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Print - 2019-11-17
Shahbaz expresses gratitude

Shahbaz expresses gratitude

Expressing gratitude over the directions of Lahore High Court (LHC) allowing the former prime minister Nawaz Sharif for medical treatment abroad by excluding his name from the ECL, Pakistan Muslim League-Nawaz (PML-N) President Shahbaz Sharif on Saturday
Published 17 Nov, 2019 12:00am
Government respects verdict: AGP

Government respects verdict: AGP

The government on Saturday announced that it respects the Lahore High Court's (LHC) verdict. Addressing a joint press conference, Attorney General for Pakistan (AGP) Anwar Mansoor Khan along with Special Assistant to Prime Minister on Information and Broa
Published 17 Nov, 2019 12:00am
LHC allows Nawaz to go abroad

LHC allows Nawaz to go abroad

A division bench of Lahore High Court on Saturday allowed former prime minister Nawaz Sharif to go abroad for medical treatment for four weeks without submitting indemnity bonds.
Published 17 Nov, 2019 12:00am
French protesters, police clash on yellow vest anniversary

French protesters, police clash on yellow vest anniversary

French police used tear gas and detained dozens in Paris on Saturday as fierce clashes broke out in demonstrations marking the first anniversary of the yellow vest protest movement seeking to challenge President Emmanuel Macron.
Published 17 Nov, 2019 12:00am
Gunmen fire on buses carrying Muslim Sri Lankan voters

Gunmen fire on buses carrying Muslim Sri Lankan voters

Gunmen fired at buses carrying minority Muslim voters on Saturday as Sri Lankans elected a new president, with the powerful Rajapaksa clan eyeing a comeback seven months after Islamist extremists staged deadly bombings.
Published 17 Nov, 2019 12:00am
EU 2020 budget talks drag on because of disagreement
Global Business Economy

EU 2020 budget talks drag on because of disagreement

Talks setting the EU's budget for next year are going down to the wire because of disagreement between member states and the European Parliament, officials said Saturday. Both sides held negotiations into late Friday but "suspended the talks without agree
Published 17 Nov, 2019 12:00am
Obvious signs of turnaround emerge: Hafeez
Business & Economy

Obvious signs of turnaround emerge: Hafeez

Adviser to Prime Minister on Finance Abdul Hafeez Shaikh has said 'dark days are behind us' as obvious signs of economic turnaround are emerging due to efforts of the present government for the revival of the economy.
Published 17 Nov, 2019 12:00am
'SC can appoint acting CEC if deadlock persists'

'SC can appoint acting CEC if deadlock persists'

The Supreme Court is constitutionally empowered to appoint an acting Chief Election Commissioner after the incumbent retires on December 5 in case the deadlock between the government and opposition over the appointment of the CEC persists.
Published 17 Nov, 2019 12:00am
One killed in clashes in Iran over fuel price hike

One killed in clashes in Iran over fuel price hike

One person was killed in the Iranian city of Sirjan during protests that erupted after President Hassan Rouhani's government imposed gasoline rationing and price hikes of at least 50 percent, Iranian ISNA news agency reported on Saturday.
Published 17 Nov, 2019 12:00am
New faces to be inducted into Cabinet soon

New faces to be inducted into Cabinet soon

Prime Minister Imran Khan has decided to reshuffle the current 48-member cabinet by inducting some new faces-a much awaited decision postponed due to one political compulsion or another, informed sources revealed. Sources privy to the development told
Published 17 Nov, 2019 12:00am
Pakistan steers CCWC meeting to successful conclusion

Pakistan steers CCWC meeting to successful conclusion

The annual meeting of the Convention on Certain Conventional Weapons (CCWC), held in Geneva from 13-15 November 2019, successfully concluded under the chairmanship of Ambassador Khalil Hashmi, Permanent Representative of Pakistan to the United Nations in
Published 17 Nov, 2019 12:00am
The two key economic challenges
Letters

The two key economic challenges

Business Recorder op-ed writer Farhat Ali in his yesterday's op-ed for the newspaper has highlighted the two major challenges to the country's economy; these need to be overcome without any further loss of time.
Updated 18 Nov, 2019 08:21am
Football diplomacy with Qatar hints at Saudi 'peace' effort
Articles

Football diplomacy with Qatar hints at Saudi 'peace' effort

A Saudi-led bloc's decision to play a football tournament in rival Qatar could herald a rapprochement after a two-year stand-off, and signal Riyadh is tempering its muscular approach that stoked regional crises. Gulf powerhouse Saudi Arabia has adopted an
Updated 18 Nov, 2019 10:46am
SECP accelerates technology-driven solutions
Articles

SECP accelerates technology-driven solutions

Recently, the Securities and Exchange Commission of Pakistan (SECP) conducted an online survey to obtain feedback about its services delivery and to seek out suggestions from its stakeholders. Though an overwhelming majority shared their satisfaction with
Published 17 Nov, 2019 12:00am
Prisoners of elitism
Articles

Prisoners of elitism

Last week Dr Hafeez Sheikh was under public scrutiny for being oblivion to the rising price of tomatoes - being a finance minister, he should have knowledge of rising prices when price hike is the biggest headache for the government. The issue that needs
Updated 18 Nov, 2019 08:53am
Poor state of prisons

Poor state of prisons

During recent months, public conversations about prisons have revolved around the question whether or not the facilities accorded to the incarcerated prominent political personages are commensurate with their status. Problems faced by ordinary prisoners,
Updated 19 Nov, 2019 06:25am
Reduction in NSS rates

Reduction in NSS rates

Effective from 1st November, 2019, the Central Directorate of National Savings (CDNS) has reduced profit rates on all the National Saving Schemes (NSS) sponsored by the government. According to its announcement on 7th November, 2019, the new rate for Defe
Updated 19 Nov, 2019 06:25am
Quake of 3.8 magnitude jolts Swat

Quake of 3.8 magnitude jolts Swat

A mild earthquake jolted the Swat valley and its surrounding areas on Saturday resulting in damages to window panes of houses and windscreens of several vehicles. According to Pakistan Meteorological Department (PMD), tremors measuring 3.8 on Richter scal
Published 17 Nov, 2019 12:00am
Justice Azhar Babar sworn in as AJK's acting CJ

Justice Azhar Babar sworn in as AJK's acting CJ

Justice Azhar Saleem Babar has taken oath as the acting Chief Justice of Azad Jammu and Kashmir in a ceremony where President AJK Masood Khan administered his oath.
Published 17 Nov, 2019 12:00am
Fawad files privilege motion against Asif

Fawad files privilege motion against Asif

Federal Minister for Science and Technology Fawad Chaudhry on Saturday filed a privilege motion in National Assembly against Pakistan Muslim League-Nawaz (PML-N) leader Khawaja Asif. The motion has been filed against Asif for 'misrepresenting' the comment
Published 17 Nov, 2019 12:00am
Recent developments to go in PM's favour: Rasheed

Recent developments to go in PM's favour: Rasheed

Federal Minister for Railways, Sheikh Rasheed, on Saturday expressed his thoughts that the ongoing developments are going in favour of Prime Minister Imran Khan. Sheikh Rasheed, in his latest statement, said it is not a new story to tell the exact time of
Published 17 Nov, 2019 12:00am
PM rolls back BJP's fundamental ideology by exposing Modi, RSS: Shireen

PM rolls back BJP's fundamental ideology by exposing Modi, RSS: Shireen

Minister for Human Rights Dr Shireen Mazari on Saturday said that Prime Minister Imran Khan has rolled back the Bharatiya Janata Party (BJP)'s fundamental ideology by exposing Indian Prime Minister Narendra Modi and Rashtriya Swayamsevak Sangh (RSS) in th
Published 17 Nov, 2019 12:00am
PM's Iran visit to usher in positive results: CG

PM's Iran visit to usher in positive results: CG

The outgoing Peshawar-based Iranian consul-General, Muhammad Baqir Beigi has said that meetings between the Prime Minister of Pakistan and senior leadership of Iran will usher positive results.
Published 17 Nov, 2019 12:00am
PTI begged us to drop PM's resignation demand, claims Durrani

PTI begged us to drop PM's resignation demand, claims Durrani

Convener, Rehber Committee of opposition political parties, Akram Khan Durrani said that the governmental negotiation committee begged us to drop the demand of the resignation of Prime Minister Imran Khan, otherwise, they were ready to accept all demands
Published 17 Nov, 2019 12:00am
Incompetent UBG erodes FPCCI role, ex-president
Business & Economy

Incompetent UBG erodes FPCCI role, ex-president

Former president, Federation of Pakistan Chamber of Commerce and Industry (FPCCI) and general secretary Businessman Panel (BMP), Haji Ghulam Ali has said that the incompetency of the ruling United Business Group (UBG) group has eroded the role of the apex
Published 17 Nov, 2019 12:00am
Cash, valuables worth millions of rupees looted in Capital

Cash, valuables worth millions of rupees looted in Capital

Despite deployment of heavy contingents of police personnel in the federal capital due to Azadi March during the last week, armed robbers and dacoits struck at eight places and made off with cash and valuables worth millions of rupees.
Published 17 Nov, 2019 12:00am
Lahore ranks third 'most polluted' city in world

Lahore ranks third 'most polluted' city in world

With air quality moving from 'hazardous' to 'unhealthy' in the provincial metropolis, the City of Lahore has now become the third most polluted city in the world.
Published 17 Nov, 2019 12:00am
BMP endorses Pak-China consensus on CPEC's direction
Business & Economy

BMP endorses Pak-China consensus on CPEC's direction

The Businessmen Panel of the Federation of Pakistan Chambers of Commerce and Industry has announced to endorse the Pak-China agreement to set a new direction of the China-Pakistan Economic Corridor for future cooperation in high economic impact areas, esp
Published 17 Nov, 2019 12:00am
Rana's judicial remand extended till November 30

Rana's judicial remand extended till November 30

A special court for Control of Narcotics Substance (CNS) on Saturday extended the judicial remand former law minister Rana Sanaullah till November 30 in the 15kg heroin recovery case against him lodged by the Anti-Narcotics Force (ANF).
Published 17 Nov, 2019 12:00am
Government urged to allow duty-free import of wheat

Government urged to allow duty-free import of wheat

President Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain has said that the government has tried to keep prices stable but to no avail, therefore, the government should allow duty-free import of wheat to keep prices stable.
Published 17 Nov, 2019 12:00am
Naseem Usman panel sweeps KCA polls
Cotton & Textile

Naseem Usman panel sweeps KCA polls

Six licensed cotton brokers from Naseem Usman Panel have been duly elected unopposed as members of the Broker Advisory Committee of Karachi Cotton Association for the years 2019-20.
Published 17 Nov, 2019 12:00am
Prices of essential kitchen items continue to rise

Prices of essential kitchen items continue to rise

Prices of most of the essential kitchen items kept on increasing during this week past as compared to previous week, a survey conducted by Business Recorder revealed here on Saturday.
Published 17 Nov, 2019 12:00am
'ICICT' conference held at IBA

'ICICT' conference held at IBA

The first day of the flagship conference, the eighth International Conference on Information and Communication Technologies (ICICT 2019), organized by the Faculty of Computer Science (FCS) at the Institute of Business Administration (IBA), Karachi started
Published 17 Nov, 2019 12:00am
Blood donation drive held at Indonesian Consulate

Blood donation drive held at Indonesian Consulate

Blood donation drive was held at the premises of the Indonesian Consulate General in Karachi on Saturday in cooperation with Afzaal Memorial Thalassemia Foundation (AMTF).
Published 17 Nov, 2019 12:00am
STCF hosts inter-school fund-raising & singing competition

STCF hosts inter-school fund-raising & singing competition

Keeping up with its mission to 'Educate Pakistan', The Supporters of Citizens Foundation (STCF) hosted the finale of an inter-school fund raising and singing competition, Obhartay Sitaray (OS) 2019 - on Saturday.
Published 17 Nov, 2019 12:00am
Media's role against Indian atrocities in IoK highlighted

Media's role against Indian atrocities in IoK highlighted

Speakers at a conference held on Saturday urged the international community to play its role to end clampdown in the Occupied Kashmir imposed by India, saying the deteriorating human right situation in the valley can drive the two nuclear countries toward
Published 17 Nov, 2019 12:00am
China, Pakistan, Sri Lanka to work for Micro-BRI
Business & Economy

China, Pakistan, Sri Lanka to work for Micro-BRI

"International Research Center for Neo China Socialism desires to work with Employers Federation of Pakistan and Employers Federation of Ceylon on three joint initiatives to achieve the vision of Chinese President Xi Jinping to promote the micro Belt & Ro
Published 17 Nov, 2019 12:00am
PM urged to help resolve issue of stuck-up ST refunds
Cotton & Textile

PM urged to help resolve issue of stuck-up ST refunds

Chairman, Pakistan Tanners Association (PTA) Sheikh Afzal Hussain has urged Prime Minister Imran Khan and Minister of Commerce to resolve the issue of stuck-up sales tax refunds of exports and to restore the zero rated status for leather sector of Pakista
Published 17 Nov, 2019 12:00am
Egypt to cut prices of subsidised staples

Egypt to cut prices of subsidised staples

Egypt is to reduce the prices of subsidised food staples from next month, the supply ministry spokesman said Saturday, as the country's economy shows signs of recovery.
Published 17 Nov, 2019 12:00am
France's MBDA to open missile engineering centre in UAE

France's MBDA to open missile engineering centre in UAE

France's MBDA and Dassault Aviation plan to open a missile engineering facility and a flight testing centre in the United Arab Emirates, the UAE's defence and security industry enabler Tawazun Economic Council said on Saturday.
Published 17 Nov, 2019 12:00am
S&P downgrades protest-hit Lebanon

S&P downgrades protest-hit Lebanon

S&P Global Ratings Friday downgraded Lebanon's sovereign debt, saying a twin political and economic crisis had hit investor confidence and constrained the government's funding model, which relies on deposit inflows.
Published 17 Nov, 2019 12:00am
UAW members ratify Ford labor agreement

UAW members ratify Ford labor agreement

Members of United Auto Workers have approved a new labor agreement with auto giant Ford, the union announced late Friday. A preliminary agreement was announced on October 31, which averted a strike similar to the one at General Motors.
Published 17 Nov, 2019 12:00am
Malaysia's ruling party loses fourth by-election

Malaysia's ruling party loses fourth by-election

Malaysia's ruling coalition lost its fourth electoral contest on Saturday since coming to power last May, uncovering deepening cracks in the young alliance mired by uncertainty over a succession plan for its top leadership.
Published 17 Nov, 2019 12:00am
Trump asks Japan to hike payments for US troops to $8 billion

Trump asks Japan to hike payments for US troops to $8 billion

US President Donald Trump has asked Japan to quadruple annual payments for US forces stationed there to around $8 billion, Foreign Policy reported, part of Washington's efforts to press its allies to increase their defence spending.
Published 17 Nov, 2019 12:00am
Climate protesters block Geneva's private jet terminal

Climate protesters block Geneva's private jet terminal

Dozens of climate activists blocked access to the private jet terminal at Geneva airport Saturday, demanding a halt to the "absurd" mode of luxury transportation. Around 100 people took part, organised by pressure group Extinction Rebellion, large groups
Published 17 Nov, 2019 12:00am
Huge Czech protest marking Velvet Revolution demands PM quit

Huge Czech protest marking Velvet Revolution demands PM quit

Around a quarter-million Czechs flooded central Prague on Saturday to mark 30 years since the Velvet Revolution toppled communism in then-Czechoslovakia, with protesters demanding that billionaire Prime Minister Andrej Babis quit over allegations of graft
Published 17 Nov, 2019 12:00am
Wall Street's main indexes at record levels
Stocks

Wall Street's main indexes at record levels

Wall Street's main stock indexes closed at record levels on Friday, fueled by fresh optimism over a potential calming of US-China trade tensions and by big gains in shares of healthcare companies.
Published 17 Nov, 2019 12:00am
Australia's CBA selling first bond not referencing LIBOR
Stocks

Australia's CBA selling first bond not referencing LIBOR

Australia's Commonwealth Bank is planning to sell A$1 billion ($687.20 million) worth of residential mortgage bonds in the country's first public deal that will not use the local LIBOR-equivalent benchmark, the bank bill swap (BBSW) rate.
Published 17 Nov, 2019 12:00am
Fund investors retreat from US stocks, jump into foreign markets
Stocks

Fund investors retreat from US stocks, jump into foreign markets

Investors pulled nearly $7.5 billion out of mutual funds and exchange-traded funds that hold US stocks last week, extending a retreat from the domestic stock market over six of the last seven weeks, according to data released Wednesday by the Investment C
Published 17 Nov, 2019 12:00am
Serbia will not weaken dinar to push up inflation
Money & Banking

Serbia will not weaken dinar to push up inflation

Serbia's central bank will not depreciate a strong dinar to push below-target inflation higher, its governor Jorgovanka Tabakovic said on Thursday. Serbia's inflation in October fell to 1% from 1.1% a month earlier, well below the bank's target of 3%, giv
Published 17 Nov, 2019 12:00am
Loonie recovers from one-month low
Money & Banking

Loonie recovers from one-month low

The Canadian dollar strengthened against its US counterpart on Friday, lagging behind some other commodity-linked currencies but recovering from a one-month low the day before as investors grew more hopeful about a US-China trade deal.
Published 17 Nov, 2019 12:00am
Speculators increase long bets on dollar
Money & Banking

Speculators increase long bets on dollar

Speculators raised their bullish bets on the US dollar in the latest week to the largest position in four weeks, according to calculations by Reuters and Commodity Futures Trading Commission data released on Friday.
Published 17 Nov, 2019 12:00am
Lean business seen on cotton market
Cotton & Textile

Lean business seen on cotton market

Lack of buying interest was again witnessed on the cotton market on Saturday in the process of trading, dealers said. The official spot rate was unchanged at Rs 9000, they added. In ready session, about 5,000 bales of cotton changed hands between Rs 8500-
Published 17 Nov, 2019 12:00am
Egypt buys 465,000 tonnes of wheat
Commodities

Egypt buys 465,000 tonnes of wheat

Egypt's state grain buyer, the General Authority for Supply Commodities (GASC,) said on Thursday it had bought 465,000 tonnes of wheat in an international purchase tender for shipment January 5-15. GASC said the purchase comprised of 120,000 tonnes of Ukr
Published 17 Nov, 2019 12:00am
Asia's naphtha up to one week high
Energy

Asia's naphtha up to one week high

Asia's naphtha crack edged up to hover around one week high of $74.03 a tonne as demand returned following a temporary lull from South Korea, Asia's top importing country. GS Caltex bought heavy full-range naphtha for second-half December delivery at prem
Published 17 Nov, 2019 12:00am
YOUR RUPEE LAST MONTH
Rates

YOUR RUPEE LAST MONTH

Following currency fluctuations took place in foreign exchange rates during the last month. (October 01 to 31, 2019)

Published 17 Nov, 2019 12:00am
The Weather
General News

The Weather

The weather report on Saturday (November 16, 2019) and the forecast for Sunday (November 17, 2019).

Published 17 Nov, 2019 12:00am
Bullion Rates
Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (November 16, 2019).

Published 17 Nov, 2019 12:00am
Cotton Spot Rates
Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (November 16, 2019).

Published 17 Nov, 2019 12:00am