News Archives for Print - 2020-08-17

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Print - 2020-08-17

Talks resume on Nile mega-dam

ADDIS ABABA: Talks resumed Sunday over Ethiopia's controversial mega-dam that has long stoked tensions in the Nile...

Updated 17 Aug, 2020 03:45am

Algeria turns to Islamic finance to prop up economy

ALGIERS: Algeria has launched Islamic finance products in a bid to attract money from the informal market, but...

Updated 17 Aug, 2020 03:44am

Four kidnapped Chinese workers freed in Nigeria

WARRI, (Nigeria): Four Chinese workers abducted from a quarry site in southern Nigeria have been freed, police said...

Updated 17 Aug, 2020 03:42am

Trudeau, finance minister clash over green plans, soaring deficit

OTTAWA: A deepening rift between Canadian Prime Minister Justin Trudeau and his finance minister about coronavirus...

Updated 17 Aug, 2020 03:41am

German watchdog launches new Amazon investigation

BERLIN: Germany's anti-trust authority has launched a new investigation into Amazon's relationship with third-party...

Published 17 Aug, 2020 02:32am

Exchange

Abu Dhabi seeks to create national engineering champion

DUBAI: Abu Dhabi is seeking to create a national and regional oil and gas services champion through the combination...

Published 17 Aug, 2020 02:32am

First major cruise line set to depart Genoa for Mediterranean tour

GENOA, (Italy): The first major cruise ship to set sail in the Mediterranean was poised to depart from Genoa on...

Published 17 Aug, 2020 02:32am

Hong Kong's Lam resigns from honorary role at Cambridge college in UK

LONDON/HONG KONG: Hong Kong Chief Executive Carrie Lam has resigned from an honorary fellowship at a college at...

Published 17 Aug, 2020 02:32am

Ariane rocket puts telecom satellites into orbit

PARIS: A rocket that blasted off from French Guiana successfully placed two communications satellites into orbit...

Published 17 Aug, 2020 02:32am

Ship that oozed oil off Mauritius coast splits in two

PORT LOUIS, (Mauritius): A ship that has leaked more than 1,000 tonnes of oil in pristine waters off the coast of...

Published 17 Aug, 2020 02:32am

USA

Donald Trump's younger brother dies

WASHINGTON: Donald Trump's younger brother Robert died on Saturday after being hospitalized for an undisclosed...

Published 17 Aug, 2020 02:32am

Latest Thailand protest draws at least 10,000

BANGKOK: An anti-government protest in Thailand drew more than 10,000 people on Sunday, police said, the largest...

Published 17 Aug, 2020 02:32am

Europe

UK deploys extra navy, air assets to stop Channel migrants

LONDON: British Defence Secretary Ben Wallace said on Sunday additional navy personnel and aircraft were being sent...

Published 17 Aug, 2020 02:32am

AJK PM seeks world's help to resolve Kashmir issue

ISLAMABAD: The Azad Jammu and Kashmir Prime Minister Raja Muhammad Farooq Haider Khan has called upon the...

Published 17 Aug, 2020 02:32am

Around 2 million cases pending in superior, lower judiciary

ISLAMABAD: A data issued by the National Judicial Policy Making Committee (NJPMC) has showcased that more than two...

Published 17 Aug, 2020 02:32am

The Weather

KARACHI: The weather report on Sunday (August 16, 2020) and the forecast for Monday (August 17, 2020)....

Published 17 Aug, 2020 02:32am

Stocks

Futures spread up by 91bps

KARACHI: The futures spread increased by 91bps to 13.91 percent on the last day of the outgoing week. Trading...

Published 17 Aug, 2020 02:32am

Stocks

Stellar bullish trend continues

KARACHI: Pakistan Stock Exchange witnessed bullish trend during the outgoing week ended on August 13, 2020 on the...

Published 17 Aug, 2020 02:32am

TCP amends tenders to facilitate bidders

KARACHI: The Trading Corporation of Pakistan (TCP) has announced amendments to wheat and sugar import tenders to...

Published 17 Aug, 2020 02:32am

Wheat & sugar: PM asks Advisor to ensure early import thru TCP

ISLAMABAD: Prime Minister Imran Khan has reportedly directed Advisor on Commerce Abdul Razak Dawood to ensure early...

Published 17 Aug, 2020 02:32am

PM helped save Rs2,344bn in two years: Shibli

ISLAMABAD: Federal Minister for Information and Broadcasting Shibli Faraz on Sunday claimed that Prime Minister ...

Published 17 Aug, 2020 02:32am

EU urges Turkey to halt gas hunt in east Mediterranean

BRUSSELS: The European Union urged Turkey on Sunday to halt its exploration for gas in a disputed area of the ...

Published 17 Aug, 2020 02:32am

Paris opposes release of Afghans who killed French UN worker, troops

PARIS: France on Saturday officially protested against the release of three men jailed for the murders of French...

Published 17 Aug, 2020 02:32am

KJP may help create 50,000 jobs by the year-end: SAPM

ISLAMABAD: Special Assistant to the Prime Minister (SAPM) on Youth Affairs Muhammad Usman Dar on Sunday said the...

Updated 17 Aug, 2020 02:59am

Toshakhana case: Zardari arrives in Islamabad to appear before AC today

ISLAMABAD: Pakistan People's Party (PPP) co-chairman Asif Ali Zardari landed in Islamabad from Karachi on Sunday as...

Published 17 Aug, 2020 02:32am

Thousands of Canadian govt accounts hacked

TORONTO: Thousands of user accounts for online government services in Canada were recently hacked during cyber...

Updated 17 Aug, 2020 02:53am

Former India Test opener Chauhan dies of coronavirus

NEW DELHI: Former India Test opener Chetan Chauhan, who forged a prolific opening partnership with Sunil Gavaskar,...

Published 17 Aug, 2020 02:32am

Protesters pack Minsk after Russia says military help available

MINSK/MOSCOW: Belarusians chanting "Step down!" filled the centre of the capital Minsk on Sunday in the biggest...

Published 17 Aug, 2020 02:32am

Israel says it expects Bahrain, Oman to follow UAE

OCCUPIED JERUSALEM: Bahrain and Oman could be the next Gulf countries to follow the United Arab Emirates in...

Published 17 Aug, 2020 02:32am

Exchange

UAE, Israel establish direct phone service

DUBAI: The Israeli and UAE foreign ministers inaugurated Sunday direct phone services between the two countries in...

Updated 17 Aug, 2020 02:53am

Israeli and UAE firms join forces in coronavirus research

ABU DHABI: Firms from the United Arab Emirates and Israel have signed an agreement to jointly develop research and...

Updated 17 Aug, 2020 02:54am

Wasim Akram says England 'owe' Pakistan for cricket tour

SOUTHAMPTON, (United Kingdom): Wasim Akram has insisted England "owe" Pakistan for proceeding with their ongoing ...

Published 17 Aug, 2020 02:32am

Congress seeks probe into Facebook's ties with BJP

NEW DELHI: India's main opposition Congress on Sunday called for a parliamentary panel to investigate alleged links...

Published 17 Aug, 2020 02:32am

Letters

Israel-UAE deal

LETTER: That Israel-UAE deal is US President Donald Trump coup is a fact. In other words, Trump has taken a...

Published 17 Aug, 2020 02:32am

Trump grabs spotlight but reclusive Biden leads polls

ARTICLE: Despite being gaffe-prone, getting up in years and barely heading out on the campaign trail, Democrat Joe...

Published 17 Aug, 2020 02:32am

Purposefully but carefully

ARTICLE: It's gone. Defeated. Let's go. Back to normal. These are the statements majority of the Pakistanis are...

Published 17 Aug, 2020 02:32am

Exchange

SBP profits rise and need for caution!

ARTICLE: Pakistan's budgetary financing operations (federal and provincial) July-June 2019-20 were released on...

Published 17 Aug, 2020 02:32am

Commodities

Mixed trend witnessed in prices of essential food items

PESHAWAR: Mixed trend was witnessed in prices of essential food commodities including vegetable, sugar, live...

Published 17 Aug, 2020 02:32am

PPAF, FACE launch first music residency programme

ISLAMABAD: Pakistan Poverty Alleviation Fund (PPAF) and Foundation for Arts, Culture and Education (FACE) launched...

Updated 17 Aug, 2020 02:58am

23rd death anniversary of Nusrat Fateh observed

ISLAMABAD: The 23rd death anniversary of legendary Qawwal' maestro Nusrat Fateh Ali Khan was observed across the...

Updated 17 Aug, 2020 02:56am

Rly conducts annual 'DS Special' from Karachi to Kotri

KARACHI: Divisional Superintendent Pakistan Railways Karachi Arshad Salam Khattak, along with the divisional...

Updated 17 Aug, 2020 03:05am

Covid-19 claims five more lives in Sindh: CM

KARACHI: Five patients of coronavirus lost their lives lifting the death toll to 2,322 and 278 new cases emerged...

Updated 17 Aug, 2020 03:02am

Soviet occupation of Afghanistan and the Kashmir resurrection

TEXT: Excerpts from the book "Avoiding Armageddon: America, India, and Pakistan to the Brink and Back" by Bruce...

Published 17 Aug, 2020 02:32am

Cotton & Textile

WEEKLY COTTON REVIEW: Mixed trend witnessed in int'l markets

KARACHI: The rate of the cotton remained stable. Mixed trend was witnessed in the international cotton markets. ...

Published 17 Aug, 2020 02:32am

Stocks

Alibaba, Xiaomi to join Hang Seng Index

HONG KONG: E-commerce conglomerate Alibaba, handset maker Xiaomi and WuXi Biologics will enter the Hang Seng next...

Published 17 Aug, 2020 02:32am

Stocks

Tel Aviv bourse launches new share market for private tech companies

OCCUPIED JERUSALEM: The Tel Aviv Stock Exchange (TASE) on Sunday launched a secondary market aimed at boosting local...

Published 17 Aug, 2020 02:32am

Stocks

Most Gulf markets gain as Dubai hits five-month high

DUBAI: Most major stock markets in the Middle East ended higher on Sunday, with the Dubai index touching a more than...

Published 17 Aug, 2020 02:32am

Stocks

Covid-19 vaccine developer CureVac shares soar in US debut

NEW YORK: Shares of German biotechnology firm CureVac BV soared as much as 222% after their Nasdaq debut on Friday,...

Published 17 Aug, 2020 02:32am

Stocks

Wall Street week ahead: Biden victory? Disputed election? Wall Street prices in November outcomes

NEW YORK: Investors are girding their portfolios for market moves ahead of the US presidential vote, as election...

Published 17 Aug, 2020 02:32am

Punjab only province where flour available at official rates: Buzdar

LAHORE: Punjab Chief Minister Sardar Usman Buzdar says the provincial government's effective and timely measures...

Updated 17 Aug, 2020 03:02am

US Mission brings American speakers on Covid-19

KARACHI: Esteemed American scientist and global health advocate Dr Peter Hotez will share his insights with ...

Updated 17 Aug, 2020 03:03am

Drama of holding APC flopped prior to stage: Buzdar

LAHORE: Chief Minister Punjab Sardar Usman Buzdar has said that opposition parties have no agenda and opposition...

Updated 17 Aug, 2020 03:02am

Energy

Pakistanis are burdened by high cost of power: Humayun

LAHORE: Availability of reliable and affordable energy is critical for businesses to flourish and citizens to...

Published 17 Aug, 2020 02:32am

Six more patients die of Covid-19: NCOC

ISLAMABAD: Six more patients died of Covid-19 and another 670 person have been tested positive during the past 24...

Updated 17 Aug, 2020 03:02am

Energy

SSGC preparing PC-I to gasify localities falling within 5-KM radius of gasfields

ISLAMABAD: The Sui Southern Gas Company (SSGC) would gasify the localities and villages falling within ...

Published 17 Aug, 2020 02:32am

Islamabad International Airport: PCAA seeks 'comprehensive report' on damage

ISLAMABAD: Pakistan Civil Aviation Authority (PCAA) on Sunday took strong note of the damage caused by recent rains...

Updated 17 Aug, 2020 03:04am

Tenders approved for construction of two roads worth Rs166m: Aleem

LAHORE: Punjab Senior Minister Abdul Aleem Khan said tenders for Zarar Shaheed Road in Cantt and Baja Line Road in...

Updated 17 Aug, 2020 03:01am

Cotton & Textile

PRGMEA seeks exemption of cotton yarn, chemical from taxes

SIALKOT: The International Apparel Federation (IAF) regional president and Pakistan Readymade Garments Manufacturers...

Published 17 Aug, 2020 02:32am

KP CM for timely completion of ongoing hydel projects

PESHAWAR: KP Chief Minister Mahmood Khan has directed the authorities of Energy and Power Department to ensure the...

Updated 17 Aug, 2020 03:01am

Intra-Afghan talks: Qureshi for resolving residual issues

ISLAMABAD: Foreign Minister Shah Mahmood Qureshi on Sunday said collective efforts succeeded in 'advancing Afghan...

Updated 17 Aug, 2020 03:01am

Independence Day: Asim Bajwa releases video of Gwadar

ISLAMABAD: China-Pakistan Economic Corridor (CPEC) Authority Chairman Lieutenant General Asim Saleem Bajwa (retd) ...

Published 17 Aug, 2020 02:32am

Ministry's directive to provinces

ISLAMABAD: Ministry of Climate Change has asked the provinces to increase the women's share in raising plant...

Published 17 Aug, 2020 02:32am

AAJ PROGRAM SCHEDULE

Monday, August 17, 2020 TIMING PROGRAM TITLE 06:00 NEWS HOUR 06:25 HEADLINE NEWS 06:30 NEWS HOUR 06:55 HEADLINE...

Published 17 Aug, 2020 02:32am

Rates.Banks

Returns on Profit and Loss Sharing Investment Bank Accounts (JAN TO JUNE 2020)

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

Published 17 Aug, 2020 02:32am

Currency

Your rupee last week

KARACHI: Following currency fluctuations took place in foreign exchange rates during the last week. (August 10 to ...

Published 17 Aug, 2020 02:32am

Exchange

Power sector experts welcome govt-IPPs pact

ISLAMABAD: The country's power sector experts have termed revision of Independent Power Producers (IPPs) agreements...

Published 17 Aug, 2020 02:32am

PPP, PTI and MQM-P agree to work towards resolving Karachi issues

KARACHI: A committee on Sunday has been formed under the supervision of Chief Minister of Sindh Murad Ali Shah to...

Published 17 Aug, 2020 02:32am

UAE-Israel deal

EDITORIAL: Discreet contacts between Israel and Gulf Arab states have been going on for quite some time. The United...

Published 17 Aug, 2020 02:32am

SME sector needs greater focus

EDITORIAL: The government has constituted National Coordination Committee on Small and Medium Enterprises (NCC) ...

Published 17 Aug, 2020 02:32am

Exchange

Saudi PIF boosts trading team to back buying strategy

DUBAI: Saudi Arabia's main sovereign wealth fund has boosted its trading team to pursue further an aggressive...

Published 17 Aug, 2020 02:32am

Currency

Brazil real to strengthen

BUENOS AIRES: Brazil's real will likely extend its recent uptrend after a crash earlier this year, supported by...

Published 17 Aug, 2020 02:32am

Exchange

Argentina delays formal bond revamp offer

BUENOS AIRES: Argentina will extend the deadline for its proposed bond restructuring beyond Aug. 24 and plans to...

Published 17 Aug, 2020 02:32am

Currency

Speculators' bearish bets on dollar rise

NEW YORK: Speculators' net bearish bets on the US dollar grew in the latest week to the largest bearish position...

Published 17 Aug, 2020 02:32am

Money & Banking

Hedge funds make $1 billion from bets against travel companies

LONDON: Hedge funds betting against travel stocks this year made profits of $1.01 billion to end-July, and have ...

Published 17 Aug, 2020 02:32am

Currency

Asian bonds attract foreign inflows for second straight month in July

SINGAPORE: Asian bonds recorded a second straight month of foreign inflows in July bolstered by a hunt for higher...

Published 17 Aug, 2020 02:32am

Argentina formalises revised debt offer, extends deal deadline

Exchange

Industry

Amendments in 'Sugar Factories Control Act' rejected

LAHORE: Pakistan Kissan Movement, Secretary General, Hanif Gujjar, has rejected recent amendments in Sugar Factories...

Published 17 Aug, 2020 02:32am

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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