers said.

Published 10 Feb, 2020 12:00am

Permafrost collapse is speeding climate change: study

Permafrost in Canada, Alaska and Siberia is abruptly crumbling in ways that could release large stores of greenhouse gases more quickly than anticipated, researchers have warned. Scientists have long fretted that climate change - which has heated Arctic a

Published 10 Feb, 2020 12:00am

Multiple eco-crises could trigger 'systemic collapse': scientists

Overlapping environmental crises could tips the planet into "global systemic collapse," more than 200 top scientists warned on Wednesday. Climate change, extreme weather events from hurricanes to heatwaves, the decline of life-sustaining ecosystems, food

Published 10 Feb, 2020 12:00am

Last century's epidemics more deadly than today's

Before the emergence of the new coronavirus, which has sparked worldwide panic, other epidemics had struck earlier in the 21st century, but were less deadly than the previous century's pandemics.

Published 10 Feb, 2020 12:00am

Global Business Economy

Kia in talks over moving $1.1 billion plant to another Indian state

South Korea's Kia Motors is discussing with the Indian state of Tamil Nadu the possibility of moving a $1.1 billion plant out of neighbouring Andhra Pradesh only months after it fully opened, due to policy changes last year, sources close to the talks tol

Published 10 Feb, 2020 12:00am

Energy

Siemens Gamesa boosting risk management to fend off project delays: CEO

Wind turbine maker Siemens Gamesa is acting fast to manage risks on its projects around the world to avoid a repeat of the delays that dragged it to a loss at the beginning of this year, Chief Executive Marcus Tacke said on Tuesday.

Published 10 Feb, 2020 12:00am

Money & Banking

BNP Paribas cuts profitability outlook

BNP Paribas SA on Wednesday cut its target for profitability this year and warned revenue from its retail networks in Europe could decline moderately on low interest rates, although fourth-quarter earnings came in ahead of estimates.

Published 10 Feb, 2020 12:00am

Global Business Economy

Cathay Pacific asks all staff to take unpaid leave

Hong Kong's flagship carrier Cathay Pacific is asking its entire workforce to take up to three weeks of unpaid leave, its CEO announced on Wednesday, as the airline faces a crisis in the wake of the new coronavirus outbreak.

Published 10 Feb, 2020 12:00am

Global Business Economy

Panasonic posts Q1 profit in US battery business with Tesla

Panasonic Corp reported the first quarterly profit in its US battery business with Tesla Inc on Monday, after several years of production troubles and delays at the US partner.

Published 10 Feb, 2020 12:00am

Money & Banking

MetLife profit tops estimates on higher premiums

US insurer MetLife Inc topped estimates for quarterly profit on Wednesday, as premiums and net investment income rose. Life insurers make money by investing coverage premiums into stocks and bonds, hoping to earn more than what they pay out in claims. The

Published 10 Feb, 2020 12:00am

Money & Banking

UniCredit promises to boost investor returns after beating forecasts

Italy's top bank UniCredit on Thursday met its full-year goals after a better-than-expected fourth quarter and pledged to consider boosting investor returns now that most of its turnaround is completed. UniCredit has undergone a major restructuring in the

Published 10 Feb, 2020 12:00am

Global Business Economy

Uber increases quarterly revenue but food delivery costs eat profit

Uber Technologies Inc drew more customers to its ride-hailing and food delivery business in a boost to its fourth-quarter revenue, but high costs at Uber Eats meant Uber continues to lose money as it tries to outspend competitors.

Published 10 Feb, 2020 12:00am

Money & Banking

China offers $43 billion boost to firms fighting virus

China's central bank said Sunday it will offer a 300 billion yuan ($43 billion) boost next week to help businesses involved in fighting the virus epidemic which has swept China and infected thousands. The outbreak, which started in the central city of Wuh

Published 10 Feb, 2020 12:00am

Money & Banking

Abu Dhabi in talks with banks for new debt issues

Abu Dhabi has been in talks with banks for potential debt sales in the international markets this year as the oil-rich emirate plans to engage global fixed income investors on a more regular basis amid low oil prices, sources said. Abu Dhabi, which has on

Published 10 Feb, 2020 12:00am

Energy

Azerbaijan likely to support deeper OPEC+ oil output cuts

Azerbaijan is likely to support further oil output cuts by OPEC and its allies, the ex-Soviet country's energy minister said, should the move be necessary to balance demand fears after a coronavirus outbreak in China. A technical panel that advises the Or

Published 10 Feb, 2020 12:00am

Energy

Port chaos leaves Liberian fuel pumps dry

Liberians have faced long queues at petrol pumps for nearly two weeks as sloppy bookkeeping and poor port infrastructure have triggered economically damaging fuel shortages. Incorrect fuel-reserve figures in the impoverished West African country partly le

Published 10 Feb, 2020 12:00am

Money & Banking

Argentina won't repay IMF debt till recession over

Argentine Vice President Cristina Fernandez de Kirchner said on Saturday that the government will not pay "even half a cent" of its debt back to the International Monetary Fund before the country has exited recession.

Published 10 Feb, 2020 12:00am

Global Business Economy

Over 70 Singapore Airshow exhibitors have pulled out, public tickets limited

More than 70 trade exhibitors have pulled out of the Singapore Airshow amid concerns over the new coronavirus and the number of public tickets available will be less than half of those on offer in 2018 to limit attendance, the show's organiser said on Sun

Published 10 Feb, 2020 12:00am

IT & Computers

Shenzhen denies blocking Apple supplier Foxconn from resuming production

Local Chinese authorities have not blocked Apple supplier Foxconn from resuming production amid a coronavirus outbreak, they said in a statement on Sunday, denying an earlier report in the Nikkei Business Daily. The Nikkei, citing four people familiar wit

Published 10 Feb, 2020 12:00am

Energy

US seeks Mexico, Canada help to export American coal

US Energy Secretary Dan Brouillette said on Friday that Canada and Mexico could help export US coal to Asia to get around the blocking of shipments by West Coast states concerned about the impact of the fuel on climate change.

Published 10 Feb, 2020 12:00am

IT & Computers

Food-share apps seeking to help environment

Jack Convery pops into a London branch of Italian eatery Coco di Mama to grab a cut-price lunch ordered on his smartphone's food-sharing app Karma. The 27-year-old Amazon employee - with an eye for a bargain and for helping the environment - uses a mobile

Published 10 Feb, 2020 12:00am

Commodities

Dubai's Al Khaleej Sugar says operating full capacity after 'bad' year

Dubai's Al Khaleej Sugar, which operates the world's largest port-based refinery of the sweetener, said on Sunday it had been operating at full capacity since late December after a "bad" 2019.

Published 10 Feb, 2020 12:00am

Commodities

Destructive locust swarms arrive in Uganda

A locust infestation sweeping the Horn of Africa reached Uganda on Sunday, a government minister said as the prime minister convened an emergency meeting to address the pest invasion.

Published 10 Feb, 2020 12:00am

Stocks

Wall Street week ahead: Consumer discretionary names could see bumpy ride

A raft of earnings reports from consumer discretionary companies and US retail sales data set for the coming week could help investors determine to what extent the coronavirus is hitting consumer demand.

Published 10 Feb, 2020 12:00am

Money & Banking

Argentina's 'little trees' blossom as forex controls fuel black market

On the streets of Buenos Aires, money changers known as "arbolitos" or "little trees" are taking advantage of Argentina's capital controls to take a slice of a booming black market trade in US dollars.

Published 10 Feb, 2020 12:00am

Stocks

Hedge funds hold their nerve on China, seek opportunities

Hedge funds are holding their nerve on China's ability to rebound quickly from a coronavirus outbreak that has rattled global markets, but many are also adding caveats as they try to predict the potential economic fallout.

Published 10 Feb, 2020 12:00am

Money & Banking

Turkey proposes fines for financial market manipulation

Proposed amendments to Turkey's banking laws will introduce fines for financial market manipulation and increase penalties for other violations, the BDDK banking watchdog said on Thursday. The amendments, which state-owned Anadolu agency said were present

Published 10 Feb, 2020 12:00am

Stocks

Trump touts stock market's record run, but who benefits?

Donald Trump loves to trumpet the hot US stock market as a key achievement of his presidency, and he was in full self-congratulatory mode on that front during Tuesday night's State of the Union address. "All of those millions of people with 401(k)s and pe

Published 10 Feb, 2020 12:00am

Money & Banking

Bearish bets re-emerge on Asia FX as virus outbreak fuels growth fears

Investors wary about the economic impact of the coronavirus outbreak spreading from China turned bearish on most Asian currencies and went short on the baht for the first time since May 2019, a Reuters poll showed.

Published 10 Feb, 2020 12:00am

Money & Banking

Kazakh tenge seen weakening

The Kazakh tenge is likely to weaken against the dollar this month, trailing lower oil prices, according to a Reuters poll. Four out of seven participants in the poll, which was carried out between Jan. 28 and Feb. 3, expect the currency to depreciate thi

Published 10 Feb, 2020 12:00am

Stocks

Saudi index leads most of Gulf lower; Aramco rebounds

Most major Gulf markets fell on Sunday, led by Saudi Arabia as concerns about the effect of the spread of the coronavirus on oil prices weighed on the country's petrochemical and banking shares. Oil prices posted their fifth straight weekly decline, as sp

Published 10 Feb, 2020 12:00am

Money & Banking

Emerging market FX set for more pain if coronavirus worsens

Emerging market currencies are at significant risk of weakening this month as the coronavirus epidemic expands, putting pressure on policymakers to step up efforts to prevent further economic damage, a Reuters poll showed. The about-face in fortunes comes

Published 10 Feb, 2020 12:00am

Money & Banking

Canadian dollar seen higher

The Canadian dollar will climb over the coming year, recouping much of its recent decline, as the economic threat from a coronavirus outbreak in China likely fades, and some analysts don't expect the Bank of Canada to cut interest rates in 2020, a Reuters

Published 10 Feb, 2020 12:00am

Africa holds 'silence the guns' summit as new conflicts grow

The annual African Union summit opened Sunday with leaders vowing that the AU would play a more prominent role in resolving conflicts proliferating across the continent. The theme of the two-day summit is "Silencing the Guns".

Published 10 Feb, 2020 12:00am

Kenyans queue to see body of Moi, country's longest-serving ruler

Kenyans formed long queues on Sunday to glimpse the body of the country's longest-serving leader, Daniel arap Moi, which is on public display ahead of a state funeral service. Moi, who is respected by many despite a 24-year rule infamous for corruption an

Published 10 Feb, 2020 12:00am

Pope calls for respect of humanitarian law in Idlib

Pope Francis called on Sunday for respect of humanitarian law in Syria's Idlib province, amid an escalation of a Syrian government offensive that has displaced more than half a million in two months. He told tens of thousands of people in St. Peter's squa

Published 10 Feb, 2020 12:00am

6.2-magnitude earthquake hits Papua New Guinea

A 6.2-magnitude earthquake struck Papua New Guinea on Sunday, the US Geological Survey said, but no tsunami warning was issued and there were no immediate reports of damage. The quake hit just after 4pm local time (0600GMT) at a depth of 31 kilometres (19

Published 10 Feb, 2020 12:00am

Orbiter set to launch in mission to reveal Sun's secrets

The European Space Agency is set to embark upon one of its most ambitious projects to date, with the launch late Sunday from Florida's Cape Canaveral of its Solar Orbiter probe bound for the Sun. The mission, due to blast off from the Kennedy Space Center

Published 10 Feb, 2020 12:00am

Thousands rally in Morocco against Trump Mideast peace plan

Thousands of demonstrators flooded the streets of the Moroccan capital Sunday to protest against a new US Middle East peace plan which the Palestinians say favours Israel. Carrying Palestinian flags, the demonstrators, including local politicians and trad

Published 10 Feb, 2020 12:00am

Criticism of US Mideast plan softened in UN draft resolution

A reworked Palestinian resolution has dropped its initial condemnation of President Donald Trump's Mideast peace plan, opting for less confrontational language ahead of a UN Security Council vote, a copy obtained by AFP shows.

Published 10 Feb, 2020 12:00am

Thousands from cruise ship in Hong Kong freed after virus tests

Thousands of people stranded aboard a cruise ship in Hong Kong for five days were allowed to disembark on Sunday after its 1,800 crew tested negative for the deadly new coronavirus.

Published 10 Feb, 2020 12:00am

Close count in Irish vote after Sinn Fein surge

A general election surge in support for Sinn Fein, once the political wing of the IRA, on Sunday upset Ireland's traditional two-party grip on power. Irish officials were counting votes following Saturday's polls with an exit poll forecasting Prime Minist

Published 10 Feb, 2020 12:00am

Fighting in southwest Cameroon disrupts voting

Fighting between government troops and anglophone separatists in parts of southwest Cameroon Sunday disrupted voting in legislative and municipal elections, local officials and other sources said. The authorities issued no details on casualties.

Published 10 Feb, 2020 12:00am

Brief Recordings

'Payment history can be the biggest relevant database in the country' an interview with Mumtaz Hussain Syed, CEO Tasdeeq

Mumtaz Hussain Syed is the Chief Executive Officer of Aequitas Information Services Limited; Pakistan's first SBP licensed private credit bureau operating under the name Tasdeeq. He has 30+ years of experience in investments, finance and operations across

Updated 10 Feb, 2020 04:16am

Over 1200 students awarded degrees at SSUET's 23rd convocation

Sir Syed University of Engineering & Technology (SSUET), on Sunday organised its 23rd Convocation that was attended by a large number of educationists, scholars, dignitaries including faculty and students.

Published 10 Feb, 2020 12:00am

AEO Australian education expo attracts hundreds of students in Islamabad

With over 5,000 alumni and 200,000+IELTS registrations, AEO Pakistan over the past two decades has established itself as Australian & Global Education Specialists, the most trusted IELTS Official Test Centre and now the official OET Test Centre in Pakista

Published 10 Feb, 2020 12:00am

PTI to hold talks with estranged allies today

In a bid to resolve the differences between ruling Pakistan Tehreek-e-Insaf (PTI) and their allied political parties, the government's negotiating team is set to hold talks with estranged allies today (Monday). The sources privy to the development told <i

Published 10 Feb, 2020 12:00am

Police kill two suspected militants

Police in Mustang have killed two suspected militants after they tried to snatch the weapons from its personnel, police officials said Sunday. According to the police spokesperson, the policemen found the pins of hand grenades from the pockets of one of t

Published 10 Feb, 2020 12:00am

Cotton & Textile

PRGMEA demands one-window operation

Chairman Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA), North Zone Sohail Afzal on Sunday said that value-added garments sector of the textile industry shown the 3.03 percent growth in 2018-19 despite the internal external c

Published 10 Feb, 2020 12:00am

Business & Economy

Pak-Pharma & Healthcare Expo begins tomorrow

A three-day Pak-Pharma and Healthcare Expo-2020 will be held on February 11-13 at the Expo Centre Lahore without the participation of Chinese exhibitors as they have declined to visit Pakistan due to prevailing novel coronavirus situation in China.

Published 10 Feb, 2020 12:00am

CM orders proper redressal of public complaints against police

Sindh Chief Minister Syed Murad Ali Shah presiding over Public Safety & Police Complaints Commission meeting decided to present Annual Policing Plan in the cabinet and ordered proper redressal of public complaints being received against the police.

Published 10 Feb, 2020 12:00am

AGP detects loss of Rs 260 million in KP Forest department

The Auditor General of Pakistan AGP) has detected a loss of Rs 260.041 million in the Forest Department of Khyber Pakhtunkhwa during financial year 2015-16, said Audit Report 2016-17 on accounts of KP Department.

Published 10 Feb, 2020 12:00am

Business & Economy

Retail market prices of essential kitchen items witness decline

Prices of important kitchen items, like vegetable, pulses, flour, except live chicken/meat, eggs and cooking oil have reduced in retail market, according to a survey carried out by Business Recorder here on Sunday.

Published 10 Feb, 2020 12:00am

Cotton & Textile

WEEKLY COTTON REVIEW: No business in market as price remains stable

The prices of cotton remained stable. There was almost no business in the market. The organizations related to agriculture and economy asked the government to take practical steps to increase the production of cotton. Due to the extraordinary increase in

Published 10 Feb, 2020 12:00am

Massive anti-encroachment drive in Murree on the cards

The Punjab government is planning to launch a massive anti-encroachment drive in Murree to resolve growing traffic-related issues besides restoring natural beauty of the hilly area. This was disclosed by Provincial Minister for Housing, Urban Development

Published 10 Feb, 2020 12:00am

PMA for PMDC's revival

Pakistan Medical Association (PMA) has demanded a reinstatement of Pakistan Medical & Dental Council, which should be an autonomous, democratic, transparent and vibrant body comprising of elected and nominated members as per 1962 ordinance.

Published 10 Feb, 2020 12:00am

Business & Economy

WCCI's women handicraft bazaar held in Peshawar

The 3rd women handicraft bazaar was organised by Women Chamber of Commerce and Industry (WCCI) in Government Technical and Vocational Centre for Women Gulbahar Peshawar on Sunday. The women bazaar was inaugurated by Member of Provincial Assembly, Rabia Ba

Published 10 Feb, 2020 12:00am

Money & Banking

'IMF conditions must be relaxed for economy'

President Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain has emphasized the need that the IMF conditions must be revisited and relaxed otherwise, the government will find it increasingly difficult to abide by the agreement puuttin

Published 10 Feb, 2020 12:00am

Business & Economy

'Tendering of PWD underpass, Korang bridge, fish-belly in two months'

The tendering for construction of PWD underpass, widening of Korang Bridge and converting Khokar Hotel U-Turn into fish-belly at Islamabad Expressway would be conducted within the next few months, Chairman National Assembly Standing Committee on Interior

Published 10 Feb, 2020 12:00am

Bilawal slams huge cut in higher education budget

Chairman Pakistan Peoples Party Bilawal Bhutto Zardari has condemned huge cuts in the higher education budget by the PTI government compelling the public sector universities to take loans from the private sector to run their affairs.

Published 10 Feb, 2020 12:00am

Imran's struggle against corruption enters final phase: Firdous

Special Assistant to the Prime Minister on Information and Broadcasting Dr Firdous Ashiq Awan has said that Prime Minister Imran Khan is honouring all his promises and political commitments made during his election campaign.

Published 10 Feb, 2020 12:00am

Energy

PEDO's board discusses Rs 4.34 billion solar energy projects

A meeting of Pakhtunkwa Energy Development Organization's (PEDO) Board of Directors held, here Sunday to discuss launching of several solar energy projects under 'Access to Clean Energy' programme of Asian Development Bank.

Published 10 Feb, 2020 12:00am

Prices of perishable food items witness a decline

Prices of perishable food items and fruits have witnessed a decline during this past week compared to the week before, according to a survey conducted by Business Recorder in the federal capital on Saturday.

Published 10 Feb, 2020 12:00am

Indian diplomat summoned over LoC violations

Indian Charge d' Affaires Gaurav Ahluwalia was summoned by Director General (South Asia & SAARC) Zahid Hafeez Chaudhri to register Pakistan's strong protest at the ceasefire violations by Indian occupation forces along the Line of Control (LoC) in Chiriko

Published 10 Feb, 2020 12:00am

Taxes

FBR organises awareness event on POS at Packages Mall

Federal Board of Revenue has organized an event at Packages Mall, Lahore to create awareness among people about the Point of Sale (Linked Invoicing System) of FBR.

Published 10 Feb, 2020 12:00am

International research moot held at SZABIST Larkana

Management Sciences and Computer Science Departments of Shaheed Zulfikar Ali Bhutto Institute of Science & Technology (SZABIST), Larkana organized its 1st International Research Conference on Business, Management and Computer Technology - IRCoBMCT 2020 at

Published 10 Feb, 2020 12:00am

PTI to have decisive round of talks with PML-Q leaders today: Khattak

Federal Minister for Defence and head of the government's negotiation team, Pervez Khan Khan Khattak has said that decisive round of talks with the leadership of PML-Q is being held today (Monday) while meaningful negotiations with all coalition partners

Published 10 Feb, 2020 12:00am

Courts' orders to be implemented in letter and spirit: Murad

Chief Minister Sindh Syed Murad Ali Shah has said that Sindh respects the orders of courts and is trying to ensure implementation of their orders, adding that the railway track, on the orders of SC, would be got cleared.

Published 10 Feb, 2020 12:00am

Umar vows to complete K-IV water project on priority

Federal Minister for Planning, Development and Reforms Asad Umar on Sunday vowed to complete the K-IV water project on a priority basis. K-IV is important water project for Karachi and the federal government was taking measures to complete it on a priorit

Published 10 Feb, 2020 12:00am

Money & Banking

Dubai Islamic Bank Pakistan posts after tax profit of Rs 3.3 billion

Dubai Islamic Bank Pakistan Limited continued excellent performance and its growth trajectory in 2019. The Bank posted profit before tax of PKR. 5.7 Billion for the year ended December 31, 2019 showing an increase of 38% over last year. Earnings per share

Published 10 Feb, 2020 12:00am

Three western weather systems likely to approach in February: Met

The Met Office has forecast slightly above normal rainfall for the country's southern half and normal to slightly below normal rainfall over northern half during Feb 2020. Two to three western weather systems are likely to approach after mid-February, it

Published 10 Feb, 2020 12:00am

Sindh CM empowered to appoint provincial ombudsman

The Sindh Assembly Speaker on Sunday notified approval of a legislative bill that confers the authority to appoint the provincial ombudsman on the chief minister. Before the amendment in the law it was prerogative of the provincial governor to appoint omb

Published 10 Feb, 2020 12:00am

Crimes can't be finished with public hanging: Ghani

The Sindh Education Minister Saeed Ghani said that the world had moved forward and in many countries the law of giving death penalty had been abolished.

Published 10 Feb, 2020 12:00am

Around 50 Pakistani delegates participated in Fruit Logistica

Some fifty Pakistani delegates participated in the world's renowned exhibition of fruits and vegetables - "Fruit Logistica" to explore new export opportunities. The fair was held from Feb 5-7 in Berlin, Germany and some eight Pakistani companies set up th

Published 10 Feb, 2020 12:00am

Refresher course for CIPA to begin on February 29

IBA Centre for Excellence in Islamic Finance (IBA-CEIF) has announced refresher course for "Certified Islamic Professional Accountant" (CIPA). The three months weekend CIPA Refresher Course will be organized in collaboration with Accounting and Auditing O

Published 10 Feb, 2020 12:00am

Fiscal deficit and IMF

Reports indicate that the International Monetary Fund (IMF) staff mission, during the ongoing second review of the 6 billion dollar 39-month front-loaded programme, has expressed concerns at the projected fiscal deficit as a consequence of the estimated 3

Updated 10 Feb, 2020 05:52am

Holding encroachers to account

Although encroachment of public land is a problem common to all big cities, the worst offenders seem to be concentrated in Karachi. From footpaths to amenity plots and storm water drains to disused circular railway tracks, nothing is spared. This of cours

Updated 10 Feb, 2020 07:09am

Articles

Data integrity remains an issue

Prime Minister Imran Khan's signature Ehsaas programme launched on 27 March 2019 with his Policy Statement uploaded on the website highlights the need for data integrity though it is unclear if implementation has begun.

Published 10 Feb, 2020 12:00am

Articles

Coronavirus outbreak

If you want an infection virus to become an epidemic virus, press the panic button. Viruses need measured, scientific, thought through responses. Panic blocks the ability to think, measure and respond in a logical manner. The latest coronavirus issue is i

Updated 04 Mar, 2020 10:41am

Articles

As nations bicker, a greener future evolves in finance

Away from the toxic atmosphere at climate summit talks, in boardrooms, banks and trading houses, a transformation in green finance is under way. Its backers hope it could profitably help save the planet. Regardless of the politics of climate change, there

Published 10 Feb, 2020 12:00am

Letters

Modi's growing belligerence

How unfortunate it is that the BJP government has taken its aggression against the Kashmiris to the next level as it has now extended the detention of two former occupied Kashmir chief ministers Mehbooba Mufti and Omar Abdullah, held for the past six mont

Published 10 Feb, 2020 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 17	280.67
USD PKR Interbank Buying / Apr 17	280.47
USD to Japanese Yen / Apr 17	142.81
USD to Swiss Franc / Apr 17	0.82
Pound Sterling to USD / Apr 17	1.32
Euro to USD / Apr 17	1.14
UK LIBOR % / Apr 16	4.96

Stock	Volume
S&P 500 / Apr 16	5,275.70
Nasdaq / Apr 16	16,307.16
Dow Jones / Apr 16	39,669.39
India Sensex / Apr 17	77,621.26
Tokyo Nikkei / Apr 17	34,285.53
Hang Seng / Apr 17	21,352.47
FTSE 100 / Apr 17	8,207.23
Germany DAX 30 / Apr 17	21,240.89
France CAC40 / Apr 17	7,290.96

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 16	16,985
Gold 10 Grams PKR / Apr 16	298,353
Petrol/Litre / Apr 17	254.63
Crude Oil USD/Barrel / Apr 17	63.25
Gold Spot USD/Ounce / Apr 17	3,331.95
Diesel/Litre / Apr 17	258.64
Cotton US¢/pound / Apr 17	66.66

Gainers
Losers
Leaders

Stock	Price
Ghazi Fabrics / Apr 17 Ghazi Fabrics International Limited(GFIL)	8.36 ▲ 1 (13.59%)
UDL International / Apr 17 UDL International Limited(UDLI)	8.52 ▲ 1 (13.3%)
Escorts Bank / Apr 17 Escorts Investment Bank Limited(ESBL)	6.75 ▲ 0.67 (11.02%)
Chakwal Spinning / Apr 17 Chakwal Spinning Mills Limited(CWSM)	57.93 ▲ 5.27 (10.01%)
United Brands / Apr 17 United Brands Limited(UBDL)	23.18 ▲ 2.11 (10.01%)
Bolan Casting / Apr 17 Bolan Castings Limited(BCL)	104.06 ▲ 9.46 (10%)
S.S.Oil / Apr 17 S.S.Oil Mills Limited(SSOM)	244.59 ▲ 22.24 (10%)
Sunrays Textile / Apr 17 Sunrays Textile Mills Limited(SUTM)	93.50 ▲ 8.5 (10%)
Crescent Steel / Apr 17 Crescent Steel & Allied Products Limited(CSAP)	115.51 ▲ 10.5 (10%)
Shezan Inter. / Apr 17 Shezan International Limited(SHEZ)	148.43 ▲ 13.49 (10%)

Stock	Price
Oilboy Energy(R) / Apr 17 Oilboy Energy Limited(R)(OBOYR2)	1.07 ▼ -0.31 (-22.46%)
Gulshan Sp. / Apr 17 Gulshan Spinning Mills Limited(GSPM)	3.50 ▼ -0.44 (-11.17%)
Fateh Ind. / Apr 17 Fateh Industries Limited(FIL)	119.55 ▼ -13.28 (-10%)
Blue-Ex Ltd / Apr 17 Blue-Ex Limited (GEM)(GEMBLUEX)	56.69 ▼ -6.29 (-9.99%)
Mughal Energy / Apr 17 Mughal Energy Limited(GEM)(GEMMEL)	20 ▼ -2.02 (-9.17%)
Aisha Steel(ConPS) / Apr 17 Aisha Steel(ConPS)(ASLPS)	15.12 ▼ -1.5 (-9.03%)
Pak Leather / Apr 17 Pak Leather Crafts Limited(PAKL)	27.28 ▼ -2.66 (-8.88%)
Jubilee Gen. Ins. / Apr 17 Jubilee General Insurance Limited(JGICL)	49.90 ▼ -4.32 (-7.97%)
National Silk / Apr 17 The National Silk & Rayon Mills Limited(NSRM)	29.56 ▼ -2.44 (-7.63%)
Int. Knit. / Apr 17 International Knitwear Limited(INKL)	15.19 ▼ -1.21 (-7.38%)

Stock	Volume
B.O.Punjab / Apr 17 The Bank of Punjab(BOP)	21,921,187 ▲ 0.18
Maple Leaf Cement / Apr 17 Maple Leaf Cement Factory Limited(MLCF)	18,364,457 ▲ 3.09
Cnergyico PK / Apr 17 Cnergyico PK Limited(CNERGY)	16,639,335 ▲ 0.01
Fauji Cement / Apr 17 Fauji Cement Company Limited(FCCL)	15,964,450 ▲ 1.02
National Bank / Apr 17 National Bank of Pakistan(NBP)	15,495,546 ▲ 4.22
Pace (Pak) Ltd. / Apr 17 Pace (Pakistan) Limited(PACE)	12,839,147 ▲ 0.23
WorldCall Telecom / Apr 17 Worldcall Telecom Limited(WTL)	12,214,983 ▲ 0
United BankXD / Apr 17 United Bank Limited(UBL)	10,802,672 ▲ 15.82
Hascol Petrol / Apr 17 Hascol Petroleum Limited(HASCOL)	10,272,113 ▲ 0.12
Pak Elektron / Apr 17 Pak Elektron Limited(PAEL)	8,951,945 ▲ 0.54

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