News Archives for Print - 2020-10-26

<<>>

Print - 2020-10-26

Frankfurt cancels Christmas market over virus spike

FRANKFURT AM MAIN: The German city of Frankfurt has become the latest to cancel its traditional Christmas market as...

Published 26 Oct, 2020 02:52am

Iraq protesters revive year-old revolt against the system

BAGHDAD: Iraqi security forces and protesters clashed in Baghdad on Sunday during demonstrations to mark the first...

Updated 26 Oct, 2020 04:13am

Covid chaos piles up for Trump, nine days before vote

WASHINGTON: Donald Trump’s reelection campaign was buffeted Sunday by another Covid-19 outbreak in his team,...

Published 26 Oct, 2020 02:52am

UK police attend security ‘incident’ on ship

LONDON: British police on Sunday said they had been called by a vessel off England’s south coast amid reports of a...

Published 26 Oct, 2020 02:52am

Arabs favour Biden over Trump in US election: poll

RIYADH: Democratic nominee Joe Biden substantially leads his Republican opponent Donald Trump as the Arab world’s...

Published 26 Oct, 2020 02:52am

Protesters target churches over Poland’s near-total abortion ban

WARSAW: Protesters targeted Catholic churches across Poland on Sunday in the fourth straight day of upheaval against...

Published 26 Oct, 2020 02:52am

Looting sweeps Nigeria as authorities struggle with unrest

LAGOS: Nigerian authorities struggled to halt looting across the country on Sunday as crowds defied curfew orders to...

Published 26 Oct, 2020 02:52am

Treaty banning nuclear weapons to enter into force

UNITED NATIONS: An international treaty banning nuclear weapons has been ratified by a 50th country, the UN said,...

Published 26 Oct, 2020 02:52am

More mass testing in China

BEIJING: Chinese officials were racing Sunday to smother a fresh coronavirus outbreak in the country’s far...

Published 26 Oct, 2020 02:52am

Public Health Engineering Department: KP introduces e-tendering, e-bidding

PESHAWAR: The provincial government of Khyber Pakhtunkhwa has introduced e-tendering and e-bidding in the Public...

Updated 26 Oct, 2020 04:18am

Qatar signs deal to buy Moderna Covid-19 vaccine

DUBAI: Qatar has signed an agreement with drugmaker Moderna Inc to buy its potential Covid-19 vaccine as soon as it...

Published 26 Oct, 2020 02:52am

Geneva hospitals call for volunteers

GENEVA: Geneva hospitals on Sunday issued a call for medically trained volunteers and recently retired staff to help...

Published 26 Oct, 2020 02:52am

Spain declares emergency as global virus cases soar

MADRID: Spain declared a national state of emergency on Sunday to tackle a second coronavirus wave as the World...

Published 26 Oct, 2020 02:52am

Kerb

Big week for Big Tech as earnings, hearings loom

SAN FRANCISCO: Big Tech is bracing for a tumultuous week marked by quarterly results likely to show resilience...

Published 26 Oct, 2020 02:52am

Dubai introduces facial recognition on public transport

DUBAI: Dubai is introducing a facial recognition system on public transport to beef up security, officials said...

Published 26 Oct, 2020 02:52am

Ex-PTI MPA Yasin joins ANP

PESHAWAR: Former PTI MPA, Yasin Khan Khalil formally joined ANP during a public meeting here on Sunday. Yasin Khan...

Published 26 Oct, 2020 02:52am

The Weather

KARACHI: The weather report on Sunday (October 25, 2020) and the forecast for Monday (October 26, 2020)....

Published 26 Oct, 2020 02:52am

Chileans flock to polls in referendum for change

SANTIAGO: Chileans flocked to the polls Sunday in a referendum on whether to change a dictatorship-era constitution...

Published 26 Oct, 2020 02:52am

CS orders action against profiteers

LAHORE: On a report of the Special Branch, the Chief Secretary Punjab took notice of the flour sale at the higher...

Published 26 Oct, 2020 02:52am

Saqib Nisar delayed OLMT’s inauguration, alleges Saad

LAHORE: Pakistan Muslim League-Nawaz (PML-N) senior leader Khawaja Saad Rafique has accused former chief justice...

Updated 26 Oct, 2020 04:19am

At least three killed in Quetta blast

QUETTA: At least three people were killed and six others wounded Sunday when a bomb exploded in Quetta, police said....

Updated 26 Oct, 2020 04:19am

PM to launch work on ‘Knowledge City’

ISLAMABAD: Prime Minister Imran Khan will visit Mianwali on Monday to launch work of a Knowledge City at Numl...

Updated 26 Oct, 2020 04:19am

Only a retrograde society can allow fanning RSS ideology: Alvi

ISLAMABAD: President Dr Arif Alvi Sunday said that only a retrograde society like India could encourage the ...

Updated 26 Oct, 2020 04:20am

Grey list: QWP terms FATF decision govt failure

PESHAWAR: Qaumi Watan Party (QWP) provincial Chairman Sikandar Hayat Khan Sherpao while commenting on the decision ...

Updated 26 Oct, 2020 04:22am

Legislation on national issues: Opposition not cooperating with govt: Fawad

ISLAMABAD: Federal Minister for Science and Technology Fawad Chaudhry said on Sunday that the Pakistan...

Updated 26 Oct, 2020 04:22am

Award of contract of BRT buses: SIDCL going to commit ‘grave’ mistake?

KARACHI: Sindh Infrastructure Development Company Limited (SIDCL) is reportedly planning to award a $30 million...

Published 26 Oct, 2020 02:52am

PMC announces admission criteria for foreign students

ISLAMABAD: Pakistan Medical Commission (PMC) on Sunday announced admission criteria for foreign students seeking...

Updated 26 Oct, 2020 04:22am

Keel laying of MILGEM Class Corvette for Pakistan Navy held

KARACHI: The keel laying ceremony of 2nd MILGEM Class Corvette for Pakistan Navy was held on Sunday here at Karachi...

Published 26 Oct, 2020 02:52am

310 new cases of Covid-19 emerge

KARACHI: Sindh Chief Minister Syed Murad Ali Shah has said that 310 new cases of coronavirus emerged when 9,019...

Published 26 Oct, 2020 02:52am

NAB raids govt warehouses in Kashmore

SUKKUR: The National Accountability Bureau (NAB) Sukkur conducted raids at 15 government warehouses in Kashmore for...

Published 26 Oct, 2020 02:52am

Belarusians protest Lukashenko ahead of strike ultimatum

MINSK: Belarusian demonstrators flooded the streets of the capital Minsk on Sunday, the final day of an ultimatum ...

Published 26 Oct, 2020 02:52am

New 157 Covid-19 cases reported in Islamabad: NCOC

ISLAMABAD: National Command and Operation Centre (NCOC) on Coronavirus Sunday said that 157 new Covid-19 cases were...

Updated 26 Oct, 2020 04:22am

Lee Kun-hee, who made S Korea’s Samsung a global powerhouse, dies

SEOUL: Lee Kun-hee, who built Samsung Electronics into a global powerhouse in smartphones, semiconductors and...

Updated 26 Oct, 2020 04:02am

Speakers at PDM rally raise issue of ‘missing persons’

KARACHI: The 11-party anti-government Pakistan Democratic Movement (PDM) alliance on Sunday held its third power ...

Updated 26 Oct, 2020 04:02am

PM accuses Macron of attacking Islam

ISLAMABAD: Pakistan on Sunday strongly condemned the “encouragement of Islamophobia” by French President ...

Updated 26 Oct, 2020 04:02am

Ministers term PDM new addition into anti-state elements

ISLAMABAD: Terming Pakistan Democratic Movement (PDM) a new addition into anti-state elements, the government on...

Updated 26 Oct, 2020 04:02am

OLMT project becomes operational

LAHORE: The long-awaited Orange Line Metro Train (OLMT) project initiated by the previous PML-N government under...

Updated 27 Oct, 2020 03:03pm

Exchange

PSX witnesses bullish trend: BRIndex100 gains 139.01 points

KARACHI: Pakistan Stock Exchange witnessed bullish trend during the outgoing week ended on Oct 23, on the back of...

Published 26 Oct, 2020 02:52am

Rates.BR Index

Futures spread up by 814bps

KARACHI: The futures spread increased by 814bps to 9.15 percent on the last day of outgoing week. Trading ...

Published 26 Oct, 2020 02:52am

Israel says Qatar could get F-35s ‘sooner or later’

OCCUPIED JERUSALEM: An Israeli cabinet minister said on Sunday that a US sale of advanced F-35 warplanes to Qatar...

Updated 26 Oct, 2020 04:13am

Kerb

Islamophobia and hate against Islam: PM urges Facebook CEO to place ban

ISLAMABAD: Prime Minister Imran Khan on Sunday wrote to Mark Zuckerberg, CEO of Facebook, asking for Facebook to...

Published 26 Oct, 2020 02:52am

Additional electricity consumption: Govt decides to fix industrial tariff at Rs8/unit

ISLAMABAD: The federal government has reportedly decided to fix industrial tariff at Rs 8 per unit on additional...

Updated 26 Oct, 2020 04:02am

Energy

Cenovus Energy to buy Husky Energy for $2.9bn

OTTAWA: Cenovus Energy Inc has agreed to buy rival Husky Energy Inc in an all-stock deal valued at C$3.8 billion...

Published 26 Oct, 2020 02:52am

Currency

Russia to increase daily FX sales

MOSCOW: Russia’s central bank will increase its foreign currency sales by the equivalent of 4 billion roubles...

Published 26 Oct, 2020 02:52am

Stocks

Nasdaq quarterly profit tops estimates

NEW YORK: Nasdaq Inc on Wednesday reported third-quarter profits that topped Wall Street views, helped by strength ...

Updated 26 Oct, 2020 04:15am

Stocks

Bulls are back in Nasdaq and options are aflutter

NEW YORK: Investors are once again chasing upside in shares of tech companies after a sharp sell-off in US equities...

Published 26 Oct, 2020 02:52am

Stocks

Greece to reopen 15-year bond

ATHENS: Greece said it was reopening a 15-year bond issued in January, seeking to capitalise on historically low...

Published 26 Oct, 2020 02:52am

Stocks

Cyber security firm McAfee raises $620m in US IPO

NEW YORK: Cyber security firm McAfee Corp sold shares in its initial public offering (IPO) on Wednesday at $20 a...

Published 26 Oct, 2020 02:52am

Stocks

Wall Street week ahead: More US companies offer earnings guidance despite pandemic

NEW YORK: With earnings season in full swing, more companies are again offering earnings guidance, signalling to...

Published 26 Oct, 2020 02:52am

Money & Banking

Saudi’s Al Rajhi Bank reports 3pc drop in Q3

DUBAI: Al Rajhi Bank, Saudi Arabia’s second-largest lender by assets, reported a 3% drop in third-quarter net...

Published 26 Oct, 2020 02:52am

Brexit talks no closer to a deal, say insiders

BRUSSELS: Britain and the European Union are still a long way from a post-Brexit trade deal, several European ...

Updated 26 Oct, 2020 04:11am

Commodities

Bumper melon harvest sweetens Uzbekistan’s pandemic woes

VAZIR, (Uzbekistan): In the giant shed of Uzbek farmer Sanat Kalandarov, a bountiful melon harvest hangs suspended...

Published 26 Oct, 2020 02:52am

Malaysia’s king rejects emergency rule

KUALA LUMPUR: Malaysia's King Al-Sultan Abdullah rejected on Sunday a request by Prime Minister Muhyiddin Yassin for...

Updated 26 Oct, 2020 04:02am

Energy

Brazil soars to China’s No. 3 crude oil supplier

BEIJING/SINGAPORE: Brazil jumped to China’s third-biggest crude oil supplier in September, import data showed on...

Published 26 Oct, 2020 02:52am

KFC to create 5,400 jobs in UK, Ireland

LONDON: US fast-food chain Kentucky Fried Chicken said Friday it will create 5,400 jobs in Britain and Ireland on...

Updated 26 Oct, 2020 04:11am

Energy

Turkey extends research vessel mission for gas hunt

ISTANBUL: Turkey has extended once again a research ship’s search for gas in contested waters of the eastern...

Published 26 Oct, 2020 02:52am

Commodities

Pakistani products displayed at Agricultural Hi-Tech Fair in Yangling

BEIJING: Pakistan products were displayed at the Shanghai Cooperation Organization Agricultural Exhibition (SCO Life...

Published 26 Oct, 2020 02:52am

Cutlery export increases 17.68pc in 3 months

ISLAMABAD: The cutlery exports from the country witnessed an increase of 17.68 percent during the first three months...

Updated 26 Oct, 2020 04:11am

Exchange

Trade and Investment Forum 2020: Pakistan, Afghanistan set to find new avenues of cooperation

ISLAMABAD: Pakistan and Afghanistan are all set to find new avenues of investment and trade cooperation at a two-day...

Updated 26 Oct, 2020 04:11am

AAJ PROGRAM SCHEDULE

Monday, October 26, 2020 TIMING PROGRAM TITLE 06:00 NEWS HOUR 06:25 HEADLINE NEWS 06:30 NEWS HOUR 06:55 HEADLINE...

Published 26 Oct, 2020 02:52am

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...

Published 26 Oct, 2020 02:52am

Currency

Your rupee last week

KARACHI: Following currency fluctuations took place in foreign exchange rates during the last week. (October 19 to...

Published 26 Oct, 2020 02:52am

Exchange

Yuan will fluctuate around reasonably balanced level

BEIJING: The Chinese yuan will still fluctuate around a reasonably balanced level, an official at China’s foreign...

Published 26 Oct, 2020 02:52am

Key Al-Qaeda leader killed in Afghanistan

KABUL: Afghan forces have killed a top Al-Qaeda militant wanted by the United States, as the government on Sunday...

Updated 26 Oct, 2020 04:05am

Shortfall of industrial sector: PD directed not to curtail domestic sector gas

ISLAMABAD: The Cabinet Committee on Energy (CCoE) has directed Petroleum Division not to curtail gas from domestic...

Updated 26 Oct, 2020 04:06am

Textile, cement and chemical: Hold in coal imports handling catalyses delay in production

ISLAMABAD: Up to 10 days’ hold in handling coal imports at the country’s only bulk dirty cargo terminal at the...

Updated 26 Oct, 2020 04:06am

Letters

PBC demands resignations

This is apropos a Business Recorder news item “Bar council demands resignations of President, others” carried by...

Published 26 Oct, 2020 02:52am

FATF should recognise Pakistan’s effort

In my August 15 analysis that appeared in Business Recorder “FATF: Keep your fingers crossed”, this writer said...

Published 26 Oct, 2020 02:52am

The mask slips

The advertisement is taken off. It is condemned. It is socially boycotted. It caused outrage. It died within a day....

Published 26 Oct, 2020 02:52am

Govt’s approach to Opposition

This is the second of a two part series of articles focusing on the Prime Minister’s strategy to deal with the...

Published 26 Oct, 2020 02:52am

Sugar cartels

EDITORIAL: Who’s even surprised that an investigation by the Competition Commission of Pakistan (CCP) has found...

Updated 28 Oct, 2020 11:27am

Exchange

‘Great news for Pakistan’

EDITORIAL: Prime Minister Imran Khan used twitter to declare “great news for Pakistan” claiming that “we are...

Published 26 Oct, 2020 02:52am

Commodities

Prices of essential items surge

PESHAWAR: Prices of important kitchen items, including chicken meat, eggs, vegetable, sugar, pulses and others have...

Published 26 Oct, 2020 02:52am

Commodities

Adil Mehmood elaborates steps to boost industrialisation

LAHORE: Increasing price of the land owing to mushroom growth of housing societies has been hampering...

Published 26 Oct, 2020 02:52am

Taxes

Memon says committed to resolve issues of business community

HYDERABAD: Chief Commissioner Income Tax (Inland Revenue) Tauqeer Ahmed Memon said that he is a citizen of Hyderabad...

Published 26 Oct, 2020 02:52am

Cotton & Textile

Weekly Cotton Review: Fluctuation of rates observed

KARACHI: Fluctuation was seen in the rate of cotton. Bearish trend was seen in the rate of Khal and Banola. Majority...

Published 26 Oct, 2020 02:52am

Currency

Latam FX weighed down in near-term on fiscal doubts, US politics

BUENOS AIRES: Latin American currencies are set to remain weighed down this quarter by continuing fears about...

Published 26 Oct, 2020 02:52am

Stocks

Saudi index sees biggest fall since May

• Most Gulf markets in retreat DUBAI: Saudi Arabian shares fell sharply on Sunday in a broad sell-off, while a...

Updated 26 Oct, 2020 04:15am

Stocks

Tokyo Stock Exchange plans new protocols

TOKYO: The Tokyo Stock Exchange said on Monday it will draw up new rules by next March on how to restart trading...

Updated 26 Oct, 2020 04:15am

Currency

Is PayPal’s crypto move a game-changer for bitcoin? Probably not, say experts

LONDON: PayPal Holdings Inc’s decision to open its network to bitcoin and its rivals was hailed by virtual coin...

Published 26 Oct, 2020 02:52am

Industry

Amazon wins arbitration order against Future’s deal with Reliance

NEW DELHI/MUMBAI: A Singapore arbitration panel has put on hold Future Group’s $3.38 billion asset sale to ...

Updated 26 Oct, 2020 04:11am

Currency

Czech crown seen leading gains

WARSAW: The Czech crown looks set to lead the charge as central and eastern European currencies bounce back over the...

Published 26 Oct, 2020 02:52am

Industry

Japan’s ANA to cut 3,500 jobs in 3 years

TOKYO: ANA Holdings Inc plans to cut about 3,500 jobs in three years as Japan’s largest airline operator braces ...

Updated 26 Oct, 2020 04:11am

Industry

Airlines suffering from business class blues in age of Covid

NEW YORK: The Covid-19 pandemic has ushered in the era of video meetings. But can Zoom really replace in-person...

Updated 26 Oct, 2020 04:11am

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

Markets →

Budget 2024-25: income tax calculator for FY25

Most Popular