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Print Updated 13 Aug, 2020 03:33am

KE rejects allegations by Nepra

ISLAMABAD: Karachi Electric (KE) has reportedly brushed aside allegations leveled by National Electric Power...

Kingdom may be persuaded for renewal of agreement

Updated 13 Aug, 2020 03:28am

Oil facility: KSA revisiting committed amount: SAPM

Updated 13 Aug, 2020 03:31am

LSMIs output down 10.17pc YoY

Updated 13 Aug, 2020 03:32am

NCC on SMEs constituted

Updated 13 Aug, 2020 03:28am

Monitoring of remittances through NITB: SBP gives go ahead for setting up of int'l payment gateway

Updated 13 Aug, 2020 03:32am

ADB allowed to launch PKR-linked bonds

Updated 13 Aug, 2020 03:32am

Forex
World
Econ

Currency	Rate
USD PKR Interbank Selling / Aug 13	168.50
USD PKR Interbank Buying / Aug 13	168.20
USD to Japanese Yen / Aug 13	106.86
USD to Swiss Franc / Aug 13	0.91
Pound Sterling to USD / Aug 13	1.30
Euro to USD / Aug 13	1.18

Stock	Volume
S&P 500 / Aug 13	3380.35
India Sensex / Aug 13	38369.63
Tokyo Nikkei / Aug 13	22843.96
Nasdaq / Aug 13	11012.24
Hang Seng / Aug 13	25244.02
FTSE 100 / Aug 13	6280.12
Dow Jones / Aug 13	27976.84
Germany DAX 30 / Aug 13	13058.63
France CAC40 / Aug 13	5073.31

Indicator	Value
Weekly Foreign Reserves / Aug 13	19562.90
UK LIBOR / Aug 13	0.33
GDPGROWTH / Aug 13	5.40
Foreign Debt / Aug 13	15087.50
Per Capita Income (CPI) / Aug 13	1516.00
Average CPI / Aug 13	11.11

Gainers
Losers
Leaders

Stock	Price
Pak. P.V.C. / Aug 13 Pakistan PVC Limited(PPVC)	3.2900 ▲ (0.28%) (9.30%)
BIPL securities / Aug 13 BIPL Securities Limited(BIPLS)	8.5000 ▲ (0.53%) (6.65%)
Next Capital / Aug 13 Next Capital Limited(NEXT)	9.5200 ▲ (0.47%) (5.19%)
Yousuf Weaving / Aug 13 Yousaf Weaving Mills Limited(YOUW)	3.4200 ▲ (0.09%) (2.70%)
AL- Abbas / Aug 13 Al-Abbas Sugar Mills Limited(AABS)	312.9995 ▲ (7.25%) (2.37%)
Metro Steel / Aug 13 Metropolitan Steel Corporation Limited(MSCL)	12.4000 ▲ (0.20%) (1.64%)
JS Global / Aug 13 JS Global Capital Limited(JSGCL)	66.0000 ▲ (1.00%) (1.54%)
Exide (PAK) / Aug 13 Exide Pakistan Limited(EXIDE)	355.0000 ▲ (4.95%) (1.41%)
United Brands / Aug 13 United Brands Limited(UBDL)	27.4900 ▲ (0.37%) (1.36%)
TRG Pak. / Aug 13 TRG Pakistan Limited(TRG)	50.2231 ▲ (4.84%) (1.31%)

Stock	Price
Power Cement (R) / Aug 13 Power Cement Limited (R)(POWERR1)	0.4700 ▼ (0.11%) (-23.40%)
TPL Trakker / Aug 13 TPL Trakker Limited(TPLT)	9.3800 ▼ (1.00%) (-9.11%)
Fauji Fert. / Aug 13 Fauji Fertilizer Company Limited(FFC)	114.6420 ▼ (8.49%) (-5.70%)
Fauji Fert. Bin / Aug 13 Fauji Fertilizer Bin Qasim Limited(FFBL)	21.8933 ▼ (1.74%) (-5.62%)
First Credit & Inv. / Aug 13 First Credit and Investment Bank Limited(FCIBL)	5.9500 ▼ (0.30%) (-5.04%)
First Prud Mod. / Aug 13 First Prudential Modaraba(PMI)	1.0000 ▼ (0.05%) (-5.00%)
Matco Foods / Aug 13 Matco Foods Limited(MFL)	22.5000 ▼ (1.50%) (-4.89%)
Engro Polymer / Aug 13 Engro Polymer & Chemicals Limited(EPCL)	33.0500 ▼ (3.15%) (-4.10%)
Gul Ahmed / Aug 13 Gul Ahmed Textile Mills Limited(GATM)	37.0000 ▼ (2.29%) (-4.02%)
Pakgen Power / Aug 13 Pakgen Power Limited(PKGP)	15.4000 ▼ (0.89%) (-3.91%)

Stock	Volume
Hascol Petroleum / Aug 13 Hascol Petroleum Limited(HASCOL)	39,646,500 ▼ (0.70%)
TRG Pak. / Aug 13 TRG Pakistan Limited(TRG)	23,546,500 ▼ (4.84%)
Pakistan Refinery / Aug 13 Pakistan Refinery Limited(PRL)	22,918,000 ▼ (0.90%)
Maple Leaf / Aug 13 Maple Leaf Cement Factory Limited(MLCF)	14,962,000 ▼ (1.65%)
Kot Addu / Aug 13 Kot Addu Power Company Limited(KAPCO)	13,821,000 ▼ (0.39%)
K-Electric Ltd / Aug 13 K-Electric Limited(KEL)	12,216,500 ▼ (0.08%)
Worldcall / Aug 13 Worldcall Telecom Limited(WTL)	11,643,500 ▼ (0.07%)
Pak Elektron / Aug 13 Pak Elektron Limited(PAEL)	11,497,000 ▼ (1.20%)
Unity Foods (R) / Aug 13 Unity Foods Limited (R)(UNITYR2)	11,049,500 ▼ (0.19%)
Engro Polymer / Aug 13 Engro Polymer & Chemicals Limited(EPCL)	10,863,500 ▼ (3.15%)

Markets →

Business

FPCCI rejects handing over of taxpayers' monitoring to LTU

PESHAWAR: Federation of Pakistan Chamber of Commerce and Industries (FPCCI) has rejected the handover of the...

Updated 13 Aug, 2020 03:34am

BR Research

Covid: Pakistan is testing “enough”

Ten days post Eid-ul-Fitr (June 2020) was a disaster. The coronavirus peaked back then, with the share of positive...

Published 13 Aug, 2020 09:15am

UK, US extend trade talks as 2020 deal looks unlikely

LONDON: Britain said Wednesday trade talks with the United States would continue into the autumn, as hopes fade for ...

Updated 13 Aug, 2020 03:35am

Apple must pay $500m over patent violations: court rules

SAN FRANCISCO: Apple must pay more than $500 million in damages and interest for 4G patent infringements held by...

Updated 13 Aug, 2020 03:36am

BR Research

Private sector credit

For private sector credit offtake, FY20 wasn’t a good year. Data compiled by the central bank shows that less than...

Published 13 Aug, 2020 09:15am

Lasbela Chamber for adherence to road safety principles

KARACHI: President Lasbela Chamber of Commerce & Industry (LCCI), Ismail Suttar has said that there is no...

Updated 13 Aug, 2020 03:38am

Noorani terms 3pc VAT on PFY unfair

KARACHI: Chairman Standing committee on imports, convener yarn trade committee, Federation of Pakistan Chambers of...

Updated 13 Aug, 2020 03:39am

Industry

United Airlines bets on Florida, adding dozens of flights a day starting November

The direct flights are from non United hub cities in Boston, Cleveland, Indianapolis, Milwaukee, New York/LaGuardia, Pittsburgh and Columbus, Ohio to four Florida destinations.
New Florida flights will go to Fort Lauderdale, Fort Myers, Orlando and Tampa.

Published 13 Aug, 2020 01:22am

Stocks

S&P 500 finishes within points of record high close

Heavyweights Microsoft Corp, Amazon.com Inc and Apple Inc were among the top boosts to the S&P 500.
The Nasdaq and Dow also rose sharply. The Nasdaq was the first of the three major indexes to bounce back to an all-time high in June.

Published 13 Aug, 2020 01:19am

Energy

Crude rises 2pc after draw in US oil stocks spurs demand hope

US fuel inventories fall as demand rebounds – EIA.
EIA now sees 2020 US production falling 1 mln bpd.
Oil demand this year to fall by 9.06 million bpd –OPEC.

Updated 13 Aug, 2020 01:19am

Energy

US fuel inventories fall as demand rebounds

Refinery utilization rose 1.4 percentage points to 81% of total capacity nationally in the week to Aug. 7, the Energy Information Administration.
US fuel demand rose to 19.37 million barrels per day last week, the highest since March, reducing gasoline.

Published 13 Aug, 2020 12:36am

BR Research

Autos: No Sicilian Defense

Globally, the automotive industry is experiencing a swift transformation, one that had already started setting its...

Published 13 Aug, 2020 09:15am

BR Research

Biden’s bet

Less than three months are left in US presidential elections, but the run-up to November 3 poll has been...

Published 13 Aug, 2020 09:14am

BR Research

Attock Petroleum Limited

Attock Petroleum Limited (PSX: APL) is an oil marketing company and is part of the Attock Oil Group of Companies. ...

Published 13 Aug, 2020 09:13am

BR Research

The Ravi dream

The proposed Ravi riverfront urban development project is as challenging as constructing five million houses in five...

Published 12 Aug, 2020 09:24am

BR Research

After Stabilization ?

In its recent State of the Economy report, the central bank rightly noted that the shock from Covid-19 “should not...

Published 12 Aug, 2020 09:24am

BR Research

Crop targets: scratching beneath surface

Since mid-2000s, Pakistan's major crops segment has underperformed other segments of the economy, including other...

Published 12 Aug, 2020 09:24am

Pakistan

Less developed areas: Release of WFF funds demanded for carrying out projects

ISLAMABAD: The Senate Functional Committee on Less Developed Areas on Wednesday recommended immediate release of...

Updated 13 Aug, 2020 03:52am

Bail to Khawaja brothers: NAB requests SC to recall impugned order

ISLAMABAD: The Supreme Court has been requested to recall the impugned order granting bail to Khawaja brethren in ...

Updated 13 Aug, 2020 03:52am

Qureshi hopes intra-Afghan negotiations commence at the earliest

ISLAMABAD: Foreign Minister Shah Mahmood Qureshi on Wednesday welcomed the Afghanistan's Loya Jirga's recommendation...

Updated 13 Aug, 2020 03:53am

PM to launch Ehsaas Nashonuma Programme today

ISLAMABAD: Prime Minister Imran Khan would be landing in the Khyber District of Khyber Pakhtunkhwa on Thursday (Aug...

Updated 13 Aug, 2020 03:53am

Derogatory social media post: Pakistan urges India to act against perpetrators

ISLAMABAD: Pakistan on Tuesday lodged a strong protest with India on the derogatory social media post against ...

Updated 13 Aug, 2020 03:53am

Grenade attack: JI chief concerned over non-arrest of elements

LAHORE: Chief of Jamaat-e-Islami Senator Sirajul Haq has expressed concern over non-arrest of the elements involved...

Updated 13 Aug, 2020 03:53am

Anti-snake bite vaccine not available due to non-appointment of federal analyst at NCL

LAHORE: Heavy rains across the country have increased the incidents of snake biting but its vaccine is not ...

Updated 13 Aug, 2020 03:58am

'Now housing scheme will be approved within 30 days'

LAHORE: Lahore Development Authority (LDA) Vice Chairman Sheikh Muhammad Imran has said that procedure for sanction...

Updated 13 Aug, 2020 03:59am

Aghaz-e-Haqooq-e-Balochistan package: 1,725 posts filled, Senate body told

ISLAMABAD: The federal government, so far, has filled 1,725 posts under Aghaz-e-Haqooq-e-Balochistan package while...

Updated 13 Aug, 2020 04:00am

NDMA, FWO should develop Karachi's infrastructure: Teli

KARACHI: The Chairman of Businessmen Group (BMG), Siraj Kassam Teli, who is also a former president of the Karachi...

Updated 13 Aug, 2020 04:02am

Latest

UK suffers record recession

LONDON: Britain's economy shrank by a record 20.4% in the second quarter when the coronavirus lockdown was tightest,...

Updated 13 Aug, 2020 03:40am

NA passes five FATF-related bills

ISLAMABAD: In a bid to get the country out of the Financial Action Task Force's (FATF's) grey list, the treasury and...

Updated 13 Aug, 2020 03:40am

Train derails in Scotland, three people feared dead

STONEHAVEN, (Scotland): A train derailed in eastern Scotland on Wednesday, killing three people according to PA ...

Published 13 Aug, 2020 02:31am

Agencies intercept Indian cyber attacks on gadgets: ISPR

RAWALPINDI: Pakistan's intelligence agencies have identified a major cyber-attack by Indian Intelligence Agencies...

Updated 13 Aug, 2020 03:42am

SC asks NDMA to clean all Karachi drains

KARACHI: Supreme Court (SC) on Wednesday ordered National Disaster Management Authority (NDMA) to clean all drains ...

Updated 13 Aug, 2020 03:42am

Govt likely to confer award on Zargham

ISLAMABAD: The government is likely to confer civil award on Zargham Eshaq Khan, a former Joint Secretary of Power...

Updated 13 Aug, 2020 03:46am

Beirut blast damage cost tops $15bn

BEIRUT: The massive blast at Beirut port on August 4 caused more than $15 billion in damages, Lebanese President...

Updated 13 Aug, 2020 03:46am

Govt raises Rs120bn through MTBs, PIBs

KARACHI: The federal government Wednesday borrowed some Rs 120 billion through sale of security papers.

Some Rs...

Updated 13 Aug, 2020 03:46am

World

World's biggest container ships take shape in South Korea

GEOJE, (South Korea): On the bridge of one of the world's biggest container ships, a worker in a grey protective ...

Updated 13 Aug, 2020 04:03am

Europe

Thousands stage flower protest in Belarus as EU weighs sanctions

Protesters say veteran president rigged re-election.
Around 6,000 people detained since Sunday.
Lithuania, Poland and Latvia offer to mediate.
Lukashenko says core of protesters has criminal past.
Police fire live rounds at protesters in Brest.

Published 12 Aug, 2020 11:40pm

South Asia

Hong Kong reports 62 new coronavirus cases

Since late January, around 4200 people have been infected in Hong Kong, 63 of whom have died. Wednesday's figure was up from Tuesday's 33 cases.

Published 12 Aug, 2020 05:46pm

Middle East

Syria's Assad says new US sanctions are part of drive to 'choke' Syrians

In a speech to deputies at the presidential palace, Assad also blamed the sanctions, known as the Caesar Act,
The pound touched a record low of 3,000 to the dollar in June as many feared the new sanctions would tighten the noose around Assad and worsen Syria's dire economic plight.

Published 13 Aug, 2020 12:25am

Editorials

Towards a greener Pakistan

EDITORIAL: Prime Minister Imran Khan launched a massive reforestation project on Sunday with the planting of 3.5...

State of the economy

EDITORIAL: The Cabinet was briefed on the state of the economy showing a markedly improved position for fiscal year...

Loya jirga decision

EDITORIAL: Now that the Afghan government has agreed to release 400 "hardcore" Taliban prisoners, on the advice of...

New shipping policy

EDITORIAL: Ali Haider Zaidi, the Federal Minister for Maritime Affairs, has announced the PTI government's shipping...

The way forward

EDITORIAL: Now that the government has deemed fit to reopen a number of public places, considering how the...

Opinion

Monsoon floods expose blockages in Karachi's drains - and politics

Zofeen T. Ebrahim

ARTICLE: Craftsman Mohammad Zakir, 35, who lives in a low-lying area of Orangi Town, does not recall the authorities...

Interest rate corridor and private sector financing: A way forward

Muhammad Zubair Mumtaz

ARTICLE: Over the past five months, COVID-19 has restricted the business activities in the country. The government...

Private sector investment

Shahid Sattar | Eman Ahmed

ARTICLE: Pakistan is amongst the nations with the lowest investment and saving rates in the world. This has...

Partly Facetious: 'Line of Caginess'

Anjum Ibrahim

ARTICLE: "Our LoC is truly controversial."

"Indeed the Line of Control between India and Pakistan is being ...

Life & Style

Stokes will miss the second test, starting on Thursday, as well as the final match of the series for family reasons.
He's the kind of batsman that takes the game away from you - single-handedly at times.

Published 13 Aug, 2020 12:31am

Sports

Hafeez undergoes COVID-19 test after breaching biosecurity protocol

Sports

Broad says dad off Christmas card list after sanction

Published 12 Aug, 2020 05:19pm

Sports

England will sweep Pakistan series despite Stokes absence: Vaughan

Updated 12 Aug, 2020 05:19pm