News Archives for Print - 2020-10-11

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Print - 2020-10-11

Industry

Procedural hindrances: PLGMEA chief lauds speedy response of Customs officials

KARACHI: Chairman of Pakistan Leather Garments Manufacturers Exporters Association (PLGMEA), Danish Khan has said...

Updated 11 Oct, 2020 08:53pm

Europe

Serbia tests Chinese drones, Russian jets at major exercise

PESTER, (Serbia): Russian-made jet fighters, helicopter gunships and tanks fired at ground targets while Chinese...

Updated 11 Oct, 2020 03:08am

Europe

Coronavirus cases surge in Europe and Latin America

BERLIN: Germany and Poland enforced new restrictions to fight the coronavirus Saturday, as the number of cases ...

Published 11 Oct, 2020 02:47am

Asia

Kyrgyzstan elects acting PM, rearrests ex-president

BISHKEK, (Kyrgyzstan): Kyrgyzstan on Saturday put its former president Almazbek Atambayev back in jail while a...

Published 11 Oct, 2020 02:47am

Asia

North Korea displays huge new ICBM at coronavirus-defying parade

SEOUL: North Korea showed off a gigantic new intercontinental ballistic missile Saturday that analysts described as...

Published 11 Oct, 2020 02:47am

South Asia

BD weighs death penalty for rapists as protests flare

DHAKA: Protests rocked Bangladesh on Saturday as hundreds of people took to the streets to demand justice after a...

Updated 11 Oct, 2020 03:10am

Europe

UK becomes latest nation to withdraw envoy from Belarus

LONDON: Britain has joined several eastern European nations in withdrawing its ambassador from strife-torn Belarus ...

Published 11 Oct, 2020 02:47am

Ilma University to provide quality education through webinar

KARACHI: Ilma University has stepped up the endeavors to provide quality at the tertiary level in the education...

Updated 11 Oct, 2020 03:09am

Energy

China to invest nearly $900 billion in power grids

BEIJING: China will invest close to $900 billion in the next five years to help further develop the country's power...

Published 11 Oct, 2020 02:47am

Youth entrepreneurship loans: Deputy SBP Governor-led body formed

ISLAMABAD: Prime Minister Imran Khan, on Saturday, decided to constitute a steering committee, headed by the deputy...

Published 11 Oct, 2020 02:47am

Kerb

Restriction placed on foreign currency account holders

KARACHI: The federal government has restricted foreign currency account holders from depositing locally-purchased...

Published 11 Oct, 2020 02:47am

Government to waive GST on sugar import through TCP

ISLAMABAD: The federal government has decided to waive off domestic sales tax on import of sugar through Trading...

Published 11 Oct, 2020 02:47am

Principal on loan obligations: Rs653 billion payments deferred by banks so far: IMF

ISLAMABAD: Under the State Bank of Pakistan's temporary regulatory measures, banks have deferred a total of Rs653...

Published 11 Oct, 2020 02:47am

UK will explore every avenue for EU deal, Johnson tells Macron

LONDON: Britain will explore every avenue for a trade deal with the European Union but progress to bridge ...

Published 11 Oct, 2020 02:47am

Incumbent govt: Bajwa links army's continued support to law, constitution

ISLAMABAD: Chief of Army Staff (COAS) General Qamar Javed Bajwa has said that the army continues to support the...

Published 11 Oct, 2020 02:47am

China praises Pakistan's support on HK issue

BEIJING: China praised Pakistan for its "strong support" on its position on the Hong Kong problem during a debate at...

Updated 11 Oct, 2020 03:15am

Trump says he is 'medication-free,' describes Covid battle

WASHINGTON: US President Donald Trump said he was "medication free" and revealed more details of his fight with...

Updated 11 Oct, 2020 03:15am

Rs1 billion or more turnover: New LTO created to deal with Multan companies

ISLAMABAD: All companies having annual turnover of Rs1 billion or more, within the territorial jurisdiction of ...

Updated 11 Oct, 2020 03:15am

Another hike in prices of essential food items observed

ISLAMABAD: Prices of essential kitchen items witnessed another hike during this week comparing the preceding one, a...

Updated 11 Oct, 2020 03:15am

WHT exemption on plant, machinery: Issuance of exemption certificates automated

ISLAMABAD: The Federal Board of Revenue (FBR) has automated the system for issuance of the exemption certificates to...

Updated 11 Oct, 2020 03:15am

Bilawal promises to remove PTI govt through PDM

KARACHI: PPP Chairman Bilawal Bhutto Zardari on Saturday promised to remove the PTI government through the Pakistan...

Updated 11 Oct, 2020 03:15am

Religious scholar, driver gunned down in Karachi

KARACHI: Unidentified men shot and killed a religious cleric and his driver in Karachi's Shah Faisal Colony Saturday...

Updated 11 Oct, 2020 03:15am

Armenia, Azerbaijan trade accusations over Karabakh ceasefire

STEPANAKERT, (Azerbaijan): Armenia and Azerbaijan traded accusations of new attacks on Saturday in breach of a...

Updated 11 Oct, 2020 03:15am

Social Media Rules: AIC concerned at lack of transparency in consultation

ISLAMABAD: The Asia Internet Coalition (AIC) has approached Prime Minister Imran Khan while expressing concerns over...

Published 11 Oct, 2020 02:47am

PTI holds mammoth convention amid Covid-19 spike

ISLAMABAD: Despite warning to the opposition parties for not holding rallies to avoid further spread of Covid-19, ...

Published 11 Oct, 2020 02:47am

Toddler's murder sparks outrage

PESHAWAR: Police in northwest Pakistan have made a string of arrests as they search for the killer of a two-year-old...

Published 11 Oct, 2020 02:47am

TikTok moves PTA, says willing to comply with instructions

ISLAMABAD: The short video-sharing app, TikTok has approached the Pakistan Telecommunication Authority (PTA) and...

Published 11 Oct, 2020 02:47am

Letters

State of economy

This is apropos a Business Recorder op-ed "sustainable development goals" carried by the newspaper recently. The...

Published 11 Oct, 2020 02:47am

Currency

Dollar makes a comeback as Cuba readies currency devaluation

The US dollar is making a comeback as the favored currency in communist-run Cuba as the country prepares to devalue...

Published 11 Oct, 2020 02:47am

Federation, taxes & distribution-II

There is something fundamentally wrong with the structure of distribution of taxing powers between the federation ...

Published 11 Oct, 2020 02:47am

Currency

Wanted: fiscal incentives for digitization

The world is moving towards a cashless economy whereas cash-based transactions are rampant in Pakistan. Ratio of...

Updated 12 Oct, 2020 03:02am

JI chief calls for changing system

LAHORE: Chief of Jamaat-e-Islami Senator Sirajul Haq has highlighted the need to change the system, saying the...

Updated 11 Oct, 2020 08:54pm

Imran riding on nerves of those who looted country's wealth: Shibli

ISLAMABAD: Minister for Information and Broadcasting Senator Shibli Faraz has said that Prime Minister Imran Khan ...

Updated 11 Oct, 2020 03:09am

Energy

Shortage causing surge in LPG prices

ISLAMABAD: The shortage of LPG in local market has increased the prices of domestic and commercial cylinders by up ...

Published 11 Oct, 2020 02:47am

Industry

Sarhadi made APCAA vice president for fourth term

PESHAWAR: Zia-ul-Sarhadi has been elected as Vice President (VP) of All Pakistan Customs Agents Association (APCAA)...

Published 11 Oct, 2020 02:47am

Upcoming protest drive: Minister warns opposition of crackdown

ISLAMABAD: Federal Minister for Planning and Development Asad Umar has warned the opposition against breaking the ...

Updated 11 Oct, 2020 03:09am

Crime cases on rise in capital

ISLAMABAD: In spite of heavy security arrangements in the federal Capital, the incidents of robbery, burglary,...

Published 11 Oct, 2020 02:47am

NAB initiates process of declaring absconder to Nawaz

LAHORE: National Accountability Bureau (NAB) under the direction of an accountability court has initiated the ...

Updated 11 Oct, 2020 03:09am

IHC asks counsel for Naval Farms to satisfy court

ISLAMABAD: The Islamabad High Court (IHC) directed the counsel for Naval Farms to satisfy how the Pakistan Navy can...

Updated 11 Oct, 2020 03:09am

Africa

Gas blast kills five in Algeria

ALGIERS: A gas explosion on Saturday killed five people and injured 16 others in the western Algerian city of El...

Published 11 Oct, 2020 02:47am

Cotton & Textile

Cotton Spot Rates

KARACHI: Official KCA spot rates for local dealings in Pakistan rupees on Saturday (October 10, 2020)....

Published 11 Oct, 2020 02:47am

Cotton & Textile

Cotton spot rate rises further by Rs100 to Rs9500

KARACHI: The Spot Rate Committee of the Karachi Cotton Association on Saturday has increased the spot rate by Rs 100...

Published 11 Oct, 2020 02:47am

Growers urged to set up advisory body

LAHORE: Growers have urged the need for setting up agriculture advisory committees (AAC) from tehsil to division...

Updated 11 Oct, 2020 08:53pm

SCPA 2011: SHC expresses displeasure over non-implementation

KARACHI: Sindh High Court (SHC) has showed annoyance over the non-implementation of the Sindh Child Protection...

Published 11 Oct, 2020 02:47am

Recent monsoon rains bring hope for migratory birds: WWF-Pakistan

KARACHI: Apart from causing economic loss and physical damage to infrastructure, this year's monsoon rains bring ...

Published 11 Oct, 2020 02:47am

British HC visits northern areas

ISLAMABAD: The British High Commissioner, Christian Turner, travelled to Chitral, Hunza and Gilgit this week in his...

Published 11 Oct, 2020 02:47am

Energy

Government committed to bring reforms to cater energy requirement

ISLAMABAD: The Federal Government is committed to bring deep rooted reforms to cater the national energy requirement...

Published 11 Oct, 2020 02:47am

World Mental Health Day: WHO for increased investment in mental health

KARACHI: World Mental Health Day is observed throughout the world on October 10, 2020 and the goal this year as...

Updated 11 Oct, 2020 03:18am

Industry

Governor emphasizes need to unearth, utilise minerals

KARACHI: Governor Sindh Imran Ismail has said that many minerals are found in Pakistan and it was the need of the...

Updated 11 Oct, 2020 08:54pm

Commodities

Gold price up by Rs1800 per tola

KARACHI: Gold on Saturday skyrocketed by Rs1800 per tola to Rs116200 on the local market, traders said. Price of ...

Published 11 Oct, 2020 02:47am

Energy

Change in billing schedule irks LESCO consumers

LAHORE: The Lahore Electric Supply Company (LESCO) consumers are infuriated over a change in billing schedule, ...

Published 11 Oct, 2020 02:47am

NAB gets pasted posters of Sulman Shahbaz

LAHORE: National Accountability Bureau (NAB) Lahore has got pasted posters of Sulman Shahbaz son of leader of...

Updated 11 Oct, 2020 03:18am

Opposition parties' 'movement' would be foiled: Rashid

LAHORE: Federal Railways Minister Sheikh Rashid Ahmad has said that every illegal movement by opposition parties...

Updated 11 Oct, 2020 03:18am

Forex

Synopsis of Foreign Currency Account Rules, 2020

Tola associates In an effort to document economy, dismantle manipulations of foreign currency markets and money...

Published 11 Oct, 2020 02:47am

PML-N wants to protect plundered wealth, hoodwink people: Gill

LAHORE: Slamming the Pakistan Muslim League-Nawaz (PML-N) for its stance, Special Assistant to Prime Minister for...

Updated 11 Oct, 2020 03:18am

PTI, PDM lock horns to counter each other in political battle

LAHORE: While the opposition parties' alliance, Pakistan Democratic Movement (PDM) is all set to show its political...

Published 11 Oct, 2020 02:47am

Aaj TV - Sunday's Program schedule

All timings are in PST (Pakistan Standard Time). 06:00 NEWS HOUR 06:25 HEADLINE NEWS 06:30 NEWS HOUR 06:55 HEADLINE...

Published 11 Oct, 2020 02:47am

Yarn Prices

Karachi Yarn Market Rate

KARACHI: Karachi Yarn Market Rates on Monday (October 05, 2020). ======================================= CONES...

Updated 11 Oct, 2020 08:53pm

The Weather

KARACHI: The weather report on Saturday (October 10, 2020) and the forecast for Sunday (October 11, 2020)....

Published 11 Oct, 2020 02:47am

PM promises firm action to bring food prices down

ISLAMABAD: Prime Minister Imran Khan on Saturday vowed to put in place a strategy to bring down food prices. Khan...

Published 11 Oct, 2020 02:47am

Constitution and law making: Training sessions for first-time MPAs in November

LAHORE: Friedrich Naumann Foundation for Freedom Pakistan will hold training sessions on constitution and law making...

Published 11 Oct, 2020 02:47am

Literacy losses due to the pandemic

EDITORIAL: With more than 22 million children out of school Pakistan holds the embarrassing distinction of having ...

Updated 11 Oct, 2020 03:11am

Stunting prevention

EDITORIAL: Prime Minister Imran Khan has been crying hoarse about the need to do something about the growing...

Published 11 Oct, 2020 02:47am

Industry

Higher duties on PFY result into decline in exports: PYMA

ISLAMABAD: Muhammad Hanif Lakhany, unopposed Chairman, Pakistan Yarn Merchants Association (PYMA), has said that...

Updated 11 Oct, 2020 03:15am

Industry

KCCI chief advises youngsters to become entrepreneurs

KARACHI: President Karachi Chamber of Commerce & Industry (KCCI) M. Shariq Vohra has advised the youngster to...

Published 11 Oct, 2020 02:47am

Currency

Economic challenges: FPCCI for designing policies in consultation with real stakeholders

LAHORE: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has called for taking the real...

Published 11 Oct, 2020 02:47am

Taxes

Tax evasion: FBR plans to enhance accountability of officials

LAHORE: The Federal Board of Revenue (FBR) is planning to enhance accountability of the officials responsible for ...

Published 11 Oct, 2020 02:47am

Taxes

'Faster Plus' will resolve issues of refunds blockage: Member IR FBR

FAISALABAD: The member IR (operations) Federal Board of Revenue Dr. Muhammad Ashfaq has said that an upgraded ...

Published 11 Oct, 2020 02:47am

Industry

Automart: car prices in Karachi

KARACHI: The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (October...

Published 11 Oct, 2020 02:47am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 22	278.92
USD PKR Interbank Buying / Jan 22	278.72
USD to Japanese Yen / Jan 22	155.66
USD to Swiss Franc / Jan 22	0.91
Pound Sterling to USD / Jan 22	1.23
Euro to USD / Jan 22	1.04

Stock	Volume
S&P 500 / Jan 21	6,049.24
Nasdaq / Jan 21	19,756.78
Dow Jones / Jan 21	44,025.81
India Sensex / Jan 22	76,197.90
Tokyo Nikkei / Jan 22	39,646.25
Hang Seng / Jan 22	19,778.77
FTSE 100 / Jan 22	8,579.82
Germany DAX 30 / Jan 22	21,258.81

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 21	18,485
Gold 10 Grams PKR / Jan 21	242,798
Petrol/Litre / Jan 22	256.13
Crude Oil USD/Barrel / Jan 22	75.52
Gold Spot USD/Ounce / Jan 22	2,751.94
Diesel/Litre / Jan 22	260.95

Gainers
Losers
Leaders

Stock	Price
Apna Microfin. / Jan 22 Apna Microfinance Bank Limited(AMBL)	10.49 ▲ 0.96 (10.07%)
Leather Up Ltd. / Jan 22 Leather Up Limited(LEUL)	27.57 ▲ 2.51 (10.02%)
Jah.Sidd. Co. / Jan 22 Jahangir Siddiqui & Co. Ltd.(JSCL)	24.29 ▲ 2.21 (10.01%)
Pak Elektron (Pref) / Jan 22 Pak Elektron Limited (Preference)(PELPS)	14.94 ▲ 1.36 (10.01%)
Ashfaq Textile / Jan 22 Ashfaq Textile Mills Limited(ASHT)	15.51 ▲ 1.41 (10.00%)
Crescent Cotton / Jan 22 Crescent Cotton Mills Limited(CCM)	54.45 ▲ 4.95 (10.00%)
Fecto Cement / Jan 22 Fecto Cement Limited(FECTC)	116.40 ▲ 10.58 (10.00%)
Fateh Sports / Jan 22 Fateh Sports Wear Limited(FSWL)	86.43 ▲ 7.86 (10.00%)
Pak Engineering / Jan 22 Pakistan Engineering Company Limited(PECO)	738.34 ▲ 67.12 (10.00%)

Stock	Price
First Capital Equities / Jan 22 First Capital Equities Limited(FCEL)	5.30 ▼ -0.70 (-11.67%)
Nagina Cot. / Jan 22 Nagina Cotton Mills Limited(NAGC)	49.95 ▼ -5.55 (-10.00%)
Zahid Jee Textile / Jan 22 Zahidjee Textile Mills Limited(ZAHID)	27.21 ▼ -3.00 (-9.93%)
Gulistan Sp. / Jan 22 Gulistan Spinning Mills Limited(GUSM)	11.58 ▼ -1.26 (-9.81%)
TPL Life Insur. / Jan 22 TPL Life Insurance Limited(TPLL)	51 ▼ -5.50 (-9.73%)
Masood Textile / Jan 22 Masood Textile Mills Limited(MSOT)	49.05 ▼ -5.27 (-9.70%)
Karam Ceramics / Jan 22 Karam Ceramics Limited(KCL)	55.98 ▼ -5.92 (-9.56%)
Mari Energies / Jan 22 Mari Energies Limited(MARI)	598 ▼ -61.53 (-9.33%)
Hala Enterprise / Jan 22 Hala Enterprises Limited(HAEL)	12.10 ▼ -1.21 (-9.09%)

Stock	Volume
Cnergyico PK / Jan 22 Cnergyico PK Limited(CNERGY)	114,034,653 ▲ 0.04
WorldCall Telecom / Jan 22 Worldcall Telecom Limited(WTL)	99,158,485 ▼ -0.07
Fauji Cement / Jan 22 Fauji Cement Company Limited(FCCL)	83,500,175 ▲ 3.03
Bank Makramah / Jan 22 Bank Makramah Limited(BML)	69,476,357 ▲ 0.02
Citi Pharma Ltd / Jan 22 Citi Pharma Ltd.(CPHL)	23,402,152 ▲ 3.23
Lotte Chemical / Jan 22 Lotte Chemical Pakistan Limited(LOTCHEM)	23,042,045 ▼ -0.08
Ghani Chem. Ind. / Jan 22 Ghani Chemical Industries Limited(GCIL)	21,938,589 ▲ 1.04
Power Cement / Jan 22 Power Cement Limited(POWER)	21,682,567 ▲ 0.10
Fauji Foods Ltd / Jan 22 Fauji Foods Limited(FFL)	18,601,390 ▼ -0.41

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