News Archives for Print - 2020-02-20

Print - 2020-02-20

Taxes

July-January period; Rs 2.4 trillion provisional collection shows Rs 210 billion shortfall

The Federal Board of Revenue (FBR) has provisionally collected Rs 2,412 billion during July-January (2019-2020) against the downward revised target of Rs 2,622 billion, reflecting a shortfall of Rs 210 billion.

Published 20 Feb, 2020 12:00am

Kashmir issue: UK MP lauds Pakistan's progressive approach

A British parliamentarian, Debbie Abrahams, who was recently denied visit to India and occupied Jammu and Kashmir along with a parliamentary delegation by the Indian government, on Wednesday lauded Pakistan's "open and progressive" approach on Kashmir and

Published 20 Feb, 2020 12:00am

Government probes link between soybean dust and deaths in Karachi

Authorities are investigating if exposure to soybean dust, which can cause severe allergic reactions, is responsible for at least 14 deaths and dozens of illnesses in Karachi. More than 200 people have been hospitalised or treated for breathing problems s

Published 20 Feb, 2020 12:00am

July-January CA deficit shrinks 72 percent

Led by a sharp decline in the goods import bill, the country's current account deficit plunged by 72 percent during the first seven months of this fiscal year (FY20). According to the State Bank of Pakistan (SBP), the current account deficit declined by $

Published 20 Feb, 2020 12:00am

Six major fiscal risks identified

Ministry of Finance (MoF) has said that the economy is facing six major fiscal risks including a shortfall in revenue targets which would result in curtailment in development expenditure. This was disclosed by the Ministry of Finance (MoF) in its Mid-Year

Published 20 Feb, 2020 12:00am

Stocks

KSE-100 Index pares losses: BRIndex100 stages recovery

Despite foreign selling, Pakistan Stock Exchange Wednesday closed on a positive note on the back of local investors' support. BRIndex100 gained 49.92 points or 1.19 percent to close at 4,251.44 points. BRIndex100 touched intraday high of 4,259.69 and intr

Published 20 Feb, 2020 12:00am

Export boost a must to get out of debt crisis: Dawood

Prime Minister Advisor on Commerce, Industries and Production and Invest-ment, Abdul Razak Dawood Wed-nesday said the increase in exports is necessary to get the country out of debt crisis. He was addressing 5th Pharma Summit organised by Pakistan Pharmac

Published 20 Feb, 2020 12:00am

ECC fixes wheat procurement target at 8.25 million tons

The Econ-omic Coordination Committee of the Cabinet (ECC) has decided to fix the wheat procurement target at 8.25 million tons for the next fiscal year. The ECC has also imposed a ban on the export of onions. A meeting of the ECC held on Wednesday, chaire

Published 20 Feb, 2020 12:00am

WB pandemic bond under pressure

A World Bank bond designed to deliver funding to help the world's poorest countries to tackle fast-spreading diseases has lost half its value as the coronavirus outbreak in China has fanned fears that investors could face hefty losses.

Published 20 Feb, 2020 12:00am

IMF warns China virus hitting a fragile global economy

In the best-case scenario, the economic hit from the epidemic in China will be short-lived, but it comes as the global economy remains fragile, IMF chief Kristalina Georgieva said Wednesday. Beset by many other risks, including the paused but still-unreso

Published 20 Feb, 2020 12:00am

SECP to bar companies from issuing certain negotiable instruments

The Securities and Exchange Commission of Pakistan (SECP) has decided to prohibit companies from issuing certain negotiable instruments, ie, bearer shares, bearer share warrants, and similar equity or debt securities of bearer nature.

Published 20 Feb, 2020 12:00am

Provinces asked to take action against profiteers, hoarders

A meeting of the National Price Monitoring Committee has asked the provinces to take necessary action under the law for taking profiteers and hoarders to the task to prevent the practice at every level. The meeting presided over by the secretary finance o

Published 20 Feb, 2020 12:00am

Parents of students in China virus epicentre vent anger at ministers

Angry parents of Pakistani students stuck in the locked down province at the centre of China's coronavirus outbreak confronted government ministers at a meeting on Wednesday, demanding their children are evacuated.

Published 20 Feb, 2020 12:00am

First civilian flight since 2012 lands in Aleppo

The first civilian flight in eight years landed at Aleppo airport in northern Syria Wednesday, an AFP correspondent on board the aircraft reported. The flight comes days after the government announced it had wrested the entire region around the second cit

Published 20 Feb, 2020 12:00am

No decision made on PIA: PC official

The work relating to restructuring, special audit and strategic business plan in Pakistan International Airline (PIA) is delayed as its chief executive officer (CEO) has been barred from discharging his duties as CEO by a court of law. This was stated dur

Published 20 Feb, 2020 12:00am

UAE regulator to investigate bank for money laundering

The United Arab Emirates' central bank is investigating a Pakistani bank to ascertain if it violated anti-money- laundering and terrorism-financing laws, the regulator said on Wednesday. The inquiry comes as Pakistan is under examination by a Paris unit o

Published 20 Feb, 2020 12:00am

KCR revival hinges on $2 billion Chinese financing: Rashid

Federal Minister for Railways Sheikh Rashid Ahmed Wednesday linked the revival of much-delayed Karachi Circular Railway (KCR) with the receipt of $ 2 billion Chinese financing. However, he vowed to remove all encroachments and vacate the Railways land to

Published 20 Feb, 2020 12:00am

HBL declares Rs 28.9 billion PBT for CY19

Habib Bank Limited Wednesday declared a consolidated profit before tax of Rs 28.9 billion for the year ended December 31, 2019, a growth of 34 percent over 2018. Earnings per share increased to Rs 10.45 compared to Rs 8.22 in 2018. Along with the results,

Published 20 Feb, 2020 12:00am

Addendum

"Comments on Indian Direct Tax Amendments Vide Union Budget 2020-21: Pakistani Parity" carried by the newspaper in its yesterday's issue were authored by Tola Associates-Tax and Corpo-rate Advisors.

Published 20 Feb, 2020 12:00am

AGP asked to place material behind 'unwarranted' statement

Attorney General for Pakistan (AGP) was directed to place material on the basis of which he made an "unwarranted" statement against the members of the bench at the hearing of Justice Qazi Faez Isa's petition against the presidential reference.

Published 20 Feb, 2020 12:00am

Letters

'Job growth'

This is apropos a Business Recorder editorial "Job growth" carried by the newspaper yesterday. That the issue is one of the most profound challenges facing this country is a fact. The newspaper has concluded its argument by saying that "growth must

Published 20 Feb, 2020 12:00am

Articles

Myanmar set to be placed on global money laundering watchlist

Myanmar is set to be placed on a watchlist by a global finance watchdog this week, amid concerns of money-laundering by transnational drug traffickers and weak regulation of its financial system, two sources familiar with deliberations said.

Published 20 Feb, 2020 12:00am

Articles

Sick Kashmiris feel deadly consequences of India-imposed blackout

Sanaullah Dar was due to undergo surgery to remove a tumour in his bladder. Four months later, he was dead, with doctors blaming a lockdown imposed by New Delhi on the restive part of Occupied Kashmir.

Published 20 Feb, 2020 12:00am

Articles

Collective amnesia to controlled minds

The country will soon be 73 years old. That's the age you enter a room looking for something and forget what you had come looking for. Your memory becomes more selective, more nostalgic, more wanting to believe what you want to and not the inconvenient tr

Published 20 Feb, 2020 12:00am

Second term for President Ghani

Five months on, Afghanistan President Ashraf Ghani has been declared winner for the second term in his office with a slim majority, a result that threatens to provoke political unrest amid US efforts to clinch a peace deal with Taliban. The loser, Chief E

Updated 20 Feb, 2020 06:24am

Government-IMF impasse must unlock itself

The impasse between the International Monetary Fund (IMF) and Pakistan authorities persists over readjustment of the tax revenue target as well as resistance to raise tariffs on utilities, particularly power sector, to meet the Fund conditionalities of ac

Updated 20 Feb, 2020 06:24am

Telecommunication

Government aims to increase ICT industry to $20 billion in few years: PM

Sergi Herrero, Co-Chief Executive Officer of VEON (parent company of Jazz Pakistan) called on Prime Minister Imran Khan on Wednesday. Chief Executive Officer of Jazz Pakistan Aamir Ibrahim, Chief of Corporate and Regulatory Affairs Syed Fakhar Ahmed and H

Published 20 Feb, 2020 12:00am

Taxes

FBR imposes ban on officials' leaves

The Federal Board of Revenue (FBR) has imposed a ban on all kinds of leaves of officials working in the FBR and its field formations to focus on achievement of the assigned revenue collection targets for 2019-2020. In this regard, the FBR has issued instr

Published 20 Feb, 2020 12:00am

Aircraft reported missing was in fact sold, says PIA report

The Board of Directors of the Pakistan International Airlines Corporation Limited (PIACL) informed the apex court that the aircraft reported missing was in fact sold, according to a PIA report. It was informed that an investigation was being carried out b

Published 20 Feb, 2020 12:00am

Sherpao felicitates Ashraf Ghani

Qaumi Watan Party (QWP) Chairman Aftab Ahmad Khan Sherpao on Wednesday extended heartfelt felicitations to Afghan President Ashraf Ghani on being reelected as the president of Afghanistan for the second term and said it would bode well for the peace effor

Published 20 Feb, 2020 12:00am

Not a single case of coronavirus detected: Dr Zafar

The Special Assistant to the Prime Minister on National Health Services, Dr Zafar Mirza, on Wednesday said there was not a single case of COVID-19 (coronavirus) found in country. Chairing a meeting of COVID-19 emergency core group here, he said that the n

Published 20 Feb, 2020 12:00am

Ground-plus two floors: SC seeks approvals of buildings granted by SCBA

Supreme Court (SC) has sought the all approvals of buildings granted by Sindh Building Control Authority (SBCA) for more than ground plus two floors in Karachi in the last ten years.

Published 20 Feb, 2020 12:00am

Business & Economy

Country to have new national medicine policy in a couple of weeks: adviser

Adviser to the Prime Minister on National Health Dr Zafar Mirza has said that the government is all set to announce new National Medicine Policy within the next two weeks.

Published 20 Feb, 2020 12:00am

'Fata still deprived of basic needs despite huge funds'

Jamaat-e-Islami Deputy Chief Liaqat Baloch has said that people are raising questions that where the funds of billions of dollars received for years in the name of development of Fata has been used since the area is still deprived of basic infrastructure

Published 20 Feb, 2020 12:00am

Punjab may set up 'model farms'

Punjab government is actively considering establishing "Model Farms" across the Province in near future. The basic objective of the programme was to extend technical and financial support to the key players in selected horticulture value chains of the Pun

Published 20 Feb, 2020 12:00am

Business & Economy

Japanese CG vows to strengthen bilateral trade ties

Consul General of Japan, Toshikazu Isomura has said that the both countries' traders should frequently interact with each other and find new ways of diversify trade beside traditional sectors.

Published 20 Feb, 2020 12:00am

PMDC employees' reinstatement: IHC issues contempt of court notice to MNHSRC

The Islamabad High Court (IHC) on Wednesday issued contempt of court notice to the Ministry of National Health Services, Regulations and Coordination (MNHSRC) for not restoring services of the Pakistan Medical and Dental Council (PMDC)'s employees despite

Published 20 Feb, 2020 12:00am

PHC declares decision of increasing retirement age as void

A division bench of the Peshawar High Court (PHC) headed by Chief Justice Waqar Ahmad Seth and Justice Naeem Anwar Wednesday declared the decision of KP government regarding increase in retirement age of government employees from 60 to 63 years as void.

Published 20 Feb, 2020 12:00am

Government-BNP-M talks make headway in ironing out differences

The federal government has once again assured its key coalition partner in Balochistan, the Balochistan National Party-Mengal (BNP-M), that their demand to ensure voting right only to the local people of Gwadar will be ensured through legislation.

Published 20 Feb, 2020 12:00am

Gold prices surge by Rs 1350

Gold prices on Wednesday surged by Rs 1350 per tola to Rs 92500 on thee local market, traders said. The yellow metal is now selling for Rs 79304 per 10 grams, up by Rs 1158 and $1610 an ounce, up by $50 on the world market. Silver was available for Rs 105

Published 20 Feb, 2020 12:00am

SUIT holds symposium on 'novel coronavirus'

A grand round on novel coronavirus (COVID-19) was held at Sindh Institute of Urology and Transplantation (SIUT) here on Wednesday discussing all aspect of the much-debated virus but pointed out that the epidemiological curve indicates that epidemic is slo

Published 20 Feb, 2020 12:00am

Energy

Under CPEC: around Rs 18.5 billion to be spent on providing power to nine SEZs

A total of Rs 13.123 billion is required in funds to provide utilities including 880.3MW electricity and 393.5 million cubic feet per day (mmcfd) gas to seven Special Economic Zones (SEZs) in the current year 2020.

Published 20 Feb, 2020 12:00am

Business & Economy

BRT project in its final stages of completion: minister

Khyber Pakhtunkhwa Minister for Information Shaukat Yousafzai has said that Peshawar BRT is in the final stages of completion, civil work and building work have been completed on February 15 and 32 stations including command and control system have been h

Published 20 Feb, 2020 12:00am

Business & Economy

Reko Diq, Space Technology projects: Senate panel asks MoST task force to work on development

The Senate Standing Committee on Science and Technology on Wednesday recommended to the task force of the Ministry of Science and Technology to work on development of Reko Diq and Space Technology projects. The committee meeting was chaired by Senator Mus

Published 20 Feb, 2020 12:00am

Asia, Pacific region: Call to boost regional cooperation on cross-boundary disaster

Disaster risk management experts at a high-level United Nations-sponsored conference have underscored the need to strengthen regional cooperation and partnership on cross-boundary disaster in Asia and the Pacific region to deal with natural and manmade di

Published 20 Feb, 2020 12:00am

Youth skills development: PepsiCo, UoP, Amal Academy sign MoU

PepsiCo Pakistan, University of Peshawar (UoP) and Amal Academy signed a Memorandum of Understanding (MoU) in Peshawar. Vice Chancellor University of Peshawar, Professor Dr Muhammad Asif Khan, Ali Siddiq, COO Amal Academy and Syed Khurram Shah, Head of Pu

Published 20 Feb, 2020 12:00am

Energy

NA body asks SNGPL, SSGCL to help resolve issue of low gas pressure

At its meeting the Standing Committee on Energy (Petroleum Division) asked the management of the SNGPL and the SSGCL to address issues of low gas pressure all over the country. The meeting chaired by Imran Khattak considered various issues including gas s

Published 20 Feb, 2020 12:00am

Energy

HPSL to provide O&M services to upcoming Thar coal-based power plants

Hub Power Services Limited (HPSL), a wholly owned subsidiary of Hub Power Company limited, is poised to provide operation and maintenance (O&M) services to upcoming Thar coal based power plants.

Published 20 Feb, 2020 12:00am

Detailed order issued: KPT's board of trustees not authorised to create housing societies: SC

Supreme Court (SC) has ruled that the Board of Trustees of Karachi Port Trust (KPT) is not authorized under the law to create housing societies for its employees and lease, transfer or sell the property/land of the port to them.

Published 20 Feb, 2020 12:00am

Business & Economy

Industrialists, traders demand thorough probe into Keamari tragedy

Industrialists and traders alike have expressed deep concerns over playing politics over Keamari incident as it hurts business and economic activities of the country and demanded through investigation of the incident.

Published 20 Feb, 2020 12:00am

Toxic gas leak: APSEA deplores baseless rumours in media

All Pakistan Solvent Extractors Association (APSEA) strongly deplores the baseless and unsubstantiated rumours in the media suggesting that the toxic gases which have caused tragic deaths in Karachi have originated from the soybean vessel which was berthe

Published 20 Feb, 2020 12:00am

Ship agents rebuff rumours of 'soyabean cargo' behind gas leak

"We strongly condemn the rumours that are circulating targeting soyabean cargo which was being discharged partly at Karachi Port Trust at berth No. 10/11 East Wharf.

Published 20 Feb, 2020 12:00am

World Bank helps conduct diagnostic study: Overhauling of LG institutions to cost $10bn: Murad

Sindh Chief Minister Syed Murad Ali Shah Wednesday said his government with the assistance of the World Bank conducted 'Karachi Diagnostic Study' to identify the areas and the sectors where necessary intervention in terms of development could be made.

Published 20 Feb, 2020 12:00am

Health department issues advisory on soybean dust allergy

Sindh Health Department on Wednesday issued advisory in connection with soybean dust allergy incidents at Keamari, directing all hospitals to take necessary steps, including training of staff, earmarking of case management and availability of supportive m

Published 20 Feb, 2020 12:00am

Business & Economy

NA body members visit Suzuki Motors assembly plant

National Assembly Standing Committee on Industries and Production on Wednesday visited Pak Suzuki Motors assembly plant. Headed by Sajid Hussain Turi, the committee and officials were welcomed by management of Pak Suzuki Motors. The committee witnessed th

Published 20 Feb, 2020 12:00am

'Job Fair' held at TMUC campus

The representatives of leading companies on Wednesday informed young Pakistani students about their organisation's portfolios, human resource needs and job opportunities in big corporate entities, minimizing gap between students and the corporate sector.

Published 20 Feb, 2020 12:00am

Foreign funding case: IHC seeks arguments over PTI's plea

The Islamabad High Court (IHC) on Wednesday sought arguments over the Pakistan Tehreek-e-Insaf (PTI)'s appeal on the Election Commission of Pakistan (ECP)'s October 10 decision in the foreign funding case. A single member bench of the IHC comprising Justi

Published 20 Feb, 2020 12:00am

Business & Economy

'Government expects growth of 17 percent to 18 percent in tax collection'

The government is likely to collect Rs 4.8 to Rs 4.9 trillion in revenue through various taxes during 2019-2020, if tax collection in final two quarters of the financial year witnessed sufficient growth.

Published 20 Feb, 2020 12:00am

Brief Recordings

Siddiqsons Tinplate Limited

Siddiqsons Tinplate Limited (PSX: STPL) was established in 1999 in collaboration with SOLLAC of France and MITSUBISHI CORPORATION of Japan. Siddiqsons tinplate is one of the associated companies of the Siddiqsons Group which has other associated entities

Updated 20 Feb, 2020 04:25am

Critics slam UK post-Brexit immigration plans

Britain's government on Wednesday faced a backlash over its new post-Brexit immigration plans, which are designed to cut "cheap labour from Europe" in favour of high-skilled English speakers and boosting the homegrown workforce.

Published 20 Feb, 2020 12:00am

China expels Wall Street Journal reporters over 'racist' headline

China on Wednesday ordered three reporters from The Wall Street Journal to leave the country over what Beijing deemed a racist headline, in one of the harshest moves against foreign media in years.

Published 20 Feb, 2020 12:00am

Scientists announce 'breakthrough' atomic map of coronavirus

US scientists announced Wednesday they had created the first 3D atomic scale map of the part of the novel coronavirus that attaches to and infects human cells, a critical step toward developing vaccine and treatments.

Published 20 Feb, 2020 12:00am

Pompeo closes Africa tour with warning about China's 'empty promises'

US Secretary of State Mike Pompeo on Wednesday closed a three-nation Africa tour with a thinly-veiled swipe at China as he talked up Washington's ability to stimulate growth and entrepreneurship on the continent. "Countries should be wary of authoritarian

Published 20 Feb, 2020 12:00am

Coronavirus kills two Iranians

Two people have died in Iran after testing positive on Wednesday for the new coronavirus, the health ministry said, in the Islamic republic's first cases of the disease. According to YJC news agency, a branch of state television, the pair who died were Ir

Published 20 Feb, 2020 12:00am

WHO declares 'progress' in fight against coronavirus

The World Health Organization on Wednesday hailed "tremendous progress" in the fight against the deadly new coronavirus since it emerged in China in December.

Published 20 Feb, 2020 12:00am

Passengers leave Japan virus ship, but new infections detected

Hundreds of relieved passengers disembarked Wednesday from a coronavirus-stricken cruise ship in Japan after being given the all-clear, but health officials said 79 new cases had been detected.

Published 20 Feb, 2020 12:00am

Commodities

CBOT corn futures higher

Chicago Board of Trade corn futures rose 1.3% on Tuesday, supported by gains in the wheat market. The benchmark CBOT March corn futures contract broke through its 10-day moving average but closed below session highs after hitting resistance as it neared i

Published 20 Feb, 2020 12:00am

Energy

US natural gas futures jump on colder weather

US natural gas futures jumped over 7% on Tuesday to the highest in more than a month, as weather forecasts projected the temperature to be cooler than previously expected. Front-month gas futures for March delivery on the New York Mercantile Exchange rose

Published 20 Feb, 2020 12:00am

PMEX daily trading report

On Tuesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 4,238. The traded value of Metals, Energy and COTS/FX was recorded at PKR 5.194 billion and the number of lots traded was 7,976.

Published 20 Feb, 2020 12:00am

Commodities

European wheat futures climb to three-week high

European wheat futures climbed to a three-week high on Tuesday, supported by a rise in US futures, while continued weakness in the euro boosted export prospects for western European supplies. Front-month March milling wheat on the Paris-based Euronext exc

Published 20 Feb, 2020 12:00am

Business & Economy

Activities of Karachi and Port Qasim

The Karachi Port handled 142,790 tonnes of cargo comprising 107,499 tonnes of import cargo and 35,291 tonnes of export cargo including 8,278 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday.

Published 20 Feb, 2020 12:00am

Cotton & Textile

Modest trading activity seen on cotton market

Modest business activity was witnessed on the cotton market on Wednesday as some needy mills came forward to make new deals at their psychological levels, dealers said. The official spot rate was inert at Rs9100, they added. In the ready session, about 30

Published 20 Feb, 2020 12:00am

Commodities

China's iron ore gains for sixth day on mounting supply concerns

China's iron ore futures rose for a sixth straight session on Tuesday as concerns about tightening supplies intensified after miner Rio Tinto lowered its shipment forecast for the steelmaking raw material from Australia's Pilbara region.

Published 20 Feb, 2020 12:00am

Money & Banking

Yen slips in Asia

The safe-haven yen eased slightly on Wednesday amid signs China was looking to fend off economic threats from the coronavirus, which supported investor confidence as the outbreak's spread appeared to slow.

Published 20 Feb, 2020 12:00am

Money & Banking

Yen hits 9-month low in Europe

The Japanese yen was the biggest mover in the G10 group of currencies on Wednesday, hitting a 9-month low as a slowdown in the number of new reported cases of coronavirus and expectations for further policy stimulus boosted risk sentiment in global market

Published 20 Feb, 2020 12:00am

Money & Banking

Early trade in New York: Dollar index at near 3-year high as yen sinks

The US dollar climbed on Wednesday to near a three-year high against a basket of other currencies and the safe-haven yen sank to a nine-month low as a decline in the number of new coronavirus cases in China and expectations for more policy stimulus booste

Published 20 Feb, 2020 12:00am

Money & Banking

Dollar climbs in NY as weak German data dents euro

The dollar rose on Tuesday to its highest in nearly three years against the euro, which was pressured by a German survey showing slumping investor confidence in Europe's largest economy.

Published 20 Feb, 2020 12:00am

Money & Banking

South Africa's rand up

South Africa's rand firmed on Wednesday as data showed an uptick in consumer inflation but the January figure of 4.5% remained well below the central bank's upper target range, supporting the currency's carry-trade appeal.

Published 20 Feb, 2020 12:00am

Money & Banking

Most Asian currencies slip

Most Asian currencies fell against a stronger dollar on Wednesday, with the Indonesian rupiah declining the most, after China's central bank set the midpoint of the yuan weaker than a key threshold for the first time in nearly two months.

Published 20 Feb, 2020 12:00am

Money & Banking

Sterling falls below $1.30

Sterling slipped back under $1.30 to hit its lowest level in over a week on Wednesday, shrugging off data showing an unexpected surge in UK inflation to a six-month high in January as focus returned to Britain's trade talks with the European Union and gov

Published 20 Feb, 2020 12:00am

Money & Banking

Brazil's real nears all-time low

Brazil's real slid back to within sight of its all-time low against the dollar on Wednesday, pressured by the deteriorating economic growth outlook for Brazil, which could leave the door open to even lower interest rates later this year.

Published 20 Feb, 2020 12:00am

Money & Banking

Australian, New Zealand dollars weaken

The Australian and New Zealand dollars nursed losses on Wednesday as risk appetite weakened over fears about the hit to world economies from the coronavirus outbreak.

Published 20 Feb, 2020 12:00am

Cricket

MCC post win in last tour match in Lahore

The Marylebone Cricket Club (MCC) defeated Multan Sultan by 72 runs in the last T20 match, here at Aitchison college ground on Wednesday. Led by Kumar Sangakkara, the MCC team is on a tour of Pakistan after 47 years. The MCC won two and lost two matches s

Published 20 Feb, 2020 12:00am

Cricket

UK High Commissioner pays warm tribute to MCC, PCB for successful tour

Dr Christian Turner, CMG, the British High Commissioner to Pakistan, paid a warm tribute to the Marylebone Cricket Club (MCC) and the Pakistan Cricket Board (PCB) for a successful tour to Pakistan. MCC, one of the world's oldest cricket clubs, has been on

Published 20 Feb, 2020 12:00am

Cricket

UK High Commissioner pays warm tribute to MCC, PCB for successful tour

Published 20 Feb, 2020 12:00am

Cricket

ICC events: PCB to go in bidding process from 2023 onwards

Pakistan Cricket Board (PCB) has decided to go in bidding process for hosting ICC events from 2023 onwards. Hosting two international sides - Sri Lanka and Bangladesh for home series and arrival of 36 foreign players for HBL PSL V 2020 in the country give

Published 20 Feb, 2020 12:00am

Other

All Pakistan Imran Mohib Memorial Squash begins

Qualifier Usman Tahir of Punjab entered into the second round after securing victory in the opening match of the All Pakistan Imran Mohib Khan Memorial Junior Age Group Squash Championship, which got under way here at PAF Hashim Khan Squash Complex on Wed

Published 20 Feb, 2020 12:00am

Cricket

Mashrafe named captain

Bangladesh pace bowler Mashrafe Murtaza will lead the country in the forthcoming three-match one-day international series against Zimbabwe despite uncertainty over his future. Mashrafe has not represented Bangladesh in any ODI since the ICC World Cup las

Published 20 Feb, 2020 12:00am

Cricket

Foreign players taking part as Snowboarding Championship opens

large number of local and foreign tourists, lovers of snow games thronged the scenic Malam Jabba ski resort to take part in the International Snowboarding Championship and enjoy the event on Wednesday.

Published 20 Feb, 2020 12:00am

Cricket

Around 98 percent tickets of opening match sold

Around 98 percent tickets of opening match of HBL PSL V 2020 Quetta Gladiators and Islamabad United has been sold; said the officials of PCB ticketing partner.

Published 20 Feb, 2020 12:00am

Cricket

Sarfaraz, Shadab vow good show ahead of first HBL PSL V 2020 clash

Sarfaraz Ahmad skipper Quetta Gladiators on Wednesday pinned hope that things would change after his performance in HBL PSL V 2020. Speaking at a joint presser with Shadab Khan, captain Islamabad United at National Stadium Karachi (NSK), during the unveil

Published 20 Feb, 2020 12:00am

Stocks

Japanese shares surge

Japanese shares bounced back on Wednesday as sentiment improved slightly after Wall Street's major indexes closed off their lows and Apple trimmed its losses stemming from a sales warning, although the health crisis in China remained an overhang. Investor

Published 20 Feb, 2020 12:00am

Stocks

Wednesday's early trade: S&P, Nasdaq scale new highs

The S&P 500 and the Nasdaq hit all-time highs on Wednesday as hopes that China would take more measures to prop up its economy eased worries about the impact of the coronavirus epidemic. The number of new coronavirus cases also dropped for the second stra

Published 20 Feb, 2020 12:00am

Stocks

Dow, S&P decline after Apple's sales warning

The Dow and S&P 500 fell on Tuesday after a sales warning from Apple left investors assessing the impact of the coronavirus outbreak on US companies. But indexes ended off the day's lows and the Nasdaq ended a touch higher as Apple Inc trimmed its losses

Published 20 Feb, 2020 12:00am

Stocks

Saudi index leads most of Gulf markets higher; Dubai bucks the trend

Most stocks in the Gulf closed higher on Thursday, with Saudi leading gains that tracked global share and oil prices as investor worries about the coronavirus epidemic eased somewhat after a slight decline in the number of new cases.

Published 20 Feb, 2020 12:00am

Stocks

Australian, New Zealand shares up

Australian shares closed higher on Wednesday as CSL and Cochlear hit record highs and worries about the coronavirus epidemic waned as the number of new cases fell. The two stocks helped lift the S&P/ASX 200 index up 0.4% to 7,144.6 and ended two straight

Published 20 Feb, 2020 12:00am

Money & Banking

Treasury yields move higher

US Treasury yields edged higher on Wednesday as a report that China will take more steps to bolster its virus-hit economy boosted risk taking, and after US economic data beat economists' expectations. Bloomberg News reported that Beijing was considering c

Published 20 Feb, 2020 12:00am

Money & Banking

Eurozone government yields steady as virus fear eases

Eurozone government bond yields stabilised on Wednesday as investors welcomed signs that the spread of the coronavirus in China was slowing and that more economic stimulus to offset the fallout could be on its way. China reported 1,749 new confirmed cases

Published 20 Feb, 2020 12:00am

Stocks

China stocks slip on lingering virus worries

Shares in Shanghai ended a three-day winning streak on Wednesday as worries persisted over the spreading coronavirus epidemic, which has claimed more than 2,000 lives and weighed on business activity in the country. At the close, the Shanghai Composite in

Published 20 Feb, 2020 12:00am

Stocks

European shares notch record high

European shares notched a fresh record high on Wednesday, supported by a weaker euro, while a decline in the number of new coronavirus cases raised hopes that the impact of the epidemic on the global supply chain would be short-lived.

Published 20 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
Petrol/Litre / Dec 21	252.10
Karachi Cotton PKR/37.32 KG / Dec 21	17,585

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

Markets →

Budget 2024-25: income tax calculator for FY25

Most Popular