News Archives for Print - 2020-02-21

Print - 2020-02-21

Other

Quetta Gladiators beat Islamabad United

With thousands of fans in the National Stadium Karachi (NSK) appear merriment over the return of Pakistan's biggest sports event 'HBL PSL V 2020' in the country. As many as 350 artists have performed in the opening ceremony of the HBL PSL 2020 held at NSK

Published 21 Feb, 2020 12:00am

Micro payment gateway being worked out: SBP Governor

State Bank of Pakistan (SBP) Governor Dr Reza Baqir Thursday said that attention was being paid to promote money transaction through electronic and digital means. He added that a platform is in process of being launched to promote micro payment gateway, h

Published 21 Feb, 2020 12:00am

WB official sees 7 percent growth in 2025-30

Pakistan can grow at a faster rate only by doubling the investment rate, especially in the private sector, and through sustained structural reforms, said World Bank (WB) Country Director to Pakistan Illango Patchamuthu.

Published 21 Feb, 2020 12:00am

Provision of data for reforms: Utilities cos to hold meetings with SBP, credit bureaus

The federal government is to direct power and gas utilities companies including K-Electric to hold meetings with State Bank of Pakistan (SBP) and licensed credit bureaus for provision of data for reforms under the Ease of Doing Business (EODB), sources in

Published 21 Feb, 2020 12:00am

Onion, potato, tomato: Government bans exports in a bid to tame prices

The federal cabinet on Thursday imposed a ban on the export of potato, tomato and onion in order to control the prices of these edible items. The cabinet also decided to release 100,000 tons of wheat to Sindh and the erstwhile FATA.

Published 21 Feb, 2020 12:00am

Stocks

KSE-100 Index retreats: BRIndex100 inches down

After moving both ways, Pakistan Stock Exchange Thursday settled on a negative note due to selling by local and foreign investors.

Published 21 Feb, 2020 12:00am

Haroon Akhtar to be SAPM on revenue?

Haroon Akhtar Khan is likely to be appointed as Special Assistant to Prime Minister on Revenue and a notification in this regard is expected to be issued within this week. According to sources, the Special Assistant to Prime Minister on Revenue would prim

Published 21 Feb, 2020 12:00am

Swiss bank slammed for failing to fight money laundering

Switzerland's financial watchdog on Thursday issued scathing criticism of Julius Baer private bank for failing to do enough to combat money laundering for years. The Swiss Financial Market Supervisory Authority (FINMA) said in a statement it was appointin

Published 21 Feb, 2020 12:00am

Coronavirus outbreak: Exports to China may further decline

Pakistan's exports to China are expected to further decline in February due to coronavirus outbreak. The expected affects of this situation came under discussion at a meeting held at the commerce ministry.

Published 21 Feb, 2020 12:00am

Xi tells Imran: China treating Pak students 'as our own'

In order to demonstrate Pakistan's unequivocal solidarity with the Chinese leadership and the people in the wake of outbreak of COVID-19 (coronavirus), Prime Minister Imran Khan had a telephone conversation with President Xi Jinping on Thursday.

Published 21 Feb, 2020 12:00am

Yao terms anti-CPEC voices 'Western propaganda'

Chinese Ambassador to Pakistan Yao Jing on Thursday sought to address the doubts that exist both locally and internationally over the massive Chinese investment through the China-Pakistan Economic Corridor (CPEC) in the country, saying before deciding any

Published 21 Feb, 2020 12:00am

Khalid to replace Anwar as AGP

Barrister Khalid Jawed Khan would replace Anwar Mansoor as new Attorney General for Pakistan (AGP) and in this regard a notification is expected to be issued today (Friday), according to sources.

Published 21 Feb, 2020 12:00am

PIA CEO cannot have two jobs, says SC

Incumbent Chief Executive Officer (CEO) of Pakistan International Airlines Corporation Limited (PIACL) has been asked whether he likes to retain the post of the CEO of the national flag carrier or of Air Marshal of Pakistan Air Force (PAF).

Published 21 Feb, 2020 12:00am

US blacklists five Iranian officials for impeding 'fair' elections

The United States on Thursday blacklisted five Iranian officials, accusing them of preventing free and fair elections, a day before a parliamentary vote being seen as a referendum on the handling of various political and economic crises.

Published 21 Feb, 2020 12:00am

IHC objections to setting up of PRAL: SC tells FBR to file reply

The Supreme Court Thursday directed the Federal Board of Revenue (FBR) to file reply on the objections raised by Islamabad High Court (IHC) regarding setting up of Pakistan Revenue Automation (Pvt) Ltd (PRAL) without following the PPRA Rules in one month.

Published 21 Feb, 2020 12:00am

NA panel approves amendments to Ord: PC to run business without prior approval from Cabinet Division

A parliamentary panel Thursday approved amendments to the Privatisation Commission Ordinance 2002, which will allow the commission to run its business without prior approval from the Cabinet Division.

Published 21 Feb, 2020 12:00am

Trump ally gets 40 months prison amid meddling firestorm

Donald Trump's longtime ally Roger Stone was sentenced Thursday to 40 months in prison for impeding a congressional investigation, in a case that ignited a firestorm over the US president's political interference in the justice system.

Published 21 Feb, 2020 12:00am

Kidnapping case: LHC summons Bushra Bibi's son

The Lahore High Court (LHC) on Thursday directed Ibrahim Maneka, son of first lady Bushra Bibi, to appear before the court on February 24 and explain about the matter of kidnapping of two brothers with the assistance of police.

Published 21 Feb, 2020 12:00am

Two German tourists killed in Norway avalanche

Two German tourists were killed Thursday in an avalanche while on a snowmobile tour in Norway, authorities said.

Published 21 Feb, 2020 12:00am

LNG import sans subsidy: Two fertilizer plants approach MoI&P for early approval

Two fertilizer plants - M/s Fatimafert and M/s Agritech have reportedly approached Ministry of Industries and Production (MoI&P) seeking early approval of regulatory process to import LNG sans subsidy and swap it with gas companies by using their network,

Published 21 Feb, 2020 12:00am

Kashmir journalist wins AFP's Kate Webb Prize

Freelance reporter Ahmer Khan was named the winner of the 2019 Agence France-Presse Kate Webb Prize on Thursday for his coverage on the ground in India-controlled Kashmir during Delhi's lockdown of the region.

Published 21 Feb, 2020 12:00am

German gunman kills nine in attack on migrant bars

A gunman with suspected far-right links shot dead nine people, some of them migrants from Turkey, in an overnight rampage through a German city before killing himself, officials said.

Published 21 Feb, 2020 12:00am

Letters

Tourism sector under the spotlight

Tourism is travel; it is in fact much more than that.

Published 21 Feb, 2020 12:00am

Articles

Bloomberg bash at debate may give Democratic rivals new life

Most of the fire at the Democratic presidential debate in Nevada on Wednesday was aimed at the newcomer on the stage, former New York Mayor Michael Bloomberg.

Published 21 Feb, 2020 12:00am

Articles

The cost of confused macroeconomic policy

It seems to be a chicken and egg situation: inflation will fall first; only then will State Bank of Pakistan (SBP) lower its policy rate, or the policy rate will drop before inflation rate falls. In other words, it is impossible to decide which of two thi

Published 21 Feb, 2020 12:00am

Articles

Retrieving untaxed/ill-gotten assets - I

In the Supreme Court of Pakistan, Suo Motu Case No. 2 of 2018 re 'Maintaining of Foreign Accounts by Pakistani Citizens Without Disclosing the Same/Paying Taxes', is still pending for adjudication. It started on February 1, 2018 and after many hearings, f

Published 21 Feb, 2020 12:00am

Poor quality of education

Whilst millions of children in this country remain out of school, no less worrying is the quality of education offered to those who get to attend school. The annual Status of Education Report, launched by a reputable NGO in Islamabad recently, makes deepl

Updated 22 Feb, 2020 06:05am

Gas leakage

Mystery surrounds the leakage of a toxic gas in Karachi Port's Keamari area on Sunday night that left over 14 persons dead and hundreds hospitalized with breathing problems. All suspects - Karachi Port Trust, Pakistan International Containers Terminal, an

Updated 22 Feb, 2020 06:05am

Rising inflation

Prime Minister Imran Khan has directed the Ministry of Interior, federal and provincial law enforcement agencies, and Federal Board of Revenue (FBR) to launch a joint operation to stop smuggling of essential commodities. There is no doubt that smuggling h

Updated 22 Feb, 2020 06:05am

Energy

NTDC initiates projects to construct 220KV Jhampir 2 grid

In order to induct clean renewable energy in the system, NTDC has initiated projects for construction of 220 KV Jhampir 2 grid, along with interconnecting transmission lines.

Published 21 Feb, 2020 12:00am

PML-N to launch movement against government's 'flawed' economic policies in March: Mushahid

Pakistan Muslim League-Nawaz (PML-N) will launch its protest movement against the government's flawed economic policies with or without the support of other opposition political parties including JUI-F and PPP.

Published 21 Feb, 2020 12:00am

Trump to raise IHK issue with India, hopes Pakistan

Pakistan expressed its hope on Thursday that the United States President Donald Trump will raise the issues of the people of occupied Jammu and Kashmir with India and take forward his offer of mediation during his forthcoming visit to New Delhi.

Published 21 Feb, 2020 12:00am

British MP meets Punjab PA speaker

UK Labour Party parliamentarian hailing from Gujrat Yasmin Qureshi called on Punjab Assembly Speaker Chaudhary Parvez Elahi and MNA Chaudhary Salik Hussain here on Thursday. In the meeting MPA Khadeeja Omar was also present during which views were exchang

Published 21 Feb, 2020 12:00am

Ex-PM Pervez Ashraf, others: Court seeks reply from NAB on acquittal applications

The Accountability Court hearing Reshma Rental Power Plant (RPP) and the Gulf Power Generation Company (Ltd) cases against former prime minister Raja Pervez Ashraf and others on Thursday sought reply from the National Accountability Bureau (NAB) on acquit

Published 21 Feb, 2020 12:00am

COAS meets Kuwait's civil-military leadership

Chief of the Army Staff (COAS) General Qamar Javed Bajwa has paid an official day-long visit to Kuwait, according to a statement issued by the Inter-Services Public Relations (ISPR) on Thursday. COAS Bajwa held meetings with Kuwaiti Deputy Prime Minister

Published 21 Feb, 2020 12:00am

RCCI team meets SAPM: CDA hiring consultants to improve facilities in market areas

Special Assistant to PM on Capital Development Authority Ali Nawaz Awan along with chairman CDA Thursday assured traders of resolving their genuine issues. A delegation of Islamabad Chamber of Commerce and Industries (ICCI) met SAPM Ali Nawaz Awan and Cha

Published 21 Feb, 2020 12:00am

'Electoral laws allow foreign funding from individuals but bar from groups'

Though the Election Commission of Pakistan (ECP) continues to hear foreign funding case involving all three major political parties of the country, on account of apparent complexities in the electoral laws, proving allegations against any look rather diff

Published 21 Feb, 2020 12:00am

Money & Banking

Forex reserves move up by $74 million

The foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $74 million to $12.504 billion during the week ended February 14, 2020. According to the SBP data released Thursday, the total liquid foreign exchange reserves held by the

Published 21 Feb, 2020 12:00am

ALIP urges SC to order probe into toxic gas leak tragedy

AAM Loug Ittehad Pakistan (ALIP) has requested the Supreme Court of Pakistan (SC) to take suo motu action and order an independent probe into the mysterious toxic gas leak that claimed 14 lives and affected over 250 persons.

Published 21 Feb, 2020 12:00am

Energy

SSGC clarifies

Two days ago a video went viral where a man visited the premise to be place a lock on gas meter in Shah Faisal Colony. SSGC has confirmed that the man is outsourced employee (from approved contractors) of SSGC who is responsible for disconnecting gas conn

Published 21 Feb, 2020 12:00am

Energy

PSO resumes supply from Keamari terminal

PSO spokesperson Imran Rana said that after a careful analysis of the ongoing situation, the PSO management has decided to resume its operations at the Keamari terminal, Karachi, according to a statement issued to the media.

Published 21 Feb, 2020 12:00am

Business & Economy

CPFTA Phase-II: Exports to China can be enhanced by $6 billion: envoy

Chinese Consul-General Li Bigian on Thursday asked Pakistani entrepreneurs and traders to avail benefits of the Free Trade Agreement (CPFTA) Phase-II. Speaking at a "Meet the Press" event at the Karachi Press Club (KPC) he said that Pakistani exports to C

Published 21 Feb, 2020 12:00am

Business & Economy

US envoy visits Mondelez plant in Hub

The US Ambassador to Pakistan, Paul W Jones visited Mondelez Pakistan Limited's confectionery plant in Hub, Balochistan as part of his official visit to Karachi and Hub. He was accompanied by the embassy staff and the organisation's senior leadership that

Published 21 Feb, 2020 12:00am

Business & Economy

Corporate sector must increase spending: PBIF

President Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain has said majority of the population is feeling the pain of increased cost of living and the corporate sector must increase its spending on the wellbeing of less fortunate to

Published 21 Feb, 2020 12:00am

Handing over KCR to Sindh government: SC asks Rlys Secy to furnish Ecnec decision by February 21

Secretary Railway is required to furnish the decision of Executive Committee of the National Economic Council (ECNEC) related to handing over the operation and running of Karachi Circular Railway (KCR) to Sindh Government in Supreme Court (SC) on February

Published 21 Feb, 2020 12:00am

Sindh government making smart cards for 600,000 workers, says Ghani

Provincial Minister for Labour, Education, Literacy and Human Resources Saeed Ghani has said that the Sindh government is making smart cards for 600,000 workers with the help of NADRA to eliminate fake registration cards in SESSI.

Published 21 Feb, 2020 12:00am

Newly-merged districts: UNDP, Unicef sign MoU with KP to improve quality of education

United Nations Development Programme (UNDP) and, United Nation International Children's Emergency Fund (UNICEF) have joined hands with the government of Khyber Pakhtunkhwa to improve girls' access to quality education in Kurram and Orakzai districts.

Published 21 Feb, 2020 12:00am

Other

NTDC grants cash rewards for 13th SAF games players

The National Transmission and Despatch Company Limited (NTDC) has granted cash reward of Rs2,598,000 for NTDC players and their coaches for their extraordinary performance in different disciplines during the 13th South Asian Games-2019 held in Nepal.

Published 21 Feb, 2020 12:00am

Ship carrying imported soybean not fumigated with methyl bromide: DPP

Department of Plant Protection (DPP), Ministry of National Food Security and Research on Thursday clarified that ship, carrying import consignment of soybean for oil extraction purpose, was not fumigated with Methyl Bromide as it was found free from live

Published 21 Feb, 2020 12:00am

NDMA chief Lt-Gen Afzal elected new chief of APDIM

The governing council of the Asian and Pacific Centre for the Development of Disaster Information Management (APDIM) has elected Lt General Mohammad Afzal, chairman National Disaster Management Authority (NDMA) Pakistan, as the new chief of the organisati

Published 21 Feb, 2020 12:00am

PM to launch Rs15bn Ehsaas Amdan Programme today

Prime Minister Imran Khan will launch Rs 15 billion Ehsaas Amdan Programme on Friday (today) designed to provide financial support to the most vulnerable women as well as youth, to earn sustainable livelihood.

Published 21 Feb, 2020 12:00am

Cyber crimes increased in 2019, FIA tells NA body

National Assembly Standing Committee on Defence on Thursday learnt that cyber crimes had significantly increased and the Federal Investigation Agency (FIA) received over 56,000 related complaints during 2019, and 1,086 cases were registered.

Published 21 Feb, 2020 12:00am

Money & Banking

Access Group, Verifone hold conference on digital payments

Access Group has been a partner of Verifone for more than 18 years. Together, with Access Group's local expertise and Verifone's next-gen Point of Sale payment products and solutions, they have been leading the digital payments landscape in Pakistan.

Published 21 Feb, 2020 12:00am

UNSG visits LUMS on historic tour to Pakistan

To promote the values of peace, justice and tolerance, António Guterres, the ninth Secretary-General of the United Nations (UNSG), at a ceremony hosted by LUMS on February 18, 2020 met and exchanged ideas with the Pakistani youth.

Published 21 Feb, 2020 12:00am

Traders to be 'least disturbed' during PSL matches, assures DIG

Deputy Inspector-General of Police (Operations) Rai Babar Saeed said on Thursday that they have prepared a "coordinated security plan" according to which citizens, especially traders, would be "least disturbed" during the Pakistan Super League (PSL) match

Published 21 Feb, 2020 12:00am

Business & Economy

UK to have its own GSP Plus scheme for maintaining current level of goods exports: envoy

British Ambassador Gillian Rogers has said that UK is establishing its own GSP Plus scheme or a similar arrangement to maintain the current level of merchandise exports by Pakistan to UK. Increase in bilateral trade is obviously of more interest to the bo

Published 21 Feb, 2020 12:00am

LHC dismisses plea against PM

Lahore High Court Chief Justice Mamoon Rashid Sheikh on Thursday dismissed a petition seeking contempt proceedings against Prime Minister Imran Khan for his alleged anti-judiciary speech.

Published 21 Feb, 2020 12:00am

Business & Economy

Amreli Steels signs MoU with Tameer Ghar

"The future will be driven by technology and Amreli Steels continues to demonstrate its position as the market leader by embracing technology, moving towards becoming a smart company and ultimately benefiting the customer," said Mazhar Husain, Head of Sal

Published 21 Feb, 2020 12:00am

Buzdar terms PSL matches 'a victory of peaceful Pakistan'

While for the first time, the Pakistan Super League-V (PSL-V) is being staged in Pakistan, Chief Minister Punjab Sardar Usman Buzdar has expressed good wishes for the teams taking part in the event. "Every PSL team is my favourite and I congratulate Pakis

Published 21 Feb, 2020 12:00am

CEC meets Punjab election commissioner

Chief Election Commissioner Sikandar Sultan Raja visited the Election Commissioner Punjab on Thursday. Ghulam Israr Khan, Election Commissioner Punjab, welcomed him and briefed him in detail about the elections in the province of Punjab and related admini

Published 21 Feb, 2020 12:00am

Money & Banking

Faysal Bank awarded 'Best Emerging Islamic Bank-2019'

Faysal Bank is one of the fastest growing banks in Pakistan and is on its journey to convert from a conventional bank to a full fledged Islamic Bank, which is regarded as the largest conversion in the financial sector.

Published 21 Feb, 2020 12:00am

Bilawal urges government to scrap anti-people deal with IMF

Chairman Pakistan Peoples Party (PPP) Bilawal Bhutto has urged the government to scrap its anti-people deal with the International Monetary Fund (IMF) and renegotiate a pro-Pakistan deal.

Published 21 Feb, 2020 12:00am

Body formed to solve issues: Punjab government yields to pressure of private universities

As a result of political pressure by the Association of Private Universities of Punjab, mostly owned by owners of the media houses, the Punjab government on Thursday surrendered and announced to solve all the issues of accreditation and unauthorised sub-c

Published 21 Feb, 2020 12:00am

Government's move to regulate social media rejected

A seminar held by the Pakistan Bar Council and the Lahore High Court Bar Association on Thursday rejected the government's decision to regulate social media. The seminar addressed by politicians, journalists, rights activists and lawyers also condemned se

Published 21 Feb, 2020 12:00am

Articles

Partly Facetious The JIT culture

"I am against Joint Investigation Teams."

Published 21 Feb, 2020 12:00am

Sindh government, Jica to launch Rs4.16bn home-based female workers' well-being projects

The Sindh government and Japan International Cooperation Agency (JICA) have agreed to launch two different projects for improvement of livelihood and well-being of female home-based workers and establishment of Maternal and Child health Centre at Liaquat

Published 21 Feb, 2020 12:00am

Senate body for halting downsizing of PTDC's low-level employees

Senate Standing Committee on Cabinet Secretariat has recommended stopping downsizing of low-level employees of the Pakistan Tourism Development Corporation (PTDC) and has summoned its Chairman Zulfi Bukhari at the next meeting.

Published 21 Feb, 2020 12:00am

Moroccan envoy for more frequent visits of trade delegations

Ambassador of Kingdom of Morocco, Mohammed Karmoune advised the business and industrial community to arrange trade delegations' visit at least twice a year in order to explore trade and investment opportunities in Morocco which is the gateway to the Afric

Published 21 Feb, 2020 12:00am

Appointment of 15 special assistants to PM: IHC grants last chance to Centre to submit reply

The Islamabad High Court (IHC) on Thursday granted last opportunity to the federal government to submit reply regarding appointment of 15 special assistants to Prime Minister Imran Khan.

Published 21 Feb, 2020 12:00am

Dispute of Sui gas field after 18th Amendment: Legal opinion to be sought from Law Division

The federal and the provincial governments have decided to seek legal opinion to settle the issue of ownership of the Sui gas field subsequent to 18th Constitutional Amendment.

Published 21 Feb, 2020 12:00am

CDA seals 17 commercial premises

Capital Development Authority (CDA) sealed 17 more commercial premises in continuation of massive campaign against violators of building by-laws and zoning regulations.

Published 21 Feb, 2020 12:00am

Money & Banking

Digital mobile account: Meezan Shariah Board approves guidelines

Meezan Bank's Shariah Supervisory Board approved guidelines for digital Mudarabah-based mobile account to support financial inclusion in Pakistan during 46th Shariah Supervisory Board meeting.

Published 21 Feb, 2020 12:00am

Establishment of university at PM's house discussed

Federal Minister for Planning, Development and Special Initiatives Asad Umar chaired a meeting along with the Federal Minister for Science and Technology Fawad Chaudhry to discuss the issues related to the establishment of the university at the Prime Mini

Published 21 Feb, 2020 12:00am

Taxes

Shipping companies: FBR working out revenue impact of freight tax

The Federal Board of Revenue (FBR) is working out the revenue impact of freight tax imposed on shipping companies for possible withdrawal of the tax in the coming budget under the policy of ease of doing business.

Published 21 Feb, 2020 12:00am

Brief Recordings

An interview with Marko Höynälä, Founder & CEO Kipuwex'Revolutionizing patient monitoring and pain assessment at a fraction of cost'

Marko is an experienced Finnish entrepreneur and innovator with a number of game-changing Internet of Things (IoT) products to his credit. His latest venture, Kipuwex, which he leads, has made entry into the Pakistan market. On his maiden visit to Pakista

Published 21 Feb, 2020 12:00am

Pompeo meets US troops in Saudi visit focused on Iran

US Secretary of State Mike Pompeo visited American troops in Saudi Arabia Thursday after talks with King Salman on the second day of a visit focused on countering Iran.

Published 21 Feb, 2020 12:00am

Qatar says Saudi Arabia blocks official from Gulf virus summit

Qatar accused Saudi Arabia on Thursday of barring its health minister from a summit of Gulf countries gathering to discuss the regional response to the new coronavirus epidemic.

Published 21 Feb, 2020 12:00am

Swiss president celebrates 60th with anyone born on same day

Swiss President Simonetta Sommaruga is turning 60 on May 14 and is planning a party with a difference by inviting along all Swiss citizens who share her birthday.

Published 21 Feb, 2020 12:00am

Georgia, Western allies blame Russia for 2019 cyberattacks

Georgia, Britain and the United States on Thursday accused Russia of orchestrating a "reckless" cyber assault against the pro-Western Caucasus nation last year as part of an aggressive campaign of online attacks worldwide.

Published 21 Feb, 2020 12:00am

Oman's new sultan rejigs national anthem

Oman's Sultan Haitham bin Tariq issued a decree removing the name of his predecessor from the national anthem Thursday, a day after official mourning for Sultan Qaboos ended.

Published 21 Feb, 2020 12:00am

Clashes in Syria's Idlib kill 27 fighters: monitor

Clashes pitting Turkish forces and their Syrian rebel allies against pro-regime forces left 27 fighters dead Thursday including two Turkish soldiers in the northwestern Syrian province of Idlib, a war monitor reported.

Published 21 Feb, 2020 12:00am

South Korea city deserted after coronavirus 'super-spreads' in church

The streets of South Korea's fourth-largest city were abandoned on Thursday, with residents holed up indoors after dozens of people caught the coronavirus in what the authorities described as a "super-spreading event" at a church.

Published 21 Feb, 2020 12:00am

Website for Latin American whistleblowers launched

A secure internet site designed to facilitate anonymous complaints of corruption and damage to the environment in Latin America was launched Wednesday by three non-governmental organisations.

Published 21 Feb, 2020 12:00am

White House trumpets economic success compared to Obama

With the US presidential campaign heating up, the White House continues to look backward, comparing President Donald Trump's economic record to his predecessor Barack Obama.

Published 21 Feb, 2020 12:00am

Commodities

Euronext wheat lower as Chicago futures fall

Euronext wheat edged lower on Wednesday as Chicago futures fell after a day-earlier surge while European traders assessed signs of an easing in export demand after a flurry of overseas sales.

Published 21 Feb, 2020 12:00am

Commodities

PMEX daily trading report

On Wednesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 4,266.

Published 21 Feb, 2020 12:00am

Commodities

Australia's 2019-20 wheat harvest drops to lowest in 12 years

Australia said on Tuesday its 2019/2020 wheat harvest was the lowest in 12 years, missing its forecast, as a severe drought across the east coast wilted crops.

Published 21 Feb, 2020 12:00am

India's poultry sales decline after coronavirus rumours

India's poultry industry has lost 13 billion rupees ($182 million) in three weeks after speculation on social media that chickens are a cause of the spread of coronavirus, denting demand for chicken and nearly halving prices, say industry officials.

Published 21 Feb, 2020 12:00am

Business & Economy

Activities of Karachi Port and Port Qasim

The Karachi Port handled 112,962 tonnes of cargo comprising 70,012 tonnes of import cargo and 42,950 tonnes of export cargo including 8,037 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday.

Published 21 Feb, 2020 12:00am

Cotton & Textile

Steady business activity seen on cotton market

Official spot rate declined modestly on the cotton market on Thursday in the process of trading, dealers said.

Published 21 Feb, 2020 12:00am

Commodities

China's iron ore rises for seventh day amid supply concerns

Iron ore futures in China rose for a seventh straight session on Wednesday amid lingering concerns over tightening seaborne supplies, even as miner Fortescue Metals Group maintained its shipments' estimate for fiscal 2020.

Published 21 Feb, 2020 12:00am

Money & Banking

Yen stumbles against dollar in Asia

The Japanese yen traded near a nine-month low against the dollar on Thursday as risk appetite improved on expectations that China will continue to take steps to reduce the economic impact of the coronavirus outbreak.

Published 21 Feb, 2020 12:00am

Money & Banking

Yen slammed to 10-month low in Europe

The Japanese yen fell past 112 against the dollar to a 10-month low on Thursday, extending its previous day's slide to post its worst two-day performance in over two years against a broadly strengthening greenback.

Published 21 Feb, 2020 12:00am

Money & Banking

Early trade in New York: Broadly strong dollar grinds yen to 10-month low

The yen fell past 112 to a 10-month low against a broadly stronger US dollar on Thursday, extending recent losses for the Japanese currency as investors fretted about dire economic news out of the country.

Published 21 Feb, 2020 12:00am

Money & Banking

Dollar index surges to near 3-year high in NY

The US dollar climbed on Wednesday to near a three-year high against a basket of other currencies and the safe-haven yen fell to a nine-month low as investor risk appetite grew due to a decline in the number of new coronavirus cases in China and expectati

Published 21 Feb, 2020 12:00am

Money & Banking

South Africa's rand weakens

South Africa's rand fell on Thursday as emerging-market currencies reeled under pressure from a firmer US dollar, while investors awaited finance minister's budget speech next week and a Moody's rating review next month for clues about the domestic econom

Published 21 Feb, 2020 12:00am

Money & Banking

Asian currencies weaken

Asian currencies weakened against a stronger dollar on Thursday as fears of the economic impact from the coronavirus outbreak prompted a wider sell-off in the region.

Published 21 Feb, 2020 12:00am

Money & Banking

Sterling plumbs 3-month low

Sterling plunged to a three-month low against the dollar on Thursday as the US currency's broad-based strength swept away recent pound gains that were driven by the appointment of a new, potentially high-spending British finance minister.

Published 21 Feb, 2020 12:00am

Money & Banking

Latam FX slammed by strong dollar, Brazil's real hits new low

Latin American currencies took a beating on Thursday, as investors fretted over the global spread of the coronavirus after cases outside of China rose, with Brazil's real hitting a new low amid rising safe-haven buying of the US dollar.

Published 21 Feb, 2020 12:00am

Money & Banking

Aussie dives to near 11-year low

The Australian dollar slid to a near 11-year trough on Thursday as data showing a surprisingly sharp rise in unemployment added to the case for further cuts in interest rates at a time when markets were already skittish over the coronavirus.

Published 21 Feb, 2020 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 12	278
USD PKR Interbank Buying / Nov 12	277.75
USD to Japanese Yen / Nov 13	154.85
USD to Swiss Franc / Nov 13	0.88
Pound Sterling to USD / Nov 13	1.27
Euro to USD / Nov 13	1.06

Stock	Volume
S&P 500 / Nov 12	5,983.99
Nasdaq / Nov 12	19,281.40
FTSE 100 / Nov 12	8,025.77
Dow Jones / Nov 12	43,910.98
Germany DAX 30 / Nov 12	19,033.64
France CAC40 / Nov 12	7,226.98
India Sensex / Nov 13	78,360.01
Tokyo Nikkei / Nov 13	38,794.83

Item	Value
Karachi Cotton PKR/37.32 KG / Nov 12	18,085
Gold 10 Grams PKR / Nov 12	231,911
Petrol/Litre / Nov 13	248.38
Crude Oil USD/Barrel / Nov 13	68.33
Gold Spot USD/Ounce / Nov 13	2,606.22
Diesel/Litre / Nov 13	255.14

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 13 786 Investments Limited(786)	6.55 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 13 Al-Abbas Sugar Mills Limited(AABS)	600 ▼ 0.00 (0.00%)
Agro Allianz / Nov 13 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 13 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 13 Ali Asghar Textile Mills Limited(AATM)	64.90 ▼ 0.00 (0.00%)
Allied Bank / Nov 13 Allied Bank Limited(ABL)	114.51 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 13 Abbott Laboratories (Pakistan) Limited(ABOT)	996.67 ▼ 0.00 (0.00%)
Abson Ind. / Nov 13 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 13 Alfalah Consumer Index ETF.(ACIETF)	12.25 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 13 786 Investments Limited(786)	6.55 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 13 Al-Abbas Sugar Mills Limited(AABS)	600 ▲ 0.00 (0.00%)
Agro Allianz / Nov 13 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 13 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 13 Ali Asghar Textile Mills Limited(AATM)	64.90 ▲ 0.00 (0.00%)
Allied Bank / Nov 13 Allied Bank Limited(ABL)	114.51 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 13 Abbott Laboratories (Pakistan) Limited(ABOT)	996.67 ▲ 0.00 (0.00%)
Abson Ind. / Nov 13 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 13 Alfalah Consumer Index ETF.(ACIETF)	12.25 ▲ 0.00 (0.00%)

Stock	Volume
Pak Int.Bulk / Nov 13 Pakistan International Bulk Terminal(PIBTL)	79,861,776 ▲ 0.00
K-Electric Ltd. / Nov 13 K-Electric Limited(KEL)	71,760,455 ▲ 0.00
Pak Refinery / Nov 13 Pakistan Refinery Limited(PRL)	56,364,168 ▲ 0.00
Sui South Gas / Nov 13 Sui Southern Gas Company Limited(SSGC)	45,537,793 ▲ 0.00
Cnergyico PK / Nov 13 Cnergyico PK Limited(CNERGY)	40,139,141 ▲ 0.00
Pak Elektron / Nov 13 Pak Elektron Limited(PAEL)	37,703,615 ▲ 0.00
WorldCall Telecom / Nov 13 Worldcall Telecom Limited(WTL)	28,322,891 ▲ 0.00
B.O.Punjab / Nov 13 The Bank of Punjab(BOP)	18,433,912 ▲ 0.00
The Searle Co. / Nov 13 The Searle Company Limited(SEARL)	17,718,419 ▲ 0.00

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