News Archives for Print - 2020-11-23

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Print - 2020-11-23

Biden to name first Cabinet picks on Tuesday

WASHINGTON: US President-elect Joe Biden will announce the first of his Cabinet appointments on Tuesday and is...

Updated 23 Nov, 2020 04:18am

Master Paints wins Lt-Gen Shah Rafi Alam Memorial Polo Cup

LAHORE: Master Paints clinched the Lt-Gen Shah Rafi Alam Memorial Polo Cup after beating Diamond Paints/FG Polo by...

Updated 23 Nov, 2020 03:49am

Indian shelling injures 11 civilians at wedding

KARACHI: At least 11 people, including four children, were injured in Azad Jammu and Kashmir's Kotli district on...

Published 23 Nov, 2020 02:52am

Currency

‘India most unsafe country for minorities’

LAHORE: Pakistan Tehreek-e-Insaf (PTI) Deputy Secretary Information Central Punjab Rana Akhtar Hussain has said that...

Updated 23 Nov, 2020 04:15am

Chohan’s advice to Nawaz

KARACHI: Punjab Minister for Prisons Fayyaz ul Hassan Chohan advised Nawaz Sharif to come back with his mother’s...

Updated 23 Nov, 2020 04:14am

Covid-19 crisis: ECOSOC chief for urgency in developing conflict-sensitive responses

UNITED NATIONS: A virtual joint meeting of the UN Economic and Social Council and the Peace-building Commission has...

Updated 23 Nov, 2020 04:14am

PDM using different tactics to get NRO: Murad

ISLAMABAD: Federal Minister for Communications and Postal Services Murad Saeed on Sunday said the Pakistan ...

Updated 23 Nov, 2020 04:13am

AJK PM denounces fresh unprovoked Indian firing at LoC

MIRPUR (AJK): Azad Jammu and Kashmir Prime Minister Raja Muhammad Farooq Haider Khan Sunday strongly denounced fresh...

Updated 23 Nov, 2020 04:16am

PDM rally’s boycott: KP people show political wisdom: Faraz

ISLAMABAD: The Federal Minister for Information and Broadcasting Shibli Faraz on Sunday said that the lack of...

Updated 23 Nov, 2020 04:16am

Pakistan Navy ship visits Jordan’s Port of Aqaba

ISLAMABAD: Pakistan Navy Ship ZULFIQUAR (with embarked helicopter) visited the Port of Aqaba, Jordan, as part of...

Updated 23 Nov, 2020 04:18am

Railway track blown-up in Bolan

QUETTA: Unknown men blew up a railway track near Mach area of Bolan district on Sunday which was suspended train...

Updated 23 Nov, 2020 04:17am

Maryam advises Nawaz to stay in London

ISLAMABAD: Former prime Nawaz Sharif may not be able to accompany his mother’s body to Pakistan as his daughter...

Updated 23 Nov, 2020 04:16am

Anti-encroachment drive: ‘Incompetent’ rulers shifting problems from one place to other: Kamal

KARACHI: Pak Sarzameen Party (PSP) chairman Syed Mustafa Kamal on Sunday said ongoing operation against ...

Published 23 Nov, 2020 02:52am

Paediatric cardiology ward: NICVD signs MoU for renovation, equipping

KARACHI: The National Institute of Cardiovascular Diseases (NICVD) has signed a Memorandum of Understanding (MoU)...

Published 23 Nov, 2020 02:52am

Sindh posts 1,102 new Covid-19 cases

KARACHI: Sindh Chief Minister Syed Murad Ali Shah has said 13 more patients of Covid-19 died overnight lifting the...

Published 23 Nov, 2020 02:52am

Kyrgyz protest over proposed constitution empowering president

BISHKEK: Hundreds took to the streets in Kyrgyzstan Sunday to protest a proposed constitution that critics say would...

Published 23 Nov, 2020 02:52am

Syria appoints Faisal Mekdad as foreign minister

AMMAN: Syria named veteran diplomat Faisal Mekdad as foreign minister on Sunday to replace Walid Moalem, who died...

Published 23 Nov, 2020 02:52am

Ethiopia PM issues 72-hour ultimatum to region’s leaders

ADDIS ABABA: Ethiopia’s Prime Minister Abiy Ahmed on Sunday gave the leaders of a dissident northern region 72...

Published 23 Nov, 2020 02:52am

14 pro-Iran fighters in Syria killed in airstrikes

BEIRUT: At least 14 pro-Iran militia fighters from Iraq and Afghanistan were killed in air strikes in war-torn...

Published 23 Nov, 2020 02:52am

American killed by Burkina Faso security forces

OUAGADOUGOU: An American citizen was killed by Burkina Faso security forces outside a military base in the capital...

Published 23 Nov, 2020 02:52am

Coons says hopes for bipartisan US policy to ‘out-compete’ China

WASHINGTON: US Democratic Senator Chris Coons, seen as a contender for secretary of state in the incoming Biden...

Published 23 Nov, 2020 02:52am

Gunmen kill five in mosque attack in Nigeria

KANO, (Nigeria):- Gunmen have killed five worshippers and kidnapped 18 in an attack on a mosque during prayers in...

Published 23 Nov, 2020 02:52am

Trump hit with new blow in bid to overturn vote results

WASHINGTON: A Pennsylvania judge on Saturday threw out Donald Trump’s claims of widespread electoral fraud there,...

Published 23 Nov, 2020 02:52am

Spain to send more police to Senegal to curb illegal migration

DAKAR: Spain will increase its police presence in Senegal to tackle criminal networks behind an upsurge in illegal...

Published 23 Nov, 2020 02:52am

US hopes to start virus vaccines in December as pandemic surges

WASHINGTON: The United States hopes to begin coronavirus vaccinations in early December, a top government health...

Published 23 Nov, 2020 02:52am

Iraq says Iran, Turkey and Saudi Arabia interested in its barley

BAGHDAD: Iraq’s agriculture minister said Iran, Saudi Arabia and Turkey had expressed interested in buying its...

Published 23 Nov, 2020 02:52am

US retailer Guitar Center files for bankruptcy

NEW YORK: Guitar Center Inc, the largest US retailer of music instruments and equipment, filed for Chapter 11...

Published 23 Nov, 2020 02:52am

‘Britain wants to agree an EU free-trade deal’

LONDON: Britain wants to strike a free-trade deal with the European Union, but the short-term impact of not doing so...

Published 23 Nov, 2020 02:52am

No return to austerity in new spending plan: UK’s Sunak

LONDON: British finance minister Rishi Sunak said there would be no return to austerity in a spending plan he will...

Published 23 Nov, 2020 02:52am

CM inaugurates ‘Insaf Medicine Card’

LAHORE: Inaugurating the ‘Insaf Medicine Card,’ Chief Minister Sardar Usman Buzdar said on Sunday that the...

Published 23 Nov, 2020 02:52am

APNS condoles

KARACHI: Hameed Haroon, President, Sarmad Ali, Secretary General, All Pakistan Newspapers Society on behalf of the...

Published 23 Nov, 2020 02:52am

Punjab reports 22 Covid-19 deaths in 24 hours

LAHORE: The mortality rate due to Covid-19 is witnessing an increase, as Punjab has reported 22 fatalities from the...

Published 23 Nov, 2020 02:52am

Pakistan’s future is in safe hands: governor

LAHORE: Terming inflation, eradication of corruption and achieving the goal of good governance as the main ...

Published 23 Nov, 2020 02:52am

Constitution clear about rights of every citizen: Ashrafi

LAHORE: Special Assistant to Prime Minister on Interfaith Harmony and Middle East Hafiz Muhammad Tahir Mehmood...

Published 23 Nov, 2020 02:52am

The Weather

KARACHI: The weather report on Sunday (November 22, 2020) and the forecast for Monday (November 23, 2020)....

Published 23 Nov, 2020 02:52am

US exits ‘Open Skies’ defence treaty

WASHINGTON: The US said it formally left the Open Skies defence treaty on Sunday, one of several international...

Updated 23 Nov, 2020 03:41am

PM forms body as govt struggles to find NHP solution

ISLAMABAD: Prime Minister Imran Khan has constituted a 14-member inter-provincial committee of financial and...

Published 23 Nov, 2020 02:52am

Rates.BR Index

Futures spread increased by 504bps

KARACHI: The futures spread increased by 504bps to 8.34 percent on the last day of outgoing week. Trading ...

Published 23 Nov, 2020 02:52am

Mutual Funds

PSX remains under pressure: BRIndex100 loses 24.56 points

KARACHI: Pakistan Stock Exchange remained under pressure during the outgoing week ended on Nov 20, due to selling by...

Published 23 Nov, 2020 02:52am

Manufacturing of SIM, smart cards: Hamad-led body formed to finalise suggestions

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has constituted committee under the chairmanship...

Updated 23 Nov, 2020 03:42am

G20 leaders pledge fair distribution of coronavirus vaccine

RIYADH: G20 leaders said Sunday they will "spare no effort" to ensure the fair distribution of coronavirus vaccines...

Updated 23 Nov, 2020 03:40am

PDM endangering lives, livelihoods: PM

ISLAMABAD: Prime Minister Imran Khan on Sunday came down hard on the leadership of Pakistan Democratic Alliance ...

Updated 23 Nov, 2020 03:36am

PDM ‘violates’ ban, steps up pressure on govt

PESHAWAR: Amid stringent security arrangements, the Opposition’s Pakistan Democratic Movement (PDM) organised its...

Updated 23 Nov, 2020 03:38am

Exchange

Soldier martyred, four terrorists killed in NW operation

ISLAMABAD: One soldier embraced martyrdom, while four terrorists were killed during an Intelligence Based Operations...

Updated 23 Nov, 2020 03:39am

Country records highest death toll in 4 months

ISLAMABAD: Amid Covid-19 spike in the country, Pakistan has reported 59 deaths on Sunday, the highest daily toll in...

Updated 23 Nov, 2020 03:50am

China to launch moon probe

BEIJING: China plans to launch an unmanned spacecraft to the moon this week to bring back lunar rocks in the first...

Updated 23 Nov, 2020 03:52am

Removal of FAT chief for Benami Transactions: IHC issues notices to PM’s office, ED, law ministry

ISLAMABAD: Islamabad High Court has issued notices to the office of Prime Minister of Pakistan, Establishment...

Updated 23 Nov, 2020 03:54am

Mother of Nawaz, Shehbaz dies in London

ISLAMABAD: Former Prime Minister Nawaz Sharif and Pakistan Muslim League-Nawaz (PML-N) president Shehbaz Sharif’s...

Updated 23 Nov, 2020 03:53am

Tax expert highlights flaws in Finance Act 2019

ISLAMABAD: International tax expert Dr Ikramul Haq has said that the Finance Act, 2019 has distorted the direct...

Updated 23 Nov, 2020 03:51am

Mazari deletes her anti-French president tweet

ISLAMABAD: After a clarification from French Ambassador to Pakistan on Sunday that the ‘ID numbers’ are not...

Updated 23 Nov, 2020 03:55am

More Pakistani movies, dramas to be screened in China: Haque

The Pakistani ambassador to Beijing says nearly a hundreds events are planned in the coming year to celebrate 70 years of relations between the two countries.

Updated 23 Nov, 2020 09:23am

Commodities

Upward trend witnessed in prices of kitchen items

PESHAWAR: Upward trend in prices of essential kitchen items, including live chicken/meat, farm eggs, sugar, flour,...

Published 23 Nov, 2020 02:52am

Energy

KE, Nepra host joint consultative session for DISCOs

KARACHI: K-Electric (KE) and the National Electric Power Regulatory Authority (NEPRA) organised a joint session ...

Published 23 Nov, 2020 02:52am

Cotton & Textile

Weekly Cotton Report: Cautious buying observed, rates increased

KARACHI: The rate of cotton increased by Rs 200 to Rs 300 per maund under the influence of bullish trend in the...

Published 23 Nov, 2020 02:52am

Stocks

Berkshire’s bet a bright spot in gloomy year for Big Pharma stocks

NEW YORK: Berkshire Hathaway Inc’s new bet on the US pharmaceutical industry signals hope for shares of large ...

Published 23 Nov, 2020 02:52am

Currency

African currencies week ahead: Nigeria’s naira, Kenya’s shilling to weaken

NAIROBI: Nigeria’s naira and the Kenyan shilling are expected to lose value against the dollar in the week ahead ...

Published 23 Nov, 2020 02:52am

Stocks

Qatar leads most Gulf markets higher; Egypt falls

DUBAI: Most stock markets in the Middle East ended higher on Sunday, with Qatar’s index leading the gains on a ...

Published 23 Nov, 2020 02:52am

Money & Banking

Europe’s green govt bond issuance reached almost 11bn euros in Q3

LONDON: European green government bond issuance reached almost 11 billion euros in the third quarter, marking its...

Published 23 Nov, 2020 02:52am

Currency

China set to join sub-zero bond club

BEIJING/LONDON: China was set to sell its first negative-yielding government bond on Wednesday, becoming the latest...

Published 23 Nov, 2020 02:52am

Currency

Another bitcoin bubble? This time it’s different, backers hope

LONDON: With bitcoin surging to the cusp of its 2017 all-time high, backers are hoping fewer frenzied retail...

Published 23 Nov, 2020 02:52am

Currency

Japan Inc to begin experiments issuing digital yen

TOKYO: More than 30 major Japanese firms will begin experiments next year towards issuing a common, private digital...

Published 23 Nov, 2020 02:52am

Stocks

Investors rush to buy equities, dump gold in vaccine euphoria

LONDON: Investors stormed into riskier assets last week, pumping $27 billion into equity funds as positive Covid-19...

Published 23 Nov, 2020 02:52am

Currency

Uzbekistan launches debut local-currency bond abroad

ALMATY: Uzbekistan launched a dual-tranche Eurobond on Thursday worth about $750 million which included a tranche...

Published 23 Nov, 2020 02:52am

Stocks

Russian e-retailer Ozon eyes nearly $1bn in US IPO

MOSCOW: Russian online retailer Ozon is looking to raise nearly $1.0 billion in a US initial public offering (IPO),...

Published 23 Nov, 2020 02:52am

Stocks

Wall Street week ahead: Gap between vaccine hopes and pandemic reality poses market hazard

NEW YORK: As winter approaches, US equity investors are weighing brightening prospects for a Covid-19 vaccine ...

Published 23 Nov, 2020 02:52am

Energy

Algerian gas exports to drop by 4.7pc

ALGIERS: Algeria’s gas exports this year are expected to drop by 4.7%, energy minister Abdelmadjid Attar told...

Published 23 Nov, 2020 02:52am

Energy

Abu Dhabi approves ADNOC $122bn capex for 2021-2025

DUBAI: Abu Dhabi’s Supreme Petroleum Council (SPC) approved on Sunday capital expenditure for Abu Dhabi National...

Published 23 Nov, 2020 02:52am

Money & Banking

IMF calls for expansion of debt relief beyond world’s poorest countries

WASHINGTON: The head of the International Monetary Fund on Sunday called for prompt and effective implementation of ...

Published 23 Nov, 2020 02:52am

Germany plans for $190bn in new debt in 2021

BERLIN: German Finance Minister Olaf Scholz plans to take on at least 160 billion euros ($190 billion) in new debt ...

Updated 23 Nov, 2020 03:58am

Energy

China’s new coal plants risk 2060 climate target: researchers

BEIJING: China must stop building new coal power plants and ramp up its wind and solar capacity if it wants to ...

Published 23 Nov, 2020 02:52am

Taxes

Saudi Arabia will not reconsider VAT increase: minister

RIYADH: Saudi Arabia’s finance minister said on Sunday that a decision to triple value-added tax to 15% would not...

Published 23 Nov, 2020 02:52am

Letters

Peace in Afghanistan in sight

The talks between the Afghan government and the Taliban are said to be close to breaking the deadlock. This is ...

Published 23 Nov, 2020 02:52am

In US, booming real estate market highlights rich-poor divide

The US real estate market is booming even as the coronavirus crisis intensifies, and the seemingly insatiable...

Published 23 Nov, 2020 02:52am

Voice of the vote

Rigged. Stolen. Cheated. Conspired. Pre and post-election such adjectives are common, by losers. From the remote...

Published 23 Nov, 2020 02:52am

Inflation and its components

The Sensitive Price Index (SPI), comprising 51 essential items, collected from 17 markets in the country, recorded a...

Published 23 Nov, 2020 02:52am

Too much government in social media?

EDITORIAL: The government was only fooling itself if it really thought that its new social media rules would be...

Published 23 Nov, 2020 02:52am

Institutional investment disallowed: overdue step

EDITORIAL: The federal government has decided to ban institutional investment in national savings schemes (NSS)...

Published 23 Nov, 2020 02:52am

AAJ PROGRAM SCHEDULE

Monday, November 23, 2020 TIMING PROGRAM TITLE 06:00 NEWS HOUR 06:25 HEADLINE NEWS 06:30 NEWS HOUR 06:55 HEADLINE...

Published 23 Nov, 2020 02:52am

Industry

Domestic tractors manufacturing grows by 17.17pc in Q1

ISLAMABAD: Domestic tractors manufacturing during first quarter of current financial year have witnessed about 17.17...

Published 23 Nov, 2020 02:52am

Industry

Dubai developer Nakheel appoints new CEO

DUBAI: Dubai state developer Nakheel has appointed Naaman Atallah as its new chief executive, it said on Sunday,...

Published 23 Nov, 2020 02:52am

Industry

Switch to electric vehicles could ‘end oil era’: analysis

PARIS: Emerging markets switching from petrol and diesel engines to electric vehicles (EVs) could save $250 billion...

Published 23 Nov, 2020 02:52am

Industry

Blackstone seeks $5bn for second Asia buyout fund

NEW YORK: Blackstone Group Inc is seeking to raise at least $5 billion for its second private equity fund focused on...

Published 23 Nov, 2020 02:52am

Industry

Boeing 737 MAX jets undergo round-the-clock effort to clear inventory

MOSES LAKE, (Wash.): The future of Boeing Co’s freshly approved 737 MAX is in the hands of nearly 700 workers...

Published 23 Nov, 2020 02:52am

Industry

Delta hints at possibility of purchasing Boeing’s 737 MAX

NEW YORK: Delta Air Lines Chief Executive Ed Bastian hinted at the possibility of purchasing Boeing Co’s 737 MAX,...

Published 23 Nov, 2020 02:52am

Industry

Delta casts doubts on New York-London travel corridor

NEW YORK: Delta Air Lines Chief Executive Ed Bastian said the travel corridor between New York and London is...

Published 23 Nov, 2020 02:52am

Exchange

Govt institutions blamed for creating hurdles to exports

LAHORE: Carpet Training Institute Chairperson Pervez Hanif has blamed the government institutions for creating...

Published 23 Nov, 2020 02:52am

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

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