News Archives for Print - 2019-11-22

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Thursday (November 21, 2019).

Published 22 Nov, 2019 12:00am

Rates

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Thursday (November 21, 2019).

Published 22 Nov, 2019 12:00am

Rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Thursday (November 21, 2019).

Published 22 Nov, 2019 12:00am

Rates

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Thursday (November 21, 2019).

Published 22 Nov, 2019 12:00am

Rates

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi

Published 22 Nov, 2019 12:00am

Rates

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d

Published 22 Nov, 2019 12:00am

British Airways says flights hit by glitch

British Airways flights were facing delays in and out of London's Heathrow and Gatwick airports on Thursday after a technical glitch overnight, the airline said.

Published 22 Nov, 2019 12:00am

Money & Banking

World Bank chief tells China it needs 'vital' reforms

World Bank chief David Malpass urged China on Thursday to further open up its economy and reduce state subsidies, echoing key demands made by the United States in protracted trade war negotiations.

Updated 22 Nov, 2019 06:40am

Power tariffs increased by Rs 1.83/unit

National Electric Power Regulatory Authority (Nepra) has increased tariffs of power Distribution Companies (Discos) by Rs 1.83 per unit for the month of September 2019 under monthly fuel price adjustment mechanism.

Published 22 Nov, 2019 12:00am

India can't open disputed Siachen Glacier for tourism: FO

The Foreign Office on Thursday categorically said that Siachen Glacier is a disputed territory, which India not open for tourism.

Published 22 Nov, 2019 12:00am

Imran, Bajwa discuss security situation

Chief of the Army Staff (COAS) Qamar Javed Bajwa called on the Prime Minister of Pakistan, Imran Khan at the Prime Minister's office on Thursday. Both dignitaries met to discuss the security situation of the country. Chief of Army Staff Gen Qamar Javed Ba

Published 22 Nov, 2019 12:00am

Lieutenant-General Nadeem Raza appointed CJCSC

Prime Minister Imran Khan on Thursday appointed Lieutenant General Nadeem Raza as Chairman Joint Chiefs of Staff Committee (CJCSC) with effect from November 27.

Published 22 Nov, 2019 12:00am

Unemployment rate low while quality of employment not high: WB

Employment is a key challenge in Pakistan as the unemployment rate is low at six percent while the quality of employment is not high, says the World Bank (WB).

Published 22 Nov, 2019 12:00am

Second phase of CPEC to start with Rashakai SEZ next month

Speaker National Assembly Asad Qaiser has said that second phase of China-Pakistan Economic Corridor (CPEC) would start next month with groundbreaking of Rashakai Special Economic Zone.

Published 22 Nov, 2019 12:00am

CPEC energy projects create 10,000 jobs

China-Pakistan Economic Corridor (CPEC)'s energy projects have contributed $250 million in taxes and provided 10,000 jobs by adding 14.5 percent of the total electricity output in NTDC system so far.

Published 22 Nov, 2019 12:00am

Chinese FM says US bill aims to 'destroy Hong Kong'

Chinese Foreign Minister Wang Yi on Thursday condemned the passage of a US bill lauding pro-democracy protesters in Hong Kong, saying it "indulges violent criminals" and aims to "muddle or even destroy Hong Kong".

Published 22 Nov, 2019 12:00am

Stocks

PSX plunges 936.37 points: BRIndex100 nosedives

Pakistan Stock Exchange Thursday nosedived due to panic selling in almost all sectors.

Updated 22 Nov, 2019 06:40am

PML-N demands early outcome

Pakistan Muslim League-Nawaz (PML-N) Thursday demanded an early outcome of Pakistan Tehreek-e-Insaf (PTI) foreign funding case from the Election Commission of Pakistan through a transparent and open court trial.

Published 22 Nov, 2019 12:00am

Foreign funding case: ECP to conduct hearing on daily basis

With a couple of weeks remaining for the incumbent Chief Election Commissioner Justice Sardar Muhammad Raza (retd) to retire, the Election Commission of Pakistan (ECP) on Thursday accepted the request of opposition parties to conduct daily hearings of the

Published 22 Nov, 2019 12:00am

PM, Trump discuss situation

Prime Minister Imran Khan had a telephone conversation with President Donald Trump, during which bilateral and regional issues were discussed, the Foreign Office said.

Published 22 Nov, 2019 12:00am

OECD trims global 2020 growth forecast

The OECD trimmed Thursday its 2020 global economic growth forecast and said it did not see a strong rebound in 2021 owing to risks stemming from trade tensions.

Published 22 Nov, 2019 12:00am

Ex-colonel: FO expresses doubts over purported 'death certificate'

The Foreign Office on Thursday doubted the purported 'death certificate' of a missing retired Pakistan Army officer Col Habib Zahir (retd) as 'fake' and described the move as part of the drive of sensationalization being undertaken by hostile agencies aga

Published 22 Nov, 2019 12:00am

Hafeez for early resolution of govt-Etisalat dispute

Adviser to the Prime Minister on Finance Dr Abdul Hafeez Shaikh has asked the stakeholders to finalize proposals in a couple of weeks for resolving dispute with Etisalat for release of "pending $800 million" of PTCL privatization.

Published 22 Nov, 2019 12:00am

Sri Lanka's Rajapaksa brothers back in business

Sri Lanka's divisive Rajapaksa clan consolidated their grip on power on Thursday as the newly elected President swore in his brother as prime minister amid concerns they could roll back vital economic reforms.

Published 22 Nov, 2019 12:00am

Indian couple go on trial in Germany for spying on Sikhs

An Indian couple accused of spying on Sikh and Kashmiri communities in Germany went on trial Thursday on charges that carry a sentence of up to 10 years in prison.

Published 22 Nov, 2019 12:00am

UK Labour makes radical election pitch

Britain's main opposition Labour party on Thursday unveiled its general election manifesto, promising a radical agenda for social change, including nationalising key industries and a controversial second referendum on Brexit.

Published 22 Nov, 2019 12:00am

IHC disposes of contempt of court petition against Firdous

The Islamabad High Court (IHC) Thursday disposed of a contempt of court petition against Special Assistant to the Prime Minister on Information and Broadcasting Firdous Ashiq Awan for commenting on the "axle load policy" in sharp contrast to an order pass

Published 22 Nov, 2019 12:00am

Opposition to launch anti-govt drive today

The nine-party opposition alliance has decided to launch a countrywide anti-government drive from Friday (today).

Published 22 Nov, 2019 12:00am

Google, Facebook business models threat to rights: Amnesty report

The data-collection business model fueling Facebook and Google represents a threat to human rights around the world, Amnesty International said in a report Wednesday.

Published 22 Nov, 2019 12:00am

EU doubles emergency aid for Afghanistan

The European Union has more than doubled its emergency aid for Afghanistan to 77 million euros this year because of "the worsening humanitarian situation," a European Commission spokeswoman said Thursday.

Published 22 Nov, 2019 12:00am

Foreign reserves increase to $8.442bn

The total foreign exchange reserves held by the State Bank of Pakistan (SBP) have increased by $45 million to $8.442 billion during the week ending November 15, 2019.

Published 22 Nov, 2019 12:00am

Fake bank accounts case: OCS chairman arrested

National Accountability Bureau (NAB) Thursday arrested Chairman Overseas Cooperative Society (OCS)Ijaz Haroon in connection with multibillion rupees fake bank accounts case.

Published 22 Nov, 2019 12:00am

Letters

'Total normalcy' in IOK?

Look at the absurdity of India's Home Minister Amit Shah's claim that "total normalcy" prevails in Occupied Kashmir even as thousands of Kashmiris, including top politicians, remain in custody since the region, cut off from the internet, was stripped of i

Updated 22 Nov, 2019 05:22am

Articles

US flexes muscles in Gulf to reassure allies

A US aircraft carrier's passage through the Gulf is the latest demonstration of the superpower's enduring military presence in the Middle East aimed at reassuring allies, experts and officials say.

Updated 22 Nov, 2019 05:15am

Articles

Approaching optimal SEZs - II

Pakistan is indeed fortunate to be a part of one of the main projects in the shape of CPEC (China Pakistan Economic Corridor) under the overall Belt and Road Initiative (BRI); especially in terms of evolving special economic zones (SEZs). This is because

Updated 22 Nov, 2019 06:29am

Articles

Foreign-funded tax reforms

Fiscal consolidation should be as growth-friendly as possible. In general, tax base-broadening reforms are identified as growth-oriented reforms. To the extent that they reduce distortions to economic decisions on work, saving, investment and consumption,

Updated 22 Nov, 2019 06:05am

Winds of change?

Chairman National Accountability Bureau (NAB) former Justice Javed Iqbal while addressing an award distribution ceremony on November 19, 2019 made the startling comment that winds of change were coursing through the country and no one should think that th

Updated 22 Nov, 2019 06:17am

A befitting response

Chief Justice of Pakistan Justice Asif Saeed Khosa appears to have been constrained to respond publicly to the uncalled criticism of the judiciary by prime minister Imran Khan by reminding him that it was his government that gave a one-time permission to

Updated 22 Nov, 2019 06:17am

National Tariff Policy

Prime Minister Imran Khan remarked during the cabinet meeting upon approval of the first-ever National Tariff Policy (NTP) formulated by the Commerce Division, subsequent to extensive consultations with stakeholders, that tariffs traditionally employed as

Updated 22 Nov, 2019 06:17am

Imran felicitates Mahinda Rajapaksa on phone

Prime Minister Imran Khan telephoned Mahinda Rajapaksa to felicitate him on his appointment as the Prime Minister of the Democratic Socialist Republic of Sri Lanka. The Prime Minister lauded the progress made by Sri Lanka during Rajapaksa's two terms as t

Published 22 Nov, 2019 12:00am

Business & Economy

Government to focus on production, infrastructure growth after achieving economic stability: Hammad

Federal Minister for Economic Affairs, Muhammad Hammad Azhar on Thursday stated that after achieving economic stability, the government's priority is growth of production sectors and infrastructure.

Published 22 Nov, 2019 12:00am

Energy

Dasu Hydropower Project's land price up by 95 percent

The price of land for Dasu Hydropower Project (DHP) has increased by about 95 percent from Rs 19 billion to Rs 37 billion as the affectees have refused to accept the initially approved amount.

Updated 22 Nov, 2019 06:40am

Business & Economy

PIA acquires two A320 aircraft on dry lease

Pakistan International Airlines (PIA) has acquired two A320 aircraft on dry lease from ALAFCO Aviation Lease and Finance Company. The first aircraft reached Karachi on Thursday morning while the second A320 will be delivered to PIA by end of this year.

Published 22 Nov, 2019 12:00am

Senate panel calls for restructuring ECL policy

A parliamentary body Thursday called for restructuring the Exit Control List (ECL) policy with an aim to shortening the long process for placement and removal of name on the list.

Published 22 Nov, 2019 12:00am

Mayor to inaugurate second ICPF-2019 on November 22

Mayor Karachi Metropolitan Corporation (KMC), Waseem will inaugurate the second International Consumer Product Fair (ICPF-2019) scheduled from 22-24 November, 2019, at Expo Centre, Karachi.

Published 22 Nov, 2019 12:00am

Three-year extension to army chief: lawyers to protest against government decision

A Joint Action Committee (JAC) of lawyers has decided to observe 'black day' and a strike on Nov 28 against the federal government's decision to grant three-year extension to incumbent Chief of Army Staff General Qamar Javed Bajwa.

Published 22 Nov, 2019 12:00am

Nestlé Pakistan marks Children's Day

Nestlé Pakistan commemorated Children's Day with a contest to encourage healthy eating under its Nestlé for Healthier Kids (N4HK) program at its partner institution The Trust School here on Thursday.

Published 22 Nov, 2019 12:00am

One million people may become jobless by end-year: Hamza

Opposition leader in Punjab Assembly Hamza Shahbaz Sharif said on Thursday that by the end of this year one million people are likely to get jobless due to wrong economic policies of the PTI-led coalition government.

Published 22 Nov, 2019 12:00am

Breast cancer: Early detection provides best chance of effective treatment: experts

Pre-Conference workshop being a part of the "LUMHS International Conference 2019" scheduled on 23rd -24th November 2019, Department of Surgery Unit 111, Liaquat University of Medical & Health Sciences Jamshoro arranged a Workshop on "Pre- Surgical Localiz

Published 22 Nov, 2019 12:00am

Sindh CM sees conspiracy behind thelewala's 'revelation'

Sindh Chief Minister Syed Murad Ali Shah Thursday said that neither he knows Yousuf Thelewala nor has ever met him but under a pre-planned conspiracy a `spoon-fed statement' of the accused has been recorded on a mobile phone in which Thelewala has taken h

Published 22 Nov, 2019 12:00am

Business & Economy

PBIF for documenting middlemen

President Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain has said that the undocumented sector of middlemen should be documented and they should be kept under vigilance so that they cannot play with the national security.

Published 22 Nov, 2019 12:00am

Gold prices down

Gold on Thursday was traded for Rs85,500 per tola, down by Rs350 on the local market, according to traders. The yellow metal is now selling for Rs73,603 per 10 grams down by Rs300 and its trading was closed for $1469 an ounce on the world market, falling

Published 22 Nov, 2019 12:00am

Price hike of veggies: SHC seeks replies from concerned departments by December 10

Sindh High Court (SHC) on Thursday sought the replies from provincial secretaries of agriculture and law by December 10, 2019 over hike in the prices of vegetables and mismanagement at fruit mandi Karachi.

Published 22 Nov, 2019 12:00am

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 28	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 28 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 28 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 28 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 28 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 28 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 28 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 28 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 28 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 28 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 28 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 28 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 28 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 28 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 28 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 28 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 28 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 28 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 28 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 28 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 28 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 28 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 28 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 28 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 28 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 28 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 28 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 28 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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