News Archives for Print - 2020-12-14

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Print - 2020-12-14

People of Lahore show confidence on PM's leadership: Firdous

LAHORE: Special Assistant to Punjab Chief Minister on Information Dr Firdous Ashiq Awan has said that Lahorites in...

Updated 14 Dec, 2020 03:53am

Rates.BR Index

PSX remains positive: BRIndex100 gains 51.54 points

KARACHI: Sentiments at Pakistan Stock Exchange (PSX) were remained positive during the last week ended Dec 11....

Published 14 Dec, 2020 02:49am

Rates.BR Index

Futures spread rises by 470bps

KARACHI: The futures spread rose by 470 bps to 12.14 percent during the last week ended Dec 11. Trading activities...

Published 14 Dec, 2020 02:49am

Occupying Afghanistan: Lahorities supported British: Achakzai

LAHORE: Pakhtunkhwa Milli Awami Party Chairman Mehmood Khan Achakzai has accused Lahorities of supporting the ...

Updated 14 Dec, 2020 03:55am

Letters

Circular debt or state subsidy on power?

Substantial sharing subsidy on power by the Provincial Governments has been pleaded by Shabbar Zaidi in his article...

Published 14 Dec, 2020 02:49am

Farm sector reforms

Indian farmers' protests against three new farm laws approved by parliament in September 2020 have generated...

Published 14 Dec, 2020 02:49am

The real trials begin

The great day arrives. Vaccines are approved. Rollout starts as we write. A big sigh of relief. A ray of hope. All...

Published 14 Dec, 2020 02:49am

Why are Indian farmers protesting, and what can Modi do?

As an army of resolute Indian farmers keeps up its blockade of New Delhi, Prime Minister Narendra Modi faces...

Published 14 Dec, 2020 02:49am

WWF: A direct tax on income in the guise of labour levy

In an earlier article on this subject I had focused on the subject of validity of the instructions issued by the...

Published 14 Dec, 2020 02:49am

Vodafone towers spinoff Vantage eyes growth, open to bigger deals

BERLIN: The telecoms infrastructure business spun out by Britain's Vodafone is ready to join the dealmaking fray in...

Published 14 Dec, 2020 02:49am

Energy

Jordan finds 'promising' gas finds near Iraq border

AMMAN: Jordan's majority state-owned National Petroleum Company (NPC) has discovered "promising" new quantities of...

Published 14 Dec, 2020 02:49am

Workers riot at India iPhone factory over 'exploitation' claims

BANGALORE: Authorities vowed to crack down on workers who went on a violent rampage at a Taiwanese-run iPhone ...

Published 14 Dec, 2020 02:49am

South Asia

India farmers intensify protests as deadlock over new laws continue

MUMBAI/NEW DELHI: Tens of thousands of Indian farmers on Sunday intensified their protests against three new...

Updated 14 Dec, 2020 03:25am

US launches virus vaccine shipments as world virus deaths top 1.6 million

WASHINGTON: The Pfizer-BioNTech Covid-19 vaccine was to begin leaving the company's Michigan factory on Sunday, ...

Updated 14 Dec, 2020 03:23am

Asia

Malaysia coast guard makes record $26 million meth seizure

KUALA LUMPUR: Malaysia's coastguard has made its largest ever seizure of methamphetamine, a top official said on...

Published 14 Dec, 2020 02:49am

China

China moon probe begins journey back to Earth

SHANGHAI: A Chinese spacecraft carrying rocks and soil from the moon has begun its journey back to Earth, the...

Published 14 Dec, 2020 02:49am

Iran summons German, French envoys

TEHRAN: Iran's foreign ministry Sunday summoned Germany and France's envoys to protest EU condemnation of the...

Published 14 Dec, 2020 02:49am

South Asia

Scores of Taliban killed in fighting with forces

KANDAHAR: Dozens of Taliban fighters were killed in fierce overnight fighting between Afghan forces and militants ...

Published 14 Dec, 2020 02:49am

Africa

Sudan PM says agrees regional meeting on Ethiopia conflict

KHARTOUM: Sudan's premier said Sunday he had agreed with his counterpart in Addis Ababa to hold an urgent meeting of...

Published 14 Dec, 2020 02:49am

Europe

Fresh protest in Poland over abortion ruling

WARSAW: Thousands of people turned out in Warsaw Sunday for the latest protest against a court decision restricting...

Updated 14 Dec, 2020 03:24am

After fires, Australia gets ready for floods

SYDNEY: Just days after bushfires threatened an Australian World Heritage site, thousands were bracing for floods on...

Published 14 Dec, 2020 02:49am

Stocks

Wall Street week ahead: Georgia Senate elections threaten pillar of market rally

NEW YORK: Investors are looking ahead to dual US Senate runoffs in Georgia early next month, a potential threat to a...

Published 14 Dec, 2020 02:49am

Stocks

Major Gulf markets little changed; Dubai ends winning streak

DUBAI: Major stock markets in the Gulf were little changed on Sunday in the absence of new catalysts to encourage...

Published 14 Dec, 2020 02:49am

Al-Saghir Super Hockey League starts at Siddique Memon Sports Complex

KARACHI: Al-Saghir Seven A Side Super Hockey League Siddique Memon Sports Complex Gulistan Scouts Center...

Updated 14 Dec, 2020 03:12am

Seven Christmas Bazaars to be established in Faisalabad

FAISALABAD: On the directions of CM Punjab Sardar Usman Buzdar, as many as seven Christmas Bazaars would be...

Updated 14 Dec, 2020 04:02am

Siraj holds PTI, PDM responsible for plight of people

LAHORE: Holding both the PTI and the PDM responsible for the plight of the public, Jamaat-e-Islami Emir Senator...

Updated 14 Dec, 2020 03:54am

Cotton & Textile

Weekly Cotton Review: Rate remains stable

KARACHI: The rate of cotton remained stable. According to the USDA report there is an increase of 45% in the exports...

Published 14 Dec, 2020 02:49am

Gorano Dam site Victims: 505 families to receive Rs100,000 annually for 30 years

KARACHI: Sindh Government will pay one hundred thousand rupees per annum upto 30 years as compensation to 505...

Published 14 Dec, 2020 02:49am

Sindh sees 1,343 new cases of Covid-19

KARACHI: Sindh has witnessed 1343 new cases of Covid-19 out of 10270 tests conducted while nine more patients of...

Published 14 Dec, 2020 02:49am

Sindh governor lauds efforts, initiatives of Chinese CG

KARACHI: The Governor Imran Ismail, lauded efforts and initiatives of Consulate General taken for Karachi, ...

Updated 14 Dec, 2020 03:54am

Maulana Tariq Jameel tests positive for Covid-19

LAHORE: Renowned religious scholar and leader of Tableeghi Jammat Maulana Tariq Jameel has tested positive for the...

Updated 14 Dec, 2020 03:55am

Criminal's gang busted in Capital

ISLAMABAD: Islamabad Aabpara police has arrested four persons of a criminal's gang involved in incident of dacoity...

Updated 14 Dec, 2020 04:00am

KPT to convert Port House into visiting dignitaries house: Zaidi

ISLAMABAD: In pursuance of Prime Minister Imran Khan austerity drive, Karachi Port Trust (KPT) is converting the...

Updated 14 Dec, 2020 03:57am

MBBS, BDS annual examination: KMU announces revised schedule

PESHAWAR: Khyber Medical University (KMU) Peshawar has announced revised schedule for MBBS and BDS 1st, 2nd, 3rd,...

Updated 14 Dec, 2020 03:59am

Grains

Sharp increase in prices of essential food items

PESHAWAR: A steep increase in prices of essential food commodities, including vegetable, chicken meat, farm eggs,...

Published 14 Dec, 2020 02:49am

Unbothered by PDM rally: PM spends time with his dogs

ISLAMABAD: Prime Minister (PM) Imran Khan spent time with his pet dogs in Bani Gala on Sunday, while the Pakistan...

Published 14 Dec, 2020 02:49am

Yarn Prices

Faisalabad yarn and fibre prices

FAISALABAD: Cotton yarn rates in rupees per 10 Lbs

Updated 14 Dec, 2020 03:12am

The Weather

KARACHI: The weather report on Sunday (November 13, 2020) and the forecast for Monday (November 14, 2020)....

Published 14 Dec, 2020 02:49am

Rates.The Rupee

YOUR RUPEE LAST MONTH

KARACHI: Following currency fluctuations took place in foreign exchange rates during the last month. (November 2 to...

Published 14 Dec, 2020 02:49am

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 14 Dec, 2020 02:49am

Rates.The Rupee

Your rupee last week

KARACHI: Following currency fluctuations took place in foreign exchange rates during the last week. (December 7 to...

Published 14 Dec, 2020 02:49am

'Goods' and 'Services': FBR asked to revisit definitions

ISLAMABAD: In a major development on harmonization of sales tax between federation and provinces, the National Tax...

Updated 14 Dec, 2020 03:18am

PDM steps up pressure on govt through Lahore rally

LAHORE: The leadership of the Pakistan Democratic Movement (PDM) while concluding their 'decisive' power show at...

Updated 14 Dec, 2020 03:19am

PM rules out NRO again

ISLAMABAD: Prime Minister Imran Khan Sunday once again categorically reiterated that he would not give an NRO to any...

Updated 14 Dec, 2020 03:19am

Industry

PHMA for solution of skilled labour shortage

SIALKOT: Pakistan has been one of the major textile producing and exporting country for over five decades. By now, ...

Published 14 Dec, 2020 02:49am

Money & Banking

Fed may convey optimism on US economy despite stimulus deadlock

WASHINGTON: After a year in which the Federal Reserve pushed out unprecedented lending to support the economy while...

Published 14 Dec, 2020 02:49am

New regime for stock brokers on the cards

ISLAMABAD: The Federal Government has reportedly decided to start a new regime for stock brokers, under which all...

Updated 14 Dec, 2020 03:20am

25 injured in Rawalpindi blast

RAWALPINDI: At least 25 people were injured in an explosion on Sunday near Rawalpindi's Ganj Mandi Police Station....

Updated 14 Dec, 2020 03:22am

Cold storages to be set up under forthcoming STPF: Dawood

ISLAMABAD: Adviser to the Prime Minister on Commerce and Investment Abdul Razak Dawood on Sunday said the government...

Updated 14 Dec, 2020 03:21am

Four stabbed and one shot after pro-Trump rallies

WASHINGTON: Four people were stabbed and one shot as rallies backing President Donald Trump's baseless claims of...

Updated 14 Dec, 2020 03:21am

Relief to poor: Sugar price cut clear depiction of Imran's commitment: Faraz

ISLAMABAD: Minister for Information and Broadcasting Shibli Faraz said that government is determined to bring all...

Updated 14 Dec, 2020 03:13am

Israel establishes diplomatic relations with Bhutan

OCCUPIED JERUSALEM: Israel established diplomatic relations with the Himalayan kingdom of Bhutan on Saturday, the...

Updated 14 Dec, 2020 03:13am

RLNG price debate going nowhere

EDITORIAL: Ironically, some sections of media and the Ministry of Petroleum are playing ping-pong on the RLNG ...

Published 14 Dec, 2020 02:49am

India's fake propaganda network

EDITORIAL: In its report titled "Indian Chronicles" EU DisinfoLab, an independent non-profit organization, focused ...

Published 14 Dec, 2020 02:49am

UK and EU extend Brexit talks after ditching deadline

BRUSSELS: The European Union and Britain ordered their negotiators back to work Sunday after agreeing to abandon a...

Updated 14 Dec, 2020 03:14am

Real Estate

Dubai's Emaar appoints new chairman

DUBAI: Dubai's largest listed developer Emaar Properties has named Mohamed Alabbar, founder of the company and...

Published 14 Dec, 2020 02:49am

Industry

China's Moly buys 95 percent of DRC copper-cobalt mine

SHANGHAI: China Molybdenum Co said on Sunday it had acquired a 95% stake in the Kisanfu copper-cobalt mine in the...

Published 14 Dec, 2020 02:49am

Money & Banking

Dollar weakening expected to last into 2021 as risky bets remain

BENGALURU: The dollar's weakening is likely to last at least another six months as investors continue to shift to...

Published 14 Dec, 2020 02:49am

Money & Banking

Bullish bets on Asian FX hit multi-year highs as 2021 outlook brightens

• Bullish position on Chinese yuan biggest since January 2014 SINGAPORE: Bullish bets on trade-sensitive Asian...

Published 14 Dec, 2020 02:49am

Money & Banking

Bond yields to stay put despite soaring global debt

BENGALURU: Major sovereign bond yields, guided by central banks, will stay low despite soaring global debt levels ...

Published 14 Dec, 2020 02:49am

Money & Banking

Switzerland to meet US criteria for currency manipulator label

ZURICH: Switzerland will likely meet the criteria for the country to be identified as a currency manipulator by the...

Published 14 Dec, 2020 02:49am

Money & Banking

Sterling in for bumpy December before gaining in 2021

LONDON: Sterling could be in for a bumpy December as Britain's informal membership of the European Union expires at...

Published 14 Dec, 2020 02:49am

Money & Banking

Criminals getting smarter in use of digital currencies to launder money

LONDON: Criminals are becoming more sophisticated in their use of cryptocurrencies to launder money, with hundreds ...

Published 14 Dec, 2020 02:49am

Money & Banking

Nigeria central bank sold dollars on forward market above 400 naira

ABUJA: Nigeria's central bank sold dollars on the forward market above 400 naira to foreign investors for 150-day...

Published 14 Dec, 2020 02:49am

BOP, PMRC sign deal for affordable housing finance

Money & Banking

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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