Latest - Business Recorder

Business

Saudi Arabia plans to end the decade old ‘kafala’ system

The report added that the changes were to be unveiled earlier this year but were delayed due to the emergence of coronavirus pandemic.

Published 29 Oct, 2020 12:16pm

Pakistan

Punjab to provide health cards to citizens, PM announces

The PM directed the Punjab government to initially enroll widows, transgenders, and all low-income families.

Published 29 Oct, 2020 11:56am

Business

Benami Transactions: Authorities initiate investigation of five sugar mills

As far as the rest of the sugar mills are concerned, the information will be gathered including information from the banks and proceedings will be started after concluding the already initiated cases.

Published 29 Oct, 2020 11:29am

Technology

'Who the hell elected you?' U.S. Senate tech hearing becomes political showdown

Lawmakers are split on ways to hold Big Tech accountable under Section 230 of the Communications Decency Act - which protects companies from liability over content posted by users but also lets the firms shape political discourse.

Published 29 Oct, 2020 11:11am

Business

PoS Integration: FBR signs MoU with Chain Stores Association

FBR said that this development provides for incentives to the retailers who voluntarily integrate with FBR’s system by 30th November 2020.

Published 29 Oct, 2020 11:04am

Pakistan

ATC acquits PM Imran in Parliament House attack case

He has already been acquitted in the former senior superintendent police Asmatullah Junejo torture case.

Updated 29 Oct, 2020 11:41am

Technology

Apple steps up efforts to create its own ‘search engine’

Earlier, in the iPhone operating system, the web browser 'Safari' used to search for information on any object and reach the desired link through the Google search engine.

Published 29 Oct, 2020 10:40am

Business

Ant Group curbs support for overseas partners in strategy rethink ahead of listing

The shift in strategy by the Alibaba-backed fintech giant came late in 2019, brought on by a change at the helm and a reworking of priorities as it planned for its IPO and grappled with regulatory challenges at home.

Published 29 Oct, 2020 10:25am

Business

Vote and virus: volatile markets bring reminder of March turmoil

A selloff in March wiped a third off the value of U.S. stock indexes over a three-week period and the premium for cash dollars hit multi-year highs as the pandemic slammed markets and locked down economies.

Published 29 Oct, 2020 10:18am

Business

Oil climbs as hurricane shuts U.S. output, bouncing back from 5% slide overnight

U.S. West Texas Intermediate (WTI) crude futures rose 29 cents, or 0.8%, to $37.68 a barrel at 0120 GMT, while Brent crude futures rose 25 cents, or 0.6%, to $39.37 a barrel.

Published 29 Oct, 2020 10:15am

Technology

Microsoft detects cyberattacks from Iran-linked actor engaged in intelligence collection

Microsoft said in a blog, adding it believed Phosphorus is engaging in these attacks for intelligence collection purposes.

Published 29 Oct, 2020 10:11am

COVID-19 positivity ratio higher than 3% as country reports 908 cases

The novel virus also claimed 16 lives in the last 24 hours.

Published 29 Oct, 2020 10:03am

Business

FBR seals Jazz head office for non-payment of over Rs 25bn taxes

FBR in an order stated that the Income Tax amount of Rs 25,393,653,480 is outstanding against the defaulter (Jazz) while the defaulter is refraining itself “deliberately, dishonestly and without lawful excuse to discharge tax liability and thus causing huge loss to the national exchequer.”

Updated 29 Oct, 2020 11:57am

BR Research

Fast-tracking finclusion

Despite the hype about digital payments and financial inclusion, it appears that save for some exceptions, most...

Published 29 Oct, 2020 07:58am

BR Research

MCB’s wrinkle free performance

One tough quarter has not deterred MCB Bank Limited (MCB) from posting a massive 41 percent year-on-year growth in...

Published 29 Oct, 2020 07:57am

BR Research

HUBC – CPHGC driving growth

Hub Power Company Limited’s (PSX: HUBC) coal investments are surely driving the profitability. The power...

Published 29 Oct, 2020 07:57am

BR Research

PPL – 1QFY21 simple and maintained

It could easily be called a non-event quarter for Pakistan Petroleum Limited (PSX: PPL) with flat earnings growth ...

Published 29 Oct, 2020 07:56am

BR Research

Loads Limited

Loads Limited (PSX: LOADS) was established as a private limited company in 1979. Later, in 1994 it was converted ...

Published 29 Oct, 2020 07:20am

World

Germany sets tough new virus curbs as global cases hit record

PARIS: Germany on Wednesday imposed drastic curbs on people’s daily lives to contain a surge in coronavirus cases...

Published 29 Oct, 2020 02:53am

World

Pompeo slams ‘predator’ China as US seeks Asian influence

COLOMBO: US Secretary of State Mike Pompeo called China’s Communist government a “predator” Wednesday as he...

Published 29 Oct, 2020 02:53am

World

Two dead as Typhoon Molave slams into Vietnam

QUANG NGAI, (Vietnam): Two people were reported killed and 26 others missing as Typhoon Molave hit central Vietnam...

Published 29 Oct, 2020 02:53am

World

Treaty banning N-weapons opens ‘new era’: ICAN

GENEVA: In 2017, Beatrice Fihn’s organisation ICAN won the Nobel Peace Prize for what many considered an ...

Published 29 Oct, 2020 02:53am

World

US lifts funding ban on Israeli research in West Bank, Golan

OCCUPIED JERUSALEM: The United States on Wednesday removed restrictions on funding for Israeli research in the...

Published 29 Oct, 2020 02:53am

World

Millions queue to vote as India’s Bihar election gets under way

PATNA: Millions of Indians turned out to cast ballots in a state election Wednesday in the world’s biggest vote...

Published 29 Oct, 2020 02:53am

Pakistan

The Weather

KARACHI: The weather report on Wednesday (October 28, 2020) and the forecast for Thursday (October 29, 2020)....

Published 29 Oct, 2020 02:53am

Pakistan

MDCAT: SHC directs PMC to extend registration deadline

KARACHI: Sindh High Court (SHC) Wednesday directed Pakistan Medical Commission (PMC) to extend registration deadline...

Published 29 Oct, 2020 02:53am

Pakistan

President confers ‘Shaan Pakistan’ award on 38 ‘corona’ heroes

LAHORE: President Dr. Arif Alvi in a ceremony held at Governor House awarded ‘Shaan Pakistan’ award to 38 Corona...

Published 29 Oct, 2020 02:53am

Pakistan

APTMA Punjab assured of early disposal of refund claims

LAHORE: Chief Commissioner Corporate Office, RTO Lahore Amna Hassan has assured Chairman All Pakistan Textile Mills...

Published 29 Oct, 2020 02:53am

Pakistan

Punjab Assembly session on Nov 5

LAHORE: A spokesperson for the Punjab Law and Parliamentary Affairs Department said that a session of the Punjab...

Published 29 Oct, 2020 02:53am

Pakistan

Demographic composition of IIOJK: AJK president denounces India’s sinister designs

LAHORE: President of Azad Jammu and Kashmir Sardar Masood Khan has denounced the Indian attempts to change the...

Published 29 Oct, 2020 02:53am

Pakistan

Terrorist incidents: Pakistan’s concerns conveyed to Afghan FM: Qureshi

ISLAMABAD: Pakistan has once again asked Afghanistan to ensure that its soil is not used by anyone against Pakistan...

Published 29 Oct, 2020 02:53am

Pakistan

Terror groups based in Afghanistan behind terrorism in country?

ISLAMABAD: The remnants and sympathizers of terror groups based in Afghanistan are believed to be behind the latest...

Published 29 Oct, 2020 02:53am

Pakistan

Online dashboard

LAHORE: The Punjab Local Government Department has set up an online dashboard for the department's annual ...

Published 29 Oct, 2020 02:53am

Pakistan

GIDC review petitions: SC cannot make ruling on matters pending before high courts: counsel

ISLAMABAD: Makhdoom Ali Khan, counsel for industrial and commercial entities, said the Sindh High Court (SHC) in 377...

Published 29 Oct, 2020 02:53am

Pakistan

AGP report indicative of incompetence of PTI govt: PML-N

ISLAMABAD: Pakistan Muslim League-Nawaz (PML-N) Wednesday said that the recent report by Auditor General Pakistan...

Published 29 Oct, 2020 02:53am

Pakistan

Ch Khizer joins PML-Q

LAHORE: Ch Khizer Abbas Jatt from Jaranwala and independent candidate for National Assembly seat from Vehari Rana...

Published 29 Oct, 2020 02:53am

Pakistan

Power surcharges: NA panel defers approval of two amendments to laws

ISLAMABAD: The National Assembly Standing Committee on Power Wednesday deferred approval of two amendments in...

Published 29 Oct, 2020 02:53am

Pakistan

Washington and New Delhi: Senate body takes notice of BECA agreement

ISLAMABAD: The Senate Standing Committee on Defence Production on Wednesday passed a resolution, while taking notice...

Published 29 Oct, 2020 02:53am

Pakistan

Covid-19 prevention: Placebo-controlled trial begins at AKU

KARACHI: As the world waits impatiently for a Covid-19 vaccine, the Pakistani arm of the largest global study to ...

Published 29 Oct, 2020 02:53am

Pakistan

Increase in terror incidents: JI chief seeks explanation from govt, agencies

LAHORE: Chief of Jamaat-e-Islami Senator Sirajul Haq has sought explanation from the government and security ...

Published 29 Oct, 2020 02:53am

Pakistan

CDA urged to shun bureaucratic ‘apathy’

ISLAMABAD: Deputy Chairman Senate Saleem Mandviwalla on Wednesday expressed strong annoyance on Capital Development...

Published 29 Oct, 2020 02:53am

World

Russia’s Tu-154 jet completes final passenger voyage

MOSCOW: The Tupolev Tu-154 aircraft, a flagship model of Soviet aviation, flew its final passenger flight on...

Published 29 Oct, 2020 02:53am

World

Nigeria’s Okonjo-Iweala proposed as WTO chief, US opposed

GENEVA: Key WTO ambassadors tapped Nigeria’s Ngozi Okonjo-Iweala Wednesday as the best pick to lead the...

Published 29 Oct, 2020 02:53am

Pakistan

Murad inaugurates Kalidas Small Dam at Nagarparkar

KARACHI/NAGARPARKAR: Sindh Chief Minister Syed Murad Ali Shah has said that the people of Thar were with Pakistan...

Published 29 Oct, 2020 02:53am

Pakistan

Navy conducts successful live weapon firing exercise in N Arabian Sea

KARACHI: In an impressive fire power display, Pakistan Navy Fleet units demonstrated their optimum standard of ...

Published 29 Oct, 2020 02:53am

Pakistan

Umar lays foundation stones of two roads

ISLAMABAD: Federal Minister for Planning, Development and Special Initiatives Asad Umar laid the foundation stone of...

Published 29 Oct, 2020 02:53am

Pakistan

Tap water in Hyderabad not safe to drink; SEPA serves notice on WASA

KARACHI: The laboratory test of water samples collected from Hyderabad filtration plant and carried out by the Sindh...

Published 29 Oct, 2020 02:53am

Pakistan

Work begins to replace faulty flyover joint expansion

KARACHI: Karachi Metropolitan Corporation on Wednesday started replacement of Liaquatabad flyover’s faulty joint...

Published 29 Oct, 2020 02:53am

Pakistan

Park Lane case: Prosecution witness produces different documents before AC

ISLAMABAD: The prosecution witness produced different documents before the Accountability Court hearing ...

Published 29 Oct, 2020 02:53am

Pakistan

Alleged kidnapping of Matiullah: SC expresses dissatisfaction over police report

ISLAMABAD: The Supreme Court on Wednesday expressed dissatisfaction over the Islamabad police report regarding...

Published 29 Oct, 2020 02:53am

Pakistan

Suri says knows well how to run NA

ISLAMABAD: Deputy Speaker National Assembly Qasim Suri on Wednesday correctly schooled the opposition parties on the...

Published 29 Oct, 2020 02:53am

Pakistan

PPP’s Rabbani demands President’s resignation

ISLAMABAD: Former chairman Senate and Pakistan Peoples Party (PPP) stalwart Mian Raza Rabbani said that President Dr...

Updated 29 Oct, 2020 04:41am

Pakistan

IHC informed: Five Indian convicted of espionage released, repatriated to India

ISLAMABAD: The Ministry of Interior on Wednesday apprised the Islamabad High Court (IHC) that five Indian prisoners,...

Updated 29 Oct, 2020 04:41am

Pakistan

Imran Ismail, Umer Ayub visit Hyderabad

HYDERABAD: The Governor Sindh Imran Ismail along with Federal Minister for Power, Petroleum and Natural Resources...

Updated 29 Oct, 2020 04:41am

Pakistan

Provisional release of consignments: Customs directs for consistency

KARACHI: Pakistan Customs has directed the collectors of all three collectorates to ensure consistency in ...

Published 29 Oct, 2020 02:53am

Pakistan

Nepra holds breast cancer awareness session

ISLAMABAD: National Electric Power Regulatory Authority (Nepra) organized a breast cancer awareness session at...

Updated 29 Oct, 2020 04:41am

Life & Style

AAJ PROGRAM SCHEDULE

Thursday, October 29, 2020 TIMING PROGRAM TITLE

Updated 29 Oct, 2020 04:41am

Business

Fiscal deficit contained at 0.9pc of GDP in Jul-Aug: MoF

ISLAMABAD: The Finance Ministry has stated that the government has been able to limit the fiscal deficit at 0.9...

Published 29 Oct, 2020 02:53am

Business

IMC declares financial results for Q1

KARACHI: The Board of Directors of Indus Motor Company (IMC) released its financial results for the first quarter...

Published 29 Oct, 2020 02:53am

Business

Record US Q3 growth assured as goods trade deficit falls, inventories rise

WASHINGTON: The United States’ trade deficit in goods narrowed sharply in September and inventories at retailers...

Published 29 Oct, 2020 02:53am

Gainers
Losers
Leaders

Stock	Price
First Prud Mod. / Oct 29 First Prudential Modaraba(PMI)	1.2400 ▲ 0.14 (12.73%)
J.A.Textile / Oct 29 J.A. Textile Mills Limited(JATM)	7.0767 ▲ 0.68 (6.25%)
Hira Tex. / Oct 29 Hira Textile Mills Limited(HIRAT)	3.0100 ▲ 0.15 (5.24%)
B. F. Mod. / Oct 29 B.F. Modaraba(BFMOD)	6.1500 ▲ 0.30 (2.56%)
Kohinoor Power / Oct 29 Kohinoor Power Company Limited(KOHP)	2.7800 ▲ 0.42 (2.12%)
Nagina Cot. / Oct 29 Nagina Cotton Mills Limited(NAGC)	43.2500 ▲ 0.75 (1.76%)
Zephyr Tex / Oct 29 Zephyr Textiles Limited(ZTL)	8.8017 ▲ 0.28 (1.53%)
Universal Ins. / Oct 29 The Universal Insurance Company Limited(UVIC)	7.0000 ▲ 0.10 (1.45%)
PICIC Insurance / Oct 29 PICIC Insurance Limited(PIL)	1.5400 ▲ 0.14 (0.67%)
Blessed Tex. / Oct 29 Blessed Textiles Limited(BTL)	241.7250 ▲ 0.28 (0.11%)

Stock	Price
Tri-Star / Oct 29 Tri-Star Mutual Fund Limited(TSMF)	4.7000 ▼ 0.70 (-14.71%)
Kohinoor Ind. / Oct 29 Kohinoor Industries Limited(KOIL)	8.9000 ▼ 1.40 (-12.28%)
First Punjab Mod. / Oct 29 First Punjab Modaraba(FPJM)	2.9200 ▼ 0.32 (-10.96%)
Habib Metro / Oct 29 Habib Metropolitan Bank Limited(HMB)	37.5500 ▼ 3.95 (-10.40%)
Summit Bank / Oct 29 Summit Bank Limited(SMBL)	1.9200 ▼ 0.23 (-10.05%)
Ruby Tex. / Oct 29 Ruby Textile Mills Limited(RUBY)	8.4400 ▼ 0.84 (-9.95%)
Askari Life Assur. / Oct 29 Askari Life Assurance Company Limited(ALAC)	8.7000 ▼ 0.80 (-9.20%)
Nishat Mills / Oct 29 Nishat Mills Limited(NML)	94.9900 ▼ 8.69 (-9.02%)
Byco Petr. / Oct 29 Byco Petroleum Pakistan Limited(BYCO)	9.9500 ▼ 0.91 (-8.69%)
First UDL Mod. / Oct 29 First UDL Modaraba(FUDLM)	8.8800 ▼ 0.73 (-8.22%)

Stock	Volume
Unity Foods / Oct 29 Unity Foods Limited(UNITY)	33,056,000 ▼ 1.39
Pak Int.Bulk Ter / Oct 29 Pakistan International Bulk Terminal Limited(PIBTL)	23,398,000 ▼ 0.72
Hascol Petroleum / Oct 29 Hascol Petroleum Limited(HASCOL)	15,431,529 ▼ 0.46
Hub Power Co. / Oct 29 The Hub Power Company Limited(HUBC)	15,229,993 ▼ 4.58
Shabbir Tiles / Oct 29 Shabbir Tiles & Ceramics Limited(STCL)	12,286,000 ▼ 1.44
Maple Leaf / Oct 29 Maple Leaf Cement Factory Limited(MLCF)	11,810,063 ▼ 1.00
Power Cement / Oct 29 Power Cement Limited(POWER)	10,129,500 ▼ 0.40
Kot Addu / Oct 29 Kot Addu Power Company Limited(KAPCO)	10,058,000 ▼ 1.04
Pakistan Refinery / Oct 29 Pakistan Refinery Limited(PRL)	8,073,000 ▼ 1.00
TRG Pak. / Oct 29 TRG Pakistan Limited(TRG)	7,829,000 ▼ 2.78

Markets →

Forex
World
Econ

Currency	Rate
USD PKR Interbank Selling / Oct 29	160.65
USD PKR Interbank Buying / Oct 29	160.55
USD to Japanese Yen / Oct 29	104.33
USD to Swiss Franc / Oct 29	0.91
Pound Sterling to USD / Oct 29	1.30
Euro to USD / Oct 29	1.17

Stock	Volume
S&P 500 / Oct 29	3271.03
India Sensex / Oct 29	39922.46
Tokyo Nikkei / Oct 29	23418.51
Nasdaq / Oct 29	11004.87
Hang Seng / Oct 29	24708.80
FTSE 100 / Oct 29	5582.80
Dow Jones / Oct 29	26519.95
Germany DAX 30 / Oct 29	11560.51
France CAC40 / Oct 29	4571.12

Indicator	Value
Weekly Foreign Reserves / Oct 29	19301.60
UK LIBOR % / Oct 29	0.08
GDPGROWTH / Oct 29	5.40
Foreign Debt (PKR billions) / Oct 29	15087.50
Per Capita Income USD (CPI) / Oct 29	1516.00
Average CPI % / Oct 29	11.11

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