News Archives for Print - 2020-08-10

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Print - 2020-08-10

Development work on PDC in full swing

SIALKOT: Brisk development work on 'Product Development Centre' (PDC) for composite based sports goods in Sialkot...

Updated 10 Aug, 2020 03:37am

Stocks

Futures spread up by 604bps

KARACHI: The futures spread increased by 604bps to 12.99 percent on the last day of the outgoing week. Trading...

Published 10 Aug, 2020 02:51am

Letters

Sweet facts

Sugarcane is an important cash crop of Pakistan. It is grown on a large area of the country. 88 sugar mills have ...

Updated 10 Aug, 2020 03:23am

Staff still shun London's 'ghost town' finance hubs

ARTICLE: Deserted streets, empty restaurants, shuttered stores: London's financial districts remain largely ...

Published 10 Aug, 2020 02:51am

KashmiriLivesMatter

ARTICLE: The true way of feeling somebody's pain is to go through it yourself. Many things cannot be expressed till...

Published 10 Aug, 2020 02:51am

Can Pakistan outgrow IMF?

ARTICLE: The handful of decision makers in the Ministry of Finance maintain that Pakistan cannot possibly meet its...

Published 10 Aug, 2020 02:51am

Enhancing tourism

ARTICLE: The PTI government in Khyber Pakhtunkhwa has done good work for the promotion of tourism. It is about to...

Updated 10 Aug, 2020 03:22am

All main rivers continue flowing normal: FFC

ISLAMABAD: The Federal Flood Commission (FFC) has said all main rivers (Indus, Jhelum, Chenab, Ravi and Sutlej) are...

Updated 10 Aug, 2020 03:32am

Currency

PKR should be at 160 vs USD

ARTICLE: Despite tough conditions at home and abroad, the economy did manage to impress Moody's Investors Service,...

Published 10 Aug, 2020 02:51am

India data-curb plan 'anathema', US tech giants plan pushback

NEW DELHI: India's plan to regulate "non-personal" data has jolted US tech giants Amazon, Facebook and Google, and a...

Published 10 Aug, 2020 02:51am

Twitter, TikTok discuss potential combination

NEW YORK: Twitter is in preliminary discussions for a possible combination with TikTok, the Wall Street Journal...

Published 10 Aug, 2020 02:51am

Stocks

Egypt outperforms Mideast markets

DUBAI: The Egyptian bourse rose sharply on Sunday, extending gains for a fifth straight session as most of its...

Published 10 Aug, 2020 02:51am

Stocks

Saint-Petersburg Exchange to add German shares

MOSCOW: Russia's Saint-Petersburg Exchange plans to add shares in 52 of the most liquid German companies to its...

Published 10 Aug, 2020 02:51am

Stocks

US proposes tougher Wall Street rules for China firms

NEW YORK: US officials on Thursday proposed toughening rules for Chinese companies listed on American stock ...

Published 10 Aug, 2020 02:51am

Stocks

Wall Street week ahead: Bargain-hunters look to US real estate stocks as S&P nears records

NEW YORK: As the S&P 500 approaches fresh highs, some investors hope to pick up bargains in the battered US real...

Published 10 Aug, 2020 02:51am

Asia

Blaze kills at least 10 in Indian coronavirus centre

VIJAYWADA: At least 10 people died when a huge fire broke out at a Covid-19 treatment and quarantine centre in the...

Updated 10 Aug, 2020 03:26am

Europe

US, UK and allies call for prompt Hong Kong elections

LONDON: Britain, the United States, Canada, Australia and New Zealand urged Hong Kong Sunday to hold elections as...

Updated 10 Aug, 2020 03:29am

New Zealand reaches 100-day milestone without virus transmission

WELLINGTON: New Zealand marked 100 days on Sunday with no recorded cases of the coronavirus in the community but...

Updated 10 Aug, 2020 03:25am

USA

US hits 5 million virus cases as Trump criticised over relief package

WASHINGTON: The United States on Sunday reached the extraordinary milestone of five million coronavirus cases as...

Published 10 Aug, 2020 02:51am

Europe

Five dead, one missing as floods hit Greek island

ATHENS: Five people including a baby died and another person was missing on Sunday as torrential rains and floods...

Updated 10 Aug, 2020 03:29am

USA

Rare quake shakes North Carolina

WASHINGTON: A shallow 5.1-magnitude earthquake hit North Carolina on Sunday, shaking buildings in the biggest tremor...

Published 10 Aug, 2020 02:51am

South Asia

GCC unites to seek UN extension of Iran arms embargo

DUBAI: The six-member Gulf Cooperation Council (GCC) has asked the United Nations to extend an international arms...

Published 10 Aug, 2020 02:51am

Europe

UK steps up plans to tackle migrant Channel crossings with new commander

LONDON: Britain appointed a commander on Sunday to lead its response to illegal small boat crossings across the...

Updated 10 Aug, 2020 03:28am

South Asia

India to halt 101 military imports in push for defence self-reliance: minister

MUMBAI: India will stop importing 101 items of military equipment in an effort to boost domestic defence production,...

Published 10 Aug, 2020 02:51am

Asia

Nagasaki marks 75 years since atomic bombing

NAGASAKI: The Japanese city of Nagasaki on Sunday commemorated the 75th anniversary of its destruction by a US ...

Updated 10 Aug, 2020 03:27am

Africa

Six French tourists among eight killed by gunmen in Niger

NIAMEY: Six French tourists and their local guide and driver were killed Sunday by gunmen riding motorcycles in an...

Updated 10 Aug, 2020 03:27am

Europe

Lukashenko wins Belarus presidential vote with 79.7 percent

MINSK: Longtime Belarusian leader Alexander Lukashenko won Sunday's presidential election with 79.7 percent of the...

Published 10 Aug, 2020 02:51am

USA

China targeting US election infrastructure with cyberattacks, says O'Brien

WASHINGTON: Chinese government-linked hackers have been targeting US election infrastructure ahead of the 2020...

Published 10 Aug, 2020 02:51am

PML-N hits out at PTI over celebrating 'Tiger Force Day'

LAHORE: The Pakistan Muslim League-Nawaz (PML-N) lashed out at the Pakistan Tehreek-e-Insaf (PTI) government on...

Updated 10 Aug, 2020 03:33am

NFEH welcomes Imran's massive tree plantation drive

KARACHI: President of National Forum of Environment and Health (NFEH), Naeem Qureshi has warmly welcomed the...

Updated 10 Aug, 2020 03:36am

Heavy rainfall wreaks havoc in Balochistan

QUETTA: Heavy rainfall and flooding have wreaked havoc in Balochistan as the Levies have found two dead bodies in...

Updated 10 Aug, 2020 03:35am

Chairman Railways inspects KCR track

KARACHI: Chairman Pakistan Railways, Habib-ur-Rehman Gillani arrived in Karachi and held an important meeting...

Updated 10 Aug, 2020 03:34am

Care taker of Imambargah shot dead

DERA ISMAIL KHAN: Unknown gunmen gunned down a care taker of Imambaragah in Dera, in the limit of University police...

Published 10 Aug, 2020 02:51am

Covid-19 outbreak: Over 0.2 million Pakistanis unable to go abroad

ISLAMABAD: Over 0.2 million Pakistanis were unable to go to abroad due to the Covid-19 pandemic, this was claimed by...

Updated 10 Aug, 2020 03:40am

Sherpao criticizes government's foreign policy

PESHAWAR: Qaumi Watan Party (QWP) chairman Aftab Ahmad Khan Sherpao said the country stood isolated due to the...

Updated 10 Aug, 2020 03:38am

Fawad for using technology in cases against Nawaz

ISLAMABAD: Minister for Science and Technology Fawad Chaudhry on Sunday suggested that technology be used to pursue...

Updated 10 Aug, 2020 03:38am

Tree plantation campaign launched in Landi Kotal

PESHAWAR: Like other parts of the country, a monsoon plantation campaign launched in sub-division Landi Kotal on...

Published 10 Aug, 2020 02:51am

NAB authorised to investigate Bilawal: expert

ISLAMABAD: National Accountability Bureau (NAB) is authorized to investigate Pakistan Peoples Party (PPP) chairman...

Published 10 Aug, 2020 02:51am

Covid-19: 303 new cases emerge across Sindh

KARACHI: Chief Minister Sindh Syed Murad Ali Shah on Sunday said that 303 new cases of Coronavirus have surfaced...

Published 10 Aug, 2020 02:51am

The Weather

KARACHI: The weather report on Sunday (August 9, 2020) and the forecast for Monday (August 10, 2020)....

Published 10 Aug, 2020 02:51am

Climate change, rainfall: Wheat production has fallen: PM

ISLAMABAD: Prime Minister Imran Khan on Sunday launched the largest tree plantation campaign aimed at planting 3.5...

Updated 10 Aug, 2020 03:15am

Global market: Incentive schemes vital to keep industry competitive: SCCI chief

SIALKOT: President Sialkot Chamber of Commerce and Industry (SCCI) Muhammad Ashraf Malik in a press statement said...

Updated 10 Aug, 2020 03:21am

Exchange

Bulls maintain momentum

KARACHI: Pakistan Stock Exchange witnessed bullish trend during the outgoing week ended on August 7, 2020 on the ...

Published 10 Aug, 2020 02:51am

Pakistan welcomes Loya Jirga's recommendation

ISLAMABAD: Pakistan on Sunday welcomed the Afghan Loya Jirga's recommendation to release remaining 400 prisoners,...

Updated 10 Aug, 2020 03:16am

Kabul to release 400 'hard-core' Taliban

KABUL: The Afghan government agreed on Sunday to release 400 "hard-core" Taliban prisoners, paving the way for peace...

Updated 10 Aug, 2020 03:17am

50 Kachho villages submerged

DADU: Death toll in the submerged villages of Kachho area of Dadu district reached 50 on Sunday due to alarming ...

Updated 11 Aug, 2020 10:05pm

India data-curb plan 'anathema', US tech giants plan pushback

NEW DELHI: India's plan to regulate "non-personal" data has jolted US tech giants Amazon, Facebook and Google, and a...

Updated 10 Aug, 2020 03:20am

Libor

'Excess' payments to IPPs: Prospects for consensus improve

ISLAMABAD: Independent Power Producers (IPPs) and government's team are said to have completed four rounds of talks...

Updated 10 Aug, 2020 03:19am

US begins highest level Taiwan visit in decades

TAIPEI: A senior member of US President Donald Trump's administration landed in Taiwan Sunday for Washington's...

Updated 10 Aug, 2020 03:19am

Spying on staff: Barclays being probed by UK watchdog

NEW YORK: Barclays Plc is being probed by the United Kingdom's privacy watchdog, the Information Commissioner's...

Updated 10 Aug, 2020 03:44am

President-elect of UNGA arrives

ISLAMABAD: The president-elect of the United Nations General Assembly (UNGA) Volkan Bozkir on Sunday arrived here on...

Updated 10 Aug, 2020 03:43am

Import of raw materials: Commissioners IR exercising discretionary powers

ISLAMABAD: Commissioners Inland Revenue in the field formations of the Federal Board of Revenue (FBR) are exercising...

Updated 10 Aug, 2020 03:42am

Suki Kinari hydropower project: 270 Chinese technicians to be airlifted to resume work

BEIJING: As many as 270 Chinese technicians to be airlifted from Chengdu, the capital of China's southwest Sichuan...

Updated 10 Aug, 2020 03:46am

Donors pledge 253m euros in emergency aid for Lebanon

FORT BREGANCON, (France): An emergency donor conference on Sunday for blast-stricken Lebanon raised pledges worth...

Updated 10 Aug, 2020 03:44am

Monthly fuel price adjustment: Nepra increases tariff

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has formally notified cumulative increase of Rs...

Updated 10 Aug, 2020 03:42am

'My inner is clear and transparent,' says Buzdar

LAHORE: With two days left for his appearance before the National Accountability Bureau (NAB) Lahore in a Rs 50...

Updated 10 Aug, 2020 03:42am

A much welcome demonstration of unity

EDITORIAL: The joint session of Parliament held on Thursday is remarkable for the unity of purpose with which...

Published 10 Aug, 2020 02:51am

Raise in CDNS rates

EDITORIAL: The Central Directorate of National Savings (CDNS), under the administrative control of the Ministry of...

Published 10 Aug, 2020 02:51am

Money & Banking

Slot of ED to WB in Washington DC: Azam Khan emerges most potential candidate

ISLAMABAD: After holding the all powerful position of principal secretary to the prime minister for about two years,...

Published 10 Aug, 2020 02:51am

Commodities

'Like gold': Canadian canola prices spike as shippers find back door to China

WINNIPEG: Canadian canola prices have soared to the highest in nearly two years, despite a diplomatic dispute ...

Published 10 Aug, 2020 02:51am

Exchange

Eastman Kodak's $765 millions US loan agreement put on hold

NEW YORK: Eastman Kodak Co's $765 million loan agreement with the US government to produce pharmaceutical ...

Updated 10 Aug, 2020 03:23am

Industry

Road test: Chinese 'robotaxis' take riders for a spin

SHANGHAI: Chinese entrants in the race to put autonomous vehicles on the road are bringing "robotaxis" online in...

Updated 10 Aug, 2020 03:23am

Money & Banking

Barclays being probed by UK privacy watchdog on accusations of spying on staff

LONDON: Barclays Plc is being probed by the United Kingdom's privacy watchdog, the Information Commissioner's Office...

Published 10 Aug, 2020 02:51am

Energy

Oil giants' production cuts come to 1m bpd as they post massive writedowns

HOUSTON: The world's five largest oil companies collectively cut the value of their assets by nearly $50 billion in...

Published 10 Aug, 2020 02:51am

Currency

Algeria economy rocked by one-two punch

ALGIERS: Currency depreciation, inflation, negative growth, businesses closed: Algeria's economy has been battered ...

Updated 10 Aug, 2020 03:22am

Energy

Saudi Aramco profits dive 73 percent as virus batters oil demand

RIYADH: Energy giant Saudi Aramco said on Sunday its second-quarter profits plunged a massive 73 percent due to...

Published 10 Aug, 2020 02:51am

Currency

Long bets on most Asian currencies rise

SINGAPORE: Investors stacked up bullish bets on most Asian currencies, a fortnightly Reuters poll found on Thursday,...

Published 10 Aug, 2020 02:51am

Exchange

Sterling to dip this year as Brexit uncertainty swirls

LONDON: Sterling, which was approaching a five-month high on Wednesday, is expected to lose some of those gains this...

Published 10 Aug, 2020 02:51am

Currency

Emerging FX to firm a bit more, but recovery stymied

BENGALURU/JOHANNESBURG/BUENOS AIRES: Emerging market currencies are expected to rise a bit further in coming months...

Published 10 Aug, 2020 02:51am

Currency

US dollar headed lower, in retreat against euro

BENGALURU: The dollar's supremacy of well over two years has turned sharply and the current downward trend will...

Published 10 Aug, 2020 02:51am

Energy

KE extends date

KARACHI: In order to facilitate the customers due to ongoing monsoon rains and thunderstorms K-Electric has ...

Published 10 Aug, 2020 02:51am

Cotton & Textile

Weekly Cotton Review: Market witnesses bullish trend

KARACHI: Rains can affect the cotton crop. Price of cotton increased Rs. 200 per maund. Fluctuations in ...

Published 10 Aug, 2020 02:51am

Industry

PIA plans Karachi-Skardu direct flights

KARACHI: The Pakistan International Airlines (PIA) on Sunday initiated a plan to operate direct flights from Karachi...

Updated 10 Aug, 2020 03:24am

Industry

Shirazi appointed chairman, Aurangzeb vice chairman of PBC

KARACHI: In the Board Meeting held today, Saquib Shirazi, CEO of Atlas Honda was appointed Chairman and Muhammad...

Published 10 Aug, 2020 02:51am

Grains

Prices of essential food items remain high

PESHAWAR: Prices of essential food commodities, including, sugar, flour, chicken meat, fruits, eggs, vegetable,...

Published 10 Aug, 2020 02:51am

Energy

PPA rejects ban on sale of petrol to bikers without helmet

PESHAWAR: The Petrol Pumps Association (PPA) office bearers and owners have expressed serious concern over the...

Published 10 Aug, 2020 02:51am

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...

Updated 10 Aug, 2020 03:47am

Rates.Banks

Returns on Profit and Loss Sharing Investment Bank Accounts (JULY TO DECEMBER 2019)

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

Published 10 Aug, 2020 02:51am

Currency

Your rupee last week

KARACHI: Following currency fluctuations took place in foreign exchange rates during the last week. (August 3 to 7,...

Published 10 Aug, 2020 02:51am

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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