News Archives for Print - 2020-06-29

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Print - 2020-06-29

It is rocket science: EU to speed up space ambitions: Breton

PARIS: The European Union will plough more money into rocket launches, satellite communication and space exploration...

Published 29 Jun, 2020 02:41am

Smart lockdown areas exempted from loadshedding

PESHAWAR: The Power Division in the last couple of years has taken direct and far reaching steps throughout Pakistan...

Published 29 Jun, 2020 02:41am

Domestic cricket: PCB finalises regulatory framework for revamped structure

LAHORE: Pakistan Cricket Board (PCB)'s Board of Governors, during its 58th meeting approved the Model Constitution...

Published 29 Jun, 2020 02:41am

Curtailed Hajj compounds Saudi economic woes

ARTICLE: Vacant religious sites. Abandoned pilgrim tents. Lifeless hotels. A stunning emptiness - and fears of...

Published 29 Jun, 2020 02:41am

India's foreign policy follies

ARTICLE: When in trouble shoot out. Nations have a habit of using internal/ external policy overtures to deflect...

Published 29 Jun, 2020 02:41am

Exchange

POL products: massive price rise

ARTICLE: The federal budget for next fiscal year is yet to be passed by parliament and rumblings against the...

Published 29 Jun, 2020 02:41am

PFUJ for restoration of journalists' concession by Railways

ISLAMABAD: Pakistan Federal Union of Journalists (PFUJ) have urged authorities at Pakistan railways to restore...

Published 29 Jun, 2020 02:41am

PPP labels MQM-P protest as political ploy

KARACHI: Sindh Minister for Information, Local Government, Housing & Town Planning, Religious Affairs, Forest ...

Published 29 Jun, 2020 02:41am

IGP orders operation against criminals

KARACHI: Inspector General of Police Sindh Mushtaq Ahmed Mahar on Sunday directed the officers concerned to ...

Published 29 Jun, 2020 02:41am

Wedding halls, banquets employees stage protest

KARACHI: Hundreds of labours associated with business of wedding halls and banquets staged protest demonstration on...

Published 29 Jun, 2020 02:41am

Covid-19: LG Department holds training workshop for female scouts

KARACHI: Local Government (LG) Department arranged a day-long training session for volunteers from Sindh girls ...

Published 29 Jun, 2020 02:41am

Covid-19: Death rate controlled in Sindh, claims CM

KARACHI: A total of 9,244 samples were tested in Sindh which confirmed 2179 positive cases while 26 more patients...

Published 29 Jun, 2020 02:41am

Sherpao slams government over hike in POL prices

PESHAWAR: Criticizing the federal government for the unprecedented hike in POL prices, Qaumi Watan Party (QWP)...

Updated 29 Jun, 2020 03:19am

Plea for removal of ATIR chairman: LHC asks PM office, others to file reports, para-wise comments

ISLAMABAD: Lahore High Court (LHC) has issued notices to the office of Prime Minister, Attorney General for Pakistan...

Updated 29 Jun, 2020 03:19am

Financial support of press clubs, journalists top priority: Shibli

ISLAMABAD: Minister for Information and Broadcasting Senator Shibli Faraz said on Sunday that provision of financial...

Updated 29 Jun, 2020 03:20am

President Saarc CCI to assume charge on 30th

LAHORE: Iftikhar Ali Malik, will assume the charge of SAARC Chamber of Commerce and Industry (SAARC CCI) as ...

Updated 29 Jun, 2020 03:16am

Pakistan facing economic challenge due to corona crisis: governor

LAHORE: Punjab Governor Chaudhry Mohammad Sarwar has said that the opposition parties want to call an ...

Updated 29 Jun, 2020 03:16am

CJP forms six benches for next week

ISLAMABAD: Chief Justice of Pakistan (CJP) Gulzar Ahmed has constituted four benches at the principal seat Islamabad...

Updated 29 Jun, 2020 03:17am

Domestic workers: 51 cases of violence against child girls unearthed across Punjab

LAHORE: A total 51 cases of violence against domestic workers were identified and all the victims were girls,...

Published 29 Jun, 2020 02:41am

SSC (Part II), 2020: Punjab Higher Education Department to start process of making answer books

LAHORE: Punjab Higher Education Department has announced to start process of making of answer books of Secondary...

Published 29 Jun, 2020 02:41am

Superstore catches fire

KARACHI: Firefighters managed to extinguish an inferno that was erupted at a superstore in the city's posh area...

Updated 29 Jun, 2020 03:23am

Zarar Shaheed Road's construction: Punjab government approves Rs 160.5 million

LAHORE: Provincial Senior Minister Abdul Aleem Khan disclosed on Sunday that the Punjab government has approved to...

Updated 29 Jun, 2020 03:22am

Europe

15 migrants rescued off Belgian coast

BRUSSELS: Fifteen migrants attempting to reach Britain were rescued off the Belgian coast after their inflatable...

Published 29 Jun, 2020 02:41am

Asia

Dozens arrested as Hong Kongers protest planned national security laws

HONG KONG: Hong Kong police arrested at least 53 people on Sunday after scuffles erupted during a relatively ...

Updated 30 Jun, 2020 03:25am

China denounces Canada's 'megaphone diplomacy' over spy charges

MONTREAL: China sharply criticized Canada on Saturday, blaming its leaders for "irresponsible" statements about two...

Updated 29 Jun, 2020 03:22am

Africa

DR Congo justice minister arrested in crisis over judicial reforms

KINSHASA: DR Congo's justice minister was briefly arrested on Saturday, the latest twist in a crisis over proposed...

Updated 29 Jun, 2020 03:07am

Europe

Low turnout expected as France votes in local polls

PARIS: French people went to the polls wearing face masks Sunday in the final round of municipal elections expected...

Updated 29 Jun, 2020 03:12am

USA

1-year-old killed in Chicago shooting

CHICAGO: A one-year-old boy was killed and his mother wounded in a Chicago drive-by shooting that has stunned...

Updated 29 Jun, 2020 03:14am

USA

One dead in shooting at US Black Lives Matter rally

WASHINGTON: One person was killed and another wounded in a shooting at a Black Lives Matter rally in the US state of...

Updated 29 Jun, 2020 03:14am

Europe

UK's top civil servant to stand down

LONDON: Britain's top civil servant Sir Mark Sedwill said Sunday he will stand down as it was revealed part of his...

Updated 29 Jun, 2020 03:10am

Europe

Man shot dead by police in Glasgow hotel attack named

GLASGOW: Scottish police on Saturday named the man shot dead by officers during a knife attack at a Glasgow hotel...

Published 29 Jun, 2020 02:41am

Africa

Chakwera sworn in as Malawi's president

LILONGWE: Malawi's new president Lazarus Chakwera was sworn in for a five-year term on Sunday, hours after unseating...

Updated 29 Jun, 2020 03:09am

Europe

Polish populists tested as country votes

WARSAW: The future of Poland's populist right-wing government hung in the balance Sunday as Poles voted in round one...

Published 29 Jun, 2020 02:41am

USA

Trump tweets - then deletes - video of supporter yelling 'white power'

WASHINGTON: US President Donald Trump on Sunday shared a video of a stand-off between anti-Trump protesters and his...

Updated 29 Jun, 2020 03:12am

Europe

Thousands rally for 'social, economic reconstruction' in Spain

MADRID: Thousands hit the streets across Spain on Saturday to demand a collective rebuilding of society to tackle ...

Published 29 Jun, 2020 02:41am

Europe

France pulls plug on country's oldest nuclear plant

FESSENHEIM: France's oldest nuclear power plant will shut down on Tuesday after four decades in operation, to the...

Published 29 Jun, 2020 02:41am

Europe

Dutch Tata Steel workers strike at IJmuiden plant

AMSTERDAM: Tata Steel factory workers went on strike for the second time in three days on Sunday to protest planned...

Published 29 Jun, 2020 02:41am

The Weather

KARACHI: The weather report on Sunday (June 28, 2020) and the forecast for Monday (June 29, 2020)....

Updated 29 Jun, 2020 03:21am

Government confident about passage of Finance Bill

ISLAMABAD: The battle lines were drawn on Sunday as the government vowed to get the budget passed from National...

Published 29 Jun, 2020 02:41am

Rates.BR Index

Futures spread down by 1331bps

KARACHI: The futures spread declined by 1331bps to negative 0.95 percent on the last day of the outgoing week....

Published 29 Jun, 2020 02:41am

Currency

Equities enter in green territory

KARACHI: Despite foreign selling, the Pakistan Stock Exchange witnessed bullish trend during the outgoing week ended...

Published 29 Jun, 2020 02:41am

Opposition parties reject Federal Budget 2020-21

ISLAMABAD: Demanding immediate resignation of Prime Minister Imran Khan for his 'utter failure' in containing...

Published 29 Jun, 2020 02:41am

PML-Q 'boycotts' dinner: PM says he won't 'surrender'

ISLAMABAD: Unfazed by criticism coming from the both the allies and opposition, Prime Minister Imran Khan on Sunday...

Published 29 Jun, 2020 02:41am

Exchange

Big tobacco, big oil and Buffett join Fed's portfolio

WASHINGTON: The US Federal Reserve bought $428 million in bonds of individual companies through mid-June, making...

Published 29 Jun, 2020 02:41am

Currency

Voluntary Declaration of Domestic Assets Act of 2018: Beneficiaries being questioned by FBR?

ISLAMABAD: The declarations filed by the individuals, who availed the amnesty scheme, under the Voluntary ...

Published 29 Jun, 2020 02:41am

Over 10m cases registered worldwide

PARIS: The total number of coronavirus cases has topped 10 million globally, according to an AFP tally on Sunday, as...

Published 29 Jun, 2020 02:41am

Over 92,000 cured: NCOC

ISLAMABAD: As the number of coronavirus cases in the country crossed 200,000 after, over 92,000 people have so far...

Published 29 Jun, 2020 02:41am

'Made in Pakistan' ventilators ready for delivery: Fawad

ISLAMABAD: Federal Minister for Science and Technology Fawad Chaudhry on Sunday said that the first batch of...

Published 29 Jun, 2020 02:41am

Killing US troops in Afghanistan

Trump denies being told about Russian bounties WASHINGTON: President Donald Trump on Sunday said he was never...

Updated 29 Jun, 2020 03:02am

All set to declare zero-rated cos as export-oriented sectors

ISLAMABAD: The federal government is to declare existing zero rated companies as export oriented sectors with same...

Updated 29 Jun, 2020 03:02am

Facebook ad boycott drive to go global: organizers

NEW YORK: Organizers of a Facebook Inc advertising boycott campaign that has drawn support from a rapidly expanding...

Updated 29 Jun, 2020 03:03am

Ministry to start refunding Hajj scheme dues from Thursday

ISLAMABAD: The Ministry of Religious Affairs and Interfaith Harmony has decided to refund Government Hajj Scheme ...

Updated 29 Jun, 2020 03:03am

WAPDA chief visits Diamer Basha Dam project

LAHORE: As the mobilization and preparation of the works on strategically important Diamer Basha Dam Project are...

Updated 29 Jun, 2020 03:04am

Two killed in Wal-Mart shooting

LOS ANGELES: At least two people were killed and four wounded in a shooting at a Wal-Mart distribution center in...

Updated 29 Jun, 2020 03:05am

Sugar issue: SC moved against SHC order

ISLAMABAD: The interior ministry on Sunday approached the Supreme Court to challenge the Sindh High Court's (SHC)...

Updated 29 Jun, 2020 03:06am

US envoy appears on Lebanese TV despite court-imposed ban

BEIRUT: Lebanese media broadcast interviews with the U.S. ambassador on Sunday, ignoring a ruling by a judge who...

Published 29 Jun, 2020 02:41am

China centralizes leadership of military reserve forces

SHANGHAI: China will centralize management of its reserve forces as part of efforts to ensure the Communist Party's...

Published 29 Jun, 2020 02:41am

China sent martial artists to India border before deadly clash

BEIJING: China reinforced its troops near the Indian border with mountain climbers and martial arts fighters shortly...

Published 29 Jun, 2020 02:41am

PTI govt's first audit report: Irregularities worth Rs270bn in 40 depts, ministries

ISLAMABAD: The first audit report of ruling Pakistan Tehreek-e-Insaf (PTI) government pointed out irregularities and...

Published 29 Jun, 2020 02:41am

Army shoots down 'ninth' Indian spy quadcopter

RAWALPINDI: Pakistan Army shot down another Indian spy quadcopter which intruded across the Line of Control (LoC)...

Published 29 Jun, 2020 02:41am

Exchange

Saudi NCB to take over Samba Financial for $15.6bn

KARACHI: The potential merger has implications for Samba Bank in Pakistan. The National Commercial Bank (NCB), a...

Published 29 Jun, 2020 02:41am

Letters

'A week of ill-timed decisions'

LETTER: This is apropos a Business Recorder op-ed "A week of ill-timed decisions" carried by the newspaper ...

Published 29 Jun, 2020 02:41am

And now food insecurity

EDITORIAL: It is incredible that a country like Pakistan, which is naturally endowed with abundant staple food crop,...

Published 29 Jun, 2020 02:41am

Currency

PM's claims

EDITORIAL: Prime Minister Imran Khan's address to parliament claiming successes in the economic arena, in ensuring...

Published 29 Jun, 2020 02:41am

Commodities

Mixed trend in prices of food items witnessed

PESHAWAR: Mixed trend in prices of essential food items including live chicken/meat, vegetable, pulses, sugar, ...

Published 29 Jun, 2020 02:41am

Cotton & Textile

Weekly Cotton Review: Bullish trend witnessed

KARACHI: Significant increase of Rs 600 per maund in the price of cotton. There is a gap between the demand and...

Published 29 Jun, 2020 02:41am

Industry

KATI chief condemns increase in POL prices

KARACHI: Korangi Association of Trade & Industry (KATI) president Sheikh Umer Rehan has condemned historic hike...

Published 29 Jun, 2020 02:41am

Stocks

SECP chairman unveils NBFI & Modaraba Year Book - 2019

ISLAMABAD: The Chairman SECP, Aamir Khan, here on Thursday unveils the Non-Banking Financial Institutions (NBFIs) ...

Published 29 Jun, 2020 02:41am

Exchange

Export-oriented units in Punjab: PLGMEA seeks exemption from lockdown on Saturdays

SIALKOT: The Pakistan Leather Garments Manufacturers & Exporters Association (PLGMEA) has urged the government ...

Published 29 Jun, 2020 02:41am

Energy

FPCCI lambastes govt over increase in POL prices

KARACHI: Vice President of Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Sheikh Sultan Rehman ...

Published 29 Jun, 2020 02:41am

Stocks

AIM underdogs beat FTSE blue chips in Brexit twist

LONDON: When the UK voted to leave the European Union in June 2016, rushing into the exporter-heavy FTSE 100 stocks...

Published 29 Jun, 2020 02:41am

Stocks

Italy readies plan to bolster watchdog powers to defend Milan bourse

ROME: Italy's ruling parties plan to increase the powers available to market regulator Consob to shield the ...

Published 29 Jun, 2020 02:41am

Stocks

Samba, NCB potential merger helps Saudi index; Qatar eases

DUBAI: Saudi Arabia's stock market rose on Sunday, boosted by National Commercial Bank and Samba Financial Group ...

Published 29 Jun, 2020 02:41am

Stocks

Investors warm to Europe as Biden lead, virus fears rattle Wall Street

LONDON: European stocks look poised to make up ground on Wall Street in the second half of 2020 as Joe Biden...

Published 29 Jun, 2020 02:41am

Currency

Investors cut back on Asian FX positions as second-wave risks mount

SINGAOPORE: Fearing a second wave of Covid-19 infections, investors cut positions on most Asian currencies in favour...

Published 29 Jun, 2020 02:41am

Currency

New York regulator proposes easing cryptocurrency rules

NEW YORK: New York's financial regulator on Wednesday proposed new licensing rules that would make it easier for...

Published 29 Jun, 2020 02:41am

Stocks

S Korea widens capital gains taxes for wealthy stock investors

SEOUL: South Korea on Thursday proposed expanding its capital gains taxes to include a larger number of affluent...

Published 29 Jun, 2020 02:41am

Currency

African currencies week ahead: Kenya, Tanzania shilling, Zambia kwacha to be stable

NAIROBI: The Kenyan and Tanzanian shillings are expected to hold steady against the dollar in the next week to...

Published 29 Jun, 2020 02:41am

Currency

Nigeria central bank to work to unify FX rates across markets

ABUJA: The Nigerian central bank will work towards the gradual unification of exchange rates across all forex...

Published 29 Jun, 2020 02:41am

Money & Banking

Wall Street week ahead: Investors eye economic data, stimulus measures as stocks rally stalls

NEW YORK: Upcoming US economic data and deadlines for renewing some fiscal stimulus measures in July could prove key...

Published 29 Jun, 2020 02:41am

Industry

Boeing 737 MAX certification flight tests today

WASHINGTON: Pilots and test crew members from the US Federal Aviation Administration and Boeing Co aim to kick off a...

Published 29 Jun, 2020 02:41am

Energy

Hitachi says it has no plans to sell British N-project to China

TOKYO: Japanese conglomerate Hitachi Ltd said on Sunday it has no plans to sell a stalled British nuclear power...

Published 29 Jun, 2020 02:41am

Industry

China's big three airlines take delivery of domestically made ARJ21 aircraft

BEIJING: China's three biggest state-owned airlines on Sunday took delivery of their first ARJ21 aircraft, a short...

Published 29 Jun, 2020 02:41am

Industry

Russian mining giant admits waste 'violations' at Arctic plant

MOSCOW: A Russian mining giant behind an enormous Arctic fuel spill last month said Sunday it had suspended workers...

Published 29 Jun, 2020 02:41am

Money & Banking

China to grant investment banking licenses to lenders

SHANGHAI: China's securities regulator plans to grant investment banking licences to commercial lenders as part of...

Published 29 Jun, 2020 02:41am

Industry

British Airways sacks 350 pilots and puts 300 in 'pool' for rehire

LONDON: British Airways, which has said it needs to cut 12,000 jobs and proposed pay cuts for cabin crew, has ...

Published 29 Jun, 2020 02:41am

Energy

China's state planner extends power price cut

SHANGHAI: China's state planner said a policy to cut electricity prices by 5% will be extended until the year-end to...

Published 29 Jun, 2020 02:41am

Industry

China's industrial firms post first monthly rise in six months

SHANGHAI: Profits at China's industrial firms rose for the first time in six months in May, suggesting the country's...

Published 29 Jun, 2020 02:41am

Aaj TV - Monday's schedule

KARACHI: All timings are in PST (Pakistan Standard Time). 06:00 NEWS HOUR 06:25 HEADLINE NEWS 06:30 NEWS HOUR 06:55...

Published 29 Jun, 2020 02:41am

Rates.Banks

Returns on Profit and Loss Sharing Investment Bank Accounts (JANUARY TO JUNE 2019)

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

Published 29 Jun, 2020 02:41am

Currency

Your rupee last week

KARACHI: Following currency fluctuations took place in foreign exchange rates during the last week. (June 22 to 26,...

Published 29 Jun, 2020 02:41am

Budgets

Mayor to present KMC budget today

KARACHI: Mayor Karachi Wasim Akhtar will present budget of Karachi Metropolitan Corporation (KMC) for the fiscal ...

Published 29 Jun, 2020 02:41am

Industry

Trade bodies demand formation of SMEDA BoD

PESHAWAR: Various trade bodies including Federation of Pakistan Chamber of Commerce and Industry (FPCCI), Peshawar...

Published 29 Jun, 2020 02:41am

Industry

POL products: People, business community reject increase in prices

HYDERABAD: The citizens of Hyderabad strongly rejected the recent increase in prices of petroleum products. They ...

Published 29 Jun, 2020 02:41am

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
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 22	252.10

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

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