News Archives for Print - 2020-09-14

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Print - 2020-09-14

Sudan Nile level drops after deadly floods

KHARTOUM: Nile waters in Sudan have begun to drop after reaching record levels this year and causing deadly floods...

Published 14 Sep, 2020 02:36am

India considers emergency authorisation of vaccine as Covid-19 cases surge

MUMBAI: India said on Sunday it was considering granting an emergency authorisation for a Covid-19 vaccine,...

Published 14 Sep, 2020 02:36am

European nations pin hopes on new measures as vaccine cases mount

PARIS: Austria and Britain were among European nations grappling with mounting coronavirus infections Sunday, while...

Published 14 Sep, 2020 02:36am

Tens of thousands rally in Belarus despite mass arrests

MINSK: Riot police harshly detained more than 400 demonstrators in Belarus on Sunday as tens of thousands of people...

Published 14 Sep, 2020 02:36am

Logical conclusion of white collar corruption cases top priority: NAB

ISLAMABAD: Chairman NAB former Justice Javed Iqbal has said that logical conclusion of white collar crimes mega...

Published 14 Sep, 2020 02:36am

Pakistan, China to sign development agreement today

ISLAMABAD: Pakistan and China to sign development agreement of the First China Pakistan Economic Corridor's (CPEC)...

Updated 14 Sep, 2020 03:00am

Condolence

LAHORE: Punjab Chief Minister Sardar Usman Buzdar has expressed deep sense of sorrow and grief over the sad demise ...

Published 14 Sep, 2020 02:36am

Buzdar pays surprise visit of Lahore

LAHORE: Punjab Chief Minister Sardar Usman Buzdar paid a surprise visit to different areas of provincial metropolis...

Published 14 Sep, 2020 02:36am

Currency

Roshan Digital Account - an overview

ARTICLE: State Bank of Pakistan has taken yet another good initiative by launching Roshan Digital Account (RDA) in...

Published 14 Sep, 2020 02:36am

Saudi Arabia to lift some flight restrictions on 15th

RIYADH: Saudi Arabia will partially lift its suspension of international flights as of Sept. 15 to allow ...

Published 14 Sep, 2020 02:36am

Apple out to reignite growth with line updates

SAN FRANCISCO: Apple is expected to spotlight its smartwatch, iPad, and subscription services on Tuesday as it...

Published 14 Sep, 2020 02:36am

Commodities

World's gold miners wary of production ramp-up despite price surge

JOHANNESBURG/BENGALURU: The world's top gold miners are retrenching after Covid-19 related shutdowns despite record...

Published 14 Sep, 2020 02:36am

Energy

Tanzania, Uganda ink deal on $3.5bn oil pipeline project

DAR ES SALAAM: Tanzania and Uganda signed an agreement Sunday to commence construction on a 1,445-kilometre (900...

Published 14 Sep, 2020 02:36am

China issues new rules to regulate financial holding firms

BEIJING: China issued new rules on Sunday to regulate financial holding companies, in its latest move to prevent...

Published 14 Sep, 2020 02:36am

Landslides in Nepal kill 12 people, at least 21 missing

KATHMANDU: Landslides triggered by torrential rain swept through two villages in Nepal on Sunday, killing at least ...

Published 14 Sep, 2020 02:36am

Backlash after gender reveal on Dubai tower

DUBAI: Social media stars in Dubai are facing an online backlash after staging what they billed as the "biggest baby...

Published 14 Sep, 2020 02:36am

Libyan protestors torch eastern govt offices

BENGHAZI: Protesters in Libya's second city Benghazi set fire to the headquarters of the parallel eastern...

Published 14 Sep, 2020 02:36am

Turkish vessel leaves contested waters in eastern Med

ISTANBUL: A Turkish research ship at the centre of a row with Greece over gas exploration has left disputed waters ...

Published 14 Sep, 2020 02:36am

Stocks

India's secondary listing plan for firms joining foreign markets irks

NEW DELHI/MUMBAI: Indian companies that list overseas will have to later launch on a domestic bourse under policy...

Published 14 Sep, 2020 02:36am

Stocks

Qatar leads most of Gulf higher; Abu Dhabi dips

Saudi Electricity gets $1.3bn in country's first green bond sale DUBAI: Most major Middle Eastern markets ended...

Published 14 Sep, 2020 02:36am

Stocks

Investors give once-loved 'darling' Southeast Asia a wide berth

• Singapore, Thailand, Philippines and Indonesia markets lag Asia SINGAPORE/HONG KONG: Southeast Asia is slipping...

Published 14 Sep, 2020 02:36am

Stocks

Wall Street week ahead: Fed meeting in focus as stocks wobble and coronavirus bill stalls

NEW YORK: Investors are shifting their focus to the Federal Reserve's monetary policy meeting next week as they seek...

Published 14 Sep, 2020 02:36am

Social cohesion: Interfaith harmony, tolerance can play key role: speakers

LAHORE: Interfaith harmony and tolerance can play a key role in social cohesion and role of every segment of society...

Published 14 Sep, 2020 02:36am

Punjab Cabinet meeting today

LAHORE: The meeting of provincial cabinet will be held todayon 14th September. 28-point Agenda will come under...

Published 14 Sep, 2020 02:36am

Terrorist commander killed in IBO near Waziristan

RAWALPINDI: Terrorist commander, Ihsan Ullah alias Ihsan Sanray along with three other terrorists was killed on...

Updated 14 Sep, 2020 03:10am

The Weather

KARACHI: The weather report on Sunday (September 13, 2020) and the forecast for Monday (September 14, 2020)....

Published 14 Sep, 2020 02:36am

Currency

YOUR RUPEE LAST MONTH

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

Published 14 Sep, 2020 02:36am

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 14 Sep, 2020 02:36am

Currency

Your rupee last week

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

Published 14 Sep, 2020 02:36am

UAE, Israeli educational institutions sign artificial intelligence MoU

DUBAI: The United Arab Emirates' Mohamed Bin Zayed University of Artificial Intelligence and Israel's Weizmann...

Published 14 Sep, 2020 02:36am

Energy

Turkey to send second drill ship to Black Sea

ISTANBUL: Turkey will send a second drill ship to operate in the Black Sea, Energy Minister Fatih Donmez said on...

Published 14 Sep, 2020 02:36am

Canada looks set for a fight over C$1bn compensation for Huawei gear

OTTAWA: Canada is signalling it might not compensate major telecommunications providers if the federal government...

Published 14 Sep, 2020 02:36am

Rates.BR Index

Futures spread declined by 24bps

KARACHI: The futures spread declined by 24bps to 9.68 percent on the last day of the outgoing week. Trading...

Published 14 Sep, 2020 02:36am

Mutual Funds

PSX witnesses bullish trend: BRIndex100 gains 62.56 points

KARACHI: Pakistan Stock Exchange witnessed bullish trend during the outgoing week ended on Sep 11 on the back of...

Published 14 Sep, 2020 02:36am

Implementation differences

ARTICLE: Political parties within democracies propound different economic models to achieve the same objectives,...

Published 14 Sep, 2020 02:36am

Russia votes in test of ruling party's grip

MOSCOW/TOMSK: Russians went to the polls on Sunday in local elections being scrutinised for signs of discontent with...

Updated 14 Sep, 2020 03:09am

Southern Balochistan under govt focus: Umar

ISLAMABAD: Minister for Planning Development and Special Initiatives, Asad Umar said on Sunday the federal ...

Updated 14 Sep, 2020 03:08am

Two killed, 10 injured as building collapses in Lyari

KARACHI: Two people were killed and 10 others injured after yet another residential building collapsed in Lyari's...

Published 14 Sep, 2020 02:36am

Tehran defers new trial of UK-Iranian 'hostage' Zaghari-Ratcliffe

LONDON: Tehran on Sunday abruptly postponed a new trial of British-Iranian woman Nazanin Zaghari-Ratcliffe, ...

Published 14 Sep, 2020 02:36am

Girl killed, 4 civilians hurt in Indian shelling

ISLAMABAD: A 10-year-old girl was killed and four civilians suffered serious injuries after the Indian forces...

Published 14 Sep, 2020 02:36am

Letters

China releases India's intelligence staff

That China has always shown a readiness to give more than is strictly necessary or expected is a fact that has found...

Updated 14 Sep, 2020 02:59am

In bastion of democracy, worries over US election integrity

ARTICLE: "The only way we're going to lose this election is if the election is rigged." President Donald Trump's...

Updated 14 Sep, 2020 02:58am

The hydra of corruption

ARTICLE: Hydra is a Greek poisonous monster that had many heads. The problem was that when you tried to cut one ...

Published 14 Sep, 2020 02:36am

Money & Banking

PMRC, BOP enter into mortgage refinance agreement

KARACHI: Pakistan Mortgage Refinance Company (PMRC) & The Bank of Punjab (BOP) has join hands together for...

Published 14 Sep, 2020 02:36am

Aaj TV - Monday's Program 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 14 Sep, 2020 02:36am

PFA intensifies operations in various districts

LAHORE: Punjab Food Authority has intensified its operations in various districts of the province. In the first...

Published 14 Sep, 2020 02:36am

IHC directive: Nawaz's presence may be required in all hearings: lawyers

ISLAMABAD: If the Islamabad High Court (IHC) directs former prime minister Nawaz Sharif to appear in the hearing of...

Published 14 Sep, 2020 02:36am

Bilawal condoles with Nasir Shah

SUKKUR: Pakistan People's Party (PPP) Chairman, Bilawal Bhutto Zardari on Sunday visited Rohri, district Khairpur to...

Published 14 Sep, 2020 02:36am

PML-N, PTI leaders blame each other

ISLAMABAD: The flamboyant Special Assistant to the Prime Minister on Political Communication Shahbaz Gill on Sunday...

Published 14 Sep, 2020 02:36am

Hamza Shehbaz should be shifted to hospital: Marriyum

ISLAMABAD: Pakistan Muslim League-Nawaz (PML-N) spokesperson Marriyum Aurangzeb on Sunday said that the opposition...

Published 14 Sep, 2020 02:36am

Intra-Afghan dialogue a historical milestone: Shibli

ISLAMABAD: Information Minister Senator Shibli Faraz on Sunday has said that the commencement of the Intra-Afghan...

Published 14 Sep, 2020 02:36am

ANP welcomes intra-Afghan talks

PESHAWAR: ANP's president, Asfandyar Wali Khan has termed ongoing intra-Afghan talks as welcoming and expressed the...

Published 14 Sep, 2020 02:36am

Covid-19 cases reach 301,481 in country

ISLAMABAD: The Covid-19 cases in the country reached 301,481 after 526 new coronavirus infections were reported...

Published 14 Sep, 2020 02:36am

Hamza Shehbaz contracts Covid-19 at Kot Lakhpat Jail

LAHORE: The Pakistan Muslim League-Nawaz (PML-N) has accused the government of playing politics over the health of...

Published 14 Sep, 2020 02:36am

Cotton & Textile

Weekly Cotton Review: Significant reduction in price witnessed

KARACHI: A significant reduction of Rs 400 per maund in the price of cotton observed. The crops were affected due to...

Published 14 Sep, 2020 02:36am

Government creating non-issues: Comrade Imdad

ISLAMABAD: Communist Party of Pakistan Secretary General Comrade Imdad Qazi visited Islamabad and met with party...

Published 14 Sep, 2020 02:36am

Fazl meets Shujaat

ISLAMABAD: Jamiat Ulema-i-Islam-Fazl (JUI-F) chief Maulana Fazlur Rehman on Sunday called on Pakistan Muslim...

Published 14 Sep, 2020 02:36am

Over 400 buildings of city in deplorable condition: Shallwani

KARACHI: Administrator Karachi Iftikhar Ali Shallwani on Sunday said that more than 400 buildings are in deplorable...

Published 14 Sep, 2020 02:36am

'Oracle helping businesses to be resilient in new environment'

LAHORE: Today many organizations in Pakistan are operating in an unprecedented business environment, beyond the...

Published 14 Sep, 2020 02:36am

Covid-19 claims 2 more lives, infects 204: CM

KARACHI: Sindh Chief Minister Syed Murad Ali Shah has said that two more patients of coronavirus lost their lives...

Published 14 Sep, 2020 02:36am

'Kashmir's future cannot be determined by India unilaterally'

ISLAMABAD: The future of Kashmir cannot be determined by India unilaterally, said international lawmakers from EU ...

Published 14 Sep, 2020 02:36am

Bloomberg to spend $100m in Florida to help Biden

NEW YORK: Michael Bloomberg, who spent $1 billion of his own money on a failed 2020 presidential bid, will inject at...

Updated 14 Sep, 2020 03:11am

Towards prison reforms?

EDITORIAL: Following up on the Supreme Court's ruling of last April, Prime Minister Khan has called for the ...

Published 14 Sep, 2020 02:36am

FBR and constantly evolving return forms

EDITORIAL: Spokesperson/Member Audit, Syed Hussain Rizvi, during a press conference revealed that Pakistan Revenue...

Published 14 Sep, 2020 02:36am

Industry

Chinese investment to Australia halved in 2019

MELBOURNE: Chinese investment to Australia roughly halved in 2019 on a shift toward investment in emerging markets...

Published 14 Sep, 2020 02:36am

Lagarde shifts burden to govts to aid recovery

FRANKFURT: Eurozone governments must keep spending heavily to aid the bloc's recovery from its historic...

Published 14 Sep, 2020 02:36am

Industry

China's Envision eyes France for new EV battery factory

PARIS: Chinese renewable energy group Envision is looking to build a battery factory in France to supply the growing...

Published 14 Sep, 2020 02:36am

Currency

Mastercard builds platform to pilot central bank digital currencies

LONDON: Mastercard is creating a platform to help central banks "virtually" test how digital currencies could be...

Published 14 Sep, 2020 02:36am

Currency

ECB governors agreed to look through euro rise

FRANKFURT: European Central Bank policymakers agreed on Thursday to look through the euro's appreciation, judging it...

Published 14 Sep, 2020 02:36am

Currency

Cuba plans first official peso devaluation since 1959 revolution

HAVANA: Communist-run Cuba will soon devalue the peso's one-to-one exchange rate with the US dollar for the first...

Published 14 Sep, 2020 02:36am

Currency

Forint could gain most in central Europe

PRAGUE: The Hungarian forint should gain the most among central Europe's currencies over the next 12 months with a...

Published 14 Sep, 2020 02:36am

APTT Agreement: Business community's reservations will be redressed soon: director

PESHAWAR: Chairman, Pak-Afghan Liaison Committee, (Ministry of Commerce) and Director Transit Trade, Amjad-ur-Rehman...

Updated 14 Sep, 2020 02:56am

Currency

Dollar net shorts slip

NEW YORK: US dollar net shorts slipped for a second straight week, according to calculations by Reuters and ...

Published 14 Sep, 2020 02:36am

Allama Zameer Akhter Naqvi passes away

KARACHI: Famous religious scholar Allama Zameer Akhter Naqvi on Sunday passed away at the age of 72 due to cardiac...

Updated 14 Sep, 2020 03:11am

Social welfare initiatives: Over Rs416.2bn allocated by federal govt

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI)-led federal government has allocated an overall amount of more than ...

Updated 14 Sep, 2020 03:07am

Cabinet may approve revised draft agreements with IPPs

ISLAMABAD: The federal cabinet is likely to approve revised draft agreements with the Independent Power Producers...

Updated 14 Sep, 2020 03:06am

Motorway gang-rape case: Suspect surrenders but denies involvement

LAHORE: Waqar-ul-Hassan, one of the two key suspects identified by the Punjab police in the motorway gang-rape...

Updated 14 Sep, 2020 03:06am

Afghan forces, Taliban continue to clash even as talks start

KABUL: Taliban and Afghan government forces clashed across Afghanistan hours after the start of long-awaited peace...

Updated 14 Sep, 2020 03:03am

Qatar ruler meets Afghan, Taliban delegations

DUBAI: Qatar's ruler Emir Sheikh Tamim bin Hamad al-Thani met representatives of both the Afghan government and the...

Updated 14 Sep, 2020 03:00am

Angry EU rounds on Johnson's claim of Brexit blockade

LONDON: The European Union on Sunday rejected an incendiary claim by Prime Minister Boris Johnson that the bloc is...

Updated 14 Sep, 2020 02:58am

President meets prospective investors

KARACHI: Ravi City and Bundle Island projects hold tremendous attraction for foreign investors, said President Arif...

Updated 14 Sep, 2020 03:01am

Oman welcomes Bahrain-Israel normalisation decision

DUBAI: Oman welcomes Bahrain's decision to normalise relations with Israel and hopes it will contribute to...

Updated 14 Sep, 2020 02:59am

FBR to introduce third party-based e-filing system

ISLAMABAD: To facilitate taxpayers in filing of their income tax returns electronically, the Federal Board of ...

Updated 14 Sep, 2020 02:58am

Money & Banking

SoftBank executives renew talks on taking the group private

TOKYO: Executives of SoftBank Group Corp are once again considering taking the technology group private as the...

Published 14 Sep, 2020 02:36am

ECC defers decision on LPG PL rate

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has deferred decision on rate of Petroleum Levy...

Updated 14 Sep, 2020 02:58am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 5	281.27
USD PKR Interbank Buying / May 5	281.02
USD to Japanese Yen / May 2	144.96
USD to Swiss Franc / May 2	0.83
Pound Sterling to USD / May 2	1.33
Euro to USD / May 2	1.13
UK LIBOR % / May 2	4.96

Stock	Volume
S&P 500 / May 2	5,686.67
Tokyo Nikkei / May 2	36,830.69
Nasdaq / May 2	17,977.73
Hang Seng / May 2	22,504.68
FTSE 100 / May 2	8,596.35
Dow Jones / May 2	41,317.43
Germany DAX 30 / May 2	22,086.65
France CAC40 / May 2	7,770.48
India Sensex / May 5	80,760.93

Item	Value
Karachi Cotton PKR/37.32 KG / May 2	16,985
Gold 10 Grams PKR / May 2	295,353
Petrol/Litre / May 5	252.63
Crude Oil USD/Barrel / May 5	56.45
Gold Spot USD/Ounce / May 5	3,259.32
Diesel/Litre / May 5	256.64
Cotton US¢/pound / May 5	68.55

Gainers
Losers
Leaders

Stock	Price
Gulistan Sp. / May 5 Gulistan Spinning Mills Limited(GUSM)	7.77 ▲ 0.89 (12.94%)
Dewan Mushtaq / May 5 Dewan Mushtaq Textile Mills Limited(DMTM)	8.96 ▲ 1 (12.56%)
Pak Gen.Ins. / May 5 The Pakistan General Insurance Co. Ltd.(PKGI)	8.77 ▲ 0.91 (11.58%)
First Elite Cap.Mod / May 5 First Elite Capital Modaraba(FECM)	15.35 ▲ 1.4 (10.04%)
Bawany Air Products / May 5 Bawany Air Products Limited(BAPL)	30.75 ▲ 2.8 (10.02%)
National Silk / May 5 The National Silk & Rayon Mills Limited(NSRM)	46.71 ▲ 4.25 (10.01%)
Gillette Pak / May 5 Gillette Pakistan Limited(GLPL)	178.21 ▲ 16.2 (10%)
S.S.Oil / May 5 S.S.Oil Mills Limited(SSOM)	508.77 ▲ 46.25 (10%)
Khyber Tobacco / May 5 Khyber Tobacco Company Limited(KHTC)	349.38 ▲ 31.76 (10%)
Olympia Mills / May 5 Olympia Mills Limited(OML)	33 ▲ 3 (10%)

Stock	Price
Tariq Corp.Pref. / May 5 Tariq Corporation Limited-Preference Shares(TCORPCPS)	6.90 ▼ -0.98 (-12.44%)
Gulshan Sp. / May 5 Gulshan Spinning Mills Limited(GSPM)	3 ▼ -0.34 (-10.18%)
Crescent Cotton / May 5 Crescent Cotton Mills Limited(CCM)	48.11 ▼ -5.35 (-10.01%)
Masood Textile / May 5 Masood Textile Mills Limited(MSOT)	48 ▼ -5.01 (-9.45%)
Apna Microfin. / May 5 Apna Microfinance Bank Limited(AMBL)	9.95 ▼ -1 (-9.13%)
Mandviwala / May 5 Mandviwala Mauser Plastic Industries(MWMP)	17.31 ▼ -1.69 (-8.89%)
Bank of Khyber / May 5 The Bank of Khyber(BOK)	13.12 ▼ -1.27 (-8.83%)
Tri-Star Mutual / May 5 Tri-Star Mutual Fund Limited(TSMF)	8.25 ▼ -0.79 (-8.74%)
Nishat ChunPow / May 5 Nishat Chunian Power Limited(NCPL)	25.18 ▼ -2.34 (-8.5%)
I.C.C. Ind. / May 5 ICC Industries Limited(ICCI)	9 ▼ -0.77 (-7.88%)

Stock	Volume
Hascol Petrol / May 5 Hascol Petroleum Limited(HASCOL)	14,267,980 ▲ 0.61
Sui South Gas / May 5 Sui Southern Gas Company Limited(SSGC)	13,095,170 ▲ 0.5
WorldCall Telecom / May 5 Worldcall Telecom Limited(WTL)	13,016,615 ▲ 0.06
B.O.Punjab / May 5 The Bank of Punjab(BOP)	12,184,010 ▲ 0.28
Power Cement / May 5 Power Cement Limited(POWER)	11,671,963 ▲ 0.61
K-Electric Ltd. / May 5 K-Electric Limited(KEL)	8,556,545 ▲ 0.14
Dewan Cement / May 5 Dewan Cement Limited(DCL)	6,329,931 ▲ 0.43
Maple Leaf Cement / May 5 Maple Leaf Cement Factory Limited(MLCF)	5,623,188 ▼ -0.84
Cnergyico PK / May 5 Cnergyico PK Limited(CNERGY)	4,407,262 ▼ -0.06
At-Tahur Ltd. / May 5 At-Tahur Limited(PREMA)	3,038,288 ▼ -1.05

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