News Archives for Print - 2020-02-24

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Print - 2020-02-24

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (February 17 to 21, 2020).

Published 24 Feb, 2020 12:00am

Returns on Profit and Loss Sharing Investment Bank Accounts (July to December 2019)

Comparative table of returns being given banks on their Profit and Loss Sharing Investment Accounts and Term Deposits.

Published 24 Feb, 2020 12:00am

The Weather

The weather report on Sunday (February 23, 2020) and the forecast for Monday (February 24, 2020).

Published 24 Feb, 2020 12:00am

IT & Computers

Aaj TV - Monday's schedule

All timings are in PST (Pakistan Standard Time).

Published 24 Feb, 2020 12:00am

Cricket

Quetta Gladiators beat Karachi Kings in HBL PSL V 2020

Quetta Gladiators defeated Karachi Kings by 5 wickets in the sixth match of HBL PSL V 2020 at National Stadium Karachi (NSK), here on Sunday.

Published 24 Feb, 2020 12:00am

Cricket

Temporary hospital set up at Gaddafi Stadium

The temporary hospital established by Lahore General Hospital at Gaddafi Stadium during the matches of Pakistan Super League will remain functional until March 23, where doctors, nurses and paramedical staff have been deployed and they are performing thei

Published 24 Feb, 2020 12:00am

Cricket

Mari Petroleum win Oil & Gas T20 Cricket Championship

Mari Petroleum Company Limited (MPCL) was crowned as Oil & Gas T20 Cricket Champion when they defeated Fauji Fertilizer Company (FFC) by convincing margin of 53 runs at Diamond Cricket Ground Islamabad.

Published 24 Feb, 2020 12:00am

Cricket

Peshawar claim 4th KP T20 Blind Cricket Cup

Peshawar claimed the trophy after defeating Attock in the final of the 4th Khyber Pakhtunkhwa Twenty20 Blind Cricket Cup played here at Hayatabad Sports Complex on Sunday. Peshawar won the toss and elected to bat first by setting up a target of 222 for th

Published 24 Feb, 2020 12:00am

Other

Mathra Tehsil win KP U-21 Inter-Tehsil Volleyball trophy

Mathra Tehsil won volleyball trophy after defeating Peshawar City Tehsil in the final of the ongoing Khyber Pakhtunkhwa U21 Peshawar District Inter-Tehsil Games being played here at Qayyum Sports Complex on Sunday.

Published 24 Feb, 2020 12:00am

Cricket

South Africa hold nerve for win over England at women's T20

South Africa's batters held their nerve to deliver a surprise six-wicket victory over England at the women's T20 World Cup in Perth on Sunday. The Proteas are making the early running in Group B along with the West Indies, who beat newcomers Thailand on S

Published 24 Feb, 2020 12:00am

Other

Abdullah wins All Pakistan Imran Memorial Squash title

International Abdullah Nawaz lifted the trophy after defeating his strong rival Saki Ullah in the final of the All Pakistan Imran Mohib Khan Memorial Squash Championship played at PAF Hashim Khan Squash Complex here Sunday.

Published 24 Feb, 2020 12:00am

Cricket

Warner stranded as Australia fall short in second T20

Opener David Warner scored an unbeaten half-century in vain as Australia blew what appeared to be a comfortable chase and South Africa claimed a 12-run victory in the second Twenty20 International on Sunday.

Published 24 Feb, 2020 12:00am

Cricket

Boult fired up as New Zealand have India on the ropes

New Zealand quick Trent Boult declared himself "happy to be back" as he bagged three wickets to leave India struggling for survival at stumps on day three of the first Test in Wellington on Sunday. India, faced with a 183-run first-innings deficit, were 1

Published 24 Feb, 2020 12:00am

Cricket

Bangladesh dominate Zimbabwe

Najmul Hossain and skipper Mominul Haque hit half-centuries as Bangladesh replied strongly to Zimbabwe in their one-off Test in Dhaka on Sunday. Najmul made 71 off 139 balls while Mominul was unbeaten on 79 as Bangladesh reached 240-3 at stumps on the sec

Published 24 Feb, 2020 12:00am

IT & Computers

Cloud computing: invisible, versatile and highly profitable

With each passing quarter, Amazon, Microsoft and Google have been setting new records, while cloud computing has become the invisible backbone supporting much of our daily lives. Its potential to become an even bigger part of people's daily existence is s

Published 24 Feb, 2020 12:00am

IT & Computers

Facebook's Zuckerberg calls for new-style regulator for EU

Facebook head Mark Zuckerberg called for a new type of big tech regulator as he lobbied the EU officials who have become the world's top enforcers on big tech. The founder of the world's biggest social network, which also owns Instagram and Whatsapp, came

Published 24 Feb, 2020 12:00am

IT & Computers

Alphabet cuts cord on power-generating kite business

Google-parent Alphabet is shutting down a unit devoted to using high-tech kites to tap into wind energy for electricity, the chief of the team said on Tuesday. Makani became a "moonshot" project in a special Alphabet X lab when the startup was acquired se

Published 24 Feb, 2020 12:00am

Telecommunication

New Qualcomm chips aim at connecting phones to disparate 5G networks

Qualcomm Inc on Tuesday introduced new chips designed to connect mobile phones to 5G networks that operate differently around the world. Qualcomm is the world's biggest supplier of mobile phone chips. The San Diego, California-based company said its new X

Published 24 Feb, 2020 12:00am

IT & Computers

Dell sells RSA cyber-security unit for $2 billion

Dell Technologies on Tuesday announced a $2.08 billion cash deal to sell cyber-security unit RSA to a consortium led by Symphony Technology Group. RSA specializes in defending computer systems and runs eponymous cyber-security conferences. The deal was ex

Published 24 Feb, 2020 12:00am

Every child under 'immediate threat' from climate, poor diet: UN

The world is failing to protect children from the health dangers posed by climate change and poor diet, a landmark UN report said Wednesday, warning that every child is under "immediate threat". According to more than 40 of the world's pre-eminent child a

Published 24 Feb, 2020 12:00am

More sleep at night might reduce daytime injury risk

Healthy adults who get at least eight hours of sleep a night may be less likely to experience common exercise-related injuries like fractures, sprains and muscle strains, a study of US soldiers suggests. The "Spur Ride" is a voluntary rite of passage wher

Published 24 Feb, 2020 12:00am

China says coronavirus vaccine trials to start around late April

China could start clinical trials for a potential vaccine for the novel coronavirus around late April, an official said on Friday. Public and private researchers around the world have been working to develop treatments and vaccines to combat the COVID-19

Published 24 Feb, 2020 12:00am

Global warming causing 'irreversible' mass melting in Antarctica: scientist

Global warming was leading to an "irreversible" mass melting of the Antarctic ice and purging carbon from the atmosphere was the only solution to slow the process, an Australian climate scientist told Reuters on Wednesday.

Published 24 Feb, 2020 12:00am

US researchers use AI to develop powerful new antibiotic

In a first, US researchers have used artificial intelligence to identify a powerful new antibiotic capable of killing several drug-resistant bacteria. Antibiotics have been a cornerstone of modern medicine since the discovery of penicillin, but their effe

Published 24 Feb, 2020 12:00am

Stocks

J.P Morgan shakes up investment bank in leadership makeover

J.P Morgan is reshuffling senior management at the top of its investment bank, naming two new global co-heads and shifting some of its most senior dealmakers into new jobs focused purely on bringing in business, two sources told Reuters. The Wall Street b

Published 24 Feb, 2020 12:00am

Global Business Economy

Air France says coronavirus impact may climb above $200 million

Air France-KLM warned on Thursday of a 150 million to 200 million euro ($162 million to $216 million) hit to earnings by April as it contends with the China coronavirus epidemic's "brutal" impact on the airline industry. The Franco-Dutch group's shares fe

Published 24 Feb, 2020 12:00am

Global Business Economy

DP World returns to full state ownership, takes on $8.1 billion debt

Dubai is to take full control of port operator DP World in a deal with a $13.9 billion valuation that will help the company at the centre of the emirate's 2009 debt crisis to repay some of its borrowings.

Published 24 Feb, 2020 12:00am

Global Business Economy

Maersk warns coronavirus outbreak to hit 2020 earnings

Shipping giant Maersk warned on Thursday that the coronavirus outbreak would weigh on earnings this year, compounding the woes of a container shipping industry already subdued by trade wars and an economic slowdown. Maersk, which reported a lower-than-exp

Published 24 Feb, 2020 12:00am

Money & Banking

Switzerland's UBS starts new chapter with Dutch tech innovator as chief

UBS, the world's largest bank to the rich, named the head of ING as chief executive on Thursday, seeking to tap his tech knowledge after he transformed the Dutch lender into one of Europe's most successful online banks.

Published 24 Feb, 2020 12:00am

Money & Banking

Britain's Lloyds hit by bad deeds and bad debts

Britain's biggest domestic lender Lloyds Banking Group reported a 26 percent drop in annual profit on Thursday, hit by increasing bad debts and billions of pounds of customer compensation. Provisions to cover payouts to customers mis-sold payment protecti

Published 24 Feb, 2020 12:00am

Global Business Economy

Unilever, 3M on list of firms eligible for China loans to ease coronavirus crisis

Shanghai has compiled a list of firms, including local units of multi-nationals Unilever PLC and 3M Co, as eligible for millions of dollars in subsidised loans to ease any blow from the coronavirus outbreak, according to bankers and documents seen by Reut

Published 24 Feb, 2020 12:00am

Global Business Economy

Coronavirus slams Adidas, Puma sales in China

German sportswear makers Adidas and Puma said Wednesday store closures in China because of the novel coronavirus outbreak had caused sales to plummet in recent weeks. "Our business activity in Greater China has been around 85 percent below the prior year

Published 24 Feb, 2020 12:00am

Global Business Economy

BAE Systems predicts 2020 growth despite Saudi ban

Britain's BAE Systems forecast another year of growth in 2020, saying the company was well-placed to take advantage of increased defence spending that could help to offset any future impact from a German ban on arms exports to Saudi Arabia. Full-year resu

Published 24 Feb, 2020 12:00am

Global Business Economy

UK takes swipe at 'indecisive' EU as trade talk rancour grows

Britain criticised the European Union on Sunday over the process of agreeing its negotiating mandate for post-Brexit trade talks, saying the bloc was "hamstrung by indecision and delay" because different members wanted different things.

Published 24 Feb, 2020 12:00am

Global Business Economy

Britain considers looser fiscal rules for March 11 budget

Britain is considering relaxing rules on public spending at an upcoming budget on March 11, the Sunday Times reported citing unnamed sources.

Published 24 Feb, 2020 12:00am

Global Business Economy

EU wants battery autonomy, but first it needs graphite

As Europe looks to declare its tech independence by becoming a leader in next-generation batteries, it will have to start by making its own graphite. The problem is, nearly all of it now comes from Asia, mainly China.

Published 24 Feb, 2020 12:00am

Global Business Economy

Fox and NBCUniversal to acquire streaming platforms

Media groups Fox Corp. and NBCUniversal are looking to buy ad-supported streaming platforms meant to lure customers who don't want to spend money on subscriptions, the Wall Street Journal reported Friday.

Published 24 Feb, 2020 12:00am

Money & Banking

Argentina agrees to IMF talks aimed at new financing program

Argentina and the IMF announced Saturday that they have agreed to start talks aimed at reaching a new financing agreement for the heavily indebted South American nation.

Published 24 Feb, 2020 12:00am

Global Business Economy

Chinese restaurants starved for cash as virus hits industry

It is lunch time in Beijing, but the only diner in Cindy's Cafe is an employee having a staff meal - it has been closed for more than three weeks as China battles a deadly virus epidemic.

Published 24 Feb, 2020 12:00am

Money & Banking

If Lebanon needs financial aid, France will be there

France is ready to support Lebanon financially - bilaterally or multilaterally - its finance minister said on Sunday, warning against mixing economic recovery in the small Mediterranean state with US-led efforts to counter Iran in the region.

Published 24 Feb, 2020 12:00am

Money & Banking

UAE economy grows 2.9pc in 2019: central bank

The United Arab Emirates' economy grew at 2.9% year-on-year in 2019, up from 1.7% in 2018, a UAE central bank report said. The country's hydrocarbon sector grew at 7.6% in 2019, while the non-hydrocarbon sector expanded by 1.1%, the bank report said.

Published 24 Feb, 2020 12:00am

Commodities

Egypt to launch bid for gold exploration in Eastern Desert

Egypt plans to launch an exploration round for gold in its Eastern Desert in the first half of March, an official at the mineral resources authority said on Sunday.

Published 24 Feb, 2020 12:00am

Stocks

Wall Street week ahead: Fund managers look for value in high-priced consumer sector

Expectations that spending on items ranging from hotels to clothing will continue to rise have helped make consumer discretionary stocks the most expensive sector in the S&P 500. Now fund managers are looking for ways to profit without getting burned, if

Published 24 Feb, 2020 12:00am

Stocks

Chinese AI firm Megvii to refile for Hong Kong IPO

Chinese artificial intelligence company Megvii Technology, which is on a US blacklist, plans to refile for a Hong Kong initial public offering after its current application lapses on Tuesday, two people with direct knowledge of the matter said.

Published 24 Feb, 2020 12:00am

Money & Banking

More than 50 percent of LatAm fund managers cite China slowdown as major risk

Slowing economic growth and commodities demand in China is by far the biggest single worry among Latin American fund managers, who are now holding the largest cash position in their portfolios in two years, a Bank of America Merrill Lynch (BAML) survey sh

Published 24 Feb, 2020 12:00am

Money & Banking

Brazil FX to mark time around lows

Brazil's real is likely to trade around record lows in coming months while speculators watch for signs of progress in President Jair Bolsonaro's policy overhaul drive as lawmakers reconvene after the summer recess, a Reuters poll showed.

Published 24 Feb, 2020 12:00am

Money & Banking

New Chinese fund attracts $17 billion; trading undeterred by virus

A Chinese fund attracted about 120 billion yuan ($17.14 billion) of subscriptions on its first day, on Tuesday, 20 times the sales target, a source said, underscoring investor enthusiasm despite the coronavirus. The mutual fund, which can invest up to 95%

Published 24 Feb, 2020 12:00am

Money & Banking

King dollar rules FX heap as virus threatens global growth

A powerful surge in the dollar threatens to magnify the pain for companies and nations already struggling with the economic fallout of the coronavirus. The US dollar index has jumped 3.5% this year, taking the greenback to its highest level since 2017 and

Published 24 Feb, 2020 12:00am

Money & Banking

Dollar favoured safe haven in Asia

The dollar was sucking up funds across Asia on Thursday after a steep and sudden slide in the Japanese yen called into question its safe haven status and spooked investors out of local assets. Everything from the Australian dollar to the Indian rupee were

Published 24 Feb, 2020 12:00am

Money & Banking

FX trading volumes total $1.772 trillion in January

Average daily foreign exchange trading volumes in January totalled $1.772 trillion, little changed on a year earlier but up 11% from December levels as the threat of a coronavirus in China helped stimulate more trading, CLS said on Thursday. CLS, a major

Published 24 Feb, 2020 12:00am

Money & Banking

Banks weigh on Saudi, Dubai as most major Gulf markets fall

Most major Gulf stock markets fell on Sunday, with Saudi Arabia hurt by losses in banking shares that outweighed gains in Saudi Aramco and Emirates NBD dragging the Dubai index lower.

Published 24 Feb, 2020 12:00am

Money & Banking

Options markets flash euro warnings after currency plunges

The euro's tumble below $1.08 for the first time in three years may be only the first milestone in its downward journey, with global newsflow, economic data and option market positioning all seemingly stacked against the single currency.

Published 24 Feb, 2020 12:00am

Money & Banking

Quality of corporate debt falls as bond stocks hit all-time high: OECD

The build-up of corporate bonds has hit unprecedented levels since the 2008 financial crisis and created a global stock of outstanding debt with a lower rating quality and higher payback requirements compared with past cycles, the OECD said.

Published 24 Feb, 2020 12:00am

Rockets fired from Gaza after Palestinian killed

Palestinian militants in Gaza said they fired a barrage of rockets at Israel on Sunday, in a new flareup a week ahead of a general election in the Jewish state. The radical group Islamic Jihad said the strikes were in response to Israel's killing of one o

Published 24 Feb, 2020 12:00am

Saudi-led coalition says Yemen rebel depots hit in Sanaa

The Saudi-led coalition said it launched air raids Sunday targeting ballistic missile and drone depots in Yemen's capital of the Iran-backed Huthis, two days after the rebels fired missiles into the kingdom.

Published 24 Feb, 2020 12:00am

Togo president's camp claims victory

Supporters of Togo President Faure Gnassingbe claimed Sunday that he had won re-election after his main challenger said he could stage an upset despite "revelations of fraud".

Published 24 Feb, 2020 12:00am

Hamburg voters punish German right, Merkel party

Voters in German city-state Hamburg punished Chancellor Angela Merkel's crisis-racked conservatives and ejected the far right from parliament in a regional election Sunday, according to an exit poll. According to the Infratest exit poll, the biggest winne

Published 24 Feb, 2020 12:00am

Sandstorm forces closure of airports on Spain's Canary Islands

Airports on Spain's Canary Islands were closed again Sunday after a sandstorm hit the archipelago, airport authorities said. Air travel was first disrupted on the archipelago on Saturday after strong winds carrying red sand from the Sahara shrouded the to

Published 24 Feb, 2020 12:00am

Malaysia's Anwar says partners trying to bring down government

Malaysia's leader-in-waiting Anwar Ibrahim on Sunday denounced "betrayal" in his ruling coalition, saying that some partners were trying to bring down the government and form a new one. The comments came after senior figures from his coalition and opposit

Published 24 Feb, 2020 12:00am

Conservatives claim victory in Iran polls after record low turnout

Iran's conservatives claimed victory Sunday in a general election marked by the lowest turnout since the 1979 Islamic Revolution amid public anger against the government, an economic downturn and the disqualification of half the candidates.

Published 24 Feb, 2020 12:00am

Iran's neighbours impose travel bans as coronavirus toll rises

Iran's confirmed death toll from the new coronavirus rose to eight on Sunday, the highest outside China, sending neighbouring countries scrambling to contain the outbreak. Turkey said it would "temporarily" shut its border with Iran, while Pakistan also s

Published 24 Feb, 2020 12:00am

Third death from Japan cruise ship

A third person from a coronavirus-stricken cruise ship quarantined off Japan has died, the health ministry said Sunday, as new infections among former passengers emerged. Japan has been criticised in the face of mounting evidence that the quarantine impos

Published 24 Feb, 2020 12:00am

AQAP confirms death of leader, appoints successor

Al-Qaeda in the Arabian Peninsula on Sunday confirmed the death of its leader Qassim al-Rimi and appointed a successor, the SITE monitor said, weeks after the US said it had "eliminated" him. The announcement came in an audio speech delivered by AQAP reli

Published 24 Feb, 2020 12:00am

Four Mali soldiers killed in suspected jihadist attack

Four Mali soldiers were killed and eight wounded Sunday in a suspected jihadist attack on an army camp in the far north of the country, the Malian military said.

Published 24 Feb, 2020 12:00am

Brief Recordings

'Reckitt Benckiser Pakistan will invest more in local production' an Interview with Kashan Hasan, CEO Reckitt Benckiser

Kashan has been associated with Reckitt Benckiser (RB), a global leader in consumer health and hygiene, for the last 12 years, serving in various successful leadership roles across the globe in Pakistan, UK, South Africa, Egypt and the Middle East. In his

Updated 24 Feb, 2020 04:04am

COMSATS meeting planned for March 2

Over 50 top scientists belonging to 21 countries are reaching Karachi to participate in the 23rd meeting of the Coordinating Council of the Commission on Science and Technology for Sustainable Development in the South (COMSATS) being held in conjunction w

Published 24 Feb, 2020 12:00am

PFA seals two dairy units, ice factory

The Punjab Food Authority (PFA) has disposed of 15,000 liters substandard milk after sealing three food businesses including two dairy units and an ice factory while carrying out a grand operation to control the supply of adulterated milk in Punjab.

Published 24 Feb, 2020 12:00am

Evaluation of 10BTT: MoCC to install GPS for better monitoring: minister

Minister of State for Climate Change Zartaj Gul has said the ministry of climate change was working out to install global position system (GPS) for effective monitoring and evaluation of 10 Billion Tree Tsunami (10BTT) plantation programme.

Published 24 Feb, 2020 12:00am

'Over 150,000 medical professionals to be hired for UK'

A Pakistani employment recruitment agency will hire services of a large number of healths professional for their placement in Britain, under an agreement, signed with the MMC Healthcare Limited, UK recently. AFCO-Private Limited, Pakistan recently signed

Published 24 Feb, 2020 12:00am

Business & Economy

AGP detects losses of Rs 3.384 billion in KP Energy & Power Department

The Auditor General of Pakistan (AGP) has detected two cases of the non-recovery of a huge amount of Rs.3384.794 million in the accounts of the Energy and Power Department of Khyber Pakhtunkhwa, says AGP Audit Year 2016-17.

Published 24 Feb, 2020 12:00am

Business & Economy

Government urged to slash taxes on furniture industry

Muhammad Ahmed Waheed, President, Islamabad Chamber of Commerce and Industry have called upon the government to reduce taxes on furniture industry in the forthcoming budget that would facilitate its better growth and enhance exports. He said this while ad

Published 24 Feb, 2020 12:00am

UVAS Alumni Association's newly elected office-bearers

The Alumni Association of the University of Veterinary and Animal Sciences (UVAS) arranged its 11th annual reunion and elected new office-bearers for two years. Former principal of the College of Veterinary Science (CVS) Lahore Prof Dr Sagheer Ahmad Jafri

Published 24 Feb, 2020 12:00am

Buzdar to lay foundation stone of Mother & Child Hospital today

Punjab Chief Minister Usman Buzdar will lay the foundation stone of Mother & Child Hospital Project in Sir Ganga Ram Hospital on Monday (today). According to information, the 600-bed hospital will be set up with an estimated cost of Rs7 billion. Four bill

Published 24 Feb, 2020 12:00am

Cotton & Textile

WEEKLY COTTON REVIEW: Prices remain stable

The prices of cotton remained stable. There are two major threats to the cotton crop for the next season. The germination process of seeds is alarmingly low. Emergency should be imposed to control Locust swarm. India, Vietnam, Bangladesh are taking advant

Published 24 Feb, 2020 12:00am

COAS visits Morocco, meets key personalities

Chief of the Army Staff (COAS) General Qamar Javed Bajwa on Sunday met Abdellatif Loudiyi, Minister Delegate to the Head of Government in Charge of the Administration of National Defence and General Abdelfattah Lourak, Inspector General of Royal Armed For

Published 24 Feb, 2020 12:00am

Business & Economy

Advanced skills scholarships: Revised PC-I submitted to CDWP for approval

The revised PC-I of the project `Advanced Skills Development through International Scholarships- Phase I' has been submitted to Central Working Development Party (CDWP) for approval after the changes suggested by Planning Division.

Published 24 Feb, 2020 12:00am

'Pakistan has potential to develop aquaculture on industrial scale'

Omar Hayat, a renowned expert on fisheries and aquaculture of Pakistan, has called for extending support to fisheries sector to enhancement their productivity and income to generate employment opportunities in rural areas of the country.

Published 24 Feb, 2020 12:00am

Business & Economy

Mian Mansha-led businessmen delegation meets Alvi

An exclusive dinner reception was hosted by Chairman Nishat Group Mian Mohammad Mansha for President Dr Arif Alvi, First Lady Samina Alvi and Lahore based business families. On the occasion, businessmen met the President and exchanged views on the prevail

Published 24 Feb, 2020 12:00am

IG Kaleem acting as PTI district president: PPP leader

Deputy Secretary Information Pakistan Peoples Party Palwasha Khan has said that Sindh IG Syed Kaleem Imam has exposed himself by writing a letter to the Chief Election Commissioner asking him the transfer of Superintendent and Deputy Commissioner Umarkot.

Published 24 Feb, 2020 12:00am

JI's anti-inflation campaign begins

Chief of Jamaat-e-Islami Senator Siraj has demanded the government annul all anti-poor agreement with the IMF and immediately announce decrease in prices of essential food items. According to the media cell of JI at Mansoora, he was addressing a large cro

Published 24 Feb, 2020 12:00am

Prices of essential commodities witness mixed trend

Mixed trend in prices of essential food commodities, like vegetable, pulses, live chicken/meat, sugar, flour and other was witnessed in retail market, according to a survey carried out by Business Recorder here on Sunday.

Published 24 Feb, 2020 12:00am

Stocks

Awareness seminar on PSX held in Peshawar

The Sarhad Chamber of Commerce and Industry (SCCI) in collaboration with Pakistan Stock Exchange (PSX) Islamabad region organized a seminar to create awareness among investors regarding the PSX at the chamber house.

Published 24 Feb, 2020 12:00am

Spring tree plantation campaign kicks off

On "Plant for Pakistan Day", Deputy Commissioner Muhammad Ali and parliamentarians Sh Khurram Shahzad and Shakil Shahid inaugurated the spring tree plantation campaign by plant a sapling at Chak no 155 Rb Panwa village at Canal Express Way.

Published 24 Feb, 2020 12:00am

Business & Economy

Pakistan Auto Show 2020 successfully concludes

A three-day Pakistan Auto Show 2020 successfully concluded at the Expo Centre Lahore on Sunday with a turnout of over 100,000 visitors. The show, organized by the Pakistan Association of Automotive Parts and Accessories Manufacturers (PAAPAM), attracted a

Published 24 Feb, 2020 12:00am

Business & Economy

Effective drugs for COVID-19 exported to China: report

Pakistan has effective drug for COVID-19, Over 300,000 pieces exported to China, an article published by Economic Daily, China Economic Net (CEN) on February 21st has got 5.71 million page views on Toutiao.com and 38,000 likes.

Published 24 Feb, 2020 12:00am

Firdous lauds sacrifices of Kashmiri daughters for freedom

Special Assistant to the Prime Minister on Information and Broadcasting Firdous Ashiq Awan said on Sunday that February 23 is the day to salute the daughters of Kashmir who sacrificed their husbands in the struggle for the freedom of Kashmir.

Published 24 Feb, 2020 12:00am

Minister deplores violations of minorities' rights in India

Special Assistant to the Prime Minister on Information and Broadcasting Dr Firdous Ashiq Awan has expressed regret over violations of minorities' rights in India due to Hindutva policies pursued by the Modi-led regime.

Published 24 Feb, 2020 12:00am

Nehr-e-Khayam Park: Sindh government, PANI initiate tree plantation drive

Sindh Government and People & Nature Initiative (PANI), an NGO, initiated a tree plantation drive to inaugurate the development of Nehr-e-Khayam Park here on Sunday. To inaugurate the occasion, a tree plantation drive was conducted with the students of th

Published 24 Feb, 2020 12:00am

Federal government failing at all level: Sindh CM

Sindh Chief Minister Syed Murad Ali Shah has said that the federal government has failed at all level and its coalition parties were also not happy and even members of the government were giving tough time to Prime Minister. He was talking to media men at

Published 24 Feb, 2020 12:00am

Business & Economy

Survey shows 2019 year of endurance for Japanese companies in Pakistan

In August and September 2019, Japan External Trade Organization (JETRO) conducted its annual survey of business conditions of Japanese companies operating in Asia / Oceania. The Survey includes results from 19 countries and regions.

Published 24 Feb, 2020 12:00am

Two abducted sisters rescued, 3 kidnappers held

The police rescued two teenage sisters kidnapped some eight days earlier and arrested three abductors during separate raids here on Sunday. According to details, two real sisters Iqra 17, and Jasmine 14, hailing from Musa Colony went missing from Karimaba

Published 24 Feb, 2020 12:00am

Namal University convocation: PM urges youth to set roadmap for successful life

Prime Minister Imran Khan Sunday stressed upon the country's youth, especially students to clearly identify a roadmap of life with clear objectives to achieve their aims and always learn from the bitter lessons of life.

Published 24 Feb, 2020 12:00am

Business & Economy

TDAP awareness session on SMEs held in Sukkur

TDAP session was held on 20th February at Sukkur in collaboration with Sindh Chamber of Agriculture to provide initial awareness about provisions and facilities/services conferred by financial institutions to local SMEs of potential products.

Published 24 Feb, 2020 12:00am

Growing fiscal risks

Ministry of Finance has released the mid-term budget review report for 2019-20 and identified six major fiscal risks facing the economy: (i) substantial revenue shortfall; (ii) unexpected volatility in exchange rate; (iii) losses and circular debt in the

Updated 24 Feb, 2020 06:31am

Amoral medical practitioners

A high profile illegal organ transplant case, once again, spotlights how criminality survives in this society. A daughter of famous comedian Omar Sharif died last Monday following illegal kidney transplant carried out by a government hospital surgeon, Dr

Updated 24 Feb, 2020 06:50am

Articles

Ideology versus technocracy

The debate on whether to employ a technocrat, with no party affiliations, over and above an ideologue, who supports the party's ideology, was never under serious debate on Pakistan's political scene - be they military adventurers or civilian governments.

Published 24 Feb, 2020 12:00am

Articles

40 years of Pakistani hospitality

Welcome to the unwelcomed is the lost spirit of giving refuge to the displaced. Consider a lost soul- they are those who are runaways, those who are strangers, those who are unwanted, those who have no identity, those who have no houses, those who have no

Published 24 Feb, 2020 12:00am

Articles

Virus hits shipping, spreading global economic strain

Sea freight transport, the lifeblood of trade and a bellwether of the global economy, has been blown off course by the new coronavirus, sparking general alarm. As analysts pore over charts to gauge just how badly Chinese mega-factories have been hit, figu

Published 24 Feb, 2020 12:00am

Letters

'Do not give me fish...'

Reaching out to people living below poverty line is a good government strategy. I'm sure that the government's Rs 15 billion Ehsaas programme will be a huge success story in future. Television broadcasts showing prime minister handing over a water buffalo

Published 24 Feb, 2020 12:00am

Coronavirus threat: People barred from travelling to Iran

Balochistan government on Sunday banned movement of Pakistani passengers to Iran in a wake of coronavirus threat. According to details, over 100 passengers have been called back to Quetta from Taftan while the local government has also directed to establi

Published 24 Feb, 2020 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 13	281.73
USD PKR Interbank Buying / May 13	281.53
USD to Japanese Yen / May 13	147.90
USD to Swiss Franc / May 13	0.84
Pound Sterling to USD / May 13	1.32
Euro to USD / May 13	1.11
UK LIBOR % / May 12	4.96

Stock	Volume
S&P 500 / May 12	5,844.19
Nasdaq / May 12	18,708.34
Dow Jones / May 12	42,410.10
India Sensex / May 13	81,726.97
Tokyo Nikkei / May 13	38,305.85
Hang Seng / May 13	23,188.20
FTSE 100 / May 13	8,606.55
Germany DAX 30 / May 13	23,595.02
France CAC40 / May 13	7,859.80

Item	Value
Karachi Cotton PKR/37.32 KG / May 12	16,985
Gold 10 Grams PKR / May 12	291,923
Petrol/Litre / May 13	252.63
Crude Oil USD/Barrel / May 13	61.90
Gold Spot USD/Ounce / May 13	3,253.26
Diesel/Litre / May 13	256.64
Cotton US¢/pound / May 13	66.85

Gainers
Losers
Leaders

Stock	Price
Grays Leasing / May 13 Grays Leasing Limited(GRYL)	4.51 ▲ 0.72 (19%)
TPL Trakker Ltd / May 13 TPL Trakker Limited(TPLT)	6.59 ▲ 1 (17.89%)
Al-Shaheer Corp / May 13 Al Shaheer Corporation Limited(ASC)	6.88 ▲ 1 (17.01%)
B. F. Mod. / May 13 B.F. Modaraba(BFMOD)	8.34 ▲ 1 (13.62%)
Burj Clean Energy Modaraba / May 13 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	9.11 ▲ 1 (12.33%)
Mahanna Islamic Index / May 13 Mahanna Islamic Index Traded Fund(MIIETF)	15.47 ▲ 1.65 (11.94%)
Haseeb Waqas / May 13 Haseeb Waqas Sugar Mills Limited(HWQS)	9.59 ▲ 1 (11.64%)
Gulshan Sp. / May 13 Gulshan Spinning Mills Limited(GSPM)	3.40 ▲ 0.35 (11.48%)
Ghazi Fabrics / May 13 Ghazi Fabrics International Limited(GFIL)	10.17 ▲ 1 (10.91%)
PIA Holding Co.Ltd / May 13 PIA Holding Company Limited(PIAHCLA)	14.80 ▲ 1.35 (10.04%)

Stock	Price
Power Cem(Pref) / May 13 Power Cement (Pref)(POWERPS)	15.35 ▼ -1.71 (-10.02%)
Bilal Fibres / May 13 Bilal Fibres Limited(BILF)	19.59 ▼ -2.18 (-10.01%)
TPL Life Insur. / May 13 TPL Life Insurance Limited(TPLL)	46.80 ▼ -5.2 (-10%)
Din Tex. / May 13 Din Textile Mills Limited(DINT)	45 ▼ -4.99 (-9.98%)
Mughal Energy / May 13 Mughal Energy Limited(GEM)(GEMMEL)	19.90 ▼ -2.12 (-9.63%)
Suhail Jute / May 13 Suhail Jute Mills Limited(SUHJ)	78.36 ▼ -8.24 (-9.52%)
First Punjab Modaraba / May 13 First Punjab Modaraba(FPJM)	2.77 ▼ -0.28 (-9.18%)
Parmount Sp. / May 13 Paramount Spinning Mills Limited(PASM)	3.36 ▼ -0.31 (-8.45%)
First AL-Noor Mod. / May 13 First Al-Noor Modaraba(FANM)	2.95 ▼ -0.25 (-7.81%)
First IBL Mod. / May 13 First IBL Modaraba(FIBLM)	3 ▼ -0.24 (-7.41%)

Stock	Volume
WorldCall Telecom / May 13 Worldcall Telecom Limited(WTL)	41,734,903 ▼ -0.06
Maple Leaf Cement / May 13 Maple Leaf Cement Factory Limited(MLCF)	41,052,877 ▲ 6.27
Sui South Gas / May 13 Sui Southern Gas Company Limited(SSGC)	35,773,773 ▲ 2.33
Oil & Gas Dev. / May 13 Oil & Gas Development Company Limited(OGDC)	30,912,153 ▲ 15.65
B.O.Punjab / May 13 The Bank of Punjab(BOP)	24,175,098 ▼ -0.16
Cnergyico PK / May 13 Cnergyico PK Limited(CNERGY)	24,174,880 ▼ -0.09
K-Electric Ltd. / May 13 K-Electric Limited(KEL)	23,803,446 ▼ -0.22
At-Tahur Ltd. / May 13 At-Tahur Limited(PREMA)	21,754,749 ▼ -3.25
Fauji Cement / May 13 Fauji Cement Company Limited(FCCL)	20,681,855 ▲ 1.82
D.G.K.Cement / May 13 D.G. Khan Cement Company Limited(DGKC)	19,785,523 ▲ 10.35

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