News Archives for Print - 2020-02-13

Print - 2020-02-13

Non-utilisation of Rs 140 billion funds: PSDP releases to ministries put on hold

The Ministry of Planning and Development put on hold the Public-Sector Development Programme (PSDP) releases to the ministries, which have failed in utilisation of less than 20 percent funds released in the first two quarters of the current financial year

Published 13 Feb, 2020 12:00am

Erdogan arrives today

President of Turkey Recep Tayyip Erdogan will arrive here on Thursday (today) on a two-day official visit for "further deepening and broadening of the flourishing Pakistan-Turkey strategic partnership". According to the Foreign Office spokesperson, Aisha

Published 13 Feb, 2020 12:00am

Pakistan, Turkey likely to ink SEF

Pakistan and Turkey are likely to ink Strategic Economic Framework (SEF) during the visit of Turkish President Recep Tayyip Erdogan, including defence, finance, trade, economy, customs, agriculture, banking and finance etc, well-informed sources told B

Published 13 Feb, 2020 12:00am

No single coronavirus case confirmed in country: Dr Zafar

Special Assistant to the Prime Minister on Health Dr Zafar Mirza declared on Wednesday there had not been a single confirmed case of coronavirus in the country. Mirza, while briefing Senate Standing Committee on National Health Services Regulations and Co
Published 13 Feb, 2020 12:00am

Country has entered period of stagflation: IMF team told

The International Monetary Fund (IMF), while expressing concern over the Federal Board of Revenue's (FBR's) performance, has suggested harmonization of general sales tax (GST), creating fiscal space for increasing spending on sustainable development goals
Published 13 Feb, 2020 12:00am

Items subjected to lower tax rates: 17 percent GST may be levied to raise Rs 200 billion

The Federal Board of Revenue (FBR) may impose a standard rate of 17 percent sales tax on certain items subjected to lower rates of sales tax (5, 7.5 and 10 percent) and withdraw some existing sales tax exemptions to generate additional revenue of Rs200 bi
Published 13 Feb, 2020 12:00am

Hafeez lays bare grim facts about economy

The Advisor to the Prime Minister on Finance Dr Abdul Hafeez Sheikh on Wednesday criticised the opposition lawmakers in National Assembly for their 'unfair criticism' on the government's 'tough' economic policies. Speaking on a motion on the economic cond
Published 13 Feb, 2020 12:00am

July-January remittances exceed $13 billion

Inflows of home remittances crossed $13 billion mark during first seven months of this fiscal year (FY20). The State Bank of Pakistan (SBP) Wednesday reported that overseas Pakistani workers remitted $ 13.302 billion during July to January of FY20 compare
Published 13 Feb, 2020 12:00am

Stocks
KSE-100 Index crosses 40,000 level: BRIndex100 rallies

Despite foreign selling, Pakistan Stock Exchange Wednesday witnessed a bullish trend on the back of aggressive buying, mainly by local investors. BRIndex100 gained 93.58 points or 2.26 percent to close at 4,230.47 points. BRIndex100 touched intraday high
Published 13 Feb, 2020 12:00am

OPEC says coronavirus to trim 2020 oil demand, weighs output cut

OPEC on Wednesday cut its forecast for global growth in oil demand this year due to the coronavirus outbreak and said its output fell sharply in January as producers implemented a new supply-limiting pact. In a report, OPEC said 2020 demand for its crude
Published 13 Feb, 2020 12:00am

Prevention of content about terrorism, national security & other issues: Government notifies Citizens Protection (Against Online Harm) Rules

The government has notified Citizens Protection (Against Online Harm) Rules, 2020 to ensure prevention of online content related to terrorism, extremism, hate speech, defamation, fake news, incitement to violence and national security.
Published 13 Feb, 2020 12:00am

Azhar reiterates commitment to FATF action plan: Plenary meetings begin from February 16

Federal Minister for Economic Affairs, Hammad Azhar Wednesday said Pakistan remained committed to the earliest completion of its Financial Action Task Force (FATF) action plan, as the plenary meetings of the global watchdog were scheduled to begin from Fe
Published 13 Feb, 2020 12:00am

Hafiz Saeed jailed for terrorism financing

An anti-terrorism court Wednesday sentenced Jamatud Dawa (JuD) chief Hafiz Muhammad Saeed and his aide Malik Zafar Iqbal for five and half years Rigorous Imprisonment (RI) each in two cases of terrorism financing.
Published 13 Feb, 2020 12:00am

Government to back startups: PM

Prime Minister Imran Khan on Wednesday said with startups playing a key role in economic growth and financial inclusion, the government would facilitate talented entrepreneurs in transforming their innovative ideas into sustainable businesses.
Published 13 Feb, 2020 12:00am

Letter bombs hit Dutch firms in extortion bid

A suspected blackmailer believed to have sent two letter bombs which exploded at offices in the Netherlands on Wednesday has demanded payment in bitcoins, Dutch police said. No one was hurt in the blasts in the mailroom of an ABN AMRO bank office in Amste
Published 13 Feb, 2020 12:00am

UN identifies 112 firms linked to illegal Israeli settlements

The UN has released a list of 112 companies with activities in Israeli settlements, which are considered illegal under international law, including Airbnb, Expedia and TripAdvisor.
Published 13 Feb, 2020 12:00am

SC raises questions over appointment of PIA CEO

The Supreme Court on Wednesday questioned how a person who joined Pakistan International Airlines (PIA) on deputation could be appointed its chief executive officer (CEO). A three-member bench headed by Chief Justice Gulzar Ahmed heard Air Marshal Arshad
Published 13 Feb, 2020 12:00am

KCR be made fully operational within three months: SC

The Supreme Court on Wednesday directed the federal government to make Karachi Circular Railway (KCR) operational within one month, and ML-1 project fully operational within two years.
Published 13 Feb, 2020 12:00am

IT & Computers
UK starts setting up 'first internet watchdog'

The British government said Wednesday it planned to allow its broadcast regulator to police the internet and issue "substantial fines" when social media giants fail to remove online harms.
Published 13 Feb, 2020 12:00am

Daroo sends legal notice to FPCCI president, S-G

The controversy on nomination for the President of SAARC Chamber of Commerce and Industry is likely to land in court as the key affectee, former President FPCCI, Daroo Khan has sent a legal notice to incumbent President FPCCI, Anjum Nisar and Secretary-Ge
Published 13 Feb, 2020 12:00am

Tariq Pasha to become new FBR chief?

Former chairperson of the Federal Board of Revenue (FBR) and secretary Kashmir Affairs Tariq Pasha has emerged as front-runner for the position of FBR chairmanship. It is learnt that Tariq Pasha worked as FBR chairperson from July 2017 to July 2018.
Published 13 Feb, 2020 12:00am

Sanders, Buttigieg emerge as frontrunners in Democratic race

Bernie Sanders and Pete Buttigieg stepped forward Wednesday as undisputed frontrunners in the race to take on President Donald Trump in November after finishing first and second in the New Hampshire primary.
Published 13 Feb, 2020 12:00am

B2C transactions: SBP enhances payment limits against freelance services

In order to broaden the scope of business-to-customer (B2C) transactions through legal channel, the State Bank of Pakistan (SBP) has enhanced payment limits against freelance services in computer and information systems and other freelance services from $
Published 13 Feb, 2020 12:00am

Three Pakistanis infected with coronavirus cured: Chinese embassy

The Embassy of China on Wednesday said that three Pakistani nationals infected with coronavirus had been cured and discharged from the country's hospitals.
Published 13 Feb, 2020 12:00am

European envoys check India's 'loosening' of IOK clampdown

More than two dozen diplomats are visiting Indian-occupied Kashmir, New Delhi said on Wednesday, as the country tries to reassure foreign allies following several months of unrest in the contested territory.
Published 13 Feb, 2020 12:00am

WhatsApp defends encryption as it tops 2 billion users

The Facebook-owned messaging service WhatsApp said Wednesday it now has more than two billion users around the world as it reaffirmed its commitment to strong encryption to protect privacy.
Published 13 Feb, 2020 12:00am

Letters
Something is rotten in the state of Denmark!

Ailing Federal Board of Revenue (FBR) chairman Syed Shabbar Zaidi had appreciated the profundity of humungous Rs 5.5 trillion tax collection target for financial year 2019-20. Not only did prime minister Imran Khan express his full confidence in the compe
Published 13 Feb, 2020 12:00am

Articles
From wind power to cow manure: oil traders seek new profit recipe

The world's largest oil traders are pouring hundreds of millions of dollars into climate-friendly projects - including wind farms, cow manure plants and blue hydrogen - as they seek to match the profits they make from trading oil.
Published 13 Feb, 2020 12:00am

Articles
Restructuring of FBR - the only way forward!

Due to inherent weaknesses in the Federal Board of Revenue (FBR), successive governments have tried to expand the tax base of the country, fix excessive scope of discretion and rent-seeking behaviour, eliminate corruption, tax evasion, complex and non-tra
Published 13 Feb, 2020 12:00am

Articles
All roads lead to Beijing

There is one area where all are on the same page: Export growth. Everyone is for it. The trouble is not everyone reads the page the same way. How else do you explain the numbers? The tug of war within the government is quite apparent: the pious part promi
Published 13 Feb, 2020 12:00am

Ehsan's 'escape'

The issue of former Tehreek-i-Taliban Pakistan's (TTP's) spokesman Ehsanullah Ehsan's 'escape' from the custody of the security agencies resonated in both houses of parliament on February 10, 2020. In the National Assembly (NA), the issue was first raised
Updated 13 Feb, 2020 06:30am

Independent foreign policy dependent upon economic stability

Foreign Minister Shah Mehmud Qureshi during his lecture on "Strategic Importance of Economic Diplomacy for Pakistan in the Twenty First Century" highlighted a home truth repeatedly articulated by the founding Editor of Business Recorder the late M
Updated 13 Feb, 2020 06:30am

SSGC arrests two gas thieves

In the continuity of gas theft operation SSGC has arrested 2 more gas thieves. Recently, a raid was conducted at a hotel in Mehran Town, where the owner was accessing gas directly from distribution pipelines.
Published 13 Feb, 2020 12:00am

Agreement with IMF: Bilawal urges government to renegotiate conditions

Pakistan People's Party (PPP) Chairperson Bilawal Bhutto-Zardari, while criticising the Pakistan Tehreek-e-Insaf (PTI) for "record inflation" and "borrowing" urged the government to re-negotiate the terms and conditions of its agreement with the Internati
Published 13 Feb, 2020 12:00am

Business & Economy
Soomro briefed on status of to be privatised entities

Federal Minister for Privatisation Mohammedmian Soomro chaired a meeting to review progress made so far in the privatisation of selected public sector entities (PSEs). Transaction managers, consultants and senior officials of the ministry attended the mee
Published 13 Feb, 2020 12:00am

US national's extradition: IHC reserves verdict in ICA

The Islamabad High Court (IHC) on Wednesday reserved verdict in an intra-court appeal (ICA) against extradition of a US national of Pakistan origin, Talha Haroon, allegedly involved in hatching conspiracy to carry out terrorist activity in New York, to th
Published 13 Feb, 2020 12:00am

SCBA, PBC condemn NAB for summoning Bilawal

The Supreme Court Bar Association and the Pakistan Bar Council have condemned the call-up notice to Pakistan People's Party (PPP) Chairperson Bilawal Bhutto-Zardari by the National Accountability Bureau (NAB) summoning him in the fake accounts case.
Published 13 Feb, 2020 12:00am

NAB to file another corruption reference against Khaqan, others

The National Accountability Bureau (NAB) has started to further tighten the noose around former Prime Minister Shahid Khaqan Abbasi as the anti-graft body on Wednesday decided to file another corruption reference against him and others.
Published 13 Feb, 2020 12:00am

Foreign funding case: ECP faces major challenge owing to PTI, PML-N, PPP's lack of interest

The lack of interest of all the three major political parties, the Pakistan Tehreek-e-Insaf (PTI), the Pakistan Muslim League-Nawaz (PML-N) and the Pakistan People's Party (PPP) to pursue the foreign funding case, appears to be a major challenge for the E
Published 13 Feb, 2020 12:00am

All-out efforts under way to resolve problems of businessmen: Firdous

Special Assistant to Prime Minister on Information and Broadcasting Dr. Firdous Ashiq Awan on Wednesday said that government was mobilizing all available resources and channels to address the problems confronted by the business community the backbone of n
Published 13 Feb, 2020 12:00am

PIMA organises basic life support training sessions at 48 mosques

Pakistan Islamic Medical Association (PIMA) arranged as Basic Life Support (BLS) training sessions for the general public at 48 mosques across the county, said cardiologist and In-charge PIMA Lifesaving Project Dr. Habib Aslam Gaba.
Published 13 Feb, 2020 12:00am

Thatta water supply reference: Defence counsel asked to argue on Majeed's acquittal plea

The Accountability Court hearing multi-billion rupees fake bank accounts cases on Wednesday directed defence counsel to argue before it regarding acquittal plea filed by Khawaja Abdul Ghani Majeed, one of the accused in Thatta water supply reference.
Published 13 Feb, 2020 12:00am

SAP to support Pakistan's nationwide digital transformation plan

SAP has underscored its Pakistan investment plan to support Digital Pakistan's nationwide digital transformation, diversified economic growth, and digital job creation, following a meeting between the Prime Minister Imran Khan and SAP Co-CEO Christian Kle
Published 13 Feb, 2020 12:00am

Senate panel expresses reservations over increase in Hajj package

The Senate Standing Committee on Religious Affairs on Wednesday expressed serious reservations over the increase in Rs 105,000 in the government Hajj scheme package for 2020 The meeting chaired by Maulana Abdul Ghafoor Haideri directed the religious affa
Published 13 Feb, 2020 12:00am

Gold prices down by Rs 100

Gold on Wednesday was traded for Rs 90350 per tola, down by Rs 100 on the local market, traders said. The yellow metal was available for Rs 77461 per 10 grams, down by Rs 85 and $1566 an ounce, down by $4. Silver was selling for Rs 1000 per tola, Rs 857.3
Published 13 Feb, 2020 12:00am

Senate body deliberates on numerical strength of Upper House

A Senate panel on Wednesday witnessed a general consensus on not bringing a cut in the numerical strength of the Upper House of the Parliament after eight members from the erstwhile Federally Administered Tribal Areas (Fata) retire - four on March 11, 202
Published 13 Feb, 2020 12:00am

National Women's Day: Need stressed for empowering country's women

Speakers at a seminar to mark the National Women's Day on Wednesday highlighted how the state repeatedly suppressed the women's struggle for their rights but stressed that success is something that is achieved over the time with continuous struggle and de
Published 13 Feb, 2020 12:00am

Murad for new traffic management plan to ease congestion

Sindh Chief Minister Syed Murad Ali Shah has said that the traffic jams and poor traffic flow on important roads in the city during rush hours is the manifestation of poor traffic planning and management, therefore a new plan to manage traffic in Saddar,
Published 13 Feb, 2020 12:00am

Whistle blower policy launched in TEVTA Punjab: chairman

Technical Education and Vocational Training Authority (TEVTA) launches whistle blower policy under which complains regarding corruption, inefficiency and misconduct etc in TEVTA Institutions could be reported through social media, email or letter on which
Published 13 Feb, 2020 12:00am

Business & Economy
Torkham border terminal: NLC rejects FBR's report of providing inadequate facilities

The National Logistics Cell (NLC) has categorically rejected the Federal Board of Revenue (FBR)'s fact finding report blaming the NLC for providing inadequate facilities at Torkham Border terminal.
Published 13 Feb, 2020 12:00am

Unique way to attract children in polio campaign

A A Joyland (Pvt) Ltd has introduced an innovative idea to attract children in the recent polio eradication campaign. The company has joined hands with Pakistan Polio Eradication Programme under which they would hand over free vouchers of Aladin Amusement
Published 13 Feb, 2020 12:00am

Navy's maritime exercise 'SEASPARK-20' begins

Opening Ceremony of Pakistan Navy's major maritime exercise SEASPARK-20 was held at Karachi. The biennial exercise is steered to assess war preparedness & validate operational plans of Pakistan Navy in cognizance to emerging regional and global challenges
Published 13 Feb, 2020 12:00am

Appointment of provincial ombudsman: Sindh government, respondents issued notices on plea

Sindh High Court (SHC) on Wednesday issued notices to Sindh government and other respondents on a petition challenging a law that empowered chief minister to appoint provincial ombudsman.
Published 13 Feb, 2020 12:00am

Business & Economy
Survey finds quality of commodities available at USC outlets 'substandard'

Utility stores in rural areas and those away from major urban markets spotted inadequate stores of the five commodities that the cabinet decided to subsidize through an injection of Rs 2 billion per month, an anecdotal survey carried out by Business Re
Published 13 Feb, 2020 12:00am

NICVD conducts certification & appreciation ceremony

National Institute of Cardiovascular Diseases (NICVD) proudly conducted Certification and Appreciation Ceremony for its fellows. The ceremony was held on Wednesday. A total of 53 fellows were awarded certificates for successfully completing post-fellowsh
Published 13 Feb, 2020 12:00am

Minister pledges to make Helpline 1093 more effective

Sindh Minister for Information, Local Government, Housing, Town Planning, Religious Affairs, Forest & Wildlife, Syed Nasir Hussain Shah has said that HelpLine 1093 would be made more effective so that people having complaints against any of the institutio
Published 13 Feb, 2020 12:00am

PSQCA seals illegal cosmetics factory

PSQCA on Wednesday sealed an illegal cosmetics factory, seizing huge quantity of prepared stock in Khanpur. Special team of two officers raided the factory situated at Old Cinema Road Khanpur and found skin cream and shampoo of different brands were being
Published 13 Feb, 2020 12:00am

Cotton & Textile
DGCV revises customs value of polyester filament yarn

Directorate General of Customs Valuation (DGCV) has revised the customs values of Polyester Filament Yarn (PFY) under sub-section (9) of the section 25 of the Customs Act, 1969.
Published 13 Feb, 2020 12:00am

Energy
Off & on closure of CNG stations adds to commuters' woes

The five to six days weekly closure of compressed natural gas (CNG) stations has compounded the problems of commuters, as they face shortage of public transport vehicles.
Published 13 Feb, 2020 12:00am

Two multi-story buildings built on KCR route demolished

Anti-encroachment teams of Pakistan Railways demolished two multi-story buildings which were 'illegally' built on the land of Karachi Circular Railway (KCR) near Gilani Railway Station in Gulshan-e-Iqbal during last two days, amid resistance from the occu
Published 13 Feb, 2020 12:00am

Business & Economy
Erdogan visits Pakistan: 'Trade volume can be increased up to $2 billion with some joint efforts'

"The visit of Turkish President Tayyip Erdogan to Pakistan would be a golden opportunity for both Muslim countries to enhance trade and business relations and the trade volume between Turkey and Pakistan can be increased as high as US two billion dollars
Published 13 Feb, 2020 12:00am

Punjab to introduce new policy for plastic bags: minister

Punjab government is going to introduce a new policy regarding plastic bags by incorporating the reforms introduced by Sindh and Khyber Pakhtunkhawa.
Published 13 Feb, 2020 12:00am

Youth valuable resource in journey towards development: Alvi

President Dr Arif Alvi on Wednesday said the world was looking towards an emerging Pakistan for its immense potential and called upon the nation to well-prepare itself to exploit the upcoming opportunities of prosperity.
Published 13 Feb, 2020 12:00am

PFA seals 12 eateries

The Punjab Food Authority (PFA) on Wednesday closed down four food businesses while carrying out an operation under the supervision of its Director General Irfan Memon against adulterators, unhygienic food points and food processing units in the area of P
Published 13 Feb, 2020 12:00am

Protests, sit-ins not in country's interest: Sarwar

Punjab Governor Chaudhry Mohammad Sarwar has said that holding protest demonstrations or sit-ins are in no way in the country's interest when it is stabilizing economically.
Published 13 Feb, 2020 12:00am

Business & Economy
Punjab government to build 1.37 million houses in next three years

The Punjab Housing and Town Planning Agency (PHATA) has prepared a plan to build 1.37 million houses of three and five marlas in different cities of the province in next three years.
Published 13 Feb, 2020 12:00am

Business & Economy
PCJCCI praises China for fighting against coronavirus

Pakistan China Joint Chamber of Commerce and Industry (PCJCCI) has expressed solidarity with the people of China in fighting against the dreadful coronavirus.
Published 13 Feb, 2020 12:00am

CM terms Punjab's Ehsas plan a big step in right direction

Terming 'Ehsas Punjab Programme' as an important step towards fulfilling the agenda of change, Chief Minister Punjab Sardar Usman Buzdar on Wednesday said this programme would ameliorate a lot of common man by providing necessary assistance to the impecun
Published 13 Feb, 2020 12:00am

Business & Economy
Business community optimistic about increase in Pak-Turk trade

Business community welcoming the visit of Turkish President Tayyip Erdogan to Pakistan a golden opportunity for both countries to enhance trade and business relations expressed hope that the trade volume between Turkey and Pakistan can be increased as hig
Published 13 Feb, 2020 12:00am

PSMA slams arrest of sugar dealers

Pakistan Sugar Mills Association (PSMA) Punjab Chairman Nauman Khan has termed the government step of arresting sugar dealers as a very inappropriate step, especially when the commodity is available in abundance in the market.
Published 13 Feb, 2020 12:00am

Articles
Partly Facetious: Buzdar is a PM's nominee

"So has The Khan finally realized that his long term party loyalists in the Cabinet are the only defenders in public of the policies of the selected?"
Published 13 Feb, 2020 12:00am

Business & Economy
Investment-friendly policies attracting investors: PM

Prime Minister Imran Khan on Wednesday said the government's investment-friendly policy was creating immense opportunities for foreign investors to explore diverse sectors.
Published 13 Feb, 2020 12:00am

Stocks
Capital market intermediaries: SECP simplifies licencing regime

The Securities and Exchange Commission of Pakistan (SECP) has simplified the licensing regime for capital market intermediaries through amending the regulations regulating Underwriter, Bankers, and Securities and Futures advisors.
Published 13 Feb, 2020 12:00am

Taxes
Senate body rejects tax laws

A meeting of the senate standing committee on finance has taken exception to the absence of adviser to prime minister on finance and secretary finance from the committee meeting.
Published 13 Feb, 2020 12:00am

Business & Economy
Gwadar's new master plan highlights factors behind economic prosperity

Gwadar's population is set to exceed 2 million people in the long-term with high paid expatriate professionals accounting for up to 80 percent of the population, according to the new Gwadar Smart City Master Plan.
Published 13 Feb, 2020 12:00am

Brief Recordings
Shifa International Hospitals Limited

Shifa International Hospitals Limited (PSX: SHFA) was established in 1987as a private limited company and became public in 1989. Currently it is present in two cities, two facilities in Islamabad and one in Faisalabad.
Updated 13 Feb, 2020 04:21am

IT & Computers
Facebook purges more accounts linked to Russia in new crackdown

Facebook said Wednesday it purged dozens of accounts linked to Russian military intelligence in the latest effort to root out manipulation and disinformation of the huge social network.
Published 13 Feb, 2020 12:00am

US-Taliban breakthrough appears closer as Ghani reports progress

The US and the Taliban appeared closer Wednesday to sealing a deal for an American troop withdrawal from Afghanistan, after Afghan President Ashraf Ghani reported "notable progress" in negotiations and a senior Taliban official said violence could be slas
Published 13 Feb, 2020 12:00am

Britain starts setting up 'first internet watchdog'

The British government said Wednesday it planned to allow its broadcast regulator to police the internet and issue "substantial fines" when social media giants fail to remove online harms.
Published 13 Feb, 2020 12:00am

Four survive 32 days adrift in Pacific

Four people survived a month adrift in the Pacific by eating coconuts and drinking rainwater in an ordeal that claimed the lives of eight of their companions, including a baby, reports said Wednesday. The group, from Papua New Guinea's Bougainville provin
Published 13 Feb, 2020 12:00am

UK threatens Commonwealth funds over procurement concerns

Britain has threatened to withhold part of its funding for the organisation that runs the Commonwealth amid concerns about the way it awards contracts, the Foreign Office said on Wednesday.
Published 13 Feb, 2020 12:00am

NATO agrees to expand Iraq training mission

NATO defence ministers agreed Wednesday to expand the alliance's training mission in Iraq, responding to US President Donald Trump's demand for more action from allies in the Middle East.
Published 13 Feb, 2020 12:00am

Indian police detain journalist covering citizenship protests

Indian authorities should drop their criminal investigation into journalist Mohammed Mubashiruddin Khurram and allow reporters to cover protests without fear of arrest or detention, the Committee to Protect Journalists said on Tuesday.
Published 13 Feb, 2020 12:00am

Global Business Economy
Turkey, Russia trade accusations as Syria tensions rise

Turkey's president accused Russia of committing "massacres" in its support of the Syrian government on Wednesday, escalating a war of words as more Turkish reinforcements arrived on the ground.
Published 13 Feb, 2020 12:00am

China's new coronavirus cases drop, world still scared

China reported on Wednesday its lowest number of new coronavirus cases in two weeks, bolstering a forecast by Beijing's senior medical adviser for the outbreak there to end by April, but UN health authorities warned it could still "go in any direction".
Published 13 Feb, 2020 12:00am

Energy
Asia's gasoline rises on tight supplies

Asia's gasoline crack rose for the fourth straight session on Tuesday to hover near a three-month high of $9.35 a barrel, as heavy refinery run cuts in China drove the value higher.
Published 13 Feb, 2020 12:00am

PMEX daily trading report

On Tuesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 4,152.
Published 13 Feb, 2020 12:00am

Commodities
European wheat falls on Egyptian tender disappointment

European wheat in Paris fell on Tuesday on disappointment that no offer had been made for French wheat in Egypt's international purchase tender and as a US government report forecast larger global wheat stocks than expected.
Published 13 Feb, 2020 12:00am

Commodities
Canadian canola futures ease

ICE Canadian canola futures eased on Tuesday, with little firm direction, as traders focused on advancing positions to the next contract month.
Published 13 Feb, 2020 12:00am

Business & Economy
Activities of Karachi Port and Port Qasim

The Karachi Port handled 186,639 tonnes of cargo comprising 114,882 tonnes of import cargo and 71,757 tonnes of export cargo including 8,636 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday.
Published 13 Feb, 2020 12:00am

Cotton & Textile
Moderate business activity seen on cotton market

Ginners showed less interest in fresh deals on the cotton market on Wednesday owing to lack of fresh leads, dealers said.
Published 13 Feb, 2020 12:00am

Commodities
CBOT wheat futures tumble to six-week low

Chicago Board of Trade wheat futures tumbled on Tuesday, with the March contract hitting its lowest since December on signs of adequate global supplies and what appeared to be fund-driven long liquidation, traders said.
Published 13 Feb, 2020 12:00am

Money & Banking
Trade-exposed units up in Asia

Trade-exposed Asian currencies edged ahead on Wednesday, buoyed by optimism that the spread of coronavirus had slowed, while the kiwi leapt after the central bank dropped its easing bias.
Published 13 Feb, 2020 12:00am

Money & Banking
Hedge funds spur dollar demand in Europe

The dollar held near a four-month high on Wednesday on growing hopes the spread of the coronavirus had slowed, encouraging hedge funds to step up purchases of the relatively higher-yielding greenback.
Published 13 Feb, 2020 12:00am

Money & Banking
Early trade in New York: Dollar gains on optimism coronavirus will be contained

The greenback gained on Wednesday, but held just below four-month highs reached a day earlier against the euro, as investors put more money into US stock markets on greater optimism that the coronavirus will be contained.
Published 13 Feb, 2020 12:00am

Money & Banking
Dollar recedes from four-month highs in New York

The dollar retreated from a four-month high against the euro on Tuesday as risk appetite improved after a weeklong rally helped by a safe-haven bid fueled by fears over China's coronavirus outbreak.
Published 13 Feb, 2020 12:00am

Money & Banking
Brazilian real's new low brings year-to-date loss to almost 8pc

Another day, another record low for the Brazilian real against the dollar.
Published 13 Feb, 2020 12:00am

Money & Banking
Asian forex: Export-dependent units take comfort

Currencies of export-focused Asian countries notched gains against the dollar on Wednesday, as a slowdown in the pace of new coronavirus infections fuelled hopes that the worst of the epidemic might be over.
Published 13 Feb, 2020 12:00am

Money & Banking
Turkish lira weakens

Turkey's lira weakened nearly 0.8% on Wednesday to its lowest point since last May, after President Tayyip Erdogan warned Syrian government forces against targeting more Turkish soldiers in northwestern Syria.
Published 13 Feb, 2020 12:00am

Money & Banking
Sterling holds ground against other currencies

Sterling was a touch firmer on Wednesday, holding its ground against other major currencies in the absence of any major economic data or news related to trade talks with the European Union.
Published 13 Feb, 2020 12:00am

Previous Day

Forex
World
Commodity

Currency Rate

USD PKR Interbank Selling / Nov 22

277.85

USD PKR Interbank Buying / Nov 22

277.65

USD to Japanese Yen / Nov 23

154.78

USD to Swiss Franc / Nov 23

0.89

Pound Sterling to USD / Nov 23

1.25

Euro to USD / Nov 23

1.04

Stock Volume

S&P 500 / Nov 22

5,969.34

India Sensex / Nov 22

79,117.11

Tokyo Nikkei / Nov 22

38,283.85

Nasdaq / Nov 22

18,003.65

Hang Seng / Nov 22

19,229.97

FTSE 100 / Nov 22

8,262.08

Dow Jones / Nov 22

44,296.51

Germany DAX 30 / Nov 22

19,322.59

Item Value

Karachi Cotton PKR/37.32 KG / Nov 22

17,785

Gold 10 Grams PKR / Nov 22

240,483

Crude Oil USD/Barrel / Nov 23

71.24

Gold Spot USD/Ounce / Nov 23

2,716.19

Cotton US¢/pound / Nov 23

70.77

Petrol/Litre / Nov 24

248.38

Gainers
Losers
Leaders

Stock Price

786 Invest Ltd / Nov 24

786 Investments Limited(786)

6.82

▼ 0.00 (0.00%)

AL-Abbas Sugar / Nov 24

Al-Abbas Sugar Mills Limited(AABS)

593.76

▼ 0.00 (0.00%)

Agro Allianz / Nov 24

Agro Allianz Limited(AAL)

16

▼ 0.00 (0.00%)

AL-Abid Silk / Nov 24

Al-Abid Silk Mills Limited(AASM)

3.49

▼ 0.00 (0.00%)

Ali Asghar / Nov 24

Ali Asghar Textile Mills Limited(AATM)

70.89

▼ 0.00 (0.00%)

Allied Bank / Nov 24

Allied Bank Limited(ABL)

120.21

▼ 0.00 (0.00%)

Abbott Lab. / Nov 24

Abbott Laboratories (Pakistan) Limited(ABOT)

1,023.10

▼ 0.00 (0.00%)

Abson Ind. / Nov 24

Abson Industries Limited(ABSON)

2.50

▼ 0.00 (0.00%)

Alfalah ETF. / Nov 24

Alfalah Consumer Index ETF.(ACIETF)

12.55

▼ 0.00 (0.00%)

Stock Price

786 Invest Ltd / Nov 24

786 Investments Limited(786)

6.82

▲ 0.00 (0.00%)

AL-Abbas Sugar / Nov 24

Al-Abbas Sugar Mills Limited(AABS)

593.76

▲ 0.00 (0.00%)

Agro Allianz / Nov 24

Agro Allianz Limited(AAL)

16

▲ 0.00 (0.00%)

AL-Abid Silk / Nov 24

Al-Abid Silk Mills Limited(AASM)

3.49

▲ 0.00 (0.00%)

Ali Asghar / Nov 24

Ali Asghar Textile Mills Limited(AATM)

70.89

▲ 0.00 (0.00%)

Allied Bank / Nov 24

Allied Bank Limited(ABL)

120.21

▲ 0.00 (0.00%)

Abbott Lab. / Nov 24

Abbott Laboratories (Pakistan) Limited(ABOT)

1,023.10

▲ 0.00 (0.00%)

Abson Ind. / Nov 24

Abson Industries Limited(ABSON)

2.50

▲ 0.00 (0.00%)

Alfalah ETF. / Nov 24

Alfalah Consumer Index ETF.(ACIETF)

12.55

▲ 0.00 (0.00%)

Stock Volume

WorldCall Telecom / Nov 24

Worldcall Telecom Limited(WTL)

177,135,830

▲ 0.00

K-Electric Ltd. / Nov 24

K-Electric Limited(KEL)

124,131,268

▲ 0.00

Hascol Petrol / Nov 24

Hascol Petroleum Limited(HASCOL)

105,013,176

▲ 0.00

Fauji Foods Ltd / Nov 24

Fauji Foods Limited(FFL)

77,697,371

▲ 0.00

Treet Battery / Nov 24

Treet Battery Limited(TBL)

43,783,366

▲ 0.00

B.O.Punjab / Nov 24

The Bank of Punjab(BOP)

36,573,763

▲ 0.00

Sui South Gas / Nov 24

Sui Southern Gas Company Limited(SSGC)

32,719,678

▲ 0.00

PIA Holding Co.Ltd / Nov 24

PIA Holding Company Limited(PIAHCLA)

27,969,689

▲ 0.00

Cnergyico PK / Nov 24

Cnergyico PK Limited(CNERGY)

25,874,820

▲ 0.00

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Gold price per tola increases Rs2,500 in Pakistan

Rupee records marginal gain against US dollar

Currency	Rate
USD PKR Interbank Selling / Nov 22	277.85
USD PKR Interbank Buying / Nov 22	277.65
USD to Japanese Yen / Nov 23	154.78
USD to Swiss Franc / Nov 23	0.89
Pound Sterling to USD / Nov 23	1.25
Euro to USD / Nov 23	1.04

Stock	Volume
S&P 500 / Nov 22	5,969.34
India Sensex / Nov 22	79,117.11
Tokyo Nikkei / Nov 22	38,283.85
Nasdaq / Nov 22	18,003.65
Hang Seng / Nov 22	19,229.97
FTSE 100 / Nov 22	8,262.08
Dow Jones / Nov 22	44,296.51
Germany DAX 30 / Nov 22	19,322.59

Item	Value
Karachi Cotton PKR/37.32 KG / Nov 22	17,785
Gold 10 Grams PKR / Nov 22	240,483
Crude Oil USD/Barrel / Nov 23	71.24
Gold Spot USD/Ounce / Nov 23	2,716.19
Cotton US¢/pound / Nov 23	70.77
Petrol/Litre / Nov 24	248.38

Stock	Price
786 Invest Ltd / Nov 24 786 Investments Limited(786)	6.82 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 24 Al-Abbas Sugar Mills Limited(AABS)	593.76 ▼ 0.00 (0.00%)
Agro Allianz / Nov 24 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 24 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 24 Ali Asghar Textile Mills Limited(AATM)	70.89 ▼ 0.00 (0.00%)
Allied Bank / Nov 24 Allied Bank Limited(ABL)	120.21 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 24 Abbott Laboratories (Pakistan) Limited(ABOT)	1,023.10 ▼ 0.00 (0.00%)
Abson Ind. / Nov 24 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 24 Alfalah Consumer Index ETF.(ACIETF)	12.55 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 24 786 Investments Limited(786)	6.82 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 24 Al-Abbas Sugar Mills Limited(AABS)	593.76 ▲ 0.00 (0.00%)
Agro Allianz / Nov 24 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 24 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 24 Ali Asghar Textile Mills Limited(AATM)	70.89 ▲ 0.00 (0.00%)
Allied Bank / Nov 24 Allied Bank Limited(ABL)	120.21 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 24 Abbott Laboratories (Pakistan) Limited(ABOT)	1,023.10 ▲ 0.00 (0.00%)
Abson Ind. / Nov 24 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 24 Alfalah Consumer Index ETF.(ACIETF)	12.55 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Nov 24 Worldcall Telecom Limited(WTL)	177,135,830 ▲ 0.00
K-Electric Ltd. / Nov 24 K-Electric Limited(KEL)	124,131,268 ▲ 0.00
Hascol Petrol / Nov 24 Hascol Petroleum Limited(HASCOL)	105,013,176 ▲ 0.00
Fauji Foods Ltd / Nov 24 Fauji Foods Limited(FFL)	77,697,371 ▲ 0.00
Treet Battery / Nov 24 Treet Battery Limited(TBL)	43,783,366 ▲ 0.00
B.O.Punjab / Nov 24 The Bank of Punjab(BOP)	36,573,763 ▲ 0.00
Sui South Gas / Nov 24 Sui Southern Gas Company Limited(SSGC)	32,719,678 ▲ 0.00
PIA Holding Co.Ltd / Nov 24 PIA Holding Company Limited(PIAHCLA)	27,969,689 ▲ 0.00
Cnergyico PK / Nov 24 Cnergyico PK Limited(CNERGY)	25,874,820 ▲ 0.00