News Archives for Print - 2020-06-28

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Print - 2020-06-28

IHC forms bench for NFC case hearing

ISLAMABAD: The Islamabad High Court on Saturday has constituted a division bench for hearing of the challenge to the...

Published 28 Jun, 2020 02:59am

Syndicate chairpersons: Hiring retired bureaucrats, judges may weaken varsities' autonomy: speakers

ISLAMABAD: The draft 'Punjab Public Sector Universities Amendment Act 2020' undermines the autonomy of the...

Published 28 Jun, 2020 02:59am

PTI MNA lodges FIR against party MPA

KARACHI: It seems like the Pakistan Tehreek-e-Insaf (PTI) members' infighting has not been limited to cabinet only,...

Published 28 Jun, 2020 02:59am

KCCI chief expresses concern over KE's poor performance

KARACHI: Karachi Chamber of Commerce & Industry (KCCI) president Agha Shahab Ahmed Khan, while expressing deep...

Published 28 Jun, 2020 02:59am

Covid-19: 11901 samples tested in Sindh, 22pc found positive: CM

KARACHI: Out of 11901 tested samples, as many as 1949 new cases of Covid-19 were found positive while 38 more...

Published 28 Jun, 2020 02:59am

MQM-P announces large-scale protest against Sindh govt

KARACHI: The Muttahida Qaumi Movement-Pakistan (MQM-P)' lawmakers in Sindh Assembly Saturday ended a sit-in in ...

Published 28 Jun, 2020 02:59am

Cotton

'Govt working on Chinese seed technology'

ISLAMABAD: Minister for National Food Security Syed Fakhar Imam says technological modernization can increase cotton...

Published 28 Jun, 2020 02:59am

Domicile certificates: World urged to stop India from changing demographic structure of IOJ&K

ISLAMABAD: Pakistan on Saturday categorically rejected the grant of domicile certificates of Indian occupied Jammu...

Published 28 Jun, 2020 02:59am

IHC forms bench for NFC case hearing

ISLAMABAD: The Islamabad High Court on Saturday has constituted a division bench for hearing of the challenge to the...

Published 28 Jun, 2020 02:59am

Mayor urges Sindh government to begin drains' cleaning

KARACHI: Mayor Karachi Wasim Akhtar on Saturday said some 38 big drains in the metropolis have not been cleaned ...

Published 28 Jun, 2020 02:59am

Pakistan's first digital fitness network to be launched

LAHORE: Dot Republic Media, one of the biggest YouTube MCN (Multi-Channel Network) in the region, in collaboration...

Published 28 Jun, 2020 02:59am

KP CM directs winding up of TCKP

PESHAWAR: KP Chief Minister Mahmood Khan has directed the completion of all the legal, financial and administrative...

Published 28 Jun, 2020 02:59am

Government working to develop strategy to overcome issues: Aleem

LAHORE: Senior & Food Minister Punjab Abdul Aleem Khan said on Saturday that PTI Government has inherited a...

Published 28 Jun, 2020 02:59am

20 players, 11 support staff members leaving for Manchester today: PCB

LAHORE: The Pakistan Cricket Board (PCB) on Saturday confirmed that 20 players and 11 player support personnel will...

Updated 28 Jun, 2020 03:21am

1,143 new cases of Covid-19 reported across Punjab

LAHORE: With 1,143 fresh cases across the province in the last 24 hours, Punjab has reported 72,880 coronavirus ...

Published 28 Jun, 2020 02:59am

PEF MD restrained from exercising powers

LAHORE: Chairman Board of Directors of Punjab Education Foundation Wasiq Qayum Abbasi has restrained Managing...

Published 28 Jun, 2020 02:59am

Elahi, Buzdar vow to work together

LAHORE: Punjab Chief Minister Sardar Usman Buzdar and Assembly Speaker Ch Pervaiz Elahi reaffirmed their commitment...

Published 28 Jun, 2020 02:59am

Taliban reject claims Russia aided attacks on US troops

KABUL: The Taliban on Saturday rejected a newspaper report claiming their fighters had received rewards from ...

Published 28 Jun, 2020 02:59am

MANAGEMENT ASSOCIATION OF PAKISTAN (MAP)

TEXT: MAP is a professional Association, a not-for-profit and a non-political organization. The Association has an...

Published 28 Jun, 2020 02:59am

Exchange

MILLAT TRACTORS LIMITED

TEXT: Millat Tractors Limited (MTL), an ISO 9001:2008 certified company is Pakistan's leading engineering concern in...

Published 28 Jun, 2020 02:59am

35th Corporate Excellence Awards: Message from ASIF IKRAM

"I am glad to share that within MAP's journey of over 55 years, endeavoring to lead the change process towards the...

Published 28 Jun, 2020 02:59am

35th Corporate Excellence Awards: Message from AMIR JAMIL ABBASI

"In pursuit of promoting excellence in corporate management, as enunciated in the Memorandum and Articles of the...

Published 28 Jun, 2020 02:59am

35th Corporate Excellence Awards: Message from ASAD UMAR

"I am pleased to see that the Management Association of Pakistan (MAP) is holding its 35th Corporate Excellence...

Published 28 Jun, 2020 02:59am

The Weather

KARACHI: The weather report on Saturday (June 27, 2020) and the forecast for Sunday (June 28, 2020)....

Published 28 Jun, 2020 02:59am

PIA grounds 141 pilots

KARACHI: Pakistan Inter-national Airlines (PIA) has grounded 141 pilots whose licences are suspected to be fake....

Published 28 Jun, 2020 02:59am

Cotton

190 demands for grants approved by NA

ISLAMABAD: The Finance Bill 2020 would be presented on Monday in the National Assembly for passage while the House ...

Published 28 Jun, 2020 02:59am

Farogh offered law ministry once again

ISLAMABAD: Prime Minister Imran Khan has asked Farogh Naseem to take charge of the Ministry of Law and Justice once...

Updated 28 Jun, 2020 03:21am

Qureshi says Pakistan ready to reopen Kartarpur Corridor

ISLAMABAD: Pakistan on Saturday announced that it was ready to reopen Kartarpur Corridor on 29th June 2020 on the...

Published 28 Jun, 2020 02:59am

India passes 500,000 coronavirus cases

NEW DELHI: India now has more than 500,000 confirmed coronavirus cases, according to government figures released...

Published 28 Jun, 2020 02:59am

Top US virus expert warns of 'serious problem' as cases surge

HOUSTON: America's top infectious diseases expert has warned the United States is facing a "serious problem" from a...

Published 28 Jun, 2020 02:59am

Exemptions stand at 37pc of tax expenditure

ISLAMABAD: The exemptions and concessions given to business and industry together (agribusiness, energy & ...

Published 28 Jun, 2020 02:59am

2019-20: FBR shares ST exemption method

ISLAMABAD: The Federal Board of Revenue (FBR) has shared methodology used for calculating sales tax...

Updated 28 Jun, 2020 03:24am

Fuel shortage: Country may face severe power crisis

ISLAMABAD: The country is likely to face severe power crisis as fuel oil stocks of around one dozen Independent ...

Updated 28 Jun, 2020 03:24am

Discos formally start unscheduled load-shedding

ISLAMABAD: Power Distribution Companies (Discos) have formally started unscheduled load-shedding across the country...

Updated 28 Jun, 2020 03:24am

Trump signs order 'protecting' monuments as crowds topple statues

WASHINGTON: US President Donald Trump on Friday signed an executive order pledging to enforce prosecution for...

Updated 28 Jun, 2020 03:24am

PML-N rejects increase

ISLAMABAD: The Pakistan Muslim League-Nawaz (PML-N) on Saturday lambasted the whopping increase in prices of...

Updated 28 Jun, 2020 03:25am

It's an attempt to please oil 'mafia': Opp lawmakers

ISLAMABAD: The lawmakers belonging to both Treasury and Opposition in the National Assembly on Saturday lambasted ...

Updated 28 Jun, 2020 03:25am

POL products: Govt explains increase in prices

ISLAMABAD: The federal government has passed on the partial impact of 112 percent increase in international crude ...

Updated 28 Jun, 2020 03:24am

Iceland president set for landslide election win

REYKJAVIK: Iceland began voting in a presidential election on Saturday, the second European country to hold polls...

Published 28 Jun, 2020 02:59am

Bomb kills two human rights workers in Kabul

KABUL: Two employees of Afghanistan's human rights body were killed in a bomb attack in Kabul on Saturday, the ...

Published 28 Jun, 2020 02:59am

Pakistan Railways' team monitors KCR revival work

KARACHI: Consequent upon the decision of the Supreme Court pertaining to the revival of Karachi Circular Railways...

Published 28 Jun, 2020 02:59am

State apparatus: FBR spells out cost of income tax exemptions, concessions

ISLAMABAD: The cost of income tax exemptions available to the Supreme Court of Pakistan, the Diamer-Bhasha and...

Published 28 Jun, 2020 02:59am

Fianna Fail's Micheal Martin elected as Ireland's PM

DUBLIN: Fianna Fail leader Micheal Martin was elected Saturday as Ireland's new prime minister, replacing Leo...

Published 28 Jun, 2020 02:59am

Pearl murder case: SC to hear appeal against SHC verdict tomorrow

ISLAMABAD: The Supreme Court of Pakistan on Saturday fixed the hearing of the US journalist Daniel Pearl murder case...

Published 28 Jun, 2020 02:59am

Khamenei warns economy will worsen if virus spreads

TEHRAN: Iran's supreme leader warned on Saturday that the country's economic problems would worsen if the novel...

Published 28 Jun, 2020 02:59am

Balochistan: PM orders implementation of 6pc job quota

ISLAMABAD: In the latest development to pacify a former coalition partner, the Balochistan National Party-Mengal...

Published 28 Jun, 2020 02:59am

Britain has to accept weaker economic ties with EU: Merkel

FRANKFURT AM MAIN: Britain will have to "accept the consequences" of having weaker economic ties with the European...

Published 28 Jun, 2020 02:59am

Bilawal, Mengal discuss situation

ISLAMABAD: Pakistan People's Party (PPP) Chairman Bilawal Bhutto-Zardari on Saturday phoned Balochistan National...

Published 28 Jun, 2020 02:59am

Export promotion: Pakistan to send mangoes to heads of state

KARACHI: Pakistan has decided to send mangoes to the heads of states of existing as well potential buying countries...

Published 28 Jun, 2020 02:59am

Locusts invade satellite city of India's capital

NEW DELHI: Desert locusts on Saturday invaded Gurugram, a satellite city of India's capital New Delhi, prompting...

Published 28 Jun, 2020 02:59am

Letters

Syed Munawwar Hassan

LETTER: This is apropos a Business Recorder editorial "Death of the 'maverick' of Jamaat" carried by the newspaper...

Published 28 Jun, 2020 02:59am

Fruit pickers sweat as virus flares in northern Spain

ARTICLE: In the verdant orchards of northeastern Spain, Guinean national Said Doumbia is picking nectarines in a job...

Published 28 Jun, 2020 02:59am

Migrant workers stuck in virus-hit Iraq with no wages

ARTICLE: For years, Rajib Sheikh wired money to his native Bangladesh from his day job in Iraq. But now, stuck...

Published 28 Jun, 2020 02:59am

After good start on virus response, California loses ground

ARTICLE: When the coronavirus pandemic first snowballed in the United States, California was hailed for its handling...

Published 28 Jun, 2020 02:59am

Currency

A week of ill-timed decisions

ARTICLE: Last week was eventful. On Wednesday, long-term bond (PIBs) yields went up in regular auction. The very ...

Published 28 Jun, 2020 02:59am

Dr Imran Farooq murder case

EDITORIAL: An anti-terrorism court (ATC) in Islamabad has finally delivered its verdict in a decade-old high profile...

Published 28 Jun, 2020 02:59am

Pilots without degrees

EDITORIAL: Unfortunately, it has taken a great national tragedy - the crash of the PIA Airbus 320 in Karachi last...

Published 28 Jun, 2020 02:59am

Industry

HCSTSI rejects price hike in petroleum products

HYDERABAD: President Hyderabad Chambers of Small Traders & Small Industry (HCSTSI) Daulat Ram Lohana has ...

Published 28 Jun, 2020 02:59am

Several vehicles stolen, policeman shot dead in Capital

ISLAMABAD: Despite imposition of "smart lockdown" in various residential areas of the federal capital, armed car...

Published 28 Jun, 2020 02:59am

Grains

Supply, demand of wheat: PBIF chief vows to observe situation

KARACHI: President Pakistan Businessmen and Intellectuals Forum Mian Zahid Hussain has emphasized the need that an...

Published 28 Jun, 2020 02:59am

PTI govt under fire for increasing prices of petroleum products

PESHAWAR: Political parties and general public have rejected increase in the prices of petroleum products and termed...

Published 28 Jun, 2020 02:59am

6,529 Covid-19 patients recover in Islamabad

ISLAMABAD: A total of 6,529 Covid-19 patients have recovered so far in the federal capital, taking the recovery rate...

Published 28 Jun, 2020 02:59am

Prior to PPP government, NICVD witnessed years of neglect

KARACHI: Prior to PPP govt, the NICVD had witnessed years of neglect, and was in a deteriorating state. Due to...

Published 28 Jun, 2020 02:59am

Exchange

PM to host dinner for party members, allies

ISLAMABAD: Prime Minister Imran Khan has decided to host a dinner for party members and allies in order to remove...

Published 28 Jun, 2020 02:59am

Munawar Hasan laid to rest

KARACHI: Funeral prayer of former chief of Jamaat-e-Islami (JI) Syed Munawar Hasan was offered at Eidgah ground in...

Published 28 Jun, 2020 02:59am

Commodities

Prices of essential kitchen items increased last week

ISLAMABAD: Following increase in petrol and diesel rates, the prices of an entire range of essential kitchen items...

Published 28 Jun, 2020 02:59am

Budgets

Sindh PA approves provincial budget 2020-21

KARACHI: The Sindh Assembly on Saturday approved the provincial budget of Rs1.24 trillion for the FY 2020-21 with a...

Published 28 Jun, 2020 02:59am

Money & Banking

Cut in interest rate by one percent: Business community hastens to tell SBP it's 'too little, too late'

KARACHI: The business community, while reacting to the State Bank of Pakistan's reducing the interest rate by one...

Published 28 Jun, 2020 02:59am

'Oil shock' to hit businesses, economy hard: LCCI

LAHORE: The business community strongly reacted over substantial increase in oil prices and said that this increase...

Updated 28 Jun, 2020 03:20am

Industry

Govt criticised for increasing prices of POL products

LAHORE: The Pakistan Hosiery Manufacturers and Exporters Association (PHMA) has lashed out at the government for...

Published 28 Jun, 2020 02:59am

Energy

US natural gas futures plunge to near 25-year low

NEW YORK: US natural gas futures collapsed over 7% to a near 25-year low on Thursday as demand destruction from the...

Published 28 Jun, 2020 02:59am

Cotton & Textile

Cotton Spot Rates

KARACHI: Official KCA spot rates for local dealings in Pakistan rupees on Saturday (June 27, 2020)....

Published 28 Jun, 2020 02:59am

Cotton & Textile

Prices remain stable on cotton market

KARACHI: The rate of cotton remained stable in the cotton market on Saturday. Market sources told that demand of...

Published 28 Jun, 2020 02:59am

Grains

CBOT soyabean futures ease on wetter weather

CHICAGO: Chicago Board of Trade (CBOT) soyabean futures declined for a fourth consecutive day on Thursday as a ...

Published 28 Jun, 2020 02:59am

Grains

Euronext wheat futures at 3-month low

PARIS: Euronext wheat futures were little changed on Thursday, holding near a three-month low as the prospect of...

Published 28 Jun, 2020 02:59am

AAJ PROGRAM SCHEDULE

Sunday, June 28, 2020 TIMING PROGRAM TITLE 06:00 NEWS HOUR 06:25 HEADLINE NEWS 06:30 NEWS HOUR 06:55 HEADLINE...

Updated 30 Jun, 2020 11:33am

Industry

Automart: car prices in Karachi

KARACHI: The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (June 27,...

Published 28 Jun, 2020 02:59am

Rates.Ports

World Shipping Schedule

KARACHI: Karachi Port's world-wide shipping schedule beginning Saturday (June 27, 2020)....

Published 28 Jun, 2020 02:59am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 21	278.88
USD PKR Interbank Buying / Jan 21	278.78
USD to Japanese Yen / Jan 21	155.54
USD to Swiss Franc / Jan 21	0.91
Pound Sterling to USD / Jan 21	1.23
Euro to USD / Jan 21	1.04

Stock	Volume
S&P 500 / Jan 17	5,996.66
Nasdaq / Jan 17	19,630.20
Dow Jones / Jan 17	43,487.83
India Sensex / Jan 21	76,270.33
Tokyo Nikkei / Jan 21	39,027.98
Hang Seng / Jan 21	20,098.89
FTSE 100 / Jan 21	8,529.98
Germany DAX 30 / Jan 21	20,988.55

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 20	18,785
Gold 10 Grams PKR / Jan 20	242,541
Crude Oil USD/Barrel / Jan 21	77.24
Gold Spot USD/Ounce / Jan 21	2,724.49
Cotton US¢/pound / Jan 21	68.02
Petrol/Litre / Jan 22	256.13

Gainers
Losers
Leaders

Stock	Price
Burj Clean Energy Modaraba / Jan 21 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	9.60 ▲ 1.00 (11.63%)
Equity Modaraba / Jan 21 First Equity Modaraba(FEM)	3.54 ▲ 0.34 (10.62%)
Waves Home Appliances / Jan 21 Waves Home Appliances Limited(WAVESAPP)	11.30 ▲ 1.03 (10.03%)
786 Invest Ltd / Jan 21 786 Investments Limited(786)	10.98 ▲ 1.00 (10.02%)
Globe Residency / Jan 21 Globe Residency REIT(GRR)	17.36 ▲ 1.58 (10.01%)
Leather Up Ltd. / Jan 21 Leather Up Limited(LEUL)	25.06 ▲ 2.28 (10.01%)
Olympia Mills / Jan 21 Olympia Mills Limited(OML)	35.65 ▲ 3.24 (10.00%)
Pak Engineering / Jan 21 Pakistan Engineering Company Limited(PECO)	671.22 ▲ 61.02 (10.00%)
Shahtaj Sugar / Jan 21 Shahtaj Sugar Mills Limited(SHJS)	108.90 ▲ 9.90 (10.00%)

Stock	Price
Dewan Motors / Jan 21 Dewan Farooque Motors Limited(DFML)	45.21 ▼ -5.02 (-9.99%)
Ghani Chem. Ind. / Jan 21 Ghani Chemical Industries Limited(GCIL)	16.62 ▼ -1.62 (-8.88%)
D.M. Textile / Jan 21 D.M. Textile Mills Limited(DMTX)	64.32 ▼ -6.22 (-8.82%)
S.G.Power / Jan 21 S.G. Power Limited(SGPL)	9 ▼ -0.81 (-8.26%)
Dadabhoy Cement / Jan 21 Dadabhoy Cement Industries Limited(DBCI)	5.10 ▼ -0.43 (-7.78%)
Sanghar Sugar / Jan 21 Sanghar Sugar Mills Limited(SANSM)	23.05 ▼ -1.94 (-7.76%)
ZIL Limited / Jan 21 ZIL Limited(ZIL)	226.01 ▼ -18.99 (-7.75%)
Khyber Textile / Jan 21 Khyber Textile Mills Limited(KHYT)	526 ▼ -43.96 (-7.71%)
Gulistan Sp. / Jan 21 Gulistan Spinning Mills Limited(GUSM)	13 ▼ -1.03 (-7.34%)

Stock	Volume
Cnergyico PK / Jan 21 Cnergyico PK Limited(CNERGY)	111,866,059 ▲ 0.44
Bank Makramah / Jan 21 Bank Makramah Limited(BML)	69,297,556 ▲ 0.05
WorldCall Telecom / Jan 21 Worldcall Telecom Limited(WTL)	64,182,488 ▼ -0.09
Lotte Chemical / Jan 21 Lotte Chemical Pakistan Limited(LOTCHEM)	59,473,543 ▼ -0.94
Fauji Cement / Jan 21 Fauji Cement Company Limited(FCCL)	51,882,881 ▲ 0.34
Hascol Petrol / Jan 21 Hascol Petroleum Limited(HASCOL)	24,273,766 ▼ -0.39
Citi Pharma Ltd / Jan 21 Citi Pharma Ltd.(CPHL)	23,353,008 ▼ -1.60
Dewan Motors / Jan 21 Dewan Farooque Motors Limited(DFML)	22,896,108 ▼ -5.02
Ghani Chem. Ind. / Jan 21 Ghani Chemical Industries Limited(GCIL)	21,890,802 ▼ -1.62

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