News Archives for Print - 2019-11-03

Print - 2019-11-03

Telecommunication

Apple asks US to waive tariffs on Chinese-made watches, iPhone parts, AirPods

Apple Inc asked the Trump administration to waive tariffs on Chinese-made Apple Watches, iPhone components and other consumer products, according to company filings with the US Trade Representative's Office.

Updated 03 Nov, 2019 11:04pm

Italy to ban flights by Iran's Mahan Air from mid-December

Italy is set to ban flights by Iran's Mahan Air, an Iranian industry official said on Saturday, as the United States seeks action against the airline accused by the West of transporting military equipment and personnel to Middle East war zones. Germany an

Updated 04 Nov, 2019 08:55am

Attack on Mali military post kills 49 soldiers

A "terrorist attack" on a military post in strife-torn northeastern Mali has left 49 soldiers dead, the army said Saturday, revising downward an earlier death toll.

Published 03 Nov, 2019 12:00am

PSDP 2019-20: Government releases Rs 37 billion for CPEC projects

The federal government has released about Rs 37 billion (38.5 percent) for China-Pakistan Economic Corridor (CPEC) development projects under Public Sector Development Program (PSDP) 2019-20 against the total budgeted allocation of Rs 95.73 billion, it is

Published 03 Nov, 2019 12:00am

PTI to file case against Fazl

Pakistan Tehreek-e-Insaf (PTI) core committee has decided to file a case against the statement of Jamiat Ulema-e-Islam (Fazl) chief Maulana Fazlur Rehman that the protestors have the capability to arrest prime minister from home.

Published 03 Nov, 2019 12:00am

Fazl says opposition mulling D-Chowk option

Jamiat Ulema-e-Islam-Fazl (JUI-F) Emir Maulana Fazlur Rehman on Saturday said the opposition is actively considering the option to march towards D-Chowk if Prime Minister Imran Khan does not accept opposition's demand to step down.

Published 03 Nov, 2019 12:00am

Opposition, government harden positions

Convener Rahbar Committee Akram Khan Durrani has said that there is consensus among the opposition parties on the issues of Prime Minister Imran Khan's resignation and demand for fresh elections without military's interference.

Published 03 Nov, 2019 12:00am

Iran says cooperation plan sent to Gulf neighbours

Iran said Saturday it has sent Iraq and Arab states of the Gulf the text of its security and cooperation project first unveiled by President Hassan Rouhani at the UN in September.

Published 03 Nov, 2019 12:00am

No bar on beneficiaries to sell forex at bank of choice: SBP

The State Bank of Pakistan (SBP) does not restrict beneficiaries to sell their foreign currency account proceeds on their respective bank's counter and they have the choice to sell the proceeds at any authorized dealer (bank) of their choice or in open ma

Published 03 Nov, 2019 12:00am

Saudi prince seen formally launching Aramco IPO today

Saudi Crown Prince Mohammed bin Salman is expected on Sunday to formally launch a long-anticipated stock offering of Saudi Aramco, a person close to the matter said Friday.

Published 03 Nov, 2019 12:00am

ASEAN leaders hanker for trade deal

Southeast Asian leaders met Saturday in Thailand eyeing a breakthrough in talks over the world's largest trade deal to help throw off the torpor which has gripped the global economy since the start of the US-China tariff war.

Published 03 Nov, 2019 12:00am

New commercial connections: Discos endorse FBR decision to disallow unregistered applicants

Power distribution companies have endorsed the decision of the Federal Board of Revenue (FBR) that any application for commercial and industrial connection of electricity shall not be entertained unless the applicant is registered under Section 181 of the

Published 03 Nov, 2019 12:00am

October exports post 6 percent growth YoY

The country's exports have posted a growth of 6 percent to $ 2.008 billion in October 2019 from $ 1.896 billion in the corresponding period last year.

Published 03 Nov, 2019 12:00am

Over 30 Pakistani migrants found in lorry in France

More than 30 migrants from Pakistan have been found hidden in a lorry in southern France, prosecutors said Saturday.

Published 03 Nov, 2019 12:00am

Landmine kills nine children in Afghanistan

A landmine explosion killed nine children in northeastern Afghanistan on Saturday, an official said, amid an increase in civilian casualties in the long-running and brutal war.

Published 03 Nov, 2019 12:00am

Iran unveils new anti-US murals at former embassy

Iran on Saturday unveiled new anti-American murals on the walls of the former US embassy as Tehran prepares to celebrate the 40th anniversary of the storming of what it labels the "den of spies".

Published 03 Nov, 2019 12:00am

Volumetric increase in exports: Pahsa contests SBP's claim

The Governor State Bank of Pakistan's claim that the country's exports have increased in terms of volume is inaccurate as apart from rice, which witnessed a 52 percent increase in terms of volume, exports of all other items have contracted.

Published 03 Nov, 2019 12:00am

Defiant Trump says impeachment delivers him an 'angry majority'

A combative US President Donald Trump told supporters in his electoral stronghold of Mississippi on Friday that a push to impeach him is driving an "angry" Republican surge ahead of 2020.

Published 03 Nov, 2019 12:00am

Karachi Package: No money released by Centre for four projects

The federal government has not released a single penny for the four development projects under federal-funded Karachi Package in first four months of current financial year despite allocating the amounts in the budget.

Published 03 Nov, 2019 12:00am

Pakistan deeply concerned at rising trend of Islamophobia

The 18th two-day meeting of the Council of Heads of Government (CHG) of SCO Member States concludes in Tashkent, the capital of Uzbekistan Saturday.

Published 03 Nov, 2019 12:00am

Turkey to send back foreign Islamic State fighters

The Turkish government said on Saturday it would send foreign Islamic State fighters captured in Syria back to their countries of origin, despite the unwillingness of notably Europe states to take them in.

Published 03 Nov, 2019 12:00am

Munir Akram takes charge as Pakistan's envoy to UN

Munir Akram took charge as Pakistan's permanent representative to the United Nations (UN) on Saturday.

Published 03 Nov, 2019 12:00am

Reference against judge: Another petition filed against composition of bench

Another petition has been filed to challenge the composition of 10-member bench that will resume hearing of petitions against the Presidential Reference against Justice Qazi Faez Isa from tomorrow (Monday).

Published 03 Nov, 2019 12:00am

Letters

Compliance of safety regulations

Disastrous inferno incident of ill-fated Tezgam Express in early morning of Thursday raises anxieties pertaining to causes, led to said unfortunate occurrence in the history of railways, claiming nearly 74 precious lives and injuring 40, besides interrupt

Published 03 Nov, 2019 12:00am

Articles

Nigeria's new media code sparks worries over freedom of expression

Nigeria has announced it will tighten regulations on social media in a bid to fight the "cancer" of fake news and disinformation, but the proposal has triggered an outcry over a potential crackdown on freedom of expression.

Published 03 Nov, 2019 12:00am

Articles

Demolished Palestinian home becomes conflict symbol

The pile of rubble that Latifa Naji used to call home has become an unlikely symbol in the Israeli-Palestinian conflict.

Published 03 Nov, 2019 12:00am

Articles

Stabilisation to last longer

Pressure is mounting on the PTI government to come up with pro-growth policies sooner than later. However, the IMF and SBP are probably thinking that stabilization has just started and it would be too early to ease any kind of fiscal or monetary policy fo

Published 03 Nov, 2019 12:00am

More pressure on media freedom

Pakistan Electronic Media Regulatory Authority (Pemra) did not seem to know what it was doing when it issued an order to TV channels, taking advantage of a contempt of court case being heard by the Islamabad High Court (IHC) against media channels who all

Updated 04 Nov, 2019 06:34am

A serious threat to public health

Smog has started to descend for the third consecutive year on Lahore due to the convergence of lowering temperatures and high levels of air pollution. The officials concerned have not only been contradicting private groups' findings that show the air qual

Updated 04 Nov, 2019 06:44am

Core inflation outpaces CPI

According to the latest report uploaded by the International Monetary Fund titled "Regional Economic Outlook: Middle East, North Africa, Afghanistan and Pakistan," core inflation in Pakistan was lower than Consumer Price Index for the period 2000-15 by 1.

Updated 04 Nov, 2019 06:36am

Karachi conference enters second day at IBA

The second day of the 7th Annual International Karachi Conference kicked off with the President of the Karachi Conference Foundation (KCF), Dr. Asma Ibrahim, reiterating KCF's commitment to promote awareness on Karachi's development and heritage at the JS

Published 03 Nov, 2019 12:00am

SMIU confers degrees on 287 students

The Sindh Madressatul Islam University (SMIU) on Saturday awarded 287 degrees, including eight gold medals, 92 graduates and 195 undergraduates in its third annual convocation. The ceremony held at the Expo Centre was presided over by Pro Chancellor Nisar

Published 03 Nov, 2019 12:00am

Business & Economy

Ease of Doing Business: Sindh government to develop e-network among land holding agencies

The Sindh government has decided to establish an e-network among all the land holding departments and agencies so that verification of land record could be made easily without bothering the investors. This decision was taken in a follow up meeting between

Published 03 Nov, 2019 12:00am

Taxes

FBR links promotions of lower staff to PSC exam

The Federal Board of Revenue (FBR) has linked promotion of lower staff to the rank of inspector to the Public Service Commission examination. Sources said the FBR has issued a letter to all Chief Commissioners and Director Generals, carrying instructions

Updated 04 Nov, 2019 07:19am

Business & Economy

Decision for setting up industrial zones welcomed

Chairman Hyderabad SITE Association of Trade and Industry Mazhar-ul-Haq has welcomed the decision of Sindh Government for setting up industrial zones in Hyderabad and Larkana. In a statement here on Saturday, the Chairman HSATI while referring the address

Published 03 Nov, 2019 12:00am

Daughters along with their paramour kill father

Merciless daughters along with their alleged paramour killed their father and escaped after committing the crime, police said on Saturday. According to detail, tortured body of 50-year-old Muhammad Rahim s/o Abdul Rahim was recovered from fourth floor of

Published 03 Nov, 2019 12:00am

Attempt to smuggle amphetamine foiled

Pakistan Customs on Saturday foiled an attempt to smuggle amphetamine (heroin) to Saudi Arabia from Jinnah International Airport (JIAP), Karachi. According to details, the staff posted at JIAP intercepted a passenger Amanullah, who was travelling to Madin

Published 03 Nov, 2019 12:00am

Business & Economy

PAMA saddened over Yousuf Sherazi death

Pakistan Automotive Manufacturers Association (PAMA) has expressed sorrow and grief over the sad demise of the founder and Chairman of Atlas Group of Companies Yusuf H Shirazi. "It is like an end of an era as Shirazi Saheb is no more with us," said Direct

Published 03 Nov, 2019 12:00am

Business & Economy

PBIF chief expresses concern over focus on existing taxpayers

President Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain has said unnecessary focus on existing taxpayers to increase revenue is resulting in frustration and disappointment which can lead to flight of capital. Talking to the busin

Published 03 Nov, 2019 12:00am

Stocks

Rules notified for rehabilitation of sick companies

The Securities and Exchange Commission of Pakistan (SECP) with the approval of the federal government has notified the Corporate Restructuring Companies Rules, 2019. The enactment of Rules provided institutional arrangements and legal processes for the re

Updated 04 Nov, 2019 07:20am

Ghani slams government for vindictiveness against Zardari

Sindh Minister for Information, Archives and Labour Saeed Ghani on Saturday said that former President Asif Ali Zardari was not being provided with the necessary treatment facilities. While slamming the federal government, the Provincial Minister said Asi

Published 03 Nov, 2019 12:00am

Business & Economy

Cement sector reports 9.19 percent growth in October

The cement sector has reported 9.19 percent increase in cement despatches in October 2019 despatching 4.984 million tons cement, an all time record for a month's despatches, as compared to 4.564 million tons in October 2018.

Published 03 Nov, 2019 12:00am

Nawaz's condition remains 'critical', claims Dr Adnan

With decline in platelets counts of the former Prime Minister to the level of around 39,000, the PML-N supremo's personal physician Dr Adnan on Saturday tweets that health of Nawaz Sharif remains 'critical.'

Published 03 Nov, 2019 12:00am

Blasphemy case: LHC directs to ensure security of witnesses

The Lahore High Court has directed the Inspector General of Police to ensure protection of witnesses of lynching incident of a Christian couple in Kot Radha Kishan.

Published 03 Nov, 2019 12:00am

Energy

KBP slams rise in rates of POL products

Kissan Board Pakistan (KBP) reacting to an increase in the prices of certain petroleum products has said that it will add to the woes of the common man.

Updated 04 Nov, 2019 07:21am

Youth should make identity through positive activities: Alvi

President of Pakistan Dr. Arif Alvi said on Saturday that the youth of the country should make their identity through music, literature and culture instead of indulging in the negative activities.

Published 03 Nov, 2019 12:00am

Siraj criticises government's economic policies

Jamaat-e-Islami Chief, Senator Sirajul Haq has said that the imposition of draconian economic policies, rising unemployment and skyrocketing inflation are the hallmarks of the PTI government.

Published 03 Nov, 2019 12:00am

Business & Economy

MCC PQ October revenue target up 5.23 percent MoM

The Model Customs Collectorate (MCC) of Port Muhammad Bin Qasim (PMBQ), Karachi, has surpassed its total revenue target for the month of October 2019.

Published 03 Nov, 2019 12:00am

DLA set up: NHA Board recommends provision of land to NH&MP

The National Highway Authority (NHA) Executive Board has recommended provision of land to National Highway & Motorway Police (NH&MP) at three sites for establishment of offices of Driving Licensing Authority (DLA) by granting exemption from Leasing Policy

Published 03 Nov, 2019 12:00am

President urges unity, solidarity to address Kashmir issue

President Dr Arif Alvi meets Governor Punjab Chaudhry Mohammad Sarwar and Chief Minister Sardar Usman Buzdar, here at Governor's House and discussed matters concerning development strategy in Punjab and matters of mutual interest.

Published 03 Nov, 2019 12:00am

Nanbais demand 50 percent rise in roti price

Nanbais (bakers) have demanded the district administration to increase roti price by Rs5. Importantly, the representatives of the nanbai association have given a deadline till November 5 for the acceptance of their demand and warned if that didn't happen,

Published 03 Nov, 2019 12:00am

Country's institutions guarantors of security: Dr Firdous

Special Assistant on Information and Broadcasting Dr Firdous Ashiq Awan Saturday said the country's institutions are our pride and guarantor of the defence and security of the motherland.

Published 03 Nov, 2019 12:00am

Opposition worries over improvements in economy: minister

Federal Minister for Economic Affairs, Hammad Azhar, said Saturday that the opposition parties are worried over Prime Minister Imran Khan's effective steps for making improvements in the national economy. Hammad Azhar, while talking exclusively to a priva

Published 03 Nov, 2019 12:00am

Pakistan to learn from China's agriculture research: VC Sargodha varsity

Vice-Chancellor, University of Sargodha, Ishtiaq Ahmed said that cooperation in the agriculture sector is very important between Pakistan and China and Pakistani universities which can benefit from Chinese research and technology in this vital field. Talk

Published 03 Nov, 2019 12:00am

CDA to construct five interchanges

In order to cater future traffic needs and further expand and extend the road infrastructure in the federal capital, the Capital Development Authority (CDA) has decided to construct five interchanges in the city. Instructions have been issued to prepare P

Published 03 Nov, 2019 12:00am

Prices of essential kitchen items witness mixed trend

Prices of most of the essential kitchen items have witnessed a mixed trend during this week past as compared to previous week, a survey conducted by Business Recorder revealed here on Saturday. The survey observed during the week under review veget

Published 03 Nov, 2019 12:00am

Business & Economy

PM directs availability of daily use items at minimum prices

Prime Minister Imran Khan has directed the provincial governments to ensure availability of daily use items at minimum prices to people in their respective provinces. He gave the direction while chairing the Core Committee meeting of Pakistan Tehreek-e-In

Published 03 Nov, 2019 12:00am

Statement of PM's arrest is unconstitutional: Aitzaz

Senior leader of Pakistan People's Party (PPP), Barrister Aitzaz Ahsan said statement like arrest of prime minister by some groups is unconstitutional. Talking exclusively to a private TV channel, he questioned who allowed companions of Maulana Fazlur Reh

Published 03 Nov, 2019 12:00am

Huge influx of marchers enhances economic activities in Capital

The federal capital has witnessed a significant influx of people with enhanced economic activities, as many temporary shops, hotels and stalls have been set up in the surrounding areas of 'Azadi March' venue. Faisal Mosque, Daman-e-Koh, Islamabad Zoo, Pla

Published 03 Nov, 2019 12:00am

Business & Economy

'Over 200 investors participate in investment conference'

Advisor to Prime Minister for Trade & Investment in the UK and Europe, Sahibzada Jehangir said on Saturday that more than 200 investors not only participated in the Lift Pakistan Investment Conference 2019 but agreements were also signed to increase futur

Published 03 Nov, 2019 12:00am

Security beefed up outside Banigala residence

Strict security measures have been put in place outside Prime Minister Imran Khan's Bani Gala residence in the wake of Maulana Fazal-ur-Rehman's speech. The containers have been placed at the roads heading towards Bani Gala, while the police and FC person

Published 03 Nov, 2019 12:00am

Business & Economy

Traders reject hike in commercial tax

Trading community has rejected increase in tax on the commercial buildings by the provincial government and termed it unbearable and vowed not to accept in any circumstances. The meeting held here at Peshawar Chamber of Small Traders and Industries (PCSTI

Published 03 Nov, 2019 12:00am

Abbassi shifted to PIMS after sickness

Former Prime Minister Shahid Khaqan Abbasi was shifted to PIMS Hospital for a check up on Saturday after his health deteriorated. PIMS spokesperson Dr Wasim said the PML-N leader underwent check up for hernia, heart, lungs and Kidney stones. According to

Published 03 Nov, 2019 12:00am

Intransigence of Fazl inflicts irreparable harm to Kashmir cause: Gandapur

Minister for Kashmir Affairs and Gilgit-Baltistan Ali Amin Gandapur said on Saturday that the intransigence of JUI-F Chief Fazlur Rehman has inflicted irreparable harm to Kashmir cause. In a statement, he said Prime Minister Imran Khan, on the other hand,

Published 03 Nov, 2019 12:00am

Rain likely in Lahore today

The Met Office said on Saturday that the city may witness partial rain on Sunday (today). Meanwhile, they have predicted cloudy weather during the next 24 hours; however, smog would continue to rise in the absence of rain. The maximum and minimum temperat

Published 03 Nov, 2019 12:00am

PTI ministers keep guessing failure of JUI-F sit-in

The provincial ministers kept guessing failure of the sit-in of Maulana Fazlur Rehman throughout on Saturday. The Punjab Minister for Colonies department Fayyaz-ul-Hassan Chohan said the opposition parties are confused over the continuity of the sit-in. B

Published 03 Nov, 2019 12:00am

Business & Economy

Hike in LPG, oil prices to cause Rs 700 million additional burden on consumers: PIAF

The Pakistan Industrial and Traders Associations Front (PIAF) have condemned the government's decision to increase prices of three major petroleum products. The Rs20 per 11kilogram domestic cylinder for the month of November will cause an additional burde

Published 03 Nov, 2019 12:00am

Business & Economy

Creating livelihood opportunities government's top priority: adviser

Govrenment's top priority is to run economy on strong foundations creating opportunities for livelihood, more trust among foreign investors and enable local industries to flourish. Adviser to Prime Minister for Institutional Reforms & Austerity, Dr Ishrat

Published 03 Nov, 2019 12:00am

Cotton & Textile

BD Leather Tech Fair: 'Participation to promote Pak-BD bilateral trade'

Chairman, Pakistan Tanners Association (PTA), Sheikh Afzal Hussain has said that the supreme motive for participation in Bangladesh Leather Tech Fair is to promote the bilateral trade activities between Pakistan and Bangladesh to increase the trade volume

Updated 04 Nov, 2019 07:33am

Funeral prayers of Ashiq Qureshi offered

A funeral prayers of Nawab Ashiq Hussain Qureshi, cousin of Foreign Minister Shah Mahmood Qureshi, was held here on Saturday. The Foreign Minister, Punjab Chief Minister Sardar Usman Buzdar, Punjab Governor Punjab Muhammad Sarwar, Punjab Finance Minister

Published 03 Nov, 2019 12:00am

Buzdar takes notice attack of locust swarms

Punjab Chief Minister Sardar Usman Buzdar on Saturday taken notice of infestation of locust swarms on the crops in the areas of Bahawalpur and Muzzafargarh and issued instructions to the agriculture department, administration and other concerned departmen

Published 03 Nov, 2019 12:00am

Agriculture fair price shops to be set up in backward areas

Provincial Minister for Industries & Trade Mian Aslam Iqbal has said that new agricultural fair price shops would be set up in the backward areas of the province for provision of quality essential items on subsidized rates. The Minister stated this while

Published 03 Nov, 2019 12:00am

Envoy for improving contacts with counterparts in Maldives

Ambassador of Maldives to Pakistan Ahmed Saleem has urged the Pakistani business community to focus on improvement of contacts with their counterparts in Maldives which would be proved favourable for the two countries. He was speaking at the Lahore Chambe

Published 03 Nov, 2019 12:00am

SU sets record as 23,000 candidates appear in pre-entrance test

SU campus at Jamshoro took on a festive look as around 23,000 candidates of which around 5000 were girls and the rest boys dotted in throngs and long beelines the entire width and breadth of the varsity to appear in pre-entrance test for admission to as m

Published 03 Nov, 2019 12:00am

Kyarr increases plastic pollution along Balochistan coast

The category 5 super cyclone Kyarr (04A) generated higher than usual waves in the central Arabian Sea resulting in the inundation of many villages in Keti Bunder and creek areas along the Indus Delta, the WWF-Pakistan said on Saturday. Similarly, it said,

Published 03 Nov, 2019 12:00am

EDP Punjab launches smog awareness campaign

Environment Protection Department (EPD) Punjab has launched smog awareness campaign in different districts of the province to sensitise people to be well-prepared to avoid health hazards and take safety precautions. According to a spokesman, the campaign

Published 03 Nov, 2019 12:00am

Free medical camp set up in Juma Himaiti Goth

Provincial Minister for Human settlements and special development Ghulam Murtaza Baloch has said that Sindh government is cooperating with NGOs working in the public welfare sector and hope that more people will come forward in this sector and will serve

Published 03 Nov, 2019 12:00am

Drug case: Special court adjourns hearing against Sanaullah till 16th

An special court for Control of Narcotics Substance (CNS) on Saturday adjourned the proceedings of a drug case against former law minister Rana Sanaullah Khan, till Nov 16th. Earlier, the special court judge told the defence and prosecution that he could

Published 03 Nov, 2019 12:00am

Britain calls halt on fracking following government U-turn

The British government called a halt Saturday to the controversial process of "fracking" due to fears it could trigger earthquakes in a surprise U-turn just weeks before a general election.

Updated 04 Nov, 2019 08:55am

Global Business Economy

Buffett's Berkshire tops profit forecasts

Berkshire Hathaway Inc on Saturday said its quarterly operating profit rose more than analysts expected, as growth in several business lines offset the drag from trade tensions and tariffs and billionaire Warren Buffett's inability to deploy the conglomer

Updated 04 Nov, 2019 08:54am

Global Business Economy

Sri Lanka economy slowly recovering from Easter attacks: IMF

Sri Lanka's economy was slowly recovering from the impact of the Easter Sunday suicide bombings that killed hundreds and crippled the booming tourism sector, the International Monetary Fund said Saturday.

Updated 04 Nov, 2019 08:53am

Energy

Iran strikes initial deal to rebuild Syrian power grid

Iran signed a preliminary agreement with Syria on Saturday to help rebuild the Arab ally's electricity grid, Iranian state media reported, as Tehran seeks a deepening economic role after years of the Syrian conflict.

Updated 04 Nov, 2019 07:22am

Asia must quit 'coal addiction': UN chief

The UN chief on Saturday warned Asia to quit its "addiction" to coal, as climate change threatens hundreds of millions of people vulnerable to rising sea levels across the region.

Updated 04 Nov, 2019 08:52am

Global Business Economy

Malaysia rejects 'less than $2 billion' Goldman offer over 1MDB

Malaysia rejected a compensation offer of "less than $2 billion" from Goldman Sachs for the role of its subsidiaries in the multi-billion-dollar 1MDB scandal, an aide to the country's prime minister said Saturday.

Updated 04 Nov, 2019 08:57am

Global Business Economy

Fosun buys Thomas Cook brand for £11 million

Chinese conglomerate Fosun has snapped up the Thomas Cook brand for £11 million ($14.2 million), weeks after the renowned British travel group went bust and left hundreds of thousands of holidaymakers stranded abroad.

Published 03 Nov, 2019 12:00am

Global Business Economy

Fitch revises Turkey's outlook to 'stable', does not expect impact

Ratings agency Fitch on Friday revised Turkey's outlook to "stable" from "negative" and affirmed its "BB-" rating, saying it did not expect credit fundamentals to be impacted by Ankara's operation in northeastern Syria.

Updated 04 Nov, 2019 08:50am

Global Business Economy

Germany to spend 1bn euro on green mobility projects in India

German Chancellor Angela Merkel said on Saturday her country will spend one billion euros ($1.12 billion) in the next five years on green urban mobility projects conceived under the new German-Indian partnership.

Updated 04 Nov, 2019 09:07am

At least 13 dead in car bomb in Syrian border town

A car bomb killed at least 13 people in a Turkish-held border town in northeast Syria Saturday, as thousands of Kurds in the wider region protested against a "Turkish occupation".

Updated 04 Nov, 2019 09:07am

Israel strikes kill one in Gaza after first rockets in weeks

Israel carried out retaliatory strikes on Gaza Saturday killing a Palestinian and wounding two others, following two nights of rocket attacks that were the first since September.

Updated 04 Nov, 2019 09:06am

Iraqi security forces kill one, wound 91 protesters

Security forces killed a protester and wounded 91 others in Baghdad on Saturday, security and medical sources said, as thousands of Iraqis continued to gather in mass anti-government protests.

Updated 04 Nov, 2019 09:06am

US warns Serbia off buying Russian missile systems

A US envoy has expressed concern about Serbian interest in Russian air defence systems, warning Belgrade to be "careful and cautious" about buying them, in comments to North Macedonia television.

Updated 04 Nov, 2019 09:05am

Johnson rejects calls for no-deal Brexit

British Prime Minister Boris Johnson drew an angry backlash from Brexit Party leader Nigel Farage on Saturday after he rejected calls to drop his Brexit deal and embrace a clean break from the European Union, potentially splitting the eurosceptic vote.

Updated 04 Nov, 2019 09:04am

Tear gas as thousands defy police in latest Hong Kong march

Hong Kong police fired tear gas and water cannon Saturday as thousands of democracy protesters defied authorities in another unsanctioned march after Beijing vowed to tighten control over the unrest-plagued city.

Updated 04 Nov, 2019 09:10am

Trump announces new acting US homeland security chief

US President Donald Trump announced Friday that a senior department official, Chad Wolf, would become the nation's new acting homeland security chief, a role at the center of his crackdown on undocumented immigration.

Updated 04 Nov, 2019 09:04am

Thousands march for Scottish independence

Thousands rallied in Glasgow on Saturday calling for Scotland to become an independent country, with First Minister Nicola Sturgeon telling the crowds that their goal was "within touching distance".

Updated 04 Nov, 2019 09:04am

Money & Banking

Citi to withdraw from two-thirds of foreign exchange platforms

Citigroup Inc plans to compete on fewer foreign exchange platforms to win business from clients, Financial Times reported earlier on Wednesday, citing sources familiar with the matter. The Wall Street bank plans to cut the number of websites and systems f

Updated 04 Nov, 2019 07:24am

Stocks

Sisi suggests floating Egypt military firms on stock exchange

Egyptian President Abdel Fattah al-Sisi suggested Thursday listing military-owned companies on the stock exchange, along with other state-run firms and assets. "There must be an opportunity for the armed forces' companies. They must enter the stock market

Updated 04 Nov, 2019 07:24am

Money & Banking

African Export-Import Bank puts London listing plan on ice

The African Export-Import Bank has postponed a proposed London initial public offering, becoming the latest in a string of companies to cancel such plans in recent weeks in a challenging year for stock listings. The Cairo-based bank, which was looking to

Updated 04 Nov, 2019 07:28am

Money & Banking

Australia's Macquarie to exit US, European equities business

Australian investment bank Macquarie Group is exiting its cash equities businesses in the United States and Europe, a source with direct knowledge of the matter told Reuters on Tuesday, as tougher regulations bite. The bank, which employs about 700 people

Updated 04 Nov, 2019 07:28am

Stocks

Eurozone bond yields push up

Eurozone government bond yields pushed higher on Friday as the market took positive signs from US data releases and Christine Lagarde began her presidency of the European Central Bank. Positive US data readings eased demand for safe-haven government bonds

Updated 04 Nov, 2019 07:28am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 26	278.58
USD PKR Interbank Buying / Apr 26	278.28
USD to Japanese Yen / Apr 26	158.33
USD to Swiss Franc / Apr 26	0.91
Pound Sterling to USD / Apr 26	1.25
Euro to USD / Apr 26	1.07

Stock	Volume
S&P 500 / Apr 26	5099.96
India Sensex / Apr 26	73730.16
Tokyo Nikkei / Apr 26	37934.76
Nasdaq / Apr 26	15927.90
Hang Seng / Apr 26	17651.15
FTSE 100 / Apr 26	8139.83
Dow Jones / Apr 26	38239.66
Germany DAX 30 / Apr 26	18161.01

Item	Value
Crude Oil USD/Barrel / Apr 26	83.85
Karachi Cotton PKR/37.32 KG / Apr 26	20535
Gold 10 Grams PKR / Apr 26	210048
Gold Spot USD/Ounce / Apr 26	2337.96
Cotton US¢/pound / Apr 26	80.90
Petrol/Litre / Apr 29	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 29 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 29 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 29 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 29 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 29 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 29 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 29 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 29 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 29 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 29 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 29 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 29 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 29 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 29 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 29 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 29 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 29 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 29 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 29 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 29 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 29 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 29 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 29 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 29 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 29 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 29 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 29 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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