News Archives for Print - 2020-12-21

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Print - 2020-12-21

‘Powerful tradecraft’: how foreign cyber-spies compromised America

Speaking at a private dinner for tech security executives at the St. Regis Hotel in San Francisco in late February,...

Published 21 Dec, 2020 03:02am

Dubai’s Meraas plans buyout of theme park group DXB Entertainments

DUBAI: Dubai property company Meraas, which owns more than half of DXB Entertainments, intends to make a conditional...

Updated 21 Dec, 2020 03:14am

Turkey conducts exercises in eastern Mediterranean

ANKARA: Turkey has carried out naval exercises in the eastern Mediterranean, the defence ministry said Sunday,...

Updated 21 Dec, 2020 03:14am

Rockets hit near US embassy in Iraq as tensions flare

BAGHDAD: A volley of rockets exploded near the US embassy in Baghdad on Sunday, as tensions mount ahead of the...

Updated 21 Dec, 2020 03:14am

FF Steel, KP-Tevta sign MoU

PESHAWAR: Frontier Foundry Steel (FF Steel) has become partner with Khyber Pakhtunkhwa Technical Education and...

Published 21 Dec, 2020 02:47am

Karachiites perturbed by gas shortage, low pressure

KARACHI: Gas shortage and low pressure in several areas of Karachi on Sunday have irked masses and made cooking...

Published 21 Dec, 2020 02:47am

Frictions emerging within PML-N over Maryam’s threats of punishment

ISLAMABAD: Maryam Nawaz, drawing power from her father’s endorsement of her anti-establishment narrative, and...

Published 21 Dec, 2020 02:47am

Study hours: Parents demand cheap internet day packages

ISLAMABAD: Parents of the students taking online classes due to the closure of educational institutions amid the...

Published 21 Dec, 2020 02:47am

Descon marks its 43rd Founder’s Day

KARACHI: Keeping with its tradition, Descon marked its 43rd Founder’s Day to commemorate the success and legacy of...

Published 21 Dec, 2020 02:47am

Image building of Pakistan: Sportsmen rendered ‘invaluable services’ as compared to politicians: Firdous

LAHORE: Special Assistant to the Chief Minister Punjab on Information Dr Firdous Ashiq Awan has claimed that...

Published 21 Dec, 2020 02:47am

Sugar commission report: PBF urges depts to expedite progress in preview

LAHORE: Pakistan Businesses Forum (PBF) has urged the departments to expedite their progress in the preview of sugar...

Published 21 Dec, 2020 02:47am

Opposition will have to answer for its embezzlements, irregularities: Buzdar

LAHORE: Punjab Chief Minister Usman Buzdar has claimed that former rulers made development projects in the areas of...

Published 21 Dec, 2020 02:47am

Covid-19 claims 14 more lives in Sindh

KARACHI: Sindh Chief Minister Syed Murad Ali Shah has said that 14 more patients died overnight lifting the death...

Published 21 Dec, 2020 02:47am

Rain, snow expected in parts of KP, G-B

LAHORE: Cold and dry weather is expected in most parts of the country, while very cold in north Balochistan and ...

Published 21 Dec, 2020 02:47am

Govt fully believes in press freedom: Faraz

ISLAMABAD: Minister for Information and Broadcasting Senator Shibli Faraz Sunday said the government fully believed...

Published 21 Dec, 2020 02:47am

PR workers will never be used for politics: minister

LAHORE: Federal Minister for Railways Azam Khan Swati said the country is facing financial constraints and the...

Published 21 Dec, 2020 02:47am

Mandviwalla warns NAB chief of issuing production warrants

LAHORE: Senate Deputy Chairman Saleem Mandviwalla has vowed to issue production warrants for the National...

Published 21 Dec, 2020 02:47am

Deadly Fiji super cyclone sparks disease fears

SUVA, (Fiji): Disease threatens to worsen an already desperate situation in Fiji, an official warned Sunday, where...

Updated 21 Dec, 2020 11:00am

Biden introduces environment team to tackle ‘existential threat’

WASHINGTON: President-elect Joe Biden on Saturday introduced key members of his environmental team and said his...

Updated 21 Dec, 2020 11:00am

Eight dead in Philippine floods as thousands flee homes

MANILA: Nearly 10,000 people were evacuated from their homes in the northeastern Philippines as heavy rain across ...

Updated 21 Dec, 2020 10:59am

Taiwan sends ships, aircraft as Chinese carrier passes island

TAIPEI: Taiwan’s navy and air force were deployed on Sunday as a Chinese aircraft carrier group led by the...

Updated 21 Dec, 2020 10:58am

Putin hails Russia’s spies, visits intelligence HQ

MOSCOW: Russian President Vladimir Putin on Sunday hailed the country’s “courageous” spies as he visited the...

Updated 21 Dec, 2020 09:23am

Thousands in Belarus protest Lukashenko’s rule

MINSK: Thousands of protesters took to the streets of Belarus on Sunday as they sought to keep the pressure on...

Published 21 Dec, 2020 02:47am

Rare Christmas sales in Saudi Arabia

RIYADH: Christmas trees and glittery ornaments are for sale at a Saudi gift shop, a once unthinkable sight in the...

Published 21 Dec, 2020 02:47am

Five Nigeria soldiers killed, dozens of civilians kidnapped

KANO: Five Nigerian soldiers were killed by Islamic State-aligned jihadists and dozens of civilians were kidnapped ...

Updated 21 Dec, 2020 09:23am

Thailand to test 10,000 after virus outbreak linked to seafood market

BANGKOK: Thailand will test more than 10,000 people for coronavirus after an outbreak linked to its biggest seafood...

Updated 21 Dec, 2020 10:58am

Bosnia’s divided town of Mostar holds first local vote in 12 years

MOSTAR, (Bosnia): Citizens in Bosnia’s ethnically divided town of Mostar voted for their city councillors on ...

Published 21 Dec, 2020 02:47am

Britain, EU tell each other to give way in trade talks

LONDON: Britain insisted on Sunday that the European Union should budge to open the way to a new, post-Brexit trade...

Updated 21 Dec, 2020 10:57am

North Korea to redevelop flagship tourist resort

SEOUL: Pyongyang plans to redevelop its flagship Mount Kumgang tourist complex into an international resort, a year...

Updated 21 Dec, 2020 10:57am

Singapore gets shot in the arm from global drug demand

SINGAPORE: Scientists in protective clothing work in a high-tech laboratory at a pharmaceutical plant in Singapore,...

Updated 21 Dec, 2020 03:16am

US lawmakers near a vote on virus relief plan

WASHINGTON: US lawmakers appeared on track Sunday to pass a roughly $900 billion Covid-19 relief package for ...

Updated 21 Dec, 2020 03:16am

PhD scholars: HEC offers research fellowship abroad

ISLAMABAD: The Higher Education Commission (HEC) has offered a six months research fellowship abroad to full-time ...

Updated 21 Dec, 2020 03:16am

Railways resumes Karachi-Mirpurkhas destined Mehran Express

KARACHI: Pakistan Railways resumed the Hyderabad-Mirpurkhas destined Mehran Express on Sunday afternoon from City...

Updated 21 Dec, 2020 03:16am

Rs6m rice looted near Nooriabad

HYDERABAD: A truck trawler transporting a consignment of rice worth around Rs6 million was looted on the M9 Motorway...

Updated 21 Dec, 2020 03:16am

PARC to rebuild farming community in FATA

ISLAMABAD: PARC chairman Dr Muhammad Azeem Khan set up the project of Adaptive Research cum Demonstrative Institute...

Updated 21 Dec, 2020 03:16am

ARY Laguna, DHA Gujranwala sign MoU

KARACHI: Following the successful launch of ARY Laguna in Karachi, ARY and DHA bring you a modern real estate ...

Updated 21 Dec, 2020 03:16am

Maintenance of roads: Administrator for utilising resources

KARACHI: Administrator Karachi Laeeq Ahmed on Sunday directed Works and Services Department to utilise all the...

Updated 21 Dec, 2020 03:16am

Minister directs formulation of Pakistan Education Policy 2021

ISLAMABAD: Minister for Federal Education and Professional Training Shafqat Mahmood, has directed to formulate...

Updated 21 Dec, 2020 03:16am

The Weather

KARACHI: The weather report on Sunday (November 20, 2020) and the forecast for Monday (November 21, 2020)....

Updated 21 Dec, 2020 03:16am

Rates.BR Index

Futures spread declined

KARACHI: The futures spread declined by 61bps to 11.53 percent on the last day of outgoing week. Trading activities...

Updated 21 Dec, 2020 03:14am

Rates.BR Index

KSE-100 index surges: BRIndex100 gains 151.56 points

KARACHI: Pakistan Stock Exchange witnessed bullish trend during the outgoing week ended Dec 18, on the back of...

Published 21 Dec, 2020 02:47am

Punjab says centre or agencies not empowered to collect WWF

Rawalpindi: The Punjab government has categorically declared that the Federal government or its agencies including...

Published 21 Dec, 2020 02:47am

Indian diplomat summoned over ceasefire violations

ISLAMABAD: Foreign Office has summoned a senior Indian diplomat to register Pakistan’s strong protest over...

Published 21 Dec, 2020 02:47am

Pakistan approaches UNSC over UN vehicle attack

ISLAMABAD: Pakistan has taken up the reprehensible attack by India on the United Nations Military Observer Group in...

Published 21 Dec, 2020 02:47am

PM issues stern warning to India

ISLAMABAD: Prime Minister Imran Khan Sunday made it clear to the international community that if India was reckless...

Published 21 Dec, 2020 02:47am

Visa restrictions temporary due to Covid-19: UAE

ISLAMABAD: Foreign Minister of United Arab Emirates (UAE) Sheikh Abdullah bin Zayed Al Nahyan said Pakistan-UAE ...

Published 21 Dec, 2020 02:47am

80 die of Covid-19 across country

ISLAMABAD: The national tally of total active Covid-19 cases in Pakistan on Sunday reached 40,553 with 2,615 more...

Published 21 Dec, 2020 02:47am

European neighbours shut doors to UK

LONDON: Britain's European neighbours began closing their doors to travellers from the United Kingdom on Sunday amid...

Published 21 Dec, 2020 02:47am

Indonesian president inaugurates $3bn ‘strategic’ port

JAKARTA: Indonesian President Joko Widodo inaugurated the Patimban sea port in West Java on Sunday, saying the new...

Published 21 Dec, 2020 02:47am

NTDC-Chinese firm dispute may disrupt aid: Ministry

ISLAMABAD: Ministry of Foreign Affairs has reportedly cautioned the government that future Chinese assistance will ...

Published 21 Dec, 2020 02:47am

Nine dead as Kabul car bombing targets lawmaker

KABUL: A car bombing in Kabul targeting an Afghan lawmaker killed at least nine people, officials said. Lawmaker...

Published 21 Dec, 2020 02:47am

Nepal dissolves parliament after government infighting

KATHMANDU: Nepal will likely head to the polls next year after parliament was abruptly dissolved on Sunday, a move...

Published 21 Dec, 2020 02:47am

20 new oil, gas exploration blocks to be auctioned: SAPM

ISLAMABAD: Special Assistant to the Prime Minister (SAPM) on Petroleum Nadeem Babar has said that Pakistan would...

Published 21 Dec, 2020 02:47am

Banaspati ghee, cooking oil prices may shoot up

ISLAMABAD: The constant increase in global prices of palm oil and higher duties and taxes structure on import of...

Published 21 Dec, 2020 02:47am

Modi surprises with Sikh temple visit amid farm protests

MUMBAI: Indian Prime Minister Narendra Modi made an unscheduled visit to a Sikh temple in New Delhi on Sunday,...

Published 21 Dec, 2020 02:47am

PIA employees to be reduced from 500 to 250 per aircraft

ISLAMABAD: The government has reportedly prepared a plan to make the Pakistan International Airlines (PIA) a...

Published 21 Dec, 2020 02:47am

Cotton & Textile

Weekly Cotton Review: Rate increases in local market

KARACHI: Alarming decline of 2.8 million bales in the production of cotton. Under the influence of bullish trend in...

Published 21 Dec, 2020 02:47am

Price-hike, unemployment: ATP to hold country-wide protest demonstration

PESHAWAR: The Amun Taraqqi Party (ATP) on Sunday announced that it will launch a country-wide protest demonstration...

Published 21 Dec, 2020 02:47am

UNICEF to provide 1.15m Covid-19 testing kits

ISLAMABAD: The UNICEF has decided to provide coronavirus testing kits to Pakistan as the requirement of the country...

Published 21 Dec, 2020 02:47am

4,000 ex-khasadar, levies personnel integrated into KP police: ISPR

RAWALPINDI: Around 4,000 former Khasadar and Levies personnel on Sunday were integrated into the Khyber Pakhtunkhwa...

Published 21 Dec, 2020 02:47am

Tomatoes, onion import: Growers take out rally against govt’s policy

HYDERABAD: Sindh Chamber of Agriculture (SCA) took out a rally of growers from Old Campus to Press Club Hyderabad to...

Published 21 Dec, 2020 02:47am

Imran Khan’s house: CDA approves construction map after payment of fine

ISLAMABAD: Capital Development Authority (CDA) has reportedly approved Prime Minister Imran Khan’s house...

Published 21 Dec, 2020 02:47am

PM will bring improvement in economy: Rashid

ISLAMABAD: Minister for Interior Sheikh Rashid Ahmed said on Sunday that Prime Minister would not only complete his...

Published 21 Dec, 2020 02:47am

Commodities

Prices of essential food items rise sharply in retail market

PESHAWAR: Prices of essential food commodities, like chicken meat, eggs, vegetables, pulses have increased manifold...

Published 21 Dec, 2020 02:47am

Stocks

Brazil’s real to keep gains into 2021

BUENOS AIRES: Brazil’s real is set to keep its recent gains into the first-quarter of 2021 but the positive trend...

Published 21 Dec, 2020 02:47am

Stocks

Qatari shares outperform on broad-based gains

DUBAI: Most major stock indexes in the Middle East ended higher on Sunday, with Qatari shares outperforming thanks ...

Published 21 Dec, 2020 02:47am

Stocks

Europe’s bond boom may stem investment bank exodus from sovereign debt auctions

LONDON: The surge in government borrowing during the Covid-19 crisis and boost in bond trading may stem investment...

Updated 21 Dec, 2020 03:15am

Stocks

Russia seen reducing state FX sales

MOSCOW: Russia’s finance ministry is expected to ease support for the rouble by cutting its regular sales of...

Updated 21 Dec, 2020 03:15am

Stocks

Tesla to join elite S&P index, shaking up Wall Street

NEW YORK: Tesla is set to join an elite group of companies in a key Wall Street index, a move which gives greater...

Updated 21 Dec, 2020 03:15am

Stocks

Wall Street week ahead: Investors bet old-school retailers will rebound in 2021

NEW YORK: As holiday shopping season wraps up, US equity investors are gauging whether long-languishing shares of...

Updated 21 Dec, 2020 03:15am

Commodities

Australia forecasts drop in coal output

MELBOURNE: Australia's coal producers may have to start cutting output if China maintains limits on imports from...

Updated 21 Dec, 2020 03:16am

Letters

A culture of power theft

This is apropos a Business Recorder op-ed “Once again electric utility up for sale – I” carried by the...

Updated 21 Dec, 2020 03:16am

News, lies and IndianLeaks

To cover a lie, falsify the roots. The web of fake news is “almost” real. Fraud appears to be authentic....

Updated 21 Dec, 2020 03:16am

Economy picks up?

The government is claiming a rise in productivity as a measure of the success of its policies specifically designed...

Updated 21 Dec, 2020 03:15am

Woeful cotton output decline

EDITORIAL: Cotton Association of Pakistan has released disturbing data that indicates a decline of 35.67 percent in...

Updated 21 Dec, 2020 03:16am

Housing loans

EDITORIAL: Prime Minister Imran Khan must have been happy to hear that disbursement of loans for construction of...

Updated 21 Dec, 2020 03:16am

AAJ PROGRAM SCHEDULE

Monday, December 21, 2020 TIMING PROGRAM TITLE 06:00 NEWS HOUR 06:25 HEADLINE NEWS 06:30 NEWS HOUR 06:55 HEADLINE...

Published 21 Dec, 2020 02:47am

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 ...

Updated 21 Dec, 2020 03:16am

Rates.The Rupee

Your rupee last week

KARACHI: Following currency fluctuations took place in foreign exchange rates during the last week. (December 14 to...

Updated 21 Dec, 2020 03:16am

Industry

Investment in gems sector: Call to devise joint strategy

PESHAWAR: Participants at a meeting have called for a joint strategy to promote investment in gems sector and...

Updated 21 Dec, 2020 03:14am

Industry

Punjab’s traders, industrialists pay tribute to Teli

LAHORE: Punjab’s prominent members of the business and industrial community expressed their deep grief and sorrow...

Published 21 Dec, 2020 02:47am

Money & Banking

Argentina has no plans for ‘one shot’ fix to peso’s problems

BUENOS AIRES: Argentina’s currency crisis will not be resolved with a “one shot” fix, Economy Minister Martin...

Published 21 Dec, 2020 02:47am

Money & Banking

Canadian dollar forecasts shift higher

TORONTO: The outlook for the Canadian dollar has improved on expectations the currency will benefit from domestic...

Published 21 Dec, 2020 02:47am

Money & Banking

African currencies week ahead: Nigeria’s naira seen steady, Zambia’s kwacha may slip

LAGOS: Nigeria’s naira and other African currencies are likely to trade stable or firm slightly in the week ahead,...

Updated 21 Dec, 2020 03:15am

Industry

US lawmakers to back $1.9bn to replace telecom equipment from China’s Huawei, ZTE

WASHINGTON: US lawmakers are expected to endorse $1.9 billion to fund a program to remove telecom network equipment...

Updated 21 Dec, 2020 03:16am

Industry

Chinese drone maker says products to remain on sale despite US restriction

BEIJING: Chinese drone manufacturer SZ DJI Technology Co Ltd, which was added by the United States along with dozens...

Updated 21 Dec, 2020 03:16am

Money & Banking

China could restrict bank tie-ups with fintech platforms

BEIJING: China's former finance minister Lou Jiwei suggested that China could restrict the number of banks a single...

Updated 21 Dec, 2020 03:16am

Industry

Apple temporarily shuts California stores, some in UK

NEW YORK: Apple Inc has temporarily shut all of its 53 stores in California because of a coronavirus outbreak and 16...

Updated 21 Dec, 2020 03:16am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 21	278.88
USD PKR Interbank Buying / Jan 21	278.78
USD to Japanese Yen / Jan 21	155.54
USD to Swiss Franc / Jan 21	0.91
Pound Sterling to USD / Jan 21	1.23
Euro to USD / Jan 21	1.04

Stock	Volume
S&P 500 / Jan 17	5,996.66
Nasdaq / Jan 17	19,630.20
Dow Jones / Jan 17	43,487.83
India Sensex / Jan 21	76,270.33
Tokyo Nikkei / Jan 21	39,027.98
Hang Seng / Jan 21	20,098.89
FTSE 100 / Jan 21	8,529.98
Germany DAX 30 / Jan 21	20,988.55

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 20	18,785
Gold 10 Grams PKR / Jan 20	242,541
Crude Oil USD/Barrel / Jan 21	77.24
Gold Spot USD/Ounce / Jan 21	2,724.49
Cotton US¢/pound / Jan 21	68.02
Petrol/Litre / Jan 22	256.13

Gainers
Losers
Leaders

Stock	Price
Burj Clean Energy Modaraba / Jan 21 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	9.60 ▲ 1.00 (11.63%)
Equity Modaraba / Jan 21 First Equity Modaraba(FEM)	3.54 ▲ 0.34 (10.62%)
Waves Home Appliances / Jan 21 Waves Home Appliances Limited(WAVESAPP)	11.30 ▲ 1.03 (10.03%)
786 Invest Ltd / Jan 21 786 Investments Limited(786)	10.98 ▲ 1.00 (10.02%)
Globe Residency / Jan 21 Globe Residency REIT(GRR)	17.36 ▲ 1.58 (10.01%)
Leather Up Ltd. / Jan 21 Leather Up Limited(LEUL)	25.06 ▲ 2.28 (10.01%)
Olympia Mills / Jan 21 Olympia Mills Limited(OML)	35.65 ▲ 3.24 (10.00%)
Pak Engineering / Jan 21 Pakistan Engineering Company Limited(PECO)	671.22 ▲ 61.02 (10.00%)
Shahtaj Sugar / Jan 21 Shahtaj Sugar Mills Limited(SHJS)	108.90 ▲ 9.90 (10.00%)

Stock	Price
Dewan Motors / Jan 21 Dewan Farooque Motors Limited(DFML)	45.21 ▼ -5.02 (-9.99%)
Ghani Chem. Ind. / Jan 21 Ghani Chemical Industries Limited(GCIL)	16.62 ▼ -1.62 (-8.88%)
D.M. Textile / Jan 21 D.M. Textile Mills Limited(DMTX)	64.32 ▼ -6.22 (-8.82%)
S.G.Power / Jan 21 S.G. Power Limited(SGPL)	9 ▼ -0.81 (-8.26%)
Dadabhoy Cement / Jan 21 Dadabhoy Cement Industries Limited(DBCI)	5.10 ▼ -0.43 (-7.78%)
Sanghar Sugar / Jan 21 Sanghar Sugar Mills Limited(SANSM)	23.05 ▼ -1.94 (-7.76%)
ZIL Limited / Jan 21 ZIL Limited(ZIL)	226.01 ▼ -18.99 (-7.75%)
Khyber Textile / Jan 21 Khyber Textile Mills Limited(KHYT)	526 ▼ -43.96 (-7.71%)
Gulistan Sp. / Jan 21 Gulistan Spinning Mills Limited(GUSM)	13 ▼ -1.03 (-7.34%)

Stock	Volume
Cnergyico PK / Jan 21 Cnergyico PK Limited(CNERGY)	111,866,059 ▲ 0.44
Bank Makramah / Jan 21 Bank Makramah Limited(BML)	69,297,556 ▲ 0.05
WorldCall Telecom / Jan 21 Worldcall Telecom Limited(WTL)	64,182,488 ▼ -0.09
Lotte Chemical / Jan 21 Lotte Chemical Pakistan Limited(LOTCHEM)	59,473,543 ▼ -0.94
Fauji Cement / Jan 21 Fauji Cement Company Limited(FCCL)	51,882,881 ▲ 0.34
Hascol Petrol / Jan 21 Hascol Petroleum Limited(HASCOL)	24,273,766 ▼ -0.39
Citi Pharma Ltd / Jan 21 Citi Pharma Ltd.(CPHL)	23,353,008 ▼ -1.60
Dewan Motors / Jan 21 Dewan Farooque Motors Limited(DFML)	22,896,108 ▼ -5.02
Ghani Chem. Ind. / Jan 21 Ghani Chemical Industries Limited(GCIL)	21,890,802 ▼ -1.62

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