News Archives for Print - 2020-09-28

<<>>

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 / 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

Markets →

Budget 2024-25: income tax calculator for FY25

Most Popular