News Archives for Print - 2020-08-24

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Print - 2020-08-24

Punjab government, minister allowed Nawaz to travel: Marriyum

ISLAMABAD: The Pakistan Muslim League-Nawaz (PML-N) Spokesperson, Marriyum Aurangzeb, has said that the Punjab...

Published 24 Aug, 2020 02:42am

MQM-P stages demo against power outages in Hyderabad

HYDETRABAD: The hours-long power outages mad the lives of citizens of Hyderabad miserable. The MQM-P representatives...

Published 24 Aug, 2020 02:42am

CJP forms five benches for next week

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

Published 24 Aug, 2020 02:42am

Kamal calls for effective LG system

KARACHI: Pak Sarzameen Party (PSP) Chairman Syed Mustafa Kamal on Sunday warned that due to ethnic, jurisprudential...

Published 24 Aug, 2020 02:42am

'Covid-19 can be disastrous for people with uncontrolled blood pressure'

KARACHI: People with uncontrolled and unmanaged blood pressure can develop serious complications including...

Published 24 Aug, 2020 02:42am

ICAP recognizes IoBM as first RDAI in Pakistan

KARACHI: The Institute of Business Management (IoBM) has been recognized as a Relevant Degree Awarding Institute...

Published 24 Aug, 2020 02:42am

Covid-19 claims 9 more lives, infects 319 in Sindh

KARACHI: Sindh Chief Minister Syed Murad Ali Shah on Sunday said that Coronavirus has claimed nine more lives ...

Published 24 Aug, 2020 02:42am

Ten killed, 18 injured in Sibbi accident

ISLAMABAD: At least ten passengers were killed and 18 others received injuries on Sunday in a head on collision...

Published 24 Aug, 2020 02:42am

Finance Division's new fund releasing policy perturbs teachers

ISLAMABAD: Already suffering with non-payment of rental ceiling of the previous fiscal year, teachers of the...

Published 24 Aug, 2020 02:42am

Turkey's maritime doctrine author has dire warning for France

ISTANBUL: The father of Turkey's controversial new maritime doctrine told AFP that France's decision to send ...

Updated 24 Aug, 2020 03:05am

Exchange

Two robbers killed in 'shootout'

LAHORE: Two alleged armed robbers were killed during a "shootout" with police that lasted for almost 30 minutes in...

Published 24 Aug, 2020 02:42am

Amendments in AML Act: Ahsan Iqbal trying to mislead nation: Akbar

ISLAMABAD: Advisor to Prime Minister on Accountability and Interior Mirza Shahzad Akbar has said in a video ...

Published 24 Aug, 2020 02:42am

Avenfield reference: IHC to hear Nawaz, Maryam and Safdar's pleas on September 1

ISLAMABAD: The Islamabad High Court (IHC) has scheduled for hearing pleas of former premier Nawaz Sharif, his...

Published 24 Aug, 2020 02:42am

CM constitutes ministerial committee for Lahore

LAHORE: Chief Minister Punjab Sardar Usman Buzdar has constituted a Ministerial Committee to resolve the problems of...

Published 24 Aug, 2020 02:42am

Fazl decides to convene multi-party conference

ISLAMABAD: Jamiat Ulema-i-Islam-Fazl (JUI-F) chief Maulana Fazlur Rehman on Sunday decided to convene a multi-party...

Published 24 Aug, 2020 02:42am

Muharram-ul-Haram: Clerics vow to follow code of conduct

ISLAMABAD: All the religious schools of thought were committed to ensure implementation on 'Code of Conduct' to...

Published 24 Aug, 2020 02:42am

The Weather

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

Published 24 Aug, 2020 02:42am

Israeli demonstrators stage anti-Netanyahu protest

OCCUPIED JERUSALEM: Israeli police said Sunday they had arrested 30 demonstrators after thousands rallied in ...

Published 24 Aug, 2020 02:42am

US-led troops withdraw from Iraq's Taji base

CAMP TAJI, (Iraq): United States-led international coalition troops withdrew from Iraq's Taji military base on ...

Published 24 Aug, 2020 02:42am

Exchange

Iran says 'sabotage' caused Natanz nuclear site blast

TEHRAN: Iran's Atomic Energy Organization said on Sunday that "sabotage" was the cause of an explosion that damaged...

Published 24 Aug, 2020 02:42am

South Africa retailers feel pain from coronavirus pandemic

JOHANNESBURG: South Africa's retail industry is feeling the pain from the coronavirus pandemic on two fronts - store...

Published 24 Aug, 2020 02:42am

Microsoft says Apple's move against 'Fortnite' creator would hurt its games

NEW YORK: Microsoft Corp on Sunday said in a court filing that Apple Inc's threat to cut off the creator of...

Published 24 Aug, 2020 02:42am

UK plans to drop tax on Facebook, Google

LONDON: British finance minister Rishi Sunak plans to drop a tax on technology companies such as Facebook and Google...

Published 24 Aug, 2020 02:42am

China

Chinese premier says economy could grow this year

BEIJING: Chinese Premier Li Keqiang said the country's economy could grow this year, state radio reported on Sunday,...

Published 24 Aug, 2020 02:42am

Flash floods in northern Turkey kill five, 11 missing

ANKARA: Flash floods in Turkey's northern Black Sea region killed five people, President Tayyip Erdogan said on...

Published 24 Aug, 2020 02:42am

India's coronavirus tally crosses three million mark

NEW DELHI: India's confirmed coronavirus cases crossed the three million mark Sunday with nearly 70,000 new...

Published 24 Aug, 2020 02:42am

EU trade commissioner apologises for virus breach

DUBLIN: EU trade commissioner Phil Hogan apologised on Sunday as he faced calls to resign for attending an Irish...

Published 24 Aug, 2020 02:42am

With China tensions rising, US joins Taiwan to mark battle anniversary

KINMEN, (Taiwan): Amid rising tensions with Beijing, the de facto US ambassador in Chinese-claimed Taiwan took part...

Published 24 Aug, 2020 02:42am

USA

Trump's sister calls him 'cruel', 'liar' on secret recordings

WASHINGTON: Donald Trump's older sister described the US president as cruel and a liar whose lack of principles ...

Updated 25 Aug, 2020 03:36am

Mexican reporter's killer jailed for 50 years in rare judgment

MEXICO CITY: A Mexican judge has sentenced the man convicted of ordering the 2017 murder of prominent journalist...

Published 24 Aug, 2020 02:42am

Israelis strike to protest sexual violence against women

OCCUPIED JERUSALEM: Thousands of Israelis on Sunday observed a symbolic work stoppage to denounce sexual violence...

Published 24 Aug, 2020 02:42am

Creation of district Keamari: Sindh government didn't take stakeholders into confidence: mayor

KARACHI: Mayor Karachi Wasim Akhtar on Sunday said that the PPP-led Sindh government did not take the relevant...

Published 24 Aug, 2020 02:42am

Storm Laura hits Haiti, with Marco forecast to slam US as hurricane

PORT-AU-PRINCE: Haiti was hammered by heavy rain on Sunday from Tropical Storm Laura, as a second tropical storm,...

Published 24 Aug, 2020 02:42am

PD decides to appoint Pepco as managing agent

ISLAMABAD: Power Division has decided to appoint the 'officially dissolved' Pakistan Electric Power Company (Pepco)...

Published 24 Aug, 2020 02:42am

General condonation of limitation: LHC suspends operation of FBR order

ISLAMABAD: Lahore High Court has suspended the operation of the Federal Board of Revenue (FBR) order on the general...

Published 24 Aug, 2020 02:42am

Single sales tax return system: FBR may miss formal launch deadline

ISLAMABAD: The Federal Board of Revenue (FBR) may miss deadline of August 31, 2020 set by the National Tax Council...

Published 24 Aug, 2020 02:42am

US House approves $25bn for postal service amid voting dispute

WASHINGTON: The US House of Representatives passed a bill Saturday to give the postal service a $25 billion infusion...

Published 24 Aug, 2020 02:42am

Exchange

PSX succumbs to bears

KARACHI: After eight uninterrupted weeks of positive closing, the Pakistan Stock Exchange finally succumbed to the...

Published 24 Aug, 2020 02:42am

Stocks

Futures spread declined by 890bps

KARACHI: The futures spread declined by 890bps to 5.01 percent on the last day of the outgoing week. Trading...

Published 24 Aug, 2020 02:42am

Commodities

Upward trend in prices of essential kitchen items

PESHAWAR: Upward trend in prices of important kitchen items, including live chicken/ meat, sugar, flour, packed ...

Published 24 Aug, 2020 02:42am

'TI Pakistan, WEF appreciate NAB'S anticorruption efforts'

ISLAMABAD: Former justice Javed Iqbal, Chairman NAB has said that Transparency International (TI) Pakistan and World...

Published 24 Aug, 2020 02:42am

Creation of pension fund sought

ISLAMABAD: Pensions are a major problem for the country's economy as they are funded from the budget instead of...

Published 24 Aug, 2020 02:42am

Resolution of conflicts: Peace, development interlinked, says Senate chief

ISLAMABAD: Chairman Senate Muhammad Sadiq Sanjrani Sunday said that peace and development were interlinked with...

Published 24 Aug, 2020 02:42am

Currency

Global FX turnover drops in July

LONDON: Daily global currency trading volumes in July fell more than 5% to nearly $1.66 trillion versus the same...

Published 24 Aug, 2020 02:42am

Energy

Saudi Aramco eyes growth opportunities with new development organisation

DUBAI: State oil giant Saudi Aramco said on Sunday it was setting up a new corporate development organisation to...

Published 24 Aug, 2020 02:42am

Currency

Germany's Scholz sees 'no way back' from EU joint debt

BERLIN: German Finance Minister Olaf Scholz said Sunday that the European Union's recovery package financed by joint...

Published 24 Aug, 2020 02:42am

Commodities

China turns net aluminium importer in July

BEIJING: China's July aluminium imports leapt nearly sevenfold year-on-year to their second-highest level on record,...

Published 24 Aug, 2020 02:42am

Libor

Asset managers wary about Libor oversight as loans still reliant on benchmark

NEW YORK: Asset managers are growing concerned about a US regulator's warning that it will scrutinize firms' plans...

Published 24 Aug, 2020 02:42am

Currency

Dollar net shorts fall from nine-year peak

NEW YORK: US dollar net shorts declined from a more than nine-year high hit a week earlier, according to ...

Published 24 Aug, 2020 02:42am

Stocks

Shenzhen's ChiNext challenges Shanghai, adds fuel to 'technology war' with US

SHANGHAI: As companies prepare to list on the start-up board ChiNext under a new US-style IPO system on Monday,...

Published 24 Aug, 2020 02:42am

Currency

African currencies week ahead: Tanzania shilling to gain, Kenya's to weaken

DAR ES SALAAM: Tanzania's shilling is expected to gain ground against the US dollar in the next week, while Kenya's...

Published 24 Aug, 2020 02:42am

Stocks

Egypt leads major ME stocks higher

DUBAI: Most major stock markets in the Middle East closed up on Sunday, with broad-based gains pushing Egyptian...

Published 24 Aug, 2020 02:42am

Stocks

Fear fading on Wall Street as investors learn to love the new bull market

NEW YORK: Fear is ebbing on Wall Street, with stocks on a bull run in the midst of the global coronavirus pandemic....

Published 24 Aug, 2020 02:42am

Strategic dialogue with China: Pakistan rejects India's remarks

ISLAMABAD: Pakistan has strongly rejected irresponsible remarks made by the Indian Ministry of External Affairs...

Published 24 Aug, 2020 02:42am

Stocks

Wall Street week ahead: No elk or trout, but Fed's virtual retreat may stoke market's 'animal spirits'

NEW YORK: Investors could get a hint from Federal Reserve Chairman Jerome Powell next week about how aggressively ...

Published 24 Aug, 2020 02:42am

CS vows to control prices of flour, sugar

LAHORE: The Chief Secretary Punjab Jawad Rafique Malik has said that the prices of flour and sugar will be strictly...

Published 24 Aug, 2020 02:42am

LGH staff directed to remain alert in Muharram

LAHROE: Principal Post Graduate Medical Institute Prof. Dr. Sardar Mohammad Al-freed Zafar has directed the LGH...

Published 24 Aug, 2020 02:42am

Cotton & Textile

Weekly Cotton Review: Bullish trend witnessed in local market

KARACHI: Under the influence of increasing trends in the rate of cotton internationally the rate of cotton increased...

Published 24 Aug, 2020 02:42am

Grains

Rice exporters prioritise empowerment of women agri workers

ISLAMABAD: The rice exporters prioritized the empowerment of rice transplants women and small farmers to provide a...

Published 24 Aug, 2020 02:42am

AAJ PROGRAM SCHEDULE: Monday, August 24, 2020

TIMING PROGRAM TITLE 06:00 NEWS HOUR 06:25 HEADLINE NEWS 06:30 NEWS HOUR 06:55 HEADLINE NEWS 07:00 PAISA BOLTA HAI...

Updated 24 Aug, 2020 03:05am

Currency

Your rupee last year

KARACHI: Following currency fluctuations took place in foreign exchange rates during the last year. (July 2 2019 to...

Published 24 Aug, 2020 02:42am

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 24 Aug, 2020 02:42am

Currency

Your rupee last week

KARACHI: Following currency fluctuations took place in foreign exchange rates during the last week. (August 17 to ...

Published 24 Aug, 2020 02:42am

Rs3.6bn project initiated for rehabilitation of LoC people

ISLAMABAD: Ministry of Kashmir Affairs and Gilgit Baltistan (KA&GB) had initiated a project worth Rs 3.6 billion...

Published 24 Aug, 2020 02:42am

Indian lawyer, convicted by SC over tweets, faces deadline

NEW DELHI: One of India's most prominent lawyers faces a Monday deadline to apologise to the Supreme Court or risk...

Published 24 Aug, 2020 02:42am

Abbas, Kallis inducted into ICC Hall of Fame

SOUTHAMPTON, (United Kingdom): Pakistan batting great Zaheer Abbas, outstanding South Africa all-rounder Jacques...

Published 24 Aug, 2020 02:42am

Belarus protesters flood into Minsk

MINSK: Tens of thousands of protesters demanding President Alexander Lukashenko step down flooded into Minsk on...

Published 24 Aug, 2020 02:42am

20 inmates killed in Madagascar prison breakout

ANTANANARIVO: Twenty inmates were killed in a shootout with police during a prison breakout in Madagascar on Sunday,...

Published 24 Aug, 2020 02:42am

Kashmiri photojournalist wins 2020 Peter Mackler award

ISLAMABAD: Freelance photojournalist from Indian Illegally Occupied Jammu and Kashmir (IIOJK), Masrat Zahra, was...

Published 24 Aug, 2020 02:42am

TikTok says to sue over Trump crackdown

NEW YORK: Video app TikTok said Saturday it will challenge in court a Trump administration crackdown on the popular...

Published 24 Aug, 2020 02:42am

Kabul police chief fired as surge in attacks rocks Afghan capital

KABUL: Kabul's police chief has been fired, the Afghan interior ministry said Sunday, following a mortar attack that...

Updated 24 Aug, 2020 03:03am

World's 500 top influential Muslims: PM named 'Man of the Year'

ISLAMABAD: Prime Minister Imran Khan has been named 'Man of the Year 2020' by The Muslim 500, a Jordanian annual...

Updated 24 Aug, 2020 03:04am

Downed Ukraine jet: Iran says black boxes show missiles hit 25 seconds apart

DUBAI: Analysis from the black boxes of a downed Ukrainian passenger plane shows it was hit by two missiles 25...

Published 24 Aug, 2020 02:42am

China Pakistan Economic Corridor Project: Asim Bajwa urges people to ignore fake news

ISLAMABAD: The Chairman of China Pakistan Economic Corridor (CPEC) Authority Lt. General Asim Saleem Bajwa (retired)...

Published 24 Aug, 2020 02:42am

Navy-built ship's launch ceremony held in China

ISLAMABAD: Pakistan China defence ties turn over a new chapter as the launching ceremony of 1st ship of Type-054...

Published 24 Aug, 2020 02:42am

Letters

'President's speech'

LETTER: This is apropos a Business Recorder editorial "President speech" carried by the newspaper yesterday. It is...

Published 24 Aug, 2020 02:42am

It's not the economy, stupid: stock markets soar to record highs

ARTICLE: The record highs attained by Wall Street last week might come as welcome news for US President Donald ...

Published 24 Aug, 2020 02:42am

The real Covid-19 trials

ARTICLE: All eyes on vaccine trials. Most Phase 2 trials are positive. The Oxford Study has said chances of Phase 3...

Published 24 Aug, 2020 02:42am

Exchange

State of the economy

ARTICLE: This is the second of a two-part series of articles on the consolidated federal and provincial budgetary...

Published 24 Aug, 2020 02:42am

The growing challenge of pensions

EDITORIAL: During the cabinet meeting on 18 August the Prime Minister reportedly stated that the issue of pensions ...

Published 24 Aug, 2020 02:42am

Unseen barriers to trade

EDITORIAL: Just days after Pakistan impressed everybody by recording a 5.8 percent year-on-year rise in exports in...

Published 24 Aug, 2020 02:42am

Amendments in NAB Ordinance, 1999: Shibli shares copies of PPP, PML-N proposed draft

ISLAMABAD: Federal Minister for Information Senator Shibli Faraz shared alleged copies of the Pakistan Peoples Party...

Published 24 Aug, 2020 02:42am

Exchange

SAARC bars Pakistan from using its nomenclature

ISLAMABAD: The diplomatic and political brawl between Pakistan and India has reportedly paralyzed SAARC Chamber of...

Published 24 Aug, 2020 02:42am

Industry

PAJCCI for removal of hurdles in bilateral, transit trade

PESHAWAR: Pak-Afghan Joint Chamber of Commerce and Industry (PAJCCI) has demanded of the Prime Minister Imran Khan...

Published 24 Aug, 2020 02:42am

Industry

Australia says effective unemployment to exceed 13pc by end of September

SYDNEY: Effective unemployment in Australia will climb above 13% by the end of September, Treasurer Josh Frydenberg...

Published 24 Aug, 2020 02:42am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 25	281.17
USD PKR Interbank Buying / Apr 25	280.97
USD to Japanese Yen / Apr 25	143.67
USD to Swiss Franc / Apr 25	0.83
Pound Sterling to USD / Apr 25	1.33
Euro to USD / Apr 25	1.14
UK LIBOR % / Apr 24	4.96

Stock	Volume
S&P 500 / Apr 25	5,525.21
India Sensex / Apr 25	79,212.53
Tokyo Nikkei / Apr 25	35,705.74
Nasdaq / Apr 25	17,382.94
Hang Seng / Apr 25	21,980.74
FTSE 100 / Apr 25	8,415.25
Dow Jones / Apr 25	40,113.50
Germany DAX 30 / Apr 25	22,242.45
France CAC40 / Apr 25	7,536.26

Item	Value
Crude Oil USD/Barrel / Apr 25	63.17
Karachi Cotton PKR/37.32 KG / Apr 25	16,985
Gold 10 Grams PKR / Apr 25	298,950
Gold Spot USD/Ounce / Apr 25	3,327.60
Cotton US¢/pound / Apr 25	68.80
Petrol/Litre / Apr 27	254.63
Diesel/Litre / Apr 27	258.64

Gainers
Losers
Leaders

Stock	Price
First Capital Equities / Apr 25 First Capital Equities Limited(FCEL)	4.92 ▲ 0.96 (24.24%)
PICIC Ins.Ltd. / Apr 25 PICIC Insurance Limited(PIL)	3.14 ▲ 0.5 (18.94%)
Dewan Mushtaq / Apr 25 Dewan Mushtaq Textile Mills Limited(DMTM)	7.99 ▲ 1 (14.31%)
Pak. P.V.C. / Apr 25 Pakistan PVC Limited(PPVC)	8.26 ▲ 1 (13.77%)
J.K.Spinning / Apr 25 J.K. Spinning Mills Limited(JKSM)	61.90 ▲ 5.63 (10.01%)
At-Tahur Ltd. / Apr 25 At-Tahur Limited(PREMA)	86.74 ▲ 7.89 (10.01%)
Shezan Inter. / Apr 25 Shezan International Limited(SHEZ)	203.03 ▲ 18.46 (10%)
Sunrays Textile / Apr 25 Sunrays Textile Mills Limited(SUTM)	156.38 ▲ 14.22 (10%)
PIA Holding Co.B / Apr 25 PIA Holding Company Limited B(PIAHCLB)	3,282.29 ▲ 298.39 (10%)
S.S.Oil / Apr 25 S.S.Oil Mills Limited(SSOM)	357.05 ▲ 32.46 (10%)

Stock	Price
Engro Powergen / Apr 25 Engro Powergen Qadirpur Limited(EPQL)	28.71 ▼ -10.13 (-26.08%)
Ghani Chemworld / Apr 25 Ghani Chemworld Limited(GCWL)	8 ▼ -1 (-11.11%)
Samba Bank / Apr 25 Samba Bank Limited(SBL)	8.01 ▼ -0.99 (-11%)
Arpak Int. / Apr 25 Arpak International Investments Ltd.(ARPAK)	56.66 ▼ -6.29 (-9.99%)
Blue-Ex Ltd / Apr 25 Blue-Ex Limited (GEM)(GEMBLUEX)	47.38 ▼ -5.26 (-9.99%)
Saif Power Ltd. / Apr 25 Saif Power Limited(SPWL)	12.31 ▼ -1.3 (-9.55%)
Shaheen Ins. / Apr 25 Shaheen Insurance Company Limited(SHNI)	5.25 ▼ -0.46 (-8.06%)
Equity Modaraba / Apr 25 First Equity Modaraba(FEM)	2.75 ▼ -0.24 (-8.03%)
GlaxoSmithKline / Apr 25 GlaxoSmithKline Pakistan Limited(GLAXO)	409.57 ▼ -34.89 (-7.85%)
AKD Hospitality / Apr 25 AKD Hospitality Limited(AKDHL)	136.65 ▼ -10.81 (-7.33%)

Stock	Volume
WorldCall Telecom / Apr 25 Worldcall Telecom Limited(WTL)	22,789,497 ▼ -0.02
Power Cement / Apr 25 Power Cement Limited(POWER)	21,965,614 ▼ -0.17
Sui South Gas / Apr 25 Sui Southern Gas Company Limited(SSGC)	21,567,163 ▼ -0.56
B.O.Punjab / Apr 25 The Bank of Punjab(BOP)	19,825,526 ▼ -0.08
K-Electric Ltd. / Apr 25 K-Electric Limited(KEL)	17,030,953 ▼ -0.04
Aisha Steel Mill / Apr 25 Aisha Steel Mills Limited(ASL)	16,751,796 ▲ 0.59
Cnergyico PK / Apr 25 Cnergyico PK Limited(CNERGY)	16,717,262 ▼ -0.17
Pak Int.Bulk / Apr 25 Pakistan International Bulk Terminal(PIBTL)	16,382,803 ▲ 0.14
Sui North Gas / Apr 25 Sui Northern Gas Pipelines Limited(SNGP)	13,338,455 ▲ 0.33
Secure Logistics / Apr 25 Secure Logistics Group Limited(SLGL)	12,723,116 ▲ 1.13

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