News Archives for Print - 2021-01-25

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Print - 2021-01-25

Govt, IPPs ink ‘initial’ agreements

ISLAMABAD: The government and around two dozen Independent Power Producers (IPPs) are said to have initialled the...

Updated 25 Jan, 2021 10:05am

The Weather

KARACHI: The weather report on Sunday (November 24, 2021) and the forecast for Monday (November 25, 2021)....

Published 25 Jan, 2021 04:23am

South Punjab: PM vows special package for farmers

ISLAMABAD: Prime Minister Imran Khan says South Punjab was neglected in the past and its population was not given...

Published 25 Jan, 2021 04:23am

Senate team to depart for Djibouti’s visit today

ISLAMABAD: On the invitation of the President of Djibouti National Parliament and Acting Chairman of the African...

Published 25 Jan, 2021 04:23am

Nevertheless govt wants success for CPEC: Asim Bajwa

ISLAMABAD: Chairman CPEC Authority, Gen Asim Saleem Bajwa (retd) has said that Pakistan attaches great importance to...

Published 25 Jan, 2021 04:23am

CNG stations in Punjab reopen for 12 hours

LAHORE: Compressed Natural Gas (CNG) stations across Punjab and Federal Capital Islamabad reopened for 12 hours on...

Published 25 Jan, 2021 04:23am

‘Steam’ fined for geo-blocking video games in Europe

BRUSSELS: The EU fined the operator of Steam, the world’s largest video game distribution platform, and five...

Published 25 Jan, 2021 04:23am

Indonesia, Malaysia eye joint campaign in Europe to counter palm oil critics

KUALA LUMPUR: The world’s top producers of palm oil, Indonesia and Malaysia, are looking to join forces for the...

Published 25 Jan, 2021 04:23am

Switzerland’s timeless art mechanics embraces 3D future

SAINTE-CROIX, (Switzerland): In his snow-bound workshop, Swiss master Francois Junod’s moving mechanical artworks...

Published 25 Jan, 2021 04:23am

Pandemic drags German admin out of the 1980s

BERLIN: Signs are emerging that the coronavirus pandemic is finally dragging Germany’s notoriously sluggish...

Published 25 Jan, 2021 04:23am

Foreign investment to Russia lowest since 1994

MOSCOW: The inflow of foreign investment to Russia last year slumped to the level of the mid-90s amid the ...

Published 25 Jan, 2021 04:23am

Virus threatens future of UK museums

LONDON: Six out of 10 museums in Britain fear they may have to close because of the coronavirus pandemic, a national...

Published 25 Jan, 2021 04:23am

Sri Lanka sets visitor cap as it reopens for tourists

COLOMBO: Sri Lanka will restrict daily visitor numbers to 2,500, authorities said on Thursday, as it cautiously...

Published 25 Jan, 2021 04:23am

Egypt’s state enterprises leave private sector in the shade

CAIRO: Egypt’s state companies have been enjoying robust earnings, official data shows, acting as a growth driver...

Published 25 Jan, 2021 04:23am

No-confidence motion against PM will be foiled: Qureshi

MULTAN: Foreign Minister Shah Mehmood Qureshi on Sunday was confident that no-confidence motion against Prime...

Published 25 Jan, 2021 04:23am

Covid-19 claims 48 more lives across country

ISLAMABAD: The national tally of total active COVID-19 cases in the country on Sunday reached 34,628 with 1,594 more...

Published 25 Jan, 2021 04:23am

Murree, Malam Jabba and AJK see rush of tourists

ISLAMABAD: The snow lovers from various parts of the country thronged Murree, Ayubia, AJK , Mansehra, Sakardu and...

Updated 25 Jan, 2021 10:08am

Aviator wins Aquafina Polo Cup 2021

LAHORE: Aviator lifted the Aquafina Polo Cup 2021 defeating Zacky Farm by 6-4 in the main final played here at the...

Published 25 Jan, 2021 04:23am

Pak vs SA Test: 17 players available for selection

LAHORE: Pakistan cricket selectors Sunday confirmed that a 17 player squad will be available for selection for the...

Published 25 Jan, 2021 04:23am

Alleged drug lord dubbed ‘Asia’s El Chapo’ arrested

THE HAGUE: The alleged ringleader of Asia’s biggest crime syndicate and one of the world’s most wanted men has...

Published 25 Jan, 2021 04:23am

US carrier group enters S China Sea amid Taiwan tensions

TAIPEI: A US aircraft carrier group led by the USS Theodore Roosevelt has entered the South China Sea to promote...

Published 25 Jan, 2021 04:23am

Kuwait’s emir reappoints PM to form new cabinet after parliament standoff

KUWAIT CITY: Kuwait’s emir reappointed Sheikh Sabah al-Khalid al-Sabah as prime minister on Sunday after the...

Published 25 Jan, 2021 04:23am

UAE gives green light for embassy in Tel Aviv

ABU DHABI: The UAE on Sunday approved the establishment of the country’s first embassy in Israel, more than four...

Published 25 Jan, 2021 04:23am

Indonesia’s coast guard seizes Iranian and Panamanian tankers

JAKARTA: Indonesia said on Sunday its coast guard had seized the Iranian-flagged MT Horse and the Panamanian-flagged...

Published 25 Jan, 2021 04:23am

Germany buys same corona meds used to treat Trump

FRANKFURT AM MAIN: Germany will become the first European Union country to start using the same experimental...

Published 25 Jan, 2021 04:23am

About 500 Airbus staff under quarantine

BERLIN: Airbus said on Sunday about 500 of its staff had gone into quarantine after 21 workers at its aircraft...

Published 25 Jan, 2021 04:23am

Dubai slows down Pfizer vaccine rollout

DUBAI: The emirate of Dubai has said it was slowing down its rollout of the Pfizer-BioNTech coronavirus vaccine due...

Published 25 Jan, 2021 04:23am

Egypt begins coronavirus immunisation campaign

ISMAILIA, (Egypt): Egypt began its Covid-19 immunisation program Sunday, becoming one of the first countries in...

Published 25 Jan, 2021 04:23am

Stocks

London market facing blockbuster IPO year

LONDON: London will enjoy a very strong year for stock market flotations, analysts say, arguing that both Brexit and...

Published 25 Jan, 2021 04:23am

Stocks

A ‘buy’ is just a tap away: stock market dabblers drive trading boom into 2021

LONDON: A 1000% jump in the penny stock of a company with no staff and a high school investing club that doubled its...

Published 25 Jan, 2021 04:23am

Stocks

Most Gulf markets in red; Kuwait up on banks

DUBAI: Most stock markets in the Gulf ended lower on Sunday, with Dubai extending losses from the previous session ...

Published 25 Jan, 2021 04:23am

Pak Army Museum — a source of motivation for new generation

ISLAMABAD: A unique of its kind Pakistan Army Museum at Ayub National Park has become a source of motivation for new...

Updated 25 Jan, 2021 10:09am

Sindh sees 630 new cases of Covid-19

KARACHI: As many as 4 more patients of Coronavirus died overnight lifting the death toll to 3,892 and 630 new cases...

Updated 25 Jan, 2021 10:10am

Cotton & Textile

Weekly Cotton Report: Bullish trend continues

KARACHI: The bullish trend remained continued in both national and international cotton markets. The cotton sowing ...

Published 25 Jan, 2021 04:23am

SPCCTOM launched in China

BEIJING: Sino-Pakistan Cooperation Centre on Traditional Chinese Medicine (SPCCTCM) was launched respectively in...

Published 25 Jan, 2021 04:23am

Railways plans to repair 472 coaches

ISLAMABAD: Pakistan Railways is planning to repair as many as 472 coaches which were either out of service or...

Updated 25 Jan, 2021 10:08am

Rangers arrest four extortionists

KARACHI: Sindh Rangers Pakistan have arrested four alleged wanted extortionists and drug dealers from Gulbahar area...

Updated 25 Jan, 2021 10:09am

LDA demolishes ‘illegal construction’ of Khokhar Palace

LAHORE: The Lahore Development Authority (LDA) has conducted a grand operation here at Khokhar Palace in Johar Town...

Updated 25 Jan, 2021 10:10am

Operation carried out to retrieve govt land: Firdous

LAHORE: Special Assistant to Punjab Chief Minister on Information Dr. Firdous Ashiq Awan has said that a merit-based...

Published 25 Jan, 2021 04:23am

Two TTP commanders among five terrorists killed

RAWALPINDI: Security forces on Sunday carried out an intelligence-based operation (IBO) in Mir Ali area of KP’s...

Updated 25 Jan, 2021 10:09am

Process of development, progress: No one allowed creating hindrance: Buzdar

LAHORE: The Punjab Chief Minister Sardar Usman Buzdar has said that no one will be allowed to create hindrance in ...

Published 25 Jan, 2021 04:23am

Punjab reports 485 new Covid-19 cases, 24 deaths

LAHORE: There is no let up in the spread of corona virus, as Punjab has reported 485 fresh Covid-19 cases and 24...

Published 25 Jan, 2021 04:23am

Miftah slams PTI govt over increasing power tariff

ISLAMABAD: Pakistan Muslim League-Nawaz (PML-N) leader Miftah Ismail has criticised the government’s decision to...

Updated 25 Jan, 2021 10:08am

Govt will overcome inflation this year, hopes Rashid

ISLAMABAD: Interior Minister Sheikh Rashid has said that all the political parties should sit together to decide...

Published 25 Jan, 2021 04:23am

Militant commander killed in N Waziristan gunbattle

MIRALI: A top terrorist was killed in an operation of the security forces in Mirali area of North Waziristan...

Updated 25 Jan, 2021 10:10am

Chinese vaccine development in final stages: Nausheen

ISLAMABAD: Parliamentary Secretary, National Health Services Regulations and Coordination Dr Nausheen Hamid Sunday...

Published 25 Jan, 2021 04:23am

Rates.BR Index

PSX witnesses mixed trend: BRIndex-100 loses 6.55 points

KARACHI: Pakistan Stock Exchange witnessed mixed trend during the outgoing week ended Jan 22, as the investors...

Published 25 Jan, 2021 04:23am

Rates.BR Index

Futures spread declines 792bps

KARACHI: The futures spread declined by 792bps to 3.39 percent on the last day of outgoing week. Trading activities...

Published 25 Jan, 2021 04:23am

Stocks

Wall Street week ahead: Tech shares could retake reins as earnings heat up

NEW YORK: A bevy of major US earnings reports next week led by Apple, Microsoft and Facebook could help technology...

Published 25 Jan, 2021 04:23am

NA-75 by-election: PML-Q supports PTI candidate

LAHORE: Pakistan Muslim League-Q Sunday announced its support for Pakistan Tehreek-e-Insaf (PTI) candidate in the...

Published 25 Jan, 2021 04:23am

Rates.The Rupee

Your rupee last week

KARACHI: Following currency fluctuations took place in foreign exchange rates during the last week. (January 18 to...

Published 25 Jan, 2021 04:23am

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 25 Jan, 2021 04:23am

MPS — The challenges ahead

The Monetary Policy Committee (MPC) has kept the policy rate steady at 7 percent. The Monetary Policy Statement ...

Published 25 Jan, 2021 04:23am

Domestic violence against women: KP CM terms passage of bill ‘landmark legislation’

PESHAWAR: Khyber Pakhtunkhwa Chief Minister Mehmood Khan Sunday termed the Khyber Pakhtunkhwa Domestic Violence...

Published 25 Jan, 2021 04:23am

58,000 Afghan refugees may return home by 2021: UNHCR

ISLAMABAD: United Nations High Commissioner for Refugees (UNHCR) has a plan to facilitate around 58,000 Afghan...

Published 25 Jan, 2021 04:23am

Data integrity required

The oft used proverb “there are three kinds of lies - lies, damned lies and statistics” is a stark reminder that...

Published 25 Jan, 2021 04:23am

GoswamiGate opens

A careless moment. A reckless statement. A slip of the text. A step too soon. A pre-mature celebration. Call it what...

Published 25 Jan, 2021 04:23am

The ‘myth’ of US democracy

Since the insurrection of January 6 which led to a violent attack on the US Capitol a common refrain has been: look...

Published 25 Jan, 2021 04:23am

Letters

‘Civil service reforms’

This is apropos a Business Recorder op-ed “Civil service reforms” carried by the newspaper yesterday. The ...

Published 25 Jan, 2021 04:23am

‘Self-reliance in weapons conducive to maintain regional peace’

BEIJING: While commenting on successful test launch of Shaheen-III surface-to-surface ballistic missile, a former...

Published 25 Jan, 2021 04:23am

Husband, in-laws booked for burning woman alive

FAISALABAD: A woman was burnt alive allegedly by her husband and in-laws in the Ghulam Muhammad Abad area, said a...

Published 25 Jan, 2021 04:23am

NAB has solid evidence of money laundering: chairman

ISLAMABAD: National Accountability Bureau (NAB) Chairman former justice Javed Iqbal has said that NAB has solid...

Published 25 Jan, 2021 04:23am

Minerals, natural resources university being established in Balochistan

ISLAMABAD: Students of Balochistan province would soon get a full-fledged university to get higher education in the...

Published 25 Jan, 2021 04:23am

Opposition should remember no-trust motion in Senate: Governor

LAHORE: Punjab Governor Chaudhry Mohammad Sarwar has said that the PDM should remember the outcome of the...

Published 25 Jan, 2021 04:23am

Education key to progress, prosperity: minister

ISLAMABAD: Federal Minister for Education and Professional Training Shafqat Mehmood on Sunday sent a special message...

Published 25 Jan, 2021 04:23am

All set to observe Indian Republic Day as ‘Black Day’ in AJK

MIRPUR (AJK): The people of IIOJK and rest of the world would observe the Indian Republic Day, falling on January ...

Published 25 Jan, 2021 04:23am

Govt to implement ‘EV Policy for 4-Wheelers’ soon: Fawad

ISLAMABAD: Federal Minister for Science Technology Fawad Chaudhry has announced that the government will soon...

Published 25 Jan, 2021 04:23am

Energy

Russian Nord Stream 2 pipe-laying ship arrives off Denmark

COPENHAGEN: The Russian ship tasked with completing the controversial Nord Stream 2 gas pipeline has arrived in...

Published 25 Jan, 2021 04:23am

Industry

APCPLA chairman concerned at increase in power tariffs

FAISALBAD: Chairman All Pakistan Cotton Power Looms Association Rana Azhar Waqar said that 15 percent increase in...

Published 25 Jan, 2021 04:23am

Foreign investment faces U-shaped recovery: UN

GENEVA: Global foreign direct investment flows are set to go through a U-shaped recovery, staying weak in 2021, the...

Published 25 Jan, 2021 04:23am

Now the cotton production crisis

EDITORIAL: It takes a special kind of talent to waste a country’s natural comparative advantage, especially one...

Published 25 Jan, 2021 04:23am

Monetary policy statement

EDITORIAL: The Monetary Policy Committee (MPC) in its statement dated 22 January 2021 decided to maintain the policy...

Published 25 Jan, 2021 04:23am

Commodities

Upward trend in prices of essential items witnessed

PESHAWAR: Upward trend in prices of essential food commodities, including live chicken/meat, sugar, flour,...

Published 25 Jan, 2021 04:23am

Republicans signal deep resistance to Trump Senate trial

WASHINGTON: Republican lawmakers demonstrated Sunday that Democrats will have a fight on their hands to convict...

Published 25 Jan, 2021 04:23am

100 arrested in Amsterdam after protest over curfew

AMSTERDAM: Dutch police used water cannon, dogs and mounted police to disperse a protest in central Amsterdam on...

Published 25 Jan, 2021 04:23am

Israeli cabinet approves deal upgrading ties with Morocco

OCCUPIED JERUSALEM: Israel's cabinet on Sunday approved a deal to upgrade ties with Morocco, the fourth Arab country...

Published 25 Jan, 2021 04:23am

Sehat Insaaf Cards: Sindh govt should take initiative: federal minister

ISLAMABAD: Minister for Communication Murad Saeed said that provision of free medical and treatment facilities was...

Published 25 Jan, 2021 04:23am

Oman bars expats from certain jobs

MUSCAT: Oman announced Sunday it will bar expatriates from certain jobs in an effort to create more employment...

Published 25 Jan, 2021 04:23am

Embattled Intel says earnings better than expected

SAN FRANCISCO: Intel said Thursday that earnings topped prior expectations, as the computer chip giant faces ...

Published 25 Jan, 2021 04:23am

IBM revenue disappoints as software sales mark rare decline

NEW YORK: IBM Corp missed Wall Street estimates for quarterly revenue on Thursday, hurt by a rare sales decline in...

Updated 25 Jan, 2021 10:07am

Gold imports fall 52.17pc in 1H of FY21

ISLAMABAD: The gold imports into the country decreased by 52.17 percent during the first half of the current fiscal...

Published 25 Jan, 2021 04:23am

Aaj TV - Monday's schedule

All timings are in PST (Pakistan Standard Time) 06:00 NEWS HOUR 06:25 HEADLINE NEWS 06:30 NEWS HOUR 06:55 HEADLINE...

Published 25 Jan, 2021 04:23am

Industry

KPTMA for withdrawal of moratorium on gas supply

PESHAWAR: Chairman Khyber Pakhtunkhwa Textile Mills Association (KPTMA), Salim Saifullah Khan has urged the Prime...

Published 25 Jan, 2021 04:23am

Money & Banking

US dollar net shorts swell to largest in nearly 10 years

NEW YORK: US dollar net short positioning in the latest week ballooned to its largest since May 2011, according to...

Published 25 Jan, 2021 04:23am

Money & Banking

Goldman says strengthening Turkish lira may be limited by reserve building

NEW YORK: Goldman Sachs said its three-month Turkish lira forecast was 7.00 to 7.50 to the dollar and said further...

Updated 25 Jan, 2021 10:05am

Money & Banking

BlackRock to add bitcoin as eligible investment to two funds

NEW YORK: BlackRock Inc, the world’s largest asset manager, is adding bitcoin futures as an eligible investment to...

Published 25 Jan, 2021 04:23am

Money & Banking

UAE cabinet approves debt strategy to build local currency bond market

DUBAI: The United Arab Emirates cabinet approved a public debt strategy aimed at developing the Gulf state’s ...

Published 25 Jan, 2021 04:23am

Money & Banking

Global chip shortage hits China’s bitcoin mining sector

SHANGHAI/HONG KONG: A global chip shortage is choking the production of machines used to “mine” bitcoin, a ...

Published 25 Jan, 2021 04:23am

Money & Banking

African currencies week ahead: Kenya shilling to gain, Zambia kwacha to ease

NAIROBI: Kenya’s shilling is expected to gain against the dollar in the next week to Thursday, while Tanzanian,...

Updated 25 Jan, 2021 10:06am

Industry

Business community rejects increase in power tariff

KARACHI: Businessmen Group (BMG) chairman and former president of Karachi Chamber of Commerce & Industry (KCCI)...

Updated 25 Jan, 2021 10:06am

Tax refunds process: FBR suspends AC over asking ‘hefty percentage’

Taxes

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 2	281.13
USD PKR Interbank Buying / May 2	280.93
USD to Japanese Yen / May 2	144.96
USD to Swiss Franc / May 2	0.83
Pound Sterling to USD / May 2	1.33
Euro to USD / May 2	1.13
UK LIBOR % / May 2	4.96

Stock	Volume
S&P 500 / May 2	5,686.67
India Sensex / May 2	80,501.99
Tokyo Nikkei / May 2	36,830.69
Nasdaq / May 2	17,977.73
Hang Seng / May 2	22,504.68
FTSE 100 / May 2	8,596.35
Dow Jones / May 2	41,317.43
Germany DAX 30 / May 2	22,086.65
France CAC40 / May 2	7,770.48

Item	Value
Crude Oil USD/Barrel / May 2	58.29
Karachi Cotton PKR/37.32 KG / May 2	16,985
Gold 10 Grams PKR / May 2	295,353
Gold Spot USD/Ounce / May 2	3,240.49
Cotton US¢/pound / May 2	68.41
Petrol/Litre / May 4	252.63
Diesel/Litre / May 4	256.64

Gainers
Losers
Leaders

Stock	Price
Kohinoor Power / May 2 Kohinoor Power Company Limited(KOHP)	6.50 ▲ 0.9 (16.07%)
Dewan Mushtaq / May 2 Dewan Mushtaq Textile Mills Limited(DMTM)	7.96 ▲ 1 (14.37%)
Amtex Ltd / May 2 Amtex Limited(AMTEX)	2.63 ▲ 0.33 (14.35%)
Sally Textile / May 2 Sally Textile Mills Limited(SLYT)	9.14 ▲ 0.99 (12.15%)
First IBL Mod. / May 2 First IBL Modaraba(FIBLM)	3.13 ▲ 0.33 (11.79%)
Gulshan Sp. / May 2 Gulshan Spinning Mills Limited(GSPM)	3.34 ▲ 0.34 (11.33%)
Parmount Sp. / May 2 Paramount Spinning Mills Limited(PASM)	3.39 ▲ 0.34 (11.15%)
Hascol Petrol / May 2 Hascol Petroleum Limited(HASCOL)	9.98 ▲ 1 (11.14%)
First Elite Cap.Mod / May 2 First Elite Capital Modaraba(FECM)	13.95 ▲ 1.27 (10.02%)
Lalpir Power / May 2 Lalpir Power Limited(LPL)	23.51 ▲ 2.14 (10.01%)

Stock	Price
Pak Gen.Ins. / May 2 The Pakistan General Insurance Co. Ltd.(PKGI)	7.86 ▼ -0.88 (-10.07%)
Jubilee Spinning / May 2 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	11.43 ▼ -1.27 (-10%)
Zephyr Textile / May 2 Zephyr Textiles Limited(ZTL)	11.37 ▼ -1.12 (-8.97%)
Popular Islamic / May 2 Popular Islamic Modaraba(PIM)	13.02 ▼ -1.16 (-8.18%)
Calcorp Ltd / May 2 Calcorp Limited(CASH)	38.41 ▼ -3.08 (-7.42%)
D.S. Ind. Ltd. / May 2 D.S. Industries Limited(DSIL)	5.02 ▼ -0.34 (-6.34%)
Dewan Textile / May 2 Dewan Textile Mills Limited(DWTM)	5 ▼ -0.3 (-5.66%)
Imperial Limited / May 2 Imperial Limited(IML)	15 ▼ -0.87 (-5.48%)
Shahmurad Sugar / May 2 Shahmurad Sugar Mills Limited(SHSML)	360.51 ▼ -20.54 (-5.39%)
Habib Rice Products / May 2 Habib Rice Product Limited(HRPL)	30.23 ▼ -1.57 (-4.94%)

Stock	Volume
Sui South Gas / May 2 Sui Southern Gas Company Limited(SSGC)	29,319,891 ▲ 2.98
Cnergyico PK / May 2 Cnergyico PK Limited(CNERGY)	27,367,683 ▲ 0.02
B.O.Punjab / May 2 The Bank of Punjab(BOP)	20,836,529 ▲ 0.57
K-Electric Ltd. / May 2 K-Electric Limited(KEL)	14,766,764 ▲ 0.02
Maple Leaf Cement / May 2 Maple Leaf Cement Factory Limited(MLCF)	13,169,594 ▲ 2.39
WorldCall Telecom / May 2 Worldcall Telecom Limited(WTL)	11,631,669 ▲ 0.02
Fauji Cement / May 2 Fauji Cement Company Limited(FCCL)	11,208,268 ▲ 0.63
Sui North Gas / May 2 Sui Northern Gas Pipelines Limited(SNGP)	10,934,032 ▼ -0.95
At-Tahur Ltd. / May 2 At-Tahur Limited(PREMA)	10,647,030 ▲ 1.92
D.G.K.Cement / May 2 D.G. Khan Cement Company Limited(DGKC)	9,605,968 ▲ 8.33

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