News Archives for Print - 2020-10-19

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Print - 2020-10-19

UK says door remains 'ajar' for post-Brexit trade deal

LONDON: The British government said on Sunday it still wanted to reach a post-Brexit trade deal with the European...

Published 19 Oct, 2020 03:02am

Ankara-backed nationalist ousts president in Turkish Cypriot poll

NICOSIA: Right-wing nationalist Ersin Tatar, backed by Ankara, scored a surprise victory in a run-off presidential...

Published 19 Oct, 2020 03:02am

Stocks

Traders trickle back to Wall Street after pandemic confinement

NEW YORK: The life of a Wall Street trader was once one of business trips and work dinners, but now it is anything...

Published 19 Oct, 2020 03:02am

SAPM proposes converting PHL's loans into govt's capital investment

ISLAMABAD: Prime Minister's Special Assistant on Revenue Dr Waqar Masood has reportedly proposed that loans of Power...

Published 19 Oct, 2020 03:02am

Stocks

India will not mandate secondary listings for firms joining overseas markets

NEW DELHI: India has decided not to mandate secondary listings for domestic firms that float shares on a foreign...

Published 19 Oct, 2020 03:02am

Stocks

Wall Street week ahead: Big tech nervousness prompts calls to diversify

NEW YORK: As a technology-driven rally brings US stock indexes within striking distance of fresh records, concerns...

Published 19 Oct, 2020 03:02am

Asia

Thai democracy protesters defy ban for fourth day

BANGKOK: Tens of thousands of protesters defied a ban on gatherings of more than four people to mass at a major...

Updated 19 Oct, 2020 03:23am

USA

Trump and Biden hit the trail in a charged election week

WASHINGTON: President Donald Trump and rival Joe Biden hit the ground Sunday in the swing states that will decide ...

Published 19 Oct, 2020 03:02am

Africa

Guineans vote in tense election

CONAKRY: Voters lined up in Guinea's capital Conakry on Sunday to cast their ballots in a high-stakes presidential...

Published 19 Oct, 2020 03:02am

Middle East

Saudi woman makes world's 'largest coffee painting'

JEDDAH: A Saudi artist has created the world's "largest coffee painting", becoming the first woman from the country...

Updated 19 Oct, 2020 03:30am

Europe

Tens of thousands march in Belarus despite police threat to open fire

MINSK: Belarusian police on Sunday detained more than 200 people as tens of thousands marched against strongman...

Updated 19 Oct, 2020 03:31am

Europe

Europe surges past 250,000 virus deaths as Israel lifts lockdown

PARIS: Europe passed the milestone of 250,000 deaths from coronavirus on Sunday, as Israel and Australia's...

Published 19 Oct, 2020 03:02am

Asia

11 soldiers dead in Vietnam after second big landslide

HANOI: Eleven soldiers are dead and a frantic search is under way for 11 others after a huge landslide hit central...

Published 19 Oct, 2020 03:02am

Middle East

Top Palestinian official Erekat in Israeli hospital fighting virus

RAMALLAH, (Palestinian Territories): Chief Palestinian negotiator Saeb Erekat was rushed to an Israeli hospital...

Published 19 Oct, 2020 03:02am

Currency

China beefs up laws to handle epidemics, protect whistleblowers

BEIJING: China has passed a new law to improve its handling of disease outbreaks - including protecting...

Published 19 Oct, 2020 03:02am

DG Parks and Horticulture visits IoBM

KARACHI: The Institute of Business Management (IoBM) is collaborating in corporate social responsibility (CSR)...

Updated 19 Oct, 2020 04:10am

TIP terms Right of Access to Information (Amendment) Bill, 2020 illegal

KARACHI: Transparency International Pakistan (TIP) condemns the efforts to pass Right of Access to Information...

Updated 19 Oct, 2020 04:11am

British DHC meets Karachi Commissioner

KARACHI: The British Deputy High Commissioner (DHC) Mike Nithavrianakis called on the Karachi Commissioner Dr...

Updated 19 Oct, 2020 04:12am

Cotton & Textile

Weekly Cotton Review: Business remains low

KARACHI: Fluctuation of Rs 1000 per maund in the rate of cotton. The spot rate increased by Rs 300 per maund. ...

Published 19 Oct, 2020 03:02am

Mills directed to issue timely flour quota to dealers

PESHAWAR: Chairman Pakistan Flour Mills Association (PSMA) Khyber Pakhtunkhwa, Mohammad Naeem Butt has issued...

Updated 19 Oct, 2020 04:13am

CM orders resolution of Baloch students' issues in Punjab

LAHORE: Punjab Chief Minister Sardar Usman Buzdar has directed the additional chief secretary higher education to...

Published 19 Oct, 2020 03:02am

Exchange

Pakistan Telecommunication Authority: Issues led to disputes, litigation with service providers: AGP

ISLAMABAD: The Auditor General of Pakistan (AGP) revealed that contractual management issues in the Pakistan...

Published 19 Oct, 2020 03:02am

Fazl meets Zardari

KARACHI: Jamiat Ulema-e-Islam Fazl (JUI-F) chief Maulana Fazl-ur-Rehman has held a meeting with the former president...

Published 19 Oct, 2020 03:02am

Protests' impact on the economy

The Pakistan Tehrik-i-Insaaf (PTI) government's dismissal of Pakistan Democratic Movement's (PDM's) plan to oust it...

Published 19 Oct, 2020 03:02am

China

China revises laws to strengthen protection of minors online

SHANGHAI: China has revised laws to strengthen the protection of under-18s online, state news agency Xinhua reported...

Published 19 Oct, 2020 03:02am

Trump gaffe demotes France's Macron

WASHINGTON: President Donald Trump likes to make fun of his rival Joe Biden's verbal lapses but on Saturday he made...

Updated 19 Oct, 2020 03:32am

Rates.BR Index

Futures spread declined by 416bps

KARACHI: The futures spread declined by 416bps to 1.00 percent on the last day of outgoing week. Trading activities...

Published 19 Oct, 2020 03:02am

Exchange

PSX remains under pressure: BRIndex100 loses 71.49 points

KARACHI: Pakistan Stock Exchange remained under pressure during the outgoing week ended on Oct 16, due to selling in...

Published 19 Oct, 2020 03:02am

12 killed, dozens hurt by car bomb targeting Afghan police

HEART: A car bomb Sunday targeting an Afghan police headquarters in the western province of Ghor killed at least 12...

Updated 19 Oct, 2020 03:28am

Exchange

Hekmatyar arrives today

ISLAMABAD: Gulbuddin Hekmatyar - a former warlord and current head of Hezb-e-Islami Afghanistan along with a...

Published 19 Oct, 2020 03:02am

Letters

The writing is on the wall?

It is quite clear that the incumbent government is finding it difficult to encounter a difficult situation. The...

Published 19 Oct, 2020 03:02am

Airlines face tough winter as hoped-for pick-up fails to materialise

Airlines face a long, hard winter after a much hoped for rebound from the coronavirus crisis failed to materialise,...

Published 19 Oct, 2020 03:02am

To move a movement

Movements need to "move" people: physically, mentally, emotionally and spiritually. All successful movements have...

Published 19 Oct, 2020 03:02am

Stocks

Gulf markets quiet; Egypt stocks hit by blue-chip selloff

DUBAI: The Egyptian stock market ended lower on Sunday after a retreat in shares in its blue-chip index, while trade...

Published 19 Oct, 2020 03:02am

Availability of wheat and sugar: Punjab govt orders activation of 'Sahulat Bazaar' at tehsil level

LAHORE: In order to ensure availability of essential commodities, especially flour and sugar at the fixed prices in...

Updated 19 Oct, 2020 04:03am

Ilma University to provide 50pc scholarship

KARACHI: Ilma University acknowledges and appreciates the relentless efforts that the Government employees as well ...

Updated 19 Oct, 2020 04:04am

Nawaz's speech: Bilawal's disassociation welcoming omen: Chauhan

LAHORE: Punjab Information Minister Fayyaz-ul-Hassan Chauhan termed Bilawal Zardari's disassociation with Nawaz...

Updated 19 Oct, 2020 04:04am

Sir Syed Ahmed Khan remembered

KARACHI: The rich tributes were paid to the great visionary and reformer of the subcontinent Sir Syed Ahmed Khan at...

Updated 19 Oct, 2020 04:05am

JI announces countrywide anti-govt movement from Nov 1

LAHORE: Jamaat-e-Islami Pakistan has announced countrywide protest movement against the PTI government from November...

Updated 19 Oct, 2020 04:09am

PDM creating hurdles in revival of economy: Qureshi

MULTAN: Foreign Minister Makhdoom Shah Mahmood Qureshi said opposition parties were claiming to dislodge incumbent...

Updated 19 Oct, 2020 04:09am

Singapore's world-first face scan plan sparks privacy fears

SINGAPORE: Singapore will become the world's first country to use facial verification in its national ID scheme, but...

Published 19 Oct, 2020 03:02am

Grains

Syria needs up to 200,000 tonnes of wheat per month to meet shortfall

BEIRUT/AMMAN: Syria needs to import between 180,000 tonnes and 200,000 tonnes of wheat a month, the economy minister...

Published 19 Oct, 2020 03:02am

Shenzhen gets more autonomy for market reform, integration

SHANGHAI: China on Sunday detailed steps to grant more autonomy to Shenzhen, letting the southern financial and...

Updated 24 Oct, 2020 03:11am

Azerbaijan and Armenia: Pakistan welcomes humanitarian truce

ISLAMABAD: Pakistan on Sunday welcomed the humanitarian truce agreed between Azerbaijan and Armenia on 18 October to...

Published 19 Oct, 2020 03:02am

Currency

Your rupee last week

KARACHI: Following currency fluctuations took place in foreign exchange rates during the last week. (October 12 to...

Published 19 Oct, 2020 03:02am

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 19 Oct, 2020 03:02am

The Weather

KARACHI: The weather report on Sunday (October 18, 2020) and the forecast for Monday (October 19, 2020)....

Published 19 Oct, 2020 03:02am

AAJ PROGRAM SCHEDULE

Monday, October 19, 2020 TIMING PROGRAM TITLE 06:00 NEWS HOUR 06:25 HEADLINE NEWS 06:30 NEWS HOUR 06:55 HEADLINE...

Published 19 Oct, 2020 03:02am

India lost Kashmir for practical purposes: Moeed

ISLAMABAD: Special Assistant to the Prime Minister (SAPM) on National Security and Strategic Policy Planning, Dr...

Published 19 Oct, 2020 03:02am

DRAP fixes MPR of 253 drugs on packing sizes

ISLAMABAD: Drug Regulatory Authority of Pakistan (DRAP) has fixed the maximum retail prices (MPR) of 253 drugs on ...

Published 19 Oct, 2020 03:02am

KP CM condemns Nawaz's 'anti-state' agenda

PESHAWAR: KP Chief Minister Mahmood Khan has taken exception to the statement of PML-N Supremo, Mian Mohammad Nawaz...

Published 19 Oct, 2020 03:02am

Covid-19 cases re-surge: President advises strict adherence to SOPs

ISLAMABAD: As the country witnesses surge in the Covid-19 cases again, President Dr Arif Alvi Sunday advised the...

Published 19 Oct, 2020 03:02am

PTI lawmakers: anger or dissatisfaction?

EDITORIAL: The Pakistan Tehrik-i-Insaaf's (PTI) lawmakers' severe criticism of the government's performance during...

Published 19 Oct, 2020 03:02am

BBoIT decides to establish offices in Karachi, Gwadar

QUETTA: Chief Executive Officer of Balochistan Board of Investment and Trade (BBoIT), Farman Zarkoon has said that...

Published 19 Oct, 2020 03:02am

Currency

IMF chief says 'much more decisive' action needed to deal with debt problems

WASHINGTON: The head of the International Monetary Fund on Sunday called for significant steps to address the...

Published 19 Oct, 2020 03:02am

Money & Banking

Italy gives green light to Monte dei Paschi reprivatisation decree

ROME/MILAN: Italian Prime Minister Giuseppe Conte has given the green light to measures needed for a bad loan...

Published 19 Oct, 2020 03:02am

Money & Banking

BoE's Bailey sees economic risks skewed 'very heavily' to downside

LONDON: Bank of England Governor Andrew Bailey said there is a significant risk of further disappointments to UK...

Published 19 Oct, 2020 03:02am

Industry

Amid e-commerce boom, anti-Amazon Shopify takes flight

TORONTO, (Canada): The pandemic has forced businesses worldwide to pivot online to survive, and many have turned to...

Published 19 Oct, 2020 03:02am

Currency

Israel, UAE agree deal to boost investment in each other's economies

OCCUPIED JERUSALEM: Israel and the United Arab Emirates (UAE) have reached a bilateral agreement that will give...

Published 19 Oct, 2020 03:02am

Money & Banking

Central bank head says economy to expand about 2pc this year

TOKYO: China will see its economy expand by about 2% this year as it has got the coronavirus pandemic under control,...

Published 19 Oct, 2020 03:02am

China passes export-control law following US moves

SHANGHAI: China passed a law restricting exports of controlled items, allowing the government to act against...

Published 19 Oct, 2020 03:02am

Currency

Yen safety status at risk

LONDON/TOKYO: The coronavirus epidemic - and the collapse in global interest rates it has sparked - may have blown a...

Published 19 Oct, 2020 03:02am

Currency

Swedish, Norwegian currencies to keep gaining on dollar, euro

STOCKHOLM: The Swedish and Norwegian currencies are expected to strengthen against the euro and the dollar in the...

Published 19 Oct, 2020 03:02am

Currency

Long bets on Taiwan dollar, S Korean won hit over 2-1/2-year high

• Bullish bets raised on six of nine emerging Asian unitsSINGAPORE: Long positions on the South Korean won and...

Published 19 Oct, 2020 03:02am

Currency

BoJ to start central bank digital currency tests

TOKYO: The Bank of Japan will conduct experiments on basic functions core to issuing central bank digital currencies...

Published 19 Oct, 2020 03:02am

Currency

EM currencies set for biggest underperformance in more than a decade

LONDON: The performance gap between emerging market currencies and their developed peers has blown out to its widest...

Published 19 Oct, 2020 03:02am

Currency

Facebook's Libra cryptocurrency taps ex-HSBC exec as CFO of payments unit

LONDON: Another former HSBC executive is heading to the Facebook-backed Libra cryptocurrency project, joining as...

Published 19 Oct, 2020 03:02am

Currency

African currencies week ahead: Nigeria naira seen steady, Kenyan shilling may gain

LAGOS: Nigeria's naira is seen trading on an even keel amid a move to curb transactions while the Kenyan shilling ...

Published 19 Oct, 2020 03:02am

Industry

Businessmen are backbone of economy: HCCI chief

HYDERABAD: The president of Hyderabad Chamber of Commerce and Industry (HCCI) Fahad Hussain Shaikh said the office...

Published 19 Oct, 2020 03:02am

Exchange

Terrorist attacks

EDITORIAL: Thursday's two back-to-back terrorist attacks are a poignant reminder that Pakistan remains in the...

Published 19 Oct, 2020 03:02am

Hafiz Trade Centre fire: Electronic items worth millions of rupees gutted

LAHORE: Nearly 500 shops and valuables worth billions of rupees were gutted as a massive fire broke out at Hafiz...

Updated 19 Oct, 2020 03:28am

Eligibility of ATIR Chairman: Ministry directed to provide crucial information

ISLAMABAD: The Lahore High Court (LHC) has directed the Ministry of Law and Justice to provide crucial information...

Updated 19 Oct, 2020 03:27am

Cotton

2.68m cotton bales reach ginneries

MULTAN: Seed cotton (Phutti) equivalent to 2.688 million or exactly 2,688,385 bales have reached ginneries across...

Updated 19 Oct, 2020 03:26am

Saudi Arabia restarts prayers in Grand Mosque

MAKKAH: Saudi Arabia opened Sunday Islam's holiest site for prayers for the first time in seven months, and expanded...

Updated 19 Oct, 2020 03:25am

Iran says UN arms embargo on Tehran has been lifted

TEHRAN: Iran said a longstanding UN embargo on arms sales to and from the Islamic republic expired Sunday in line...

Updated 19 Oct, 2020 03:27am

Pakistan stands with Azerbaijan forces: PM

ISLAMABAD: Prime Minister Imran Khan on Sunday paid tributes to Azerbaijani forces for 'valiantly defending their...

Updated 19 Oct, 2020 03:25am

'$10trn could have been saved if US had handled Covid-19 like Pakistan'

KARACHI: Larry Summers, former chief economist of the World Bank has acknowledged that if the United States (US) had...

Updated 19 Oct, 2020 03:24am

Israel, Bahrain formalise ties

MANAMA: Bahrain and Israel signed a joint communique to formalise nascent ties during a visit by an Israeli and US...

Published 19 Oct, 2020 03:02am

Four soldiers among 16 killed in landslide

SKARDU: Four Pak Army soldiers were martyred after a bus was crushed by a landslide on Skardu Road in...

Published 19 Oct, 2020 03:02am

Corruption: NAB chief says 'surgery' only solution

ISLAMABAD: The chairman National Accountability Bureau (NAB) former Justice Javed Iqbal on Sunday said that the top...

Published 19 Oct, 2020 03:02am

Nawaz's 'Indian narrative will not sell': Umar

KARACHI: Federal Minister for Planning Development & Special Initiatives, Asad Umar said PML-N leadership ...

Published 19 Oct, 2020 03:02am

'Single portal and single return': Provinces back development, implementation

ISLAMABAD: All provincial revenue authorities have fully supported the development and implementation of "single...

Published 19 Oct, 2020 03:02am

Opposition steps up pressure on government

KARACHI: Pakistan Democratic Movement (PDM) - an alliance of opposition political parties - staged a power show in...

Published 19 Oct, 2020 03:02am

Industry

Etihad lays off more flight staff, reassigns others

DUBAI: Abu Dhabi's Etihad Airways is removing four staff roles on its flights - including some on the catering side...

Published 19 Oct, 2020 03:02am

Currency

Mohmand Hydropower Project: AGP smells a rat in award of contract

ISLAMABAD: The Auditor General of Pakistan has alleged that the contract of Mohmand Hydropower Project to M/s...

Updated 19 Oct, 2020 01:31pm

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 25	281.17
USD PKR Interbank Buying / Apr 25	280.97
USD to Japanese Yen / Apr 25	143.67
USD to Swiss Franc / Apr 25	0.83
Pound Sterling to USD / Apr 25	1.33
Euro to USD / Apr 25	1.14
UK LIBOR % / Apr 24	4.96

Stock	Volume
S&P 500 / Apr 25	5,525.21
India Sensex / Apr 25	79,212.53
Tokyo Nikkei / Apr 25	35,705.74
Nasdaq / Apr 25	17,382.94
Hang Seng / Apr 25	21,980.74
FTSE 100 / Apr 25	8,415.25
Dow Jones / Apr 25	40,113.50
Germany DAX 30 / Apr 25	22,242.45
France CAC40 / Apr 25	7,536.26

Item	Value
Crude Oil USD/Barrel / Apr 25	63.17
Karachi Cotton PKR/37.32 KG / Apr 25	16,985
Gold 10 Grams PKR / Apr 25	298,950
Gold Spot USD/Ounce / Apr 25	3,327.60
Cotton US¢/pound / Apr 25	68.80
Petrol/Litre / Apr 27	254.63
Diesel/Litre / Apr 27	258.64

Gainers
Losers
Leaders

Stock	Price
First Capital Equities / Apr 25 First Capital Equities Limited(FCEL)	4.92 ▲ 0.96 (24.24%)
PICIC Ins.Ltd. / Apr 25 PICIC Insurance Limited(PIL)	3.14 ▲ 0.5 (18.94%)
Dewan Mushtaq / Apr 25 Dewan Mushtaq Textile Mills Limited(DMTM)	7.99 ▲ 1 (14.31%)
Pak. P.V.C. / Apr 25 Pakistan PVC Limited(PPVC)	8.26 ▲ 1 (13.77%)
J.K.Spinning / Apr 25 J.K. Spinning Mills Limited(JKSM)	61.90 ▲ 5.63 (10.01%)
At-Tahur Ltd. / Apr 25 At-Tahur Limited(PREMA)	86.74 ▲ 7.89 (10.01%)
Shezan Inter. / Apr 25 Shezan International Limited(SHEZ)	203.03 ▲ 18.46 (10%)
Sunrays Textile / Apr 25 Sunrays Textile Mills Limited(SUTM)	156.38 ▲ 14.22 (10%)
PIA Holding Co.B / Apr 25 PIA Holding Company Limited B(PIAHCLB)	3,282.29 ▲ 298.39 (10%)
S.S.Oil / Apr 25 S.S.Oil Mills Limited(SSOM)	357.05 ▲ 32.46 (10%)

Stock	Price
Engro Powergen / Apr 25 Engro Powergen Qadirpur Limited(EPQL)	28.71 ▼ -10.13 (-26.08%)
Ghani Chemworld / Apr 25 Ghani Chemworld Limited(GCWL)	8 ▼ -1 (-11.11%)
Samba Bank / Apr 25 Samba Bank Limited(SBL)	8.01 ▼ -0.99 (-11%)
Arpak Int. / Apr 25 Arpak International Investments Ltd.(ARPAK)	56.66 ▼ -6.29 (-9.99%)
Blue-Ex Ltd / Apr 25 Blue-Ex Limited (GEM)(GEMBLUEX)	47.38 ▼ -5.26 (-9.99%)
Saif Power Ltd. / Apr 25 Saif Power Limited(SPWL)	12.31 ▼ -1.3 (-9.55%)
Shaheen Ins. / Apr 25 Shaheen Insurance Company Limited(SHNI)	5.25 ▼ -0.46 (-8.06%)
Equity Modaraba / Apr 25 First Equity Modaraba(FEM)	2.75 ▼ -0.24 (-8.03%)
GlaxoSmithKline / Apr 25 GlaxoSmithKline Pakistan Limited(GLAXO)	409.57 ▼ -34.89 (-7.85%)
AKD Hospitality / Apr 25 AKD Hospitality Limited(AKDHL)	136.65 ▼ -10.81 (-7.33%)

Stock	Volume
WorldCall Telecom / Apr 25 Worldcall Telecom Limited(WTL)	22,789,497 ▼ -0.02
Power Cement / Apr 25 Power Cement Limited(POWER)	21,965,614 ▼ -0.17
Sui South Gas / Apr 25 Sui Southern Gas Company Limited(SSGC)	21,567,163 ▼ -0.56
B.O.Punjab / Apr 25 The Bank of Punjab(BOP)	19,825,526 ▼ -0.08
K-Electric Ltd. / Apr 25 K-Electric Limited(KEL)	17,030,953 ▼ -0.04
Aisha Steel Mill / Apr 25 Aisha Steel Mills Limited(ASL)	16,751,796 ▲ 0.59
Cnergyico PK / Apr 25 Cnergyico PK Limited(CNERGY)	16,717,262 ▼ -0.17
Pak Int.Bulk / Apr 25 Pakistan International Bulk Terminal(PIBTL)	16,382,803 ▲ 0.14
Sui North Gas / Apr 25 Sui Northern Gas Pipelines Limited(SNGP)	13,338,455 ▲ 0.33
Secure Logistics / Apr 25 Secure Logistics Group Limited(SLGL)	12,723,116 ▲ 1.13

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