News Archives for Print - 2020-10-13

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Print - 2020-10-13

Turkey restarts hunt for Mediterranean gas, reigniting Greek row

ANKARA: Turkey will redeploy the research ship at the centre of an energy row with Greece to the eastern...

Published 13 Oct, 2020 02:45am

Letters

'Dangerous buildings'

This is apropos a Business Recorder op-ed "Dangerous buildings" carried by the newspaper last week. The writer, Zia...

Published 13 Oct, 2020 02:45am

Power sector reforms: lessons from Turkey

Pakistan embarked upon a series of reforms in the power sector in the 1990s, more or less around the same time as...

Published 13 Oct, 2020 02:45am

Illusions and prospects

On the eve of the launch of the Pakistan Democratic Movement's (PDM's) campaign of rallies against the incumbent...

Published 13 Oct, 2020 02:45am

Cotton

Growth prospects

There is considerable lack of clarity currently about the prospects for the economy of Pakistan in 2020-21. The...

Published 13 Oct, 2020 02:45am

BYKEA signs agreement for NIFT ePay

KARACHI: Bykea, in line with its strategy to enable and promote it's online platform, has entered into an agreement...

Published 13 Oct, 2020 02:45am

CDWP approves as many as eight projects at cost of Rs36bn

ISLAMABAD: The Central Development Working Party (CDWP) approved as many as eight development projects at the cost ...

Published 13 Oct, 2020 02:45am

Land transfer system being expanded to whole Punjab: Buzdar

LAHORE: Inaugurating the 115 arazi record centres, satellite arazi record centre and 20 mobile arazi centres, Chief...

Published 13 Oct, 2020 02:45am

KP agro-processing sector receives machinery for CFCs

PESHAWAR: The United Nation Development Programme (UNDP), Pakistan through its implementing partner Small and Medium...

Published 13 Oct, 2020 02:45am

Currency

All set to amend Universal Service Fund Rules, 2006

ISLAMABAD: The federal government is all set to amend Universal Service Fund (USF) Rules, 2006 aimed at giving ...

Published 13 Oct, 2020 02:45am

Stocks

Monday's early afternoon trade: US main indexes remain higher

• Apple jumps ahead of Tuesday event • Twitter rises after Deutsche Bank upgrades to 'buy' NEW YORK: Wall...

Published 13 Oct, 2020 02:45am

Stocks

Japan stocks lower

TOKYO: Japanese stocks fell on Monday as concerns about upcoming corporate earnings reports prompted some investors...

Published 13 Oct, 2020 02:45am

Stocks

Energy stocks drag FTSE 100 lower

LONDON: London's FTSE 100 fell on Monday in a choppy trading session as a dip in oil prices hit energy stocks and as...

Published 13 Oct, 2020 02:45am

Stocks

Aussie, kiwi down

SYDNEY: The Australian and New Zealand dollars were lower on Monday, reversing some of the previous week's gains as...

Published 13 Oct, 2020 02:45am

Stocks

Early trade in New York: Dollar index holds near 3-week lows; yuan drops

NEW YORK: The dollar index held near three-week lows on Monday as optimism over the possibility of a Covid-19 relief...

Published 13 Oct, 2020 02:45am

Rs1436.74 million UHS budget approved

LAHORE: The Board of Governors (BoGs) of University of Health Sciences (UHS), which met here on Monday accorded...

Published 13 Oct, 2020 02:45am

Opposition to be informed regarding Gujranwala rally before 16th: minister

LAHORE: The government was indecisive to grant permission to the opposition to hold its public gathering due on...

Published 13 Oct, 2020 02:45am

Orange Line Metro Train: Commercial operations may start soon

LAHORE: The Orange Line Metro Train under the China-Pakistan Economic Corridor (CPEC) started trial operations under...

Published 13 Oct, 2020 02:45am

Criminals' fingerprints: NJPMC, LJCP decide to set up central databank

ISLAMABAD: The National Judicial Policy Making Committee (NJPMC) and the Law and Justice Commission of Pakistan...

Published 13 Oct, 2020 02:45am

PM informed about proposal to limit public gatherings

ISLAMABAD: There are clear indications, based on the number of cases and data collected, that coronavirus cases are...

Published 13 Oct, 2020 02:45am

Senate body asks govt to get Sector G-14 freed from land mafia

ISLAMABAD: Senate Standing Committee on Housing and Works expressed strong displeasure on Monday over the federal...

Updated 13 Oct, 2020 03:16am

'World no longer blindly buying Indian narrative on Kashmir'

ISLAMABAD: Foreign Minister Shah Mahmood Qureshi on Monday said that the world was no longer "blindly" buying Indian...

Updated 13 Oct, 2020 03:16am

PARTLY FACETIOUS: Tigers monitoring food inflation!

"I don't understand would The Khan's tigers be granted magisterial powers to check food inflation?" "I am not sure...

Published 13 Oct, 2020 02:45am

Sweden, Denmark to alert UN on shock North Korea documentary

COPENHAGEN: Sweden and Denmark said Monday they would alert the United Nations and the EU on the revelations in a...

Published 13 Oct, 2020 02:45am

South Asia

Bangladesh to execute rapists after protests

DHAKA: Bangladesh introduced the death penalty for rape on Monday after days of protests sparked by a string of...

Published 13 Oct, 2020 02:45am

Europe

Two earthquakes strike off Greek island of Crete

ATHENS: Two moderate earthquakes of over 5.0 magnitude struck off the Greek island of Crete early Monday but there...

Updated 13 Oct, 2020 04:23am

South Asia

Iran says 'historic' US defeat close as arms embargo to be lifted

TEHRAN: Iran on Monday said the US was facing a "historic" defeat as an arms embargo against Tehran is to be lifted...

Published 13 Oct, 2020 02:45am

South Asia

Afghan police ordered to shoot criminals

KABUL: Afghan authorities have for the first time instructed Kabul's police force to fatally shoot armed criminals ...

Published 13 Oct, 2020 02:45am

South Asia

US strikes target Taliban as fighting rages in Afghanistan

KANDAHAR: US air strikes targeted Taliban fighters outside a key city in southern Afghanistan over the weekend,...

Published 13 Oct, 2020 02:45am

South Asia

Afghanistan withdrawal still 'conditions-based', says Top US general

WASHINGTON: The US withdrawal of more troops from Afghanistan will depend on a reduction in violence and other...

Published 13 Oct, 2020 02:45am

Daraz announces DusDus sale

KARACHI: Daraz is offering customers discounts on an assortment of 15 million products during the DusDus sale which...

Updated 13 Oct, 2020 03:16am

Heatwave to hit Karachi

KARACHI: The Met Office has issued a heatwave warning for the city, forecasting that the daytime temperature may...

Updated 13 Oct, 2020 03:16am

KMC puts all hospitals, 1122 rescue services on high alert

KARACHI: Karachi Metropolitan Corporation (KMC) on Monday put on high alert all hospitals and 1122 rescue services ...

Updated 13 Oct, 2020 03:17am

Hyderabad DC directs completion of welfare projects

HYDERABAD: The Divisional Commissioner Hyderabad Mohammed Abbas Baloch has directed the concerned officers to make...

Updated 13 Oct, 2020 03:17am

Prime suspect in motorway gang-rape case Abid Malhi arrested

FAISALABAD: The Punjab police on Monday arrested Abid Malhi, the prime suspect in the Lahore motorway gang-rape case...

Published 13 Oct, 2020 02:45am

IMC publishes Sustainability Report for FY2019-20

KARACHI: Indus Motor Company (IMC) has published its 5th Sustainability Report for the financial year 2019-20. It...

Published 13 Oct, 2020 02:45am

Ozoned Digital partners with Jubilee Life

KARACHI: Ozoned Digital entered into an agreement with Jubilee Life Insurance (Pakistan) to enhance digital customer...

Published 13 Oct, 2020 02:45am

Biometric identification of prisoners: Authorities told to take measures

KARACHI: The Sindh High Court (SHC) on Monday ordered the provincial prison authorities to take immediate measures ...

Published 13 Oct, 2020 02:45am

Spike in Covid-19 cases can be controlled through SOPs: Murad

KARACHI: Sindh Chief Minister Syed Murad Ali Shah has said that Coronavirus cases were increasing in the province...

Published 13 Oct, 2020 02:45am

KE urges energy conservation during predicted heatwave

KARACHI: The Pakistan Meteorological Department on Sunday issued a heatwave alert in Karachi for the next six to...

Published 13 Oct, 2020 02:45am

Exchange

QESCO to be handed over to Balochistan govt: Omar

ISLAMABAD: Federal Minister for Power Division Omar Ayub has said the federal government has decided to handover...

Published 13 Oct, 2020 02:45am

PDM rally in Gujranwala on 16th: Bilawal to lead PPP caravan from Lala Musa

ISLAMABAD: Pakistan People's Party (PPP) Chairman Bilawal Bhutto Zardari would lead a caravan of party leaders and...

Published 13 Oct, 2020 02:45am

Pakistan rejects Indian defence minister's comments

ISLAMABAD: Pakistan on Monday categorically rejected the "unwarranted and irresponsible" comments made by Indian...

Published 13 Oct, 2020 02:45am

Nafisa says PM is a 'wrong number'

ISLAMABAD: Pakistan Peoples Party (PPP) Information Secretary Dr Nafisa Shah MNA has said that the prime minister is...

Published 13 Oct, 2020 02:45am

Exchange

SECP data leak: IHC extends stay in petition challenging constitution of probe body

ISLAMABAD: The Islamabad High Court (IHC) Monday extended stay in a petition challenging the constitution of an...

Published 13 Oct, 2020 02:45am

Participation in ILF ceremony: SC issues notice to PM

ISLAMABAD: The apex court on Monday issued notice to Prime Minister Imran Khan for participating in the Insaf ...

Published 13 Oct, 2020 02:45am

The Weather

KARACHI: The weather report on Monday (October 12, 2020) and the forecast for Tuesday (October 13, 2020)....

Published 13 Oct, 2020 02:45am

Stocks

NATIONAL CLEARING COMPANY OF PAKISTAN LIMITED (NCCPL)

KARACHI: National Clearing Company declares daily settlement information for local & foreign investors on Monday...

Published 13 Oct, 2020 02:45am

Stocks

Electronic/credit of dividend warrants/bonus/right share certificates

KARACHI: Electronic/credit of dividend warrants/bonus/right share certificates....

Published 13 Oct, 2020 02:45am

Stocks

Last date of renunciation/payment

KARACHI: Last dates of renunciation/payment....

Published 13 Oct, 2020 02:45am

Stocks

Dates of Closure of Books & Annual General Meetings

KARACHI: Dates of Closure of Books and holding of Ordinary and Extra-Ordinary General Meetings of companies listed ...

Published 13 Oct, 2020 02:45am

Exchange

KSE-100 Index plunges: BRIndex100 edges down

KARACHI: Pakistan Stock Exchange Monday witnessed a bearish trend due to heavy selling in almost all sectors by ...

Published 13 Oct, 2020 02:45am

Hike in power tariff for KE consumers notified

ISLAMABAD: The federal government has notified the long-awaited increase in electricity tariff for the K-Electric...

Published 13 Oct, 2020 02:45am

PM for unity against anti-state elements

ISLAMABAD: Prime Minister Imran Khan on Monday said as the religious tolerance and inter-faith harmony was the need...

Published 13 Oct, 2020 02:45am

Energy

LNG Producer-Consumer Conference 2020: Minister highlights key initiative in meeting growing gas demand

ISLAMABAD: Federal Minister for Energy Omar Ayub Khan addressed the LNG Producer-Consumer Conference 2020, Japan,...

Published 13 Oct, 2020 02:45am

Energy

Oil prices fall 3pc as US, Libyan, Norwegian supplies resume

NEW YORK: Oil prices settled about 3% lower on Monday as force majeure at Libya's largest oilfield was lifted, a...

Published 13 Oct, 2020 02:45am

Cotton & Textile

New York cotton

NEW YORK: The following were the fluctuations observed during the day:...

Published 13 Oct, 2020 02:45am

Cotton & Textile

Cotton futures near 8-month peak

NEW YORK: ICE cotton futures jumped to a near eight-month high on Monday as fears about the quality of the natural...

Published 13 Oct, 2020 02:45am

Grains

Russian wheat prices up

MOSCOW: Russian wheat export prices rose last week due to high demand from exporters and limited supply from farmers...

Published 13 Oct, 2020 02:45am

Commodities

Copper nears multi-year highs on Chinese demand

LONDON: Copper touched a three-week high on Monday as demand from top consumer China and the threat of strikes by...

Published 13 Oct, 2020 02:45am

Commodities

Japan rubber futures rise

TOKYO: Japanese rubber futures rose to a six-week high on Monday, supported by lingering concerns over tighter ...

Published 13 Oct, 2020 02:45am

Commodities

Palm oil gains for sixth day

KUALA LUMPUR: Malaysian palm oil futures ended 3% higher on Monday, extending gains to a sixth session as rival...

Published 13 Oct, 2020 02:45am

Commodities

Raw sugar hits 7-1/2 months high

LONDON: Raw sugar futures on ICE climbed to a 7-1/2 month peak on Monday, buoyed by fund buying against the backdrop...

Published 13 Oct, 2020 02:45am

Commodities

Gold eases in Asia

SINGAPORE: Gold retreated slightly from a three-week high in Asian trade, as the dollar recouped some of its losses...

Published 13 Oct, 2020 02:45am

Commodities

Gold slips in Europe

LONDON": Gold prices fell from a three-week peak on Monday as expectations of a limited US coronavirus relief bill...

Published 13 Oct, 2020 02:45am

Commodities

US MIDDAY: Soyabeans fall

CHICAGO: Chicago soyabean futures dipped Monday, as harvest pressure pushed the market lower and the US Columbus Day...

Published 13 Oct, 2020 02:45am

Commodities

US MIDDAY: Gold slips from 3-week high

NEW YORK: Gold prices fell from a three-week peak on Monday as expectations of an inadequate US coronavirus relief...

Published 13 Oct, 2020 02:45am

Stocks

Most Gulf markets up

DUBAI: Most Gulf stock markets ended higher on Monday with gains in National Commercial Bank and Samba Financial...

Published 13 Oct, 2020 02:45am

Stocks

European shares climb

MILAN/FRANKFURT: European shares hit a five-week high on Monday as optimism about a stable economic recovery in ...

Published 13 Oct, 2020 02:45am

Stocks

China stocks notch best day in 3 months

SHANGHAI: China stocks extended their rally on Monday to post their biggest daily percentage gain in three months, ...

Published 13 Oct, 2020 02:45am

Commodities

Indian gold to sell at premium

BENGALURU/MUMBAI: Physical gold was sold at a premium in India this week for the first time since mid-August as...

Published 13 Oct, 2020 02:45am

Commodities

PMEX daily trading report

KARACHI: On Friday, at PMEX the traded value of metals, energy, COTS/FX and indices was recorded at PKR 6.340 ...

Published 13 Oct, 2020 02:45am

Rates.Ports

Activities of Karachi Port and Port Qasim

KARACHI: The Karachi Port handled 246,418 tonnes of cargo comprising 146,809 tonnes of import cargo and 99,609 ...

Published 13 Oct, 2020 02:45am

Cotton & Textile

Cotton Spot Rates

KARACHI: Official KCA spot rates for local dealings in Pakistan rupees on Monday (October 12, 2020)....

Published 13 Oct, 2020 02:45am

Cotton & Textile

Trade activity remains bullish on cotton market

KARACHI: Trade activity remained bullish on the local cotton market on Monday. Market sources told that due to...

Published 13 Oct, 2020 02:45am

Grains

Wheat sowing target fixed at 17 million acres with 20 million tons production

LAHORE: The Punjab Government has fixed the target of sowing wheat on 17 million acres of land with production ...

Published 13 Oct, 2020 02:45am

Top Bollywood producers file defamation lawsuit against TV channels

They named Republic TV and its founder Arnab Goswami, as well as Times Now.

Updated 13 Oct, 2020 12:58pm

Energy

Byco partners with HBFC

KARACHI: Pakistan's largest oil refining company, Byco Petroleum Pakistan Limited, entered into an alliance with the...

Published 13 Oct, 2020 02:45am

AAJ PROGRAM SCHEDULE

Tuesday, October 13, 2020 TIMING PROGRAM TITLE 06:00 NEWS HOUR 06:25 HEADLINE NEWS 06:30 NEWS HOUR 06:55 HEADLINE...

Published 13 Oct, 2020 02:45am

Rates.Bullion

Bullion Rates

KARACHI: Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (October 12, 2020)....

Published 13 Oct, 2020 02:45am

Exchange

LME official prices

LONDON: The following were Friday official prices....

Published 13 Oct, 2020 02:45am

Commodities

Pakistan Mercantile Exchange - PMEX

ISLAMABAD: Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary...

Published 13 Oct, 2020 02:45am

Kerb

Pakistan Economic Indicators

KARACHI: Pakistan Economic Indicators - Monday (October 12, 2020)....

Published 13 Oct, 2020 02:45am

Rates.Ports

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (October 12, 2020)....

Published 13 Oct, 2020 02:45am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Monday (October 12, 2020). ======================== Bid Rate ...

Published 13 Oct, 2020 02:45am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Monday (October 12, 2020)....

Published 13 Oct, 2020 02:45am

Currency

THE RUPEE: Gains against USD

KARACHI: On Monday, upon market closing, Pakistan Rupee gained value against USD in interbank market. In open ...

Published 13 Oct, 2020 02:45am

Rates

Revised Rates of Debt Securities

KARACHI: The following were the revised rates of debt securities on Monday (October 12, 2020)....

Published 13 Oct, 2020 02:45am

Rates

Cross Transactions between Client to Client & Financial Institutions

KARACHI: The following were the cross transactions between client to client & financial institutions here on...

Published 13 Oct, 2020 02:45am

Rates

Member to Member

KARACHI: The following transactions member to member subsequently reported on Monday (October 12, 2020)....

Published 13 Oct, 2020 02:45am

Mutual Funds

Mutual Funds Association of Pakistan

KARACHI: Mutual Funds Association has issued open-end funds daily prices for Monday (October 12, 2020)...

Published 13 Oct, 2020 02:45am

Rates.BR Index

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Monday (October 12, 2020). ==================================== BR...

Published 13 Oct, 2020 02:45am

Exchange

BOARD MEETINGS

KARACHI: Board Meetings of Companies listed on the Pakistan Stock Exchange....

Published 13 Oct, 2020 02:45am

Exchange

Dividend/Bonus Announcements

KARACHI: Dividend/Bonus announcements by the companies listed on the Pakistan Stock Exchange....

Published 13 Oct, 2020 02:45am

Exchange

Proposed right issues

KARACHI: Right issues proposed by companies listed on Pakistan Stock Exchange....

Published 13 Oct, 2020 02:45am

Exchange

Clearing Schedule for T+2 System

KARACHI: Pakistan Stock Exchange's Clearing Schedule for T+2 System....

Published 13 Oct, 2020 02:45am

Rates.EFU

EFU TAKAFUL CONSERVATIVE FUND RATES

KARACHI: EFU Takaful Conservative Fund Rates on Monday (October 12, 2020). ======================== Offer Price...

Published 13 Oct, 2020 02:45am

Rates.EFU

EFU TAKAFUL AGGRESSIVE FUND RATES

KARACHI: EFU Takaful Aggressive Fund Rates on Monday (October 12, 2020). ======================== Offer Price...

Published 13 Oct, 2020 02:45am

Rates.EFU

EFU TAKAFUL GROWTH FUND RATES

KARACHI: EFU Takaful Growth Fund Rates on Monday (October 12, 2020). ======================== Offer Price...

Published 13 Oct, 2020 02:45am

Rates.EFU

EFU AGGRESSIVE FUND RATES

KARACHI: EFU Aggressive Fund Rates on Monday (October 12, 2020). ======================== Offer Price 1,404.5623...

Published 13 Oct, 2020 02:45am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 1	277.92
USD PKR Interbank Buying / Jan 1	277.72
USD to Japanese Yen / Jan 1	150.01
USD to Swiss Franc / Jan 1	0.89
Pound Sterling to USD / Jan 1	1.27

Stock	Volume
India Sensex / Jan 1	80,853.10
Tokyo Nikkei / Jan 1	39,248.86
Hang Seng / Jan 1	19,694.44
FTSE 100 / Jan 1	8,345.09
Germany DAX 30 / Jan 1	20,011.64

Item	Value
Petrol/Litre / Jan 1	252.10
Crude Oil USD/Barrel / Jan 1	68.37
Karachi Cotton PKR/37.32 KG / Jan 1	17,685
Gold Spot USD/Ounce / Jan 1	2,645.88
Diesel/Litre / Jan 1	258.43

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Dec 3 786 Investments Limited(786)	7.30 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Dec 3 Al-Abbas Sugar Mills Limited(AABS)	630 ▼ 0.00 (0.00%)
Agro Allianz / Dec 3 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Dec 3 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Dec 3 Ali Asghar Textile Mills Limited(AATM)	67.69 ▼ 0.00 (0.00%)
Allied Bank / Dec 3 Allied Bank Limited(ABL)	150 ▼ 0.00 (0.00%)
Abbott Lab. / Dec 3 Abbott Laboratories (Pakistan) Limited(ABOT)	1,118.68 ▼ 0.00 (0.00%)
Abson Ind. / Dec 3 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Dec 3 Alfalah Consumer Index ETF.(ACIETF)	13.14 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Dec 3 786 Investments Limited(786)	7.30 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Dec 3 Al-Abbas Sugar Mills Limited(AABS)	630 ▲ 0.00 (0.00%)
Agro Allianz / Dec 3 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Dec 3 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Dec 3 Ali Asghar Textile Mills Limited(AATM)	67.69 ▲ 0.00 (0.00%)
Allied Bank / Dec 3 Allied Bank Limited(ABL)	150 ▲ 0.00 (0.00%)
Abbott Lab. / Dec 3 Abbott Laboratories (Pakistan) Limited(ABOT)	1,118.68 ▲ 0.00 (0.00%)
Abson Ind. / Dec 3 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Dec 3 Alfalah Consumer Index ETF.(ACIETF)	13.14 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Dec 3 Worldcall Telecom Limited(WTL)	213,514,857 ▲ 0.00
Cnergyico PK / Dec 3 Cnergyico PK Limited(CNERGY)	196,907,321 ▲ 0.00
Fauji Foods Ltd / Dec 3 Fauji Foods Limited(FFL)	68,325,507 ▲ 0.00
K-Electric Ltd. / Dec 3 K-Electric Limited(KEL)	66,212,972 ▲ 0.00
Sui South Gas / Dec 3 Sui Southern Gas Company Limited(SSGC)	65,264,278 ▲ 0.00
B.O.Punjab / Dec 3 The Bank of Punjab(BOP)	61,288,845 ▲ 0.00
Hascol Petrol / Dec 3 Hascol Petroleum Limited(HASCOL)	49,268,731 ▲ 0.00
Pak Int.Bulk / Dec 3 Pakistan International Bulk Terminal(PIBTL)	46,902,495 ▲ 0.00
Fauji Cement / Dec 3 Fauji Cement Company Limited(FCCL)	31,910,059 ▲ 0.00

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