News Archives for Print - 2020-02-12

Print - 2020-02-12

Stocks

PSX stages smart recovery: BRIndex100 snaps losing streak

Fresh buying at dips Tuesday supported the Pakistan Stock Exchange to close on a positive note. BRIndex100 gained 46.35 points or 1.13 percent to close at 4,136.89 points. BRIndex100 touched intraday high of 4,155.45 and intraday low of 4,061.95 points. V

Published 12 Feb, 2020 12:00am

Adjustments in tariff: Rs 600 billion passed on to consumers: Nepra

National Electric Power Regulatory Authority (Nepra) on Tuesday acknowledged that around Rs 600 billion has been passed on to the consumers through different adjustments in tariff which is nearly 86 percent of the 2019-20 Public Sector Development Program

Published 12 Feb, 2020 12:00am

Media urged to take careful approach to stock market fluctuations

The Ministry of Finance Tuesday termed certain reports, appearing in a section of press over the ebb and flow of the Pakistan Stock Exchange on Monday, as unfortunate for highlighting sharp volatility in the market that damage the interest of the small in

Published 12 Feb, 2020 12:00am

Two key bills passed by Senate

In what comes as a big relief for the federal government, the Upper House of the Parliament on Tuesday passed two key bills, the Anti-Money Laundering (Amendment) Bill, 2019 and the Foreign Exchange Regulation (Amendment) Bill, 2019, which have already be

Published 12 Feb, 2020 12:00am

Azhar defends economic policies

Minister for Economic Affairs Hammad Azhar on Tuesday said that a sinking economy which the government inherited had now been put on the right track due to the prudent economic policies of Prime Minister Imran Khan.

Published 12 Feb, 2020 12:00am

Government takes step to deal with rising food inflation

Federal Cabinet has approved a Rs 10 billion subsidy at the rate of Rs 2 billion per month for next five months to the Utility Stores Corporation (USC) for provision of edible items of daily use to the people at affordable rates.

Published 12 Feb, 2020 12:00am

'Shahenshah' Kejriwal defeats Modi's divisive politics

Followers of an upstart Indian political party danced in the streets Tuesday after inflicting a crushing defeat on Prime Minister Narendra Modi's right-wing party in a key election in the capital. The poll was the first electoral test for Modi's Bharatiya

Published 12 Feb, 2020 12:00am

UK approves high-speed railway despite soaring cost

Britain said Tuesday it will begin full construction work on its new high-speed railway line in April following years of delays, after Prime Minister Boris Johnson backed the project despite soaring costs.

Published 12 Feb, 2020 12:00am

Fed 'closely monitoring' global risks

Federal Reserve Chair Jerome Powell was fairly upbeat about the outlook for the US economy in the first of his twice-a-year updates to Congress on Tuesday, but he cited a potential threat from the coronavirus in China and concerns about the economy's long

Published 12 Feb, 2020 12:00am

China virus deaths top 1,000 as WHO warns of 'very grave' global threat

The death toll from the novel coronavirus outbreak surged past 1,000 in China on Tuesday as the World Health Organization warned that the epidemic poses a "very grave" global threat. The WHO is holding a conference in Geneva on combatting the virus as Bei

Published 12 Feb, 2020 12:00am

Coronavirus outbreak: Pakistan may face tighter financing conditions: Moody's

Moody's Investors Service Tuesday said that as market volatility rises due to coronavirus outbreak, sovereigns that rely on foreign-currency borrowing, including Pakistan, may face tighter financing conditions.

Published 12 Feb, 2020 12:00am

EC says freedom of expression under threat

The European Commission (EC) in its biennial report 2018-19 on the Generalized Scheme of Preferences (GSP) has asserted that freedom of expression including in media is under threat in Pakistan. According to the report, the EU has serious concerns in some

Updated 13 Feb, 2020 07:03am

Presidential Ordinance declared illegal: Reinstatement of 220 employees of erstwhile PMDC ordered

The Islamabad High Court (IHC) has declared presidential ordinance about dissolution of the Pakistan Medical and Dental Council (PMDC) illegal and issued directives to reinstate the 220 employees of the council. A single-member bench of the IHC comprising

Published 12 Feb, 2020 12:00am

Iran taunts US on anniversary of Shah's ouster

Iran taunted the United States on the 41st anniversary Tuesday of the ouster of its ally the shah, as huge crowds gathered to mark the historic occasion. Waving national and Shiite flags and holding portraits of the founder of the Islamic republic, Ayatol

Published 12 Feb, 2020 12:00am

Identification of real owners & shareholders: Companies, LLPs bound to provide additional info to SECP

To identify real owners and shareholders of corporate entities, the companies and Limited Liability Partnerships (LLPs) would now be required to provide additional information to the Securities and Exchange Commission of Pakistan (SECP) where ownership an

Published 12 Feb, 2020 12:00am

Hafeez hints at replacement of Shabbar

Adviser to the Prime Minister on Finance Dr Abdul Hafeez Shaikh said on Tuesday that any decision about any new chairman of the Federal Board of Revenue (FBR) would be taken in consultation with Shabbar Zaidi, the current chairman.

Published 12 Feb, 2020 12:00am

UAE reopens mail link with rival Qatar

The United Arab Emirates has restored mail services with Qatar, the UN postal agency said, after severing them in 2017 as part of a regional campaign to isolate Doha. The UAE, along with its allies Saudi Arabia, Bahrain and Egypt, cut all diplomatic, trad

Published 12 Feb, 2020 12:00am

Power Division accused of failing to bring down circular debt

Senate Standing Committee on Power on Tuesday accused Power Division of failing to bring down circular debt and just showing an improvement in recovery through increase in electricity tariff. These accusations were hurled by treasury Senator Nauman Wazir

Published 12 Feb, 2020 12:00am

Chaudhry Nisar likely to meet Nawaz in London

Former Interior Minister Chaudhary Nisar Ali Khan departed for London on Tuesday where he is likely to meet the ailing Pakistan Muslim League-Nawaz (PML-N) leader Nawaz Sharif. Nisar took the Pakistan International Airlines (PIA) flight PK-785 from Islama

Published 12 Feb, 2020 12:00am

US, German spies plundered global secrets via Swiss encryption firm: report

US and German intelligence services raked in the top secret communications of governments around the world for decades through their hidden control of a top encryption company, Crypto AG, US, German and Swiss media reported Tuesday.

Published 12 Feb, 2020 12:00am

Letters

The Maulana

That Business Recorder op-ed writer Rashed Rahman is a politically astute individual is a fact; he writes with conviction, in fact genuine conviction. In his latest op-ed "Maulana's 'assurance'" carried by the newspaper yesterday, he has made some

Published 12 Feb, 2020 12:00am

Articles

Security perceptions and development: Attaining the right balance - I

As an umbrella term, national 'security' encompasses many dimensions so it is in need of being perceived in correct perspective and proportion. A common prevailing assumption is that security leads to conditions of all-round development in a society. This

Published 12 Feb, 2020 12:00am

Articles

The coronavirus challenge

Chinese scholars such as Liu Kan and Lu Chuanying of SIIS gave three major views, both in China and abroad, about the negative impacts of the 2019-nCov epidemic on China's economy. The "critical impact" assessment goes like that it will have serious effec

Published 12 Feb, 2020 12:00am

Articles

A social worker in the court of free market

"We came to power for the welfare of the poor. We have no right to continue staying in power if we don't care about them," Prime Minister Imran Khan said the other day while presiding over a meeting to review the rising prices of essential commodities.

Published 12 Feb, 2020 12:00am

An unsavoury resolution

Former Lal Masjid imam Maulana Abdul Aziz is in the news yet again for the wrong reason. He first rose to prominence when he started challenging the writ of the state as pupils of the seminary attached to the mosque acted as the vice prevention brigade in

Updated 12 Feb, 2020 06:24am

OICCI's legitimate concerns

According to the "Perception and Investment Survey 2019" conducted by the Overseas Investors Chamber of Commerce and Industry (OICCI) during the last quarter of 2019, the leading foreign investors of the country had shown concerns on some areas of doing b

Updated 12 Feb, 2020 06:25am

PM for constant contact with Pakistani students in Wuhan

Prime Minister Imran Khan on Tuesday directed the Secretary Foreign Affairs to maintain constant contact with Pakistani students in Wuhan and keep their families informed about their well-being. He gave this direction during a meeting here with Special As

Published 12 Feb, 2020 12:00am

Business & Economy

Umar for expediting work on Railways ML-1

Federal Minister for Planning, Development and Special Initiatives Asad Umar has directed the financing committee to expedite its work and engage with the Chinese side to finalise the terms and conditions of financing of the ML-1 Railways Project.

Published 12 Feb, 2020 12:00am

Business & Economy

Senate panel reviews ministry's report on PSDP proposals

A Senate panel on Tuesday reviewed the report of the Public Sector Development Programme (PSDP) proposed by Ministry of Maritime Affairs for the financial year 2020-2021. The meeting of the Senate Standing Committee on Maritime Affairs was held with Sena

Published 12 Feb, 2020 12:00am

Business & Economy

Resolution of railways route: Senate body decides to convene meeting of all stakeholders

Senate Standing Committee on Government Assurances has decided to convene a meeting of all relevant stakeholders on resolution of railways route from Sibbi to Harnai to Shahrang to Khost section, and has directed Railways Minister Sheikh Rashid Ahmed to e

Published 12 Feb, 2020 12:00am

Energy

SNGPL clarifies

Sui Northern Gas Pipe Lines (SNGPL) on Tuesday clarified that the consumers are being misled through messages on social media and Whatsapp. According to the spokesperson of the SNGPL advertisement issued by the Company shows estimated gas bills under vari

Published 12 Feb, 2020 12:00am

SPARC holds session to 'encourage ban on ads of tobacco products'

Society for the Protection of the Rights of the Child (SPARC), organised a session on "To encourage ban on advertisement of tobacco products", here on Tuesday. Dr Naushen Hamid, Parliamentary Secretary, Ministry of National Health Services, said that heal

Published 12 Feb, 2020 12:00am

Arrest of PTM protesters: IHC summons chief commissioner, IGP on February 17

The Islamabad High Court (IHC) has summoned Islamabad chief commissioner and the inspector general of police (IGP) at the next hearing in the arrest of Pashtun Tahaffuz Movement (PTM) protesters.

Published 12 Feb, 2020 12:00am

Assets beyond means-cum-money laundering case: LHC denies post-arrest bail to Hamza Shahbaz

The Lahore High Court on Tuesday denied post-arrest bail to Leader of Opposition in Punjab Assembly Hamza Shahbaz in a case of assets beyond means-cum-money laundering.

Published 12 Feb, 2020 12:00am

Park Lane case: Indictment of Zardari, other accused deferred till March 3

The Accountability Court hearing multi-billion rupees fake bank accounts case on Tuesday again deferred the indictment of former president Asif Ali Zardari and other accused in the Park Lane case till March.

Published 12 Feb, 2020 12:00am

Telecommunication

Telenor Pakistan, WB join forces for GLWE initiative

Telenor Pakistan and the World Bank (WB) have joined forces for "Girls Learn, Women Earn" (GLWE) initiative in continuation of its efforts for women empowerment, inclusion and participation in the country's socio-economic uplift.

Published 12 Feb, 2020 12:00am

IT & Computers

Facebook issues online safety tips for teenagers

Facebook has released tips for online safety addressing its one of the vibrant audiences, teenagers, in order to provide them safe user environment without any complication. Online safety is an important conversation that user can share with your teenaged

Published 12 Feb, 2020 12:00am

Business & Economy

'Government, private sector must join hands for success of economic diplomacy'

President Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain, has said that effective economic diplomacy is needed for political and economic independence. Economic security is imperative for national security while only self-reliant

Published 12 Feb, 2020 12:00am

Energy

Hubco-FFC's 330MW Thar Energy Limited reaches financial close

Thar Energy Limited (TEL), a subsidiary of Pakistan's largest Independent Power Producer, the Hub Power Company Limited (Hubco) has reached its financial close. Hubco in collaboration with Fauji Fertilizer Company Limited (FFC) established Thar Energy Lim

Published 12 Feb, 2020 12:00am

Taxes

Monitoring & sealing of ATT cargo begins for safe transit

Pakistan Customs has started monitoring and sealing of Afghan exports cargos for safe transit. According to the procedure of tracking and sealing of Afghan exports in transit issued by Directorate of Transit Trade (DTT), the department in order to streaml

Published 12 Feb, 2020 12:00am

Energy

SECMC, IUCN launch fauna-flora survey

Aiming at long-term biodiversity conservation in an ecologically rich region of Tharparkar, the Sindh Engro Coal Mining Company (SECMC) through Thar Foundation and Pakistan's top environmental body International Union for Conservation of Nature (IUCN) has

Published 12 Feb, 2020 12:00am

Business & Economy

Pakistan exhibitors participate in Ambiente fair

Pakistani exhibitors participated in Ambiente, Frankfurt fair held from 7 to 11 February 2020. Pakistan has been participating in Ambiente for many years and a number of industries have developed from this fair such as cutlery, crockery and salt products.

Published 12 Feb, 2020 12:00am

Business & Economy

50-kilometer corridor from Karachi Port to Pipri planned

Pakistan Railways (PR) has decided in principle to develop a 50-kilometer freight corridor-laying a double track line between Karachi Port and Pipri Yard for the transportation of cargo containers. Tariq Asad, a senior PR official posted in Karachi Divisi

Published 12 Feb, 2020 12:00am

Climate change: speakers voice concern over losing soil fertility

Soil Scientists, researchers, academia and scholars call to cope with challenges together, as Pakistan is losing soil fertility, the most precious natural assets, due to lack of policies and lack of research. They were speaking at the three-day 18th Inter

Published 12 Feb, 2020 12:00am

SEPA asks civic bodies to comply with environmental rules

Sindh Environmental Protection Agency (SEPA) on Monday said it had issued second reminder to four civic agencies on reports of dumping of civic waste into the sea along with Clifton beach. In a statement, SEPA said earlier it had issued notice to them in

Published 12 Feb, 2020 12:00am

Senate body voices concern over non-payment of salaries to journalists

The Senate Standing Committee on Information and Broadcasting expressed concerns over the delay in implementation and compliance of committee's recommendations regarding non-payment of salaries to journalists.

Published 12 Feb, 2020 12:00am

Business & Economy

Business community also responsible for Karachi's sorry state of affairs: mayor

Mayor Waseem Akhtar Tuesday said Karachi Metropolitan Corporation (KMC) cannot be blamed alone for the Karachiites' sufferings as the business and industrial community is also responsible for the sorry state of affairs. They are busy in getting only their

Published 12 Feb, 2020 12:00am

SC urged to strike down GIDC Act, 2015

The apex court was urged to strike down Gas Infrastructure Development Cess (GIDC) Act, 2015 as it was argued that it was illegal and unconstitutional on grounds that the cess is a tax in nature.

Published 12 Feb, 2020 12:00am

Taxes

GDs, duties reconciled: FBR's fact-finding team clears 256 trucks

In a major development, the Federal Board of Revenue's fact finding inquiry team has cleared 256 trucks, which filed complete documents and paid due amount of duties and taxes of around Rs140 million at the Torkham border, raising doubts about baseless ch

Published 12 Feb, 2020 12:00am

Money & Banking

UBL's Compliance Group first in Pakistan to become ISO 9001:2015 certified

UBL has become the first bank in Pakistan whose Compliance Group has been assessed by SGS Pakistan and certified as meeting the requirements of ISO 9001:2015 Quality Management System Certification which is accredited by UKAS. This distinct accolade has b

Published 12 Feb, 2020 12:00am

Money & Banking

HabibMetro Bank to launch state-of-the-art contact centre

HabibMetro Bank is collaborating with C-Square to deploy a state-of-the-art leading omni-channel contact centre and customer experience solution, Genesys, in order to continue offering unparalleled customer experience. This modern and progressive solution

Published 12 Feb, 2020 12:00am

JI chief accuses government of handing over country to IMF

Emir of Jamaat-e-Islami Senator Sirajul Haq has lamented the government for handing over the country to the IMF and announced to organise masses against the policies of the PTI regime.

Published 12 Feb, 2020 12:00am

Business & Economy

Pharma industry has enormous potential to grow: LCCI chief

Pakistan's pharmaceutical industry has enormous potential to grow from existing three per cent global share and the current government is extending supporting hand to the exporters to explore and tap hidden markets.

Published 12 Feb, 2020 12:00am

Flour crisis: CCP conducts inspection of PFMA's premises

The Competition Commission of Pakistan (CCP) based on discovery of fresh information made available vis-à-vis prima facie collusion in the wheat flour sector carried out a search and inspection of Pakistan Flour Mills Association (PFMA) premises in Lahore

Published 12 Feb, 2020 12:00am

Business & Economy

P&D department releases Rs 205 billion for uplift schemes

Under the annual development programme, the planning and development department has released Rs205 billion out of total Rs350 billion allocated for development schemes in financial year 2019-20 while finance department has issued Rs194 billion. So far the

Published 12 Feb, 2020 12:00am

Business & Economy

NBFI & Modaraba Association team visits FPCCI

A delegation of NBFI & Modaraba Association of Pakistan led by its Chairman Muhammad Shoaib Ibrahim, consisting of Basheer A Chowdry, Raheel Q Ahmad, Ahsanullah Khan and Muhammad Samiullah visited FPCCI to congratulate Mian Anjum Nisar on his election as

Published 12 Feb, 2020 12:00am

Money & Banking

KMBL to acquire SAP's audit management system

Moving progressively towards the digital world, Khushhali Microfinance Bank Limited, the largest microfinance bank in Pakistan, announced that they have signed an agreement to acquire Audit Management System by SAP. This acquisition aims to boost the qual

Published 12 Feb, 2020 12:00am

Buzdar okays monthly anti-polio drive plan

Punjab Chief Minister Sardar Usman Buzdar has approved the launching of anti-polio drive every month during the current year. The district-wise campaign will commence from February 17 to administer the anti-polio drops to 20 million children in the provin

Published 12 Feb, 2020 12:00am

Business & Economy

LCCI urges government to abolish RD, additional duty on raw materials

The Lahore Chamber of Commerce and Industry (LCCI) President Irfan Iqbal Sheikh has urged the government to abolish regulatory duties and additional customs duty on raw materials for export oriented sector so as enable the local industry to make itself mo

Published 12 Feb, 2020 12:00am

Four industrial workers burnt alive in Faisalabad

Four industrial workers were burnt alive, while 15 injured six of the injured seriously, when a boiler of a MA Textile Processing Units was suddenly burst and parts of th building of the factory collapsed at Samana Pulli, Sargodha Road Industrial Area, wh

Published 12 Feb, 2020 12:00am

Articles

Partly Facetious : Dealing with detractors

"The Khan and his cricket contingent must draw lessons from the Oscars."

Published 12 Feb, 2020 12:00am

Business & Economy

CPEC authority chief, KP CM discuss development projects

Chairman CPEC Authority Lt General Asim Saleem Bajwa (retd) met with Chief Minister Khyber Pakhtunkhwa Mahmood Khan who called on him at Chief Minister Secretariat Peshawar and held detailed deliberations on the provincial government developmental project

Published 12 Feb, 2020 12:00am

Money & Banking

Meezan Bank, Amreli Steels sign transaction banking agreement

Meezan Bank Limited and Amreli Steels Limited have joined hands to streamline collections for Amreli Steels. Under this transaction banking agreement, Meezan Bank, through the provision of its state-of-the-art online banking solution, named eBiz+, will en

Published 12 Feb, 2020 12:00am

Energy

Senate body opposes proposed weight average price formula

A parliamentary panel on Tuesday opposed the federal government move to introduce a weighted average price formula (RLNG and indigenous gas) for three gas producing provinces, and also recommended a special dispensation energy package for Balochistan.

Published 12 Feb, 2020 12:00am

Brief Recordings

Matco Foods Limited

Matco Foods Limited (PSX: MFL) was established in 1964 as a private limited company under the Companies Ordinance 1984.

Updated 12 Feb, 2020 05:26am

Syria regime helicopter downed as Ankara threatens Damascus

Tensions escalated Tuesday between Syria's regime and rebel-backer Turkey as a Syrian military helicopter was shot down and Ankara warned of a "heavy price" for any attacks on its forces.

Published 12 Feb, 2020 12:00am

Celebrated French cartoonist Claire Bretecher dies

Claire Bretecher, one of the most celebrated French cartoonists of recent decades and the first woman to achieve real prominence in the genre in France, died on Tuesday aged 79, her publisher announced. Bretecher rose to fame in the 1970s with the comic b

Published 12 Feb, 2020 12:00am

Over 100 US troops suffered brain injury in Iran attack: Pentagon

More than 100 US troops sustained "mild" traumatic brain injury, far more than originally announced, when Iran launched missiles at their base in Iraq last month, the Department of Defense said Monday.

Published 12 Feb, 2020 12:00am

Aboriginal Australians cannot be deported

Aboriginal Australians are exempt from immigration law, the country's top court ruled Tuesday, in a historic decision that found indigenous people born overseas cannot be deported.

Published 12 Feb, 2020 12:00am

At least five dead in suicide attack in Afghanistan

A suicide attack targeting a military academy in the Afghan capital killed at least five people early Tuesday, the first major assault in the city in months. No group immediately claimed responsibility for the dawn attack, which comes after nearly three m

Published 12 Feb, 2020 12:00am

Egypt says its population passes 100 million

Egypt's population has passed 100 million, its statistics agency said Tuesday, highlighting the threat of overpopulation in a poverty-stricken country where many live in crowded megacities. The North African country retains its position as the most populo

Published 12 Feb, 2020 12:00am

Founder of Ladysmith Black Mambazo dies

Joseph Shabalala, founder of South Africa's multiple Grammy-winning choral group, the Ladysmith Black Mambazo, has died, the choir said on Tuesday. He was 78.

Published 12 Feb, 2020 12:00am

South Africa marks 30 years since Mandela's prison release

South African President Cyril Ramaphosa on Tuesday marked the 30th anniversary of Nelson Mandela's release from jail with an address from the spot where the anti-apartheid icon made his first speech after walking out of prison. "It will forever be remembe

Published 12 Feb, 2020 12:00am

NATO Iraq plan could satisfy Trump: US official

A plan for NATO to expand its Iraq mission by taking personnel from the anti-IS coalition could satisfy President Donald Trump's call for more alliance action in the Middle East, a US official said Tuesday.

Published 12 Feb, 2020 12:00am

At least 15 refugees drown after boat sinks off Bangladesh

At least 15 women and children drowned and more than 50 others were missing after a boat overloaded with Rohingya refugees sank off southern Bangladesh as it tried to reach Malaysia Tuesday, officials said.

Published 12 Feb, 2020 12:00am

Lebanon parliament backs new government in confidence vote amid protests

Lebanon's parliament on Tuesday backed the cabinet and programme of incoming Prime Minister Hassan Diab in a confidence vote held despite attempts by protesters to block it.

Published 12 Feb, 2020 12:00am

Abbas warns UN on Trump's 'Swiss cheese' peace

Palestinian president Mahmud Abbas on Tuesday urged the UN Security Council to reject President Donald Trump's Middle East plan, saying it would splinter Palestinian lands and never bring lasting peace.

Published 12 Feb, 2020 12:00am

Commodities

CBOT corn futures lower on technical selling

Chicago Board of Trade corn futures slipped lower on Monday, as profit-taking saw corn paring most of its gains from the previous session, traders said. CBOT March corn settled down 1-3/4 cents at $3.81-3/4 per bushel.

Published 12 Feb, 2020 12:00am

PMEX daily trading report

On Monday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 4,138. The traded value of Metals, Energy and COTS/FX was recorded at PKR 3.228 billion and the number of lots traded was 5,465.

Published 12 Feb, 2020 12:00am

Energy

Asia's gasoline crack rises to three-month high

Asia's gasoline crack rose for the third straight session on Monday, reaching a near three-month high of $9.29 a barrel, as focus on shrinking supplies pushed the value higher. State refiners and teapot refineries in China, from PetroChina to Sinopec, CNO

Published 12 Feb, 2020 12:00am

Commodities

Russian wheat export prices fall last week

Export prices of Russian wheat fell last week for the second consecutive week as competition with other major wheat exporters has intensified and mild Russian winter weather favoured sowings, analysts said on Monday. Egypt, traditionally the second larges

Published 12 Feb, 2020 12:00am

Commodities

China's iron ore futures fall on demand concerns

Iron ore futures in China fell on Monday, as a rising death toll from the coronavirus outbreak dimmed demand prospects for the steelmaking raw material, and as stocks piled up at the country's ports amid industry shutdowns. The Dalian Commodity Exchange's

Published 12 Feb, 2020 12:00am

Business & Economy

Activities at Karachi and Port Qasim

The Karachi Port handled 113,942 tonnes of cargo comprising 66,295 tonnes of import cargo and 47,647 tonnes of export cargo including 6,573 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday. The total import cargos of 66

Published 12 Feb, 2020 12:00am

Cotton & Textile

Slow trading activity seen in cotton market

No visible change was seen on the cotton market on Tuesday as leading buyers were not taking interest in fresh deals due to lack of fresh leads, dealers said. The official spot rate was at Rs9100, they added. In the ready session, only 1600 bales of cotto

Published 12 Feb, 2020 12:00am

Energy

US natural gas futures fall to four-year low

US natural gas futures fell on Monday to their lowest in almost four-years on forecasts for less cold weather and lower heating demand over the next two weeks than earlier expected and a drop in global liquefied natural gas (LNG) prices to record lows.

Published 12 Feb, 2020 12:00am

Money & Banking

Turkish lira weakens

The Turkish lira weakened some 0.6% against the dollar on Tuesday as investors grew increasingly concerned about an escalation of violence between Syrian government forces and Turkish forces in northwest Syria.

Published 12 Feb, 2020 12:00am

Money & Banking

Yen, dollar in demand in Asia

The US dollar and Japanese yen were in demand on Tuesday, along with the bonds of both countries, as worries about the spread of coronavirus had investors heading for safe harbours.

Published 12 Feb, 2020 12:00am

Money & Banking

Dollar holds 4-month high in Europe

The dollar held at a four-month high against its rivals on Tuesday and approached within striking distance of a 2019 peak as investors eyed the start of a two-day testimony by the US central bank chief.

Published 12 Feb, 2020 12:00am

Money & Banking

Early trade in New York: dollar recedes as risk appetite improves

The dollar retreated from a four-month high against the euro on Tuesday as risk appetite improved, following a weeklong rally as investors chased higher returns in the United States.

Published 12 Feb, 2020 12:00am

Money & Banking

Dollar at 4-month highs against euro in New York

The dollar hit a four-month high against the euro on Monday as concerns about the coronavirus boosted demand for safe havens, while a bullish outlook for the US economy and weak data in the eurozone made the greenback more attractive than the single curre

Published 12 Feb, 2020 12:00am

Money & Banking

Bitcoin climbs to highest since September

Bitcoin jumped on Tuesday to its highest in nearly five months, extending a rally that has seen the price of the cryptocurrency gain by almost half this year.

Published 12 Feb, 2020 12:00am

Money & Banking

Asian forex: Emerging units gain on China stimulus hopes

Emerging Asian currencies strengthened on Tuesday, as a drop in new coronavirus cases and hopes for more stimulus by Beijing to prop up a virus-stricken economy improved risk appetite.

Published 12 Feb, 2020 12:00am

Money & Banking

Sterling bounces on economic growth data

Sterling enjoyed some respite on Tuesday after British economic growth showed no change in the fourth quarter despite market expectations that it would be slower.

Published 12 Feb, 2020 12:00am

Money & Banking

Cryptocurrency crime losses more than double to $4.5 billion in 2019

Losses from cryptocurrency crime surged to $4.52 billion last year, as insider theft soared even as hacking losses declined, according to a report from blockchain forensics company CipherTrace seen by Reuters.

Published 12 Feb, 2020 12:00am

Cricket

Steyn sets sights on World Cup

Dale Steyn is determined to be part of South Africa's squad for the T20 World Cup in Australia in October and November after switching his focus from Test cricket to the shortest form of the game.

Published 12 Feb, 2020 12:00am

Cricket

Warner takes step to cricket redemption with top Australia honour

David Warner's bid to redeem himself after a damaging ball-tampering scandal has taken another step forward with the opening batsman winning Australia's highest cricketing honour.

Published 12 Feb, 2020 12:00am

Football

Asia's AFC Cup matches postponed

AFC Cup football matches involving teams from East Asia have been postponed until April over the deadly coronavirus, the Asian Football Confederation said on Tuesday.

Published 12 Feb, 2020 12:00am

Cricket

ICC to use no-ball technology for women's World T20

Front-foot no ball technology will be used for the first time in a global cricket tournament later this month at the women's T20 World Cup in Australia, the International Cricket Council (ICC) announced on Monday.

Published 12 Feb, 2020 12:00am

Cricket

Foakes, Jennings earn calls

Ben Foakes and Keaton Jennings are back in England's Test squad for the first time in 12 months after being picked for the tour of Sri Lanka.

Published 12 Feb, 2020 12:00am

Other

Inter-College Athletic begins

University of Peshawar Inter-College Male Games got under way here University Campus here on Tuesday with Director General Sports and former international athlete Bahre Karam formally inaugurated the Championship.

Published 12 Feb, 2020 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 23	252.10

Gainers
Losers
Leaders

Stock	Price
Dewan Sugar / Dec 23 Dewan Sugar Mills Limited(DWSM)	6.60 ▲ 1.00 (17.86%)
Khalid Siraj / Dec 23 Khalid Siraj Textile Mills Limited(KSTM)	10.60 ▲ 1.00 (10.42%)
Masood Textile / Dec 23 Masood Textile Mills Limited(MSOT)	55 ▲ 5.00 (10.00%)
TRG Pak Ltd / Dec 23 TRG Pakistan Limited(TRG)	61.15 ▲ 5.56 (10.00%)
Frontier Ceram / Dec 23 Frontier Ceramics Limited(FRCL)	38.21 ▲ 3.47 (9.99%)
Mandviwala / Dec 23 Mandviwala Mauser Plastic Industries(MWMP)	15.08 ▲ 1.37 (9.99%)
Abdullah Shah / Dec 23 Abdullah Shah Ghazi Sugar Mills Limited(AGSML)	6.75 ▲ 0.54 (8.70%)
F.Treet Manuf / Dec 23 First Treet Manufacturing Modaraba(FTMM)	4.89 ▲ 0.39 (8.67%)
Popular Islamic / Dec 23 Popular Islamic Modaraba(PIM)	14.90 ▲ 1.16 (8.44%)

Stock	Price
First Elite Cap.Mod / Dec 23 First Elite Capital Modaraba(FECM)	6 ▼ -0.85 (-12.41%)
Oilboy Energy / Dec 23 Oilboy Energy Limited(OBOY)	10.25 ▼ -1.14 (-10.01%)
Dar-es-Salaam / Dec 23 Dar-es-Salaam Textile Mills Limited(DSML)	42.01 ▼ -4.58 (-9.83%)
Chashma / Dec 23 Chashma Sugar Mills Limited(CHAS)	62.55 ▼ -6.65 (-9.61%)
Mehmood Tex / Dec 23 Mehmood Textile Mills Limited(MEHT)	635 ▼ -65.00 (-9.29%)
Dadabhoy Cement / Dec 23 Dadabhoy Cement Industries Limited(DBCI)	5.96 ▼ -0.58 (-8.87%)
Hallmark Co. / Dec 23 Hallmark Company Limited(HCL)	703.02 ▼ -65.93 (-8.57%)
Kohinoor Textile / Dec 23 Kohinoor Textile Mills Limited(KTML)	110.18 ▼ -9.70 (-8.09%)
MCB Invest. Managmt. / Dec 23 MCB Investment Management Limited(MCBIM)	61 ▼ -4.56 (-6.96%)

Stock	Volume
WorldCall Telecom / Dec 23 Worldcall Telecom Limited(WTL)	99,942,750 ▲ 0.07
Pace (Pak) Ltd. / Dec 23 Pace (Pakistan) Limited(PACE)	43,280,462 ▲ 0.16
K-Electric Ltd. / Dec 23 K-Electric Limited(KEL)	40,644,312 ▲ 0.08
Sui South Gas / Dec 23 Sui Southern Gas Company Limited(SSGC)	40,619,788 ▼ -0.54
Cnergyico PK / Dec 23 Cnergyico PK Limited(CNERGY)	30,423,419 ▲ 0.07
B.O.Punjab / Dec 23 The Bank of Punjab(BOP)	29,495,012 ▲ 0.02
Pak Elektron / Dec 23 Pak Elektron Limited(PAEL)	23,717,939 ▲ 2.23
Symmetry Group / Dec 23 Symmetry Group Limited(SYM)	21,897,051 ▼ -0.02
Hub Power Co. / Dec 23 The Hub Power Company Limited(HUBC)	20,727,996 ▲ 0.45

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