Latest - Business Recorder

Sports

PCB announces schedule for Zimbabwe series

Multan to host ICC Men’s Cricket World Cup Super League matches; T20Is to be played in Rawalpindi.

Updated 23 Sep, 2020 03:34pm

Pakistan

Maryam assails political leaders for discussing constitutional matters with the military leadership

She said matters concerning Pakistan should not be discussed at GHQ, but in Parliament.
PML-N leader Ahsan Iqbal has denied reports of any one-on-one meeting with the army chief.

Updated 23 Sep, 2020 03:25pm

World

Worldwide coronavirus cases cross 31.58 million, death toll at 968,599

Infections have been reported in more than 210 countries and territories since the first cases were identified in China in December 2019.

Published 23 Sep, 2020 03:02pm

Two Pak Army soldiers martyred as Indian troops continue ceasefire violation along LoC

ISPR states that Pakistan Army responded and target those posts which initiated fire. Reports of substantial damage to Indian post and men and material.

Published 23 Sep, 2020 02:41pm

Business

Why did Shabbar Zaidi Resign? He reveals in the first interview since stepping down

Shabbar Zaidi resigned as Chairperson FBR due to his mental health condition.

Updated 23 Sep, 2020 03:15pm

DGA Sindh’s report reveals massive corruption, irregularities in government departments

The Director General Audit (DGA), Sindh’s report for the year 2016-17, has found massive irregularities worth billions in various government departments.
The province’s bureaucracy has failed to respond or comply with the Audit’s board recommendations.
Sindh’s provincial government has not taken action, fueling speculations of lawmaker’s involvement on the scandal.

Published 23 Sep, 2020 02:18pm

Business

ECC approves removal of duties on selected items of textile sector

The advisor informed that notification will be issued after ratification by the Cabinet.

Published 23 Sep, 2020 01:57pm

Sports

Barcelona’s Semedo completes move to Wolves

Both clubs made the official announcements on Wednesday via their social accounts.

Updated 23 Sep, 2020 02:39pm

Sports

Bale could extend Spurs stay beyond loan spell, says agent

The Welshmen winger returned to Tottenham after seven years on a year-long loan spell last week.

Published 23 Sep, 2020 01:48pm

Sports

Morata returns to Juventus on one-year loan deal

The agreement also gives Old Lady an option to buy the 27-year-old at the end of the season for 45 million euros.

Published 23 Sep, 2020 01:33pm

Sports

Zimbabwe confirms limited-overs tour of Pakistan

Both teams will play three ODIs and same number of T20Is in October and November.

Published 23 Sep, 2020 01:32pm

Business

Geopolitical tensions pushing China, India towards inward economy

The report said that an inward turn in economic policy was already underway in Asia before the arrival of the coronavirus (COVID-19), but the global disruption caused by the pandemic has accelerated this shift.

Published 23 Sep, 2020 01:01pm

World

Palestine exits Arab League amidst mounting protests over Israel deal

The Palestinian Authority has formally stepped down from a key role in the Arab League, and widely rejected President Trump’s proposals, stating that it would destroy their hopes of attaining a viable independent state.

Updated 23 Sep, 2020 12:53pm

Technology

Check out this Japanese lamp can kill coronavirus

With the development of a vaccine still under trial, a Japanese lighting company Oshio has found another solution to the problem and has developed a device that emits ultraviolet rays that can kill the COVID-19 virus without harming humans.

Published 23 Sep, 2020 12:23pm

World

COVID-19 may wipeout Indian, Mexican and Brazilian economies, UNCTAD warns

The developing world will be hit hard by the economic fallout as levels of informality are high in these regions.
The crisis may wipe over USD 6 trillion globally.
Any premature measures in the road to recovery may prompt a “double-dip recession a real possibility in many countries in 2022.”

Published 23 Sep, 2020 11:05am

Business

Unannounced loadshedding hits Karachi again

KE is of the view that the issue is due to low gas pressure that has adversely hit its generation capacity, as various areas suffer from 8 to 12 hours of load shedding.

Published 23 Sep, 2020 10:38am

Business

Pakistan’s CAB turns into surplus for second consecutive month

SBP was of the view that efforts to attract workers’ remittances, flexible exchange rate and relatively benign import prices explain the improving current account balance.

Published 23 Sep, 2020 10:30am

Turkish president expresses unwavering support for Kashmir cause, earns Pakistan’s appreciation

Turkey’s unwavering support remains a source of strength for the Kashmiris in their legitimate struggle for self-determination," the PM said.

Published 23 Sep, 2020 10:28am

Markets

Asian stocks struggle to build on Wall Street gains, dollar rises

MSCI’s broadest index of Asia-Pacific shares outside Japan was steady after two days of declines, but the mood was hardly bullish.

Published 23 Sep, 2020 10:06am

Markets

Oil down after U.S. crude inventories rise against expectations

Brent crude was trading down 30 cents, or 0.7%, at $41.42 a barrel by 0347 GMT, after gaining 28 cents on Tuesday, while U.S. crude dropped 34 cents, or 0.9%, to $39.46.

Published 23 Sep, 2020 10:04am

Business

Huawei's supply chain has been 'attacked', says chairman

Guo was speaking at the Chinese smartphone and telecoms gear maker’s annual Huawei Connect event in Shanghai that focuses on information and communications technology.

Published 23 Sep, 2020 10:02am

Business

Asian business confidence rebounds sharply, pandemic casts shadow

It was also higher than the 50-point mark, which indicates a positive outlook.

Published 23 Sep, 2020 10:00am

Business

Reliance says KKR to invest $755.1 million in retail arm

KKR's investment will translate to a 1.28% stake in Retail Ventures Ltd, according to Reliance. Reliance, controlled by Asia’s richest man Mukesh Ambani has been looking to expand rapidly online to take on the likes of Walmart Inc’s Flipkart and Amazon.com Inc’s Indian arm.

Published 23 Sep, 2020 09:57am

Middle schools reopen in Pakistan

Sindh has decided to resume secondary classes on September 28.

Updated 23 Sep, 2020 09:51am

BR Research

Cotton imports: sign of days to come?

August 2020 was supposed to be the low point in Pakistan’s external trade scorecard. Heavy monsoon rains across ...

Published 23 Sep, 2020 07:39am

BR Research

Exporters’ energy woes

The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has shown its dismay and surprise on the...

Published 23 Sep, 2020 07:39am

BR Research

Global trade: Not okay

Globalization and international merchandise trade is down as predicted by relevant watchers—and all signs indicate...

Published 23 Sep, 2020 07:38am

BR Research

Coal burning out?

Coal prices have been falling over the past two years—recording their lowest in nearly five years after reaching a...

Published 23 Sep, 2020 07:36am

BR Research

Security Papers Limited

Security Papers Limited (PSX: SEPL) was established in 1965 as a private company. It was converted into a public...

Published 23 Sep, 2020 07:36am

World

Xi says no intention to fight ‘a Cold War or hot one’ with any country

UNITED NATIONS: Chinese President Xi Jinping told the United Nations General Assembly on Tuesday that Beijing has...

Published 23 Sep, 2020 02:48am

World

Sri Lanka unveils controversial bill handing more power to president

COLOMBO: Sri Lanka’s ruling party Tuesday unveiled a constitutional amendment handing unprecedented power to the...

Published 23 Sep, 2020 02:48am

World

Abu Dhabi abolishes permit system for buying alcohol

ABU DHABI: Authorities in the UAE capital Abu Dhabi have abolished the requirement for permits to purchase and...

Published 23 Sep, 2020 02:48am

World

Rescuers find five alive, over 30 hours after India building collapse

MUMBAI: Emergency workers rescued five more people from the rubble of a collapsed apartment block in western India...

Published 23 Sep, 2020 02:48am

World

Turkey, Greece agree to talks on Mediterranean tensions

ANKARA: Turkey and Greece have agreed to talks over disputed waters in the eastern Mediterranean, both sides said...

Published 23 Sep, 2020 02:48am

World

Britain to impose new virus curbs as WHO issues grim warning

LONDON: The British government announced fresh steps on Tuesday to try to stop a coronavirus surge in England, as ...

Published 23 Sep, 2020 02:48am

World

EU tells UK to ‘stop the games’ on Brexit

BRUSSELS: Weary EU officials prepared for another round of urgent Brexit negotiations Tuesday, with time running out...

Published 23 Sep, 2020 02:48am

World

Blast rocks Hezbollah site

AIN QANA, (Lebanon): An explosion rocked a Hezbollah site in a village in southern Lebanon on Tuesday, residents...

Published 23 Sep, 2020 02:48am

World

India approves labour reforms amid union protests

NEW DELHI: India’s lower house of parliament on Tuesday approved long-pending, disputed labour reforms in the ...

Published 23 Sep, 2020 02:48am

World

Spain moves to ensure firms cover homeworking costs

MADRID: Businesses cannot force employees to work from home and for those that do, they must cover the costs...

Published 23 Sep, 2020 02:48am

World

Luckin Coffee, associated firms fined $9m over scandal

BEIJING: Embattled Chinese chain Luckin Coffee is among a raft of 45 companies hit with a combined fine of nearly $9...

Updated 23 Sep, 2020 03:20am

Pakistan

Tax reforms: APAT announces countrywide agitation against PTI govt

LAHORE: Rejecting the CNIC-based invoicing condition, the All Pakistan Anjuman-e-Tajran (APAT) has announced to...

Published 23 Sep, 2020 02:48am

Pakistan

Money laundering case: LHC extends pre-arrest bail of Shehbaz

LAHORE: The Lahore High Court on Tuesday extended pre-arrest bail of Leader of Opposition in National Assembly...

Published 23 Sep, 2020 02:48am

Pakistan

Intermediate Part II results announced

LAHORE: The Board of Intermediate and Secondary Education Lahore on Tuesday announced the results of the annual...

Published 23 Sep, 2020 02:48am

Pakistan

APC termed failed drama: Punjab CM directs action against those involved in raising flour rate

LAHORE: Chief Minister Sardar Usman Buzdar, in a meeting with Senior Minister Abdul Aleem Khan, here Tuesday ...

Published 23 Sep, 2020 02:48am

Pakistan

Pakistan can’t bear brunt of political instability: Iftikhar

LAHORE: Pakistan can neither bear the brunt of political instability nor afford politics of agitation, violence,...

Published 23 Sep, 2020 02:48am

Pakistan

PMPKL partners with NOWPDP on World Cleanup Day

KARACHI: On World Cleanup Day 2020, the not for profit organization Network of Organizations Working with Persons...

Published 23 Sep, 2020 02:48am

Pakistan

Qureshi highlights UN’s failure to resolve Kashmir, Palestine disputes

ISLAMABAD: While reaffirming Pakistan’s support to the United Nations on it’s 75th anniversary, Foreign Minister...

Published 23 Sep, 2020 02:48am

Pakistan

Hepatitis patients: Free screening, treatment centre established in Keamari

KARACHI: MM Group of Companies and The Health Foundation have joined hands to provide free screening and treatment...

Published 23 Sep, 2020 02:48am

Technology

Online marketing: OLX introduces ad tool for business promotion

KARACHI: OLX, Pakistan’s number one marketplace, has introduced an advertising tool to help small and medium...

Published 23 Sep, 2020 02:48am

Pakistan

Middle school classes resume across country sans Sindh today

ISLAMABAD: The government, while terming the pandemic situation in control, has allowed schools across the country ...

Published 23 Sep, 2020 02:48am

Pakistan

Gas shortfall in Karachi result of Sindh govt’s rigidity: Omar

ISLAMABAD: Gas shortfall in Karachi is the result of the provincial government’s rigidity as ruling party in Sindh...

Published 23 Sep, 2020 02:48am

Pakistan

Benazir Bhutto murder case: LHC issues arrest warrants for Aitzaz Shah, Zaman

ISLAMABAD: The Lahore High Court on Tuesday while expressing annoyance over non-appearance of accused, Aitzaz Shah...

Published 23 Sep, 2020 02:48am

Pakistan

Wahab asks federal govt to resolve gas shortage issue

KARACHI: Spokesperson for Sindh government and advisor to CM Murtaza Wahab has urged the federal government to...

Published 23 Sep, 2020 02:48am

Pakistan

NAB summons Fazl in assets beyond means case

PESHAWAR: National Accountability Bureau (NAB) Khyber Pakhtunkhwa has summoned Jamiat Ulema-i-Islam-Fazl (JUI-F)...

Published 23 Sep, 2020 02:48am

Pakistan

No regularisation policy for Railways employees annoys SC

ISLAMABAD: The Supreme Court expressed annoyance over no policy for regularisation of the Railways employees. A...

Published 23 Sep, 2020 02:48am

Pakistan

‘Siddiqui’s acquittal proves MQM-P had no link with case’

KARACHI: Muttahida Qaumi Movement-Pakistan (MQM-P) on Tuesday said that the party leader Rauf Siddiqui’s acquittal...

Published 23 Sep, 2020 02:48am

Business

US existing home sales approach 14-year high

WASHINGTON: US home sales surged to their highest level in nearly 14 years in August as the housing market continued...

Published 23 Sep, 2020 02:48am

Business

Eurozone rebounds from recession but clouds gather

FRANKFURT: Europe appears to have weathered a pandemic-induced recession better than many feared, a slew of...

Updated 23 Sep, 2020 03:14am

Pakistan

Two sentenced to death for Baldia factory fire

KARACHI: An anti-terrorism court, here on Tuesday awarded death sentence to two accused including Rehman alias Bhola...

Published 23 Sep, 2020 02:48am

Pakistan

Karachi subjected to unannounced power outages

KARACHI: Various parts of the metropolis were yet again subjected to prolonged and unannounced power outages due to...

Published 23 Sep, 2020 02:48am

Gainers
Losers
Leaders

Stock	Price
Bal. Wheel / Sep 23 Baluchistan Wheels Limited(BWHL)	75.2300 ▲ 10.48 (14.29%)
First Equity Mod. / Sep 23 First Equity Modaraba(FEM)	4.1900 ▲ 0.49 (13.24%)
Mian Textile / Sep 23 Mian Textile Industries Limited(MTIL)	6.1000 ▲ 0.50 (5.18%)
Orix Moda. / Sep 23 Orix Modaraba(ORIXM)	19.1500 ▲ 0.85 (4.64%)
Asim Textile / Sep 23 Asim Textile Mills Limited(ASTM)	9.0000 ▲ 0.39 (4.41%)
Zephyr Tex / Sep 23 Zephyr Textiles Limited(ZTL)	8.0000 ▲ 0.25 (3.23%)
TPL Trakker / Sep 23 TPL Trakker Limited(TPLT)	10.0000 ▲ 0.30 (3.09%)
Redco Tex. / Sep 23 Redco Textiles Limited(REDCO)	7.0000 ▲ 0.11 (1.60%)
K.S.B. Pumps / Sep 23 KSB Pumps Company Limited(KSBP)	287.2683 ▲ 14.27 (1.47%)
Crescent Star / Sep 23 Crescent Star Insurance Limited(CSIL)	3.5000 ▲ 0.40 (1.25%)

Stock	Price
Trust Mod. / Sep 23 Trust Modaraba(TRSM)	3.2000 ▼ 1.15 (-26.52%)
PICIC Insurance / Sep 23 PICIC Insurance Limited(PIL)	1.3300 ▼ 0.26 (-19.55%)
First Elite Cap. Mod. / Sep 23 First Elite Capital Modaraba(FECM)	3.1500 ▼ 0.75 (-19.46%)
Saudi Pak Leas. / Sep 23 Saudi Pak Leasing Company Limited(SPLC)	1.9900 ▼ 0.38 (-16.58%)
Popular Islamic Mod. / Sep 23 Popular Islamic Modaraba(PIM)	7.0100 ▼ 1.00 (-14.14%)
Al-Mali / Sep 23 Modaraba Al-Mali(MODAM)	8.0000 ▼ 1.00 (-12.50%)
Reliance Weav. / Sep 23 Reliance Weaving Mills Limited(REWM)	32.3500 ▼ 3.85 (-11.79%)
Shaheen Ins. / Sep 23 Shaheen Insurance Company Limited(SHNI)	4.5000 ▼ 0.49 (-10.89%)
Bilal Fibres / Sep 23 Bilal Fibres Limited(BILF)	1.6900 ▼ 0.18 (-10.65%)
Pervez Ahmed Cons. / Sep 23 Pervez Ahmed Consultancy Services Ltd.(PASL)	1.1400 ▼ 0.16 (-10.53%)

Stock	Volume
SILKBANK / Sep 23 Silkbank Limited(SILK)	157,950,500 ▼ 0.10
Unity Foods / Sep 23 Unity Foods Limited(UNITY)	23,258,000 ▼ 1.18
Jahangir Sid. Co. / Sep 23 Jahangir Siddiqui & Co. Ltd.(JSCL)	23,231,000 ▼ 3.85
Hascol Petroleum / Sep 23 Hascol Petroleum Limited(HASCOL)	20,113,000 ▼ 0.77
P.T.C.L.A / Sep 23 Pakistan Telecommunication Company Ltd(PTC)	17,481,000 ▼ 0.76
Bank of Punjab / Sep 23 The Bank of Punjab(BOP)	14,393,000 ▼ 0.51
K-Electric Ltd / Sep 23 K-Electric Limited(KEL)	14,128,000 ▼ 0.21
Aisha Steel / Sep 23 Aisha Steel Mills Limited(ASL)	10,138,000 ▼ 1.49
Maple Leaf / Sep 23 Maple Leaf Cement Factory Limited(MLCF)	9,232,000 ▼ 1.63
Pak Int.Bulk Ter / Sep 23 Pakistan International Bulk Terminal Limited(PIBTL)	8,505,500 ▼ 0.44

Markets →

Forex
World
Econ

Currency	Rate
USD PKR Interbank Selling / Sep 23	166.25
USD PKR Interbank Buying / Sep 23	166.15
USD to Japanese Yen / Sep 23	104.93
USD to Swiss Franc / Sep 23	0.92
Pound Sterling to USD / Sep 23	1.27
Euro to USD / Sep 23	1.17

Stock	Volume
S&P 500 / Sep 23	3317.49
India Sensex / Sep 23	37734.08
Tokyo Nikkei / Sep 23	23360.30
Nasdaq / Sep 23	10963.64
Hang Seng / Sep 23	23716.85
FTSE 100 / Sep 23	5829.46
Dow Jones / Sep 23	27288.18
Germany DAX 30 / Sep 23	12504.39
France CAC40 / Sep 23	4772.84

Indicator	Value
Weekly Foreign Reserves / Sep 22	19959.00
GDPGROWTH / Sep 22	5.40
Foreign Debt / Sep 22	15087.50
Per Capita Income (CPI) / Sep 22	1516.00
Average CPI / Sep 22	11.11
UK LIBOR / Sep 23	0.08

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