News Archives for Print - 2020-09-28

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Print - 2020-09-28

Macron accuses Lebanon leaders of betrayal over govt failure

PARIS: French President Emmanuel Macron on Sunday accused Lebanon's leaders of betraying their promises over the...

Updated 28 Sep, 2020 04:08am

Rates.BR Index

Futures spread up by 677bps

KARACHI: The futures spread increased by 677 basis points to 11.55 percent during the outgoing week ended on...

Published 28 Sep, 2020 03:07am

Exchange

Bearish sentiments witnessed

KARACHI: Investors’ sentiments remained bearish on Pakistan Stock Exchange (PSX) during the last week ended on...

Published 28 Sep, 2020 03:07am

Letters

Energy sector

“Emerging Crisis in the gas sector”, lead editorial (BR, Sept 11), highlights the criticality of the energy...

Published 28 Sep, 2020 03:07am

OPEC turns 60 at ‘critical moment’ for virus-hit oil

OPEC faces a critical moment in its 60-year history with the coronavirus crushing crude demand and prices, discord...

Published 28 Sep, 2020 03:07am

Just a speech

Speeches change the course of destiny. True. False. May be. These are some reactions on this statement. All of these...

Published 28 Sep, 2020 03:07am

Exchange

Inflation: who is responsible?

Advisor to the Prime Minister on Finance Dr Hafeez Sheikh expressed concern at the rate of inflation, and the...

Published 28 Sep, 2020 03:07am

Pakistan land of peace, beauty and hospitality: president

ISLAMABAD: President Dr Arif Alvi on Sunday said that Pakistan is a land of peace, beauty and hospitable people ...

Published 28 Sep, 2020 03:07am

FIZ sets up medical equipment making zone

ISLAMABAD: Federal Minister for Science and Technology Fawad Chaudhry on Sunday said Faisalabad Industrial Zone has...

Published 28 Sep, 2020 03:07am

Exchange

Govt can’t afford to be complacent about economy

At a very difficult time, State Bank of Pakistan (SBP) took unprecedented steps to help minimize the impact of...

Published 28 Sep, 2020 03:07am

Energy

‘Energy sector may take circular debt to Rs4trn by 2025’

KARACHI: Engro Energy Limited CEO Ahsan Zafar Syed estimates that if the DISCO operations are not improved, the...

Published 28 Sep, 2020 03:07am

JUI-F condemns NAB’s actions against its leadership

PESHAWAR: Jamiat Ulema e Islam (JUI-F) Khyber Pakhtunkhwa strongly condemned the arrest of its workers and...

Published 28 Sep, 2020 03:07am

Shallwani initiates cleanliness, planting trees drive

KARACHI: Administrator Karachi Iftikhar Ali Shallwani on Sunday said campaign for cleanliness and planting trees has...

Published 28 Sep, 2020 03:07am

Journalist deprived of Rs0.8m: Police fail to arrest robbers

ISLAMABAD: The city police have failed to arrest armed robbers who snatched Rs 0.8 million from a journalist at...

Published 28 Sep, 2020 03:07am

Cotton & Textile

Weekly Cotton Review: Prices continue to rise due to decline in production

KARACHI: Cotton prices continue to rise due to reports of significant decline in the crop. The rate of cotton ...

Published 28 Sep, 2020 03:07am

Covid-19: Sindh reports 215 new cases

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

Published 28 Sep, 2020 03:07am

Killing of Pakistani Hindus in India: Govt urged to take up issue with ICJ

ISLAMABAD: Patron in Chief of Pakistan Hindu Council and Member National Assembly from the ruling party Pakistan...

Updated 28 Sep, 2020 03:29am

AJK PM denounces unprovoked Indian firing at LoC

MIRPUR (AJK): Azad Jammu and Kashmir (AJK) Prime Minister Raja Muhammad Farooq Haider Khan Sunday strongly denounced...

Published 28 Sep, 2020 03:07am

Ziauddin University holds online convocation

KARACHI: Ziauddin University (ZU) conducted its first virtual convocation for the 17th graduating class of 557...

Updated 28 Sep, 2020 03:28am

Army, govt on same page: governor

LAHORE: Governor Punjab Chaudhry Mohammad Sarwar in a meeting with Federal Minister of Science and Technology Fawad...

Published 28 Sep, 2020 03:07am

Around 7,000 candidates appear in UET’s entrance test

PESHAWAR: A total of 7,000 candidates appeared from across KP in the entrance test for academic session 2020 of the...

Updated 28 Sep, 2020 03:30am

Performance of departments: Buzdar constitutes special committees

LAHORE: in order to review the performance of various provincial departments, Chief Minister Punjab Sardar Usman...

Published 28 Sep, 2020 03:07am

JI demands empowered LG, abolition of quota system in Karachi

KARACHI: Jamaat-e-Islami (JI) Chief Senator Sirajul Haq on Sunday said that Karachi has been a story of grave...

Published 28 Sep, 2020 03:07am

Trump demands Biden take drug test before or after Tuesday debate

WASHINGTON: US President Donald Trump demanded Sunday that his Democratic rival Joe Biden take a drug test either...

Published 28 Sep, 2020 03:07am

Macron party braces for new setback in Senate polls

PARIS: President Emmanuel Macron’s centrist party braced on Sunday for a new setback in elections for France’s...

Published 28 Sep, 2020 03:07am

S Africa minister reprimanded for ANC trip on airforce jet

JOHANNESBURG: South Africa’s defence minister has been reprimanded and will lose three months of salary after...

Published 28 Sep, 2020 03:07am

UK Labour heads polls for first time in Johnson’s leadership

LONDON: Britain’s Labour Party on Sunday registered its first polling lead since Boris Johnson became prime...

Published 28 Sep, 2020 03:07am

Police clash with Portland protesters and press; more than 20 arrested

PORTLAND, (Ore.): Police clashed with anti-racism protesters and pushed back members of the press in downtown...

Published 28 Sep, 2020 03:07am

Tens of thousands rally against Belarus president in people’s inauguration’

MINSK: Masked police dragged people into vans and fired stun grenades and tear gas to disperse crowds as tens of...

Published 28 Sep, 2020 03:07am

Final whale saved from grim Australia mass stranding

SYDNEY: A lone whale was rescued from among hundreds of carcasses Sunday, taking to 110 the number of creatures that...

Published 28 Sep, 2020 03:07am

UK Labour heads polls for first time in Johnson’s leadership

LONDON: Britain’s Labour Party on Sunday registered its first polling lead since Boris Johnson became prime...

Published 28 Sep, 2020 03:07am

UK says test result issue on England’s Covid-19 app resolved

LONDON: An issue with England’s Covid-19 smartphone app, launched to curb the spread of the virus, which meant it...

Published 28 Sep, 2020 03:07am

Virus curbs rile Europeans as global deaths near a million

MADRID: New infection control restrictions in Europe stirred anger and frustration on Sunday as around the world the...

Published 28 Sep, 2020 03:07am

Stocks

Argentina Inc fears ‘virtual default’ as FX noose tightened

BUENOS AIRES: Argentine companies are facing an increasingly difficult task to keep up with payments on dollar debt,...

Published 28 Sep, 2020 03:07am

Stocks

German bond yields fall, Italian bonds up

AMSTERDAM: Safe-haven German bond yields edged lower on Friday as fears of further coronavirus restrictions weighed...

Published 28 Sep, 2020 03:07am

Stocks

Alibaba fintech arm eyes record IPO with HK-Shanghai listing

HONG KONG: The financial arm of Chinese e-commerce titan Alibaba is planning the biggest IPO in history, raising as...

Published 28 Sep, 2020 03:07am

Stocks

Most major Gulf markets end higher; Dubai index eases

DUBAI: Most major Gulf markets ended higher on Sunday, with petrochemical shares boosting the Saudi index, while...

Published 28 Sep, 2020 03:07am

Stocks

Chinese state investors to take BMW partner Brilliance private

HONG KONG/SHANGHAI: Chinese state-backed investors are considering taking BMW’s main Chinese joint-venture partner...

Published 28 Sep, 2020 03:07am

Stocks

Market volatility prompts investors to seek out long-short equity

LONDON/NEW YORK: Stretched valuations and the resulting pullback in equities have prompted more interest in...

Published 28 Sep, 2020 03:07am

Stocks

Colombian peso slides; strong dollar pressures other Latam FX

SAO PAULO/MEXICO CITY: A strong dollar pressured most Latin American currencies on Friday, with Colombia’s peso...

Published 28 Sep, 2020 03:07am

Stocks

Competition to heat up among US stock exchanges with new entrants

NEW YORK: Three new US stock exchanges are set to launch by the end of September, vying for market share against...

Published 28 Sep, 2020 03:07am

Stocks

Wall Street week ahead: Trump-Biden debate could spark stock volatility

NEW YORK: Some US stocks could face more volatility next week as President Donald Trump and rival Joe Biden face off...

Published 28 Sep, 2020 03:07am

Ex-Audi boss to stand trial for ‘dieselgate’

FRANKFURT AM MAIN: Former Audi boss Rupert Stadler on Wednesday becomes the first to stand trial in Germany over the...

Published 28 Sep, 2020 03:07am

India’s controversial farm bills become law despite protests

NEW DELHI”: India’s president on Sunday approved three controversial agricultural bills amid nationwide protests...

Published 28 Sep, 2020 03:07am

‘Two-headed beast’: China’s coal addiction erodes climate goals

BEIJING: China’s surprise pledge to slash its carbon footprint to zero by 2060 was met with cautious applause, but...

Published 28 Sep, 2020 03:07am

Voters OK minimum wage for Geneva as wealth gap widens

GENEVA: Geneva voters on Sunday came out in support of introducing a minimum wage, guaranteeing every worker in one...

Published 28 Sep, 2020 03:07am

Swiss voters refuse immigration cuts, embrace paternity leave

GENEVA: Swiss voters on Sunday rejected a bid to slash immigration from the EU, leaving free movement in the heart ...

Published 28 Sep, 2020 03:07am

PHA partners with Bookme to digitise events through e-ticketing

LAHORE: Bookme Tickets Private Limited (Bookme), a Pakistani e-ticketing platform for transport and entertainment,...

Published 28 Sep, 2020 03:07am

Associate class seats: PIAF-Founders Alliance clean sweeps LCCI elections

LAHORE: The PIAF-Founders Alliance has made another clean sweep by winning all the eight seats of Lahore Chamber of...

Published 28 Sep, 2020 03:07am

The Weather

KARACHI: The weather report on Sunday (September 27, 2020) and the forecast for Monday (September 28, 2020)....

Published 28 Sep, 2020 03:07am

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 28 Sep, 2020 03:07am

Currency

Your rupee last week

KARACHI: Following currency fluctuations took place in foreign exchange rates during the last week. (September 21 to...

Published 28 Sep, 2020 03:07am

Taliban say it has largely reduced operations

KABUL: The Taliban said on Sunday it has largely reduced its operations across Afghanistan since the Doha agreement...

Published 28 Sep, 2020 03:07am

Exchange

Dr Abdullah due today

ISLAMABAD: The High Council for National Reconciliation (HCNR) of Afghanistan chairman Dr Abdullah Abdullah is...

Published 28 Sep, 2020 03:07am

Exchange

Hasty withdrawal from Afghanistan will be unwise: PM

ISLAMABAD: Prime Minister Imran Khan has cautioned that the intra-Afghan negotiations were likely to be even more...

Published 28 Sep, 2020 03:07am

Jaswant Singh passes away

KARACHI: Former union minister Jaswant Singh, a close associate of ex-Indian prime minister Atal Bihari Vajpayee,...

Published 28 Sep, 2020 03:07am

Lifeline, agri consumers exempted: Discos allowed to increase tariff by paisa 86/unit

ISLAMABAD: National Electric Power Regulatory Authority (Nepra)...

Published 28 Sep, 2020 03:07am

Cabinet to consider IPPs report tomorrow

ISLAMABAD: The federal cabinet which is scheduled to meet on Tuesday (tomorrow) with Prime Minister, Imran Khan, in...

Published 28 Sep, 2020 03:07am

Expenditure & procurement: Power Division, GHCL on war path

ISLAMABAD: Power Division and Genco Holding Company Limited (GHCL) are reportedly on war path, on a letter written ...

Published 28 Sep, 2020 03:07am

NSC issuance for KE transaction: PM asks PC to move summary to ECC

ISLAMABAD: Prime Minister Imran Khan has directed Privatisation Commission (PC) to move a summary to the Economic...

Published 28 Sep, 2020 03:07am

PM optimistic about tourism prospects

ISLAMABAD: Prime Minister Imran Khan on Sunday said that his government has explored several new destinations in...

Published 28 Sep, 2020 03:07am

Qatar Airways says gets $2.0bn state aid after huge loss

DOHA: Qatar Airways said Sunday it received $2.0 billion in state aid to weather the coronavirus crisis, as it ...

Published 28 Sep, 2020 03:07am

Pakistan concerned over Nagorno-Karabakh situation

ISLAMABAD: Pakistan is deeply concerned on the deteriorating security situation in Nagorno-Karabakh region. The...

Published 28 Sep, 2020 03:07am

At least 23 dead in clashes between Armenia, Azerbaijan

YEREVAN: Arch foes Armenia and Azerbaijan on Sunday accused each other of initiating deadly clashes that claimed at...

Published 28 Sep, 2020 03:07am

Trump picks Barrett as he moves to tilt US SC rightward

WASHINGTON: President Donald Trump on Saturday nominated Amy Coney Barrett to the Supreme Court, and she pledged to...

Published 28 Sep, 2020 03:07am

Refunds under FASTER system: FBR directed to include non-zero-rated sectors

ISLAMABAD: In a major development to expedite sales tax refund payments to sectors showing growth, Adviser to Prime...

Published 28 Sep, 2020 03:07am

Palestinians say two Gaza fishermen shot dead by Egypt

DEIR EL-BALAH: Hundreds of mourners on Sunday buried two Gaza fisherman shot dead at sea, as the Palestinian fishing...

Published 28 Sep, 2020 03:07am

Sri Lanka returns containers of illegal waste to Britain

COLOMBO: Sri Lanka has shipped back to Britain container-loads of waste that the government said was brought into ...

Published 28 Sep, 2020 03:07am

Former German ‘super minister’ dies

BERLIN: Former German "super minister" Wolfgang Clement, who helped push through controversial job market reforms in...

Published 28 Sep, 2020 03:07am

Direct meetings with military establishment: PM bars cabinet members, bureaucrats

ISLAMABAD: Prime Minister (PM) Imran Khan has imposed ban on cabinet members and bureaucrats from holding direct...

Published 28 Sep, 2020 03:07am

Exchange

Yemen warring sides agree to swap over 1,000 prisoners

DUBAI: The warring sides in Yemen's long conflict have agreed to exchange 1,081 prisoners, the United Nations...

Published 28 Sep, 2020 03:07am

Iran Guards unveil new naval ballistic missile

TEHRAN: Iran's Revolutionary Guards on Sunday unveiled a new naval ballistic missile with a potential range of over...

Published 28 Sep, 2020 03:07am

N Korea warns of naval tensions during search for slain S Korean

SEOUL: North Korea said on Sunday it is searching for the body a South Korean official killed by its troops, but...

Published 28 Sep, 2020 03:07am

KCR revival project on fast track: Rashid

KARACHI: Federal Minister for Railways Sheikh Rashid Ahmad on Sunday said the KCR revival project was on fast track...

Published 28 Sep, 2020 03:07am

Chinese coal mine: 16 dead from carbon monoxide poisoning

BEIJING: Sixteen workers died and one is in a critical condition after being trapped underground in a coal mine in...

Published 28 Sep, 2020 03:07am

Talal leaves hospital without giving statement

LAHORE: A fact-finding committee headed by a senior police officer Abdul Khaliq visited National Hospital in Lahore...

Published 28 Sep, 2020 03:07am

Stolen wealth and tax havens

EDITORIAL: The prime minister’s demand that rich countries in general and tax havens in particular immediately...

Published 28 Sep, 2020 03:07am

Economic outreach apex committee

EDITORIAL: Prime Minister Imran Khan has decided to constitute an economic outreach apex committee under the...

Published 28 Sep, 2020 03:07am

‘Punjab being transformed into hub of trade, economic activities’

FAISALABAD: Punjab Minister for Commerce & Industries Mian Aslam Iqbal has said that government is transforming...

Published 28 Sep, 2020 03:07am

Currency

Canadian dollar sees biggest weekly drop in 5 months

TORONTO: The Canadian dollar weakened to a seven-week low against its US counterpart on Friday as rising economic ...

Published 28 Sep, 2020 03:07am

Money & Banking

Dollar net short bets rise

NEW YORK: US dollar net shorts increased in the week ended Sept. 22 after falling for the previous three straight...

Published 28 Sep, 2020 03:07am

Money & Banking

Volatile rouble sinks past 78 against dollar

MOSCOW: The Russian rouble reversed course and sank to a near six-month low against the dollar on Friday, crossing...

Published 28 Sep, 2020 03:07am

Industry

DIY a bright spot for consumer spending

PARIS: Many retailers have been caught off-guard by coronavirus restrictions and shifting consumer habits, but DIY...

Published 28 Sep, 2020 03:07am

Industry

European airlines cutting fares to woo back passengers

PARIS: With the coronavirus crisis putting a chill on travel, European airlines are reducing fares to attract...

Published 28 Sep, 2020 03:07am

Bahrain’s economy shrinks

DUBAI: Bahrain’s economy contracted by 8.9% year on year in the second quarter, government data showed on Sunday,...

Published 28 Sep, 2020 03:07am

Commodities

Australia trims resources revenue outlook on weaker coal, LNG exports

MELBOURNE: Australia has pared its forecasts for mining and energy export revenue this year, as liquefied natural ...

Published 28 Sep, 2020 03:07am

Industry

Daimler investors push for independent chairman as Zetsche bows out

FRANKFURT: Investors welcomed former Daimler chief executive Dieter Zetsche’s decision to forego his role as...

Published 28 Sep, 2020 03:07am

AAJ PROGRAM SCHEDULE

Monday, September 28, 2020 TIMING PROGRAM TITLE 06:00 NEWS HOUR 06:25 HEADLINE NEWS 06:30 NEWS HOUR 06:55 HEADLINE...

Published 28 Sep, 2020 03:07am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 21	278.03
USD PKR Interbank Buying / Nov 21	277.78
USD to Japanese Yen / Nov 21	154.92
USD to Swiss Franc / Nov 21	0.88
Pound Sterling to USD / Nov 21	1.26
Euro to USD / Nov 21	1.05

Stock	Volume
S&P 500 / Nov 20	5,917.11
Nasdaq / Nov 20	18,966.14
Dow Jones / Nov 20	43,408.47
India Sensex / Nov 21	77,137.20
Tokyo Nikkei / Nov 21	38,026.17
Hang Seng / Nov 21	19,620.49
FTSE 100 / Nov 21	8,069.57
Germany DAX 30 / Nov 21	18,942.65

Item	Value
Petrol/Litre / Nov 21	248.38
Crude Oil USD/Barrel / Nov 21	69.38
Karachi Cotton PKR/37.32 KG / Nov 21	17,785
Gold 10 Grams PKR / Nov 21	238,340
Gold Spot USD/Ounce / Nov 21	2,662.71
Diesel/Litre / Nov 21	255.14

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 21 786 Investments Limited(786)	7.11 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 21 Al-Abbas Sugar Mills Limited(AABS)	611.40 ▼ 0.00 (0.00%)
Agro Allianz / Nov 21 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 21 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 21 Ali Asghar Textile Mills Limited(AATM)	63.60 ▼ 0.00 (0.00%)
Allied Bank / Nov 21 Allied Bank Limited(ABL)	114.42 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 21 Abbott Laboratories (Pakistan) Limited(ABOT)	1,048.22 ▼ 0.00 (0.00%)
Abson Ind. / Nov 21 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 21 Alfalah Consumer Index ETF.(ACIETF)	12.32 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 21 786 Investments Limited(786)	7.11 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 21 Al-Abbas Sugar Mills Limited(AABS)	611.40 ▲ 0.00 (0.00%)
Agro Allianz / Nov 21 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 21 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 21 Ali Asghar Textile Mills Limited(AATM)	63.60 ▲ 0.00 (0.00%)
Allied Bank / Nov 21 Allied Bank Limited(ABL)	114.42 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 21 Abbott Laboratories (Pakistan) Limited(ABOT)	1,048.22 ▲ 0.00 (0.00%)
Abson Ind. / Nov 21 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 21 Alfalah Consumer Index ETF.(ACIETF)	12.32 ▲ 0.00 (0.00%)

Stock	Volume
K-Electric Ltd. / Nov 21 K-Electric Limited(KEL)	174,389,145 ▲ 0.00
Hascol Petrol / Nov 21 Hascol Petroleum Limited(HASCOL)	63,973,243 ▲ 0.00
Kohinoor Spining / Nov 21 Kohinoor Spinning Mills Limited(KOSM)	62,996,737 ▲ 0.00
Aisha Steel Mill / Nov 21 Aisha Steel Mills Limited(ASL)	48,137,561 ▲ 0.00
Waves Home Appliances / Nov 21 Waves Home Appliances Limited(WAVESAPP)	43,506,391 ▲ 0.00
Lotte Chemical / Nov 21 Lotte Chemical Pakistan Limited(LOTCHEM)	40,852,960 ▲ 0.00
Telecard Limited / Nov 21 Telecard Limited(TELE)	36,937,252 ▲ 0.00
Cnergyico PK / Nov 21 Cnergyico PK Limited(CNERGY)	31,401,025 ▲ 0.00
WorldCall Telecom / Nov 21 Worldcall Telecom Limited(WTL)	31,346,592 ▲ 0.00

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