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Print - 2019-11-25
Johnson promises 'sensible' tax cuts

Johnson promises 'sensible' tax cuts

British Prime Minister Boris Johnson promised on Sunday "to get Brexit done", with his Conservative Party making an election pledge to bring his deal to leave the European Union back to parliament before Christmas.
Published 25 Nov, 2019 12:00am
Saudi Aramco markets IPO in Dubai after approaching Kuwait fund

Saudi Aramco markets IPO in Dubai after approaching Kuwait fund

Saudi Aramco met investors in Dubai on Sunday to market its initial public offering (IPO), after trying to secure demand from Kuwait's sovereign wealth fund for the deal, worth up to $25.6 billion, which relies heavily on local and regional buyers.
Published 25 Nov, 2019 12:00am
PM identifies major economic challenges

PM identifies major economic challenges

While acknowledging unemployment and inflation as major challenges, Prime Minister Imran Khan has sought a comprehensive and effective strategy in coordination with the provincial governments to lessen their impacts.
Published 25 Nov, 2019 12:00am
Commerce Division decides to participate in Abu Dhabi Expo

Commerce Division decides to participate in Abu Dhabi Expo

Taking a u-turn, Commerce Division has decided to participate in Expo 2020 Abu Dhabi on turnkey basis subsequent to the commitment of funds from donors' and fearing that withdrawal from Expo will have negative effects on bilateral relations between the tw
Published 25 Nov, 2019 12:00am
TAPI pipeline: government likely to renegotiate gas price

TAPI pipeline: government likely to renegotiate gas price

Pakistan is likely to renegotiate gas price of much talked- about Turkmenistan- Afghanistan- Pakistan-India (TAPI) pipeline with M/s Turkmengaz, well informed sources told Business Recorder. For this purpose, an inter-ministerial committee is to be
Published 25 Nov, 2019 12:00am
Futures spread up by 59,727 basis points
Stocks

Futures spread up by 59,727 basis points

The futures spread increased by massive 59727bps to 17.97 per cent on the last day of the outgoing week. Trading activities on the futures counter slightly improved as average daily turnover increased by 7.1 percent to 97.21 million shares as compared to
Published 25 Nov, 2019 12:00am
Mixed trend witnessed
Stocks

Mixed trend witnessed

Pakistan Stock Exchange witnessed mixed trend during the outgoing week ended on November 22, 2019. BRIndex100 gained 32.44 points on week-on-week basis to close at 3,979.20 points. Average daily trading volumes stood at 284.637 million shares.
Published 25 Nov, 2019 12:00am
Modaraba sector: SECP to introduce new regulatory framework

Modaraba sector: SECP to introduce new regulatory framework

In order to monitor investment/transactions in the Modaraba sector, the Securities and Exchange Commission of Pakistan (SECP) has decided to introduce new regulatory framework by imposing minimum conditions on Modaraba for providing finance to their custo
Published 25 Nov, 2019 12:00am
THE RUPEE: Two-way trade
Money & Banking

THE RUPEE: Two-way trade

The rupee showed mixed trend against the dollar on the local currency market during the ended on Nov 23, 2019. The rupee gained six paisas against the dollar for buying and selling at Rs 155.28 and Rs 155.32 respectively, they said.
Published 25 Nov, 2019 12:00am
PML-N disputes CPEC loan figure

PML-N disputes CPEC loan figure

Pakistan Muslim League-Nawaz (PML-N) senior politician Ahsan Iqbal on Sunday revealed that the total loan volume granted by China for the China-Pakistan Economic Corridor (CPEC) was USD 5.8 billion and not USD 18 billion.
Published 25 Nov, 2019 12:00am
Pope urges abolition of nuclear weapons

Pope urges abolition of nuclear weapons

Pope Francis brought his campaign to abolish nuclear weapons to the only two cities ever hit by atomic bombs on Sunday, calling their possession indefensibly perverse and immoral and their use a crime against mankind and nature.
Published 25 Nov, 2019 12:00am
Protests drive record 70 percent poll turnout in Hong Kong

Protests drive record 70 percent poll turnout in Hong Kong

Hong Kong's voters turned out in unprecedented numbers Sunday for local council elections that the city's pro-democracy movement hopes will pile pressure on the Beijing-backed government to listen to their demands after months of violent protest.
Published 25 Nov, 2019 12:00am
Iran vows to punish 'mercenaries' behind street violence

Iran vows to punish 'mercenaries' behind street violence

Iran vowed Sunday to severely punish "mercenaries" arrested over nationwide street unrest sparked by a fuel price hike, as much of the country came back online after a week-long internet blackout.
Published 25 Nov, 2019 12:00am
Razak for increasing exports, decreasing imports

Razak for increasing exports, decreasing imports

Advisor to Prime Minister for Commerce and Textile Abdul Razak Dawood has said that the government is making effective policies to increase export and decrease import for the economic stability of the country through offering lucrative incentives to indus
Published 25 Nov, 2019 12:00am
Bloomberg enters 2020 Democratic presidential race

Bloomberg enters 2020 Democratic presidential race

Billionaire businessman Michael Bloomberg, the former mayor of New York City, jumped into the US presidential race on Sunday, adding another moderate voice to a crowded field of Democratic contenders seeking to face Republican President Donald Trump in th
Published 25 Nov, 2019 12:00am
UAE to host European-led mission to monitor Gulf waters

UAE to host European-led mission to monitor Gulf waters

A European-led maritime mission to monitor Gulf waters will be stationed at the French naval base in Abu Dhabi, the French defence minister said Sunday, amid regional tensions with Iran.
Published 25 Nov, 2019 12:00am
Thousands in Brussels protest violence against women

Thousands in Brussels protest violence against women

Around 10,000 people took part in a protest march in Brussels on Sunday calling for an end to violence against women, police said, a day after similar demonstrations in France and Italy. The protesters in the Belgian capital paid homage to women killed by
Published 25 Nov, 2019 12:00am
Action against newspaper stalls
Letters

Action against newspaper stalls

The joint Karachi police and Karachi Metropolitan Corporation (KMC) action against newspaper hawkers and their stalls needs to be condemned as reports say that Karachi police ransacked and demolished newspaper stalls in various areas of Karachi and the of
Updated 25 Nov, 2019 11:11am
Catalysing change for gender equality
Articles

Catalysing change for gender equality

Great strides have been taken to empower women and girls in the Asia-Pacific region since the Fourth World Conference on Women in Beijing adopted an ambitious global agenda to achieve gender equality twenty-five years ago.Gender parity has been achieved i
Updated 25 Nov, 2019 11:50am
100 days of imprisonment
Articles

100 days of imprisonment

100 days and running. In fact, stampeding. Kashmir remains under siege. Kashmir remains a civilization shutdown. Kashmir remains a land with no laws. Kashmir remains in news but with such stale familiarity of the state of oppression that futility is in da
Updated 25 Nov, 2019 11:15am
Good or bad news on state of economy
Articles

Good or bad news on state of economy

Prime Minister Imran Khan has repeatedly appreciated the efforts of his economic team, led by Dr Hafeez Sheikh his Advisor on Finance and Dr Reza Baqir, Governor State Bank of Pakistan (SBP); more recently he gloated about the current account surplus, to
Updated 25 Nov, 2019 10:52am
Action against newspaper stalls
Letters

Action against newspaper stalls

The joint Karachi police and Karachi Metropolitan Corporation (KMC) action against newspaper hawkers and their stalls needs to be condemned as reports say that Karachi police ransacked and demolished newspaper stalls in various areas of Karachi and the of
Updated 25 Nov, 2019 08:49am
Catalysing change for gender equality
Articles

Catalysing change for gender equality

Great strides have been taken to empower women and girls in the Asia-Pacific region since the Fourth World Conference on Women in Beijing adopted an ambitious global agenda to achieve gender equality twenty-five years ago.Gender parity has been achieved i
Updated 25 Nov, 2019 07:17am
100 days of imprisonment
Articles

100 days of imprisonment

100 days and running. In fact, stampeding. Kashmir remains under siege. Kashmir remains a civilization shutdown. Kashmir remains a land with no laws. Kashmir remains in news but with such stale familiarity of the state of oppression that futility is in da
Updated 25 Nov, 2019 06:59am
Good or bad news on state of economy
Articles

Good or bad news on state of economy

Prime Minister Imran Khan has repeatedly appreciated the efforts of his economic team, led by Dr Hafeez Sheikh his Advisor on Finance and Dr Reza Baqir, Governor State Bank of Pakistan (SBP); more recently he gloated about the current account surplus, to
Updated 25 Nov, 2019 05:42am
Polio resurgence

Polio resurgence

In its latest report to the Global Polio Eradication Initiative, International Monitoring Board (IMB) makes a deeply distressing assessment of the polio eradication programme's progress in this country. "Pakistan has reported more than 80 percent of the t
Updated 25 Nov, 2019 06:21am
A prudent approach

A prudent approach

As anticipated by this newspaper, the Monetary Policy Committee (MPC) of the State Bank in its meeting held on 22nd November, 2019 again opted to keep the policy rate unchanged at 13.25 percent per annum for the next two months. It has justified its decis
Updated 25 Nov, 2019 06:27am
ICCI briefs diplomats about investment prospects
Business & Economy

ICCI briefs diplomats about investment prospects

Pakistan was situated at a strategic location in the region providing easy access to some big markets and was destined to become hub of business and economic activities, therefore, it was the right time that foreign investors should explore Pakistan for j
Published 25 Nov, 2019 12:00am
FIA arrests 59 Pakistanis deported from Turkey

FIA arrests 59 Pakistanis deported from Turkey

The Federal Investigation Agency (FIA) has arrested 59 Pakistanis, deported from Turkey, at Sialkot airport on Sunday. According to the FIA, the accused had been sent behind the bars after registering cases against them. Officials said further investigati
Published 25 Nov, 2019 12:00am
Sindh's CNG stations to remain closed for three days
Energy

Sindh's CNG stations to remain closed for three days

All Sindh CNG Association has announced that CNG stations will remain closed during a week starting from today (November 25). According to the Coordinator of All Pakistan CNG association Sindh Shoeb Khan, all CNG stations in Sindh will remain closed for t
Published 25 Nov, 2019 12:00am
Mufti Muneeb criticises Sindh government for passing Hindu marriage law

Mufti Muneeb criticises Sindh government for passing Hindu marriage law

Chairman, Ruet-e-Hilal Committee Pakistan Mufti Muneebur Rehman took the Sindh government hard over passing Hindu marriage law; that there was no example in the world making restrictions to embrace the Islam under the age of eighteen by any non-Muslim.
Published 25 Nov, 2019 12:00am
Ali Zaidi to address 31st session of IMO Assembly
Business & Economy

Ali Zaidi to address 31st session of IMO Assembly

Minster for Maritime Affairs Syed Haider Ali Zaidi will address the 31st session of International Maritime Organization (IMO) Assembly as a guest Speaker and highlight the country's priorities and achievements in Maritime sector. The 31st session of IMO w
Published 25 Nov, 2019 12:00am
Richard Quest to speak at AdAsia Lahore
Business & Economy

Richard Quest to speak at AdAsia Lahore

The world renowned CNN anchor Richard Quest will be a key note speaker at AdAsia 2019 being held at Lahore from December 2-5 this year. Quest is CNN's foremost international business correspondent and presenter of Quest Means Business, the 5 times weekly
Published 25 Nov, 2019 12:00am
WEEKLY COTTON REVIEW: bearish trends observed in market
Cotton & Textile

WEEKLY COTTON REVIEW: bearish trends observed in market

The rate of quality cotton remained stable while there was almost no buyer of inferior quality cotton. Ginners were nervous. Over all bearish trends was seen in the market. Indian textile was facing heavy financial crunch. Local textile sector can come ou
Published 25 Nov, 2019 12:00am
Google doodle's 'creative' tribute for Parveen Shakir

Google doodle's 'creative' tribute for Parveen Shakir

Legendary poetess Parveen Shakir was remembered on her 67th birthday anniversary across the country yesterday (Nov 24), where Google also celebrates the birthday of the great Pakistani Urdu poet with an enchanting doodle. Parveen Shakir was born on 24 Nov
Published 25 Nov, 2019 12:00am
Prices of essential kitchen items witness upward trend
Commodities

Prices of essential kitchen items witness upward trend

Prices of important kitchen items, like pulses, vegetable, fruits, flour, ghee, sugar have witnessed upward trend in local market, according to survey conducted by Business Recorder here on Sunday. The survey noticed that price of good quality rice
Published 25 Nov, 2019 12:00am
Tunnel farming gains popularity among farmers
Commodities

Tunnel farming gains popularity among farmers

Tunnel farming technology for vegetable production has gained the popularity among the small growers and farmers in Punjab. Sources in Agriculture department told Business Recorder on Sunday that tunnel farming was being carried out over 16101 acre
Published 25 Nov, 2019 12:00am
LG system to empower people at the grass roots: PM

LG system to empower people at the grass roots: PM

Prime Minister Imran Khan said on Sunday the incumbent government is going to introduce a local government system that will empower people at the gross-root level. Khan said for the first time in four years the current account deficit has become surplus.
Published 25 Nov, 2019 12:00am
PTI utterly fails to meet public expectations: Kamal

PTI utterly fails to meet public expectations: Kamal

Pak Sarzameen Party (PSP) Chairman Syed Mustafa Kamal on Sunday said Pakistan is going through a constitutional crisis as the PTI-led Federal government seems utterly failed to meet the public expectations.
Published 25 Nov, 2019 12:00am
PFA seals 20 units of khoya, desi ghee
Commodities

PFA seals 20 units of khoya, desi ghee

The Punjab Food Authority (PFA) has closed down 20 manufacturing units of Desi Ghee and Khoya products while sharing the screening results of sampling here on Sunday. These units were sealed on account of adulteration and sub-standard operations. Meanwhil
Published 25 Nov, 2019 12:00am
Punjab government to establish VAWC: Buzdar

Punjab government to establish VAWC: Buzdar

To eradicate violence against women from society, Punjab Chief Minister Usman Buzdar has announced to replicate "Violence Against Women Centres" in all districts of the province through which the violence-stricken women would be able to get free-of-cost s
Published 25 Nov, 2019 12:00am
Air pollution aggravates in Punjab

Air pollution aggravates in Punjab

The air pollution in Punjab had aggravated after dry and cloudy weather with open garbage burning in Lahore and other major districts with poor air quality left uncontrolled.
Published 25 Nov, 2019 12:00am
Israel first democracy to expel HWR staffer: director

Israel first democracy to expel HWR staffer: director

Israel is set to become the first democracy to expel a Human Rights Watch employee, its executive director Ken Roth said Sunday, denouncing the upcoming deportation of one of his staffers.
Published 25 Nov, 2019 12:00am
Erdogan to visit Qatar today

Erdogan to visit Qatar today

Turkish President Recep Tayyip Erdogan will visit Qatar on Monday for discussions on Middle East issues, as the two countries have grown closer since the Saudi-led blockade of the small Gulf state.
Updated 25 Nov, 2019 08:10am
US urges social media platforms to block Iran officials

US urges social media platforms to block Iran officials

The US State Department on Saturday called on Facebook, Instagram and Twitter to suspend the accounts of Iranian government leaders until Tehran re-establishes internet coverage throughout the riot-torn country. The government imposed a near-total Interne
Published 25 Nov, 2019 12:00am
Duterte strips critic of drug war post

Duterte strips critic of drug war post

Philippine President Rodrigo Duterte fired Vice President and arch-critic Leni Robredo from her post as overseer of his deadly drug war on Sunday, an aide said, just days after calling her a "scatterbrain" not to be trusted with state secrets.
Updated 25 Nov, 2019 08:20am
US Navy defies Trump, proceeds in effort to expel SEAL

US Navy defies Trump, proceeds in effort to expel SEAL

The US Navy will proceed in its effort to oust a member of its elite SEAL commando unit, an official said Saturday, defying the wishes of President Donald Trump. Edward Gallagher had been accused of war crimes in a high-profile case but was found guilty o
Updated 25 Nov, 2019 08:18am
Greek PM sets up migrant child protection scheme

Greek PM sets up migrant child protection scheme

Greek Prime Minister Kyriakos Mitsotakis on Sunday announced a new scheme to protect unaccompanied migrant minors reaching the country, two days after condemning other EU states for their lack of solidarity.
Published 25 Nov, 2019 12:00am
Sudan's bourse maps out expansion plans amid uncertainty
Stocks

Sudan's bourse maps out expansion plans amid uncertainty

In the small basement of a two-storey building next to Khartoum's central bus station, around 40 smartly dressed men and women gather around terminals for an hour a day with one eye on the future of Sudan's fledgling financial market. The stock exchange w
Published 25 Nov, 2019 12:00am
EU to crack down on asset managers in 2020
Stocks

EU to crack down on asset managers in 2020

Market watchdogs in the European Union will launch coordinated checks next year on whether asset managers are flouting liquidity rules after the shuttered Woodford fund in Britain has raised questions, a top EU regulator said on Friday. Steven Maijoor, ch
Published 25 Nov, 2019 12:00am
Saudi index falls with most Gulf markets subdued
Stocks

Saudi index falls with most Gulf markets subdued

The Saudi Arabian stock market snapped a five-day rising streak on Sunday with lenders taking a breather after riding high on a lending boom related to Saudi Aramco's public listing. Other markets in the region were mostly lower as concerns surrounding gl
Published 25 Nov, 2019 12:00am
Central Europe's forex gets boost from eurozone PMI
Money & Banking

Central Europe's forex gets boost from eurozone PMI

Central Europe's currencies mostly edged higher on Friday, boosted by eurozone manufacturing data and renewed efforts in the US-China trade dispute, although Hungary's forint underperformed and remained near record lows. In Romania, the leu firmed going i
Published 25 Nov, 2019 12:00am
Investors win big in French lottery operator's IPO
Stocks

Investors win big in French lottery operator's IPO

Investors cheered a strong market debut Thursday for shares in France's state-owned lottery monopoly, an IPO the government hopes will create support for further privatisations and bolster President Emmanuel Macron's ambitious economic reforms. The govern
Published 25 Nov, 2019 12:00am
Dollar to stay mighty for another six months at least
Stocks

Dollar to stay mighty for another six months at least

The dollar's persistent and confounding strength will continue well into next year, and even if a partial US-China trade deal is signed it will at most knock the currency by 1-2% in the immediate aftermath, a Reuters poll found.
Published 25 Nov, 2019 12:00am
Home Credit drops Hong Kong IPO as valuation falls short
Stocks

Home Credit drops Hong Kong IPO as valuation falls short

Home Credit, controlled by the Czech Republic's richest businessman Petr Kellner, on Thursday dropped plans for a Hong Kong listing seen valued at around $1 billion after the consumer lender struggled to achieve its hoped-for valuation. The biggest market
Published 25 Nov, 2019 12:00am
Boeing announces new MAX orders as grounding crisis drags on
Global Business Economy

Boeing announces new MAX orders as grounding crisis drags on

Boeing's 737 MAX got a boost on Tuesday with confirmation of new orders for the still-grounded plane, but a fresh lawsuit connected to the development of the troubled aircraft poses another challenge for the company.
Published 25 Nov, 2019 12:00am
Exxon steps up assets sales with sweeping $25 billion plan
Energy

Exxon steps up assets sales with sweeping $25 billion plan

Exxon Mobil is accelerating its biggest asset sales in decades with plans to divest up to $25 billion of oil and gas fields in Europe, Asia and Africa as it sharpens its focus on a handful of mega projects at home and abroad, banking sources said.
Published 25 Nov, 2019 12:00am
Emirates announces $16 billion order for 50 Airbus A350 planes
Global Business Economy

Emirates announces $16 billion order for 50 Airbus A350 planes

Dubai state-owned airline Emirates said on Monday it had placed a firm order for 50 Airbus A350 jets worth $16 billion at list prices. "Together with the A380, the A350 will give us more capacity and flexibility. We will be able to expand to new markets w
Published 25 Nov, 2019 12:00am
Sanofi's strategy boss to leave as CEO readies revamp
Global Business Economy

Sanofi's strategy boss to leave as CEO readies revamp

Sanofi's most senior strategy boss is set to leave by the end of the month, according to a memo seen by Reuters, in the first major management change under new chief executive Paul Hudson as he shakes up the firm's priorities.
Updated 25 Nov, 2019 08:19am
Fiat Chrysler brushes off GM lawsuit, sees Peugeot deal by year end
Global Business Economy

Fiat Chrysler brushes off GM lawsuit, sees Peugeot deal by year end

Fiat Chrysler (FCA) on Thursday brushed off a shock lawsuit from General Motors (GM) and said it was confident of reaching a binding merger deal with Peugeot owner PSA Group by the end of this year to create the world's fourth largest carmaker.
Updated 25 Nov, 2019 09:12am
Chinese airlines turn to Asia as long-haul losses pile up
Global Business Economy

Chinese airlines turn to Asia as long-haul losses pile up

Chinese airlines are adding seats on short- and mid-range Asian flights in a strategic shift away from prestigious but loss-making North American routes to a market that promises better returns and growth.
Updated 25 Nov, 2019 09:12am
WHO sounds alarm on Ebola due to Congo insecurity

WHO sounds alarm on Ebola due to Congo insecurity

About 360 people are at potential risk of Ebola after contact with an infected person in eastern Congo yet many of them are out of reach due to clashes and insecurity, the World Health Organization said on Friday.
Updated 25 Nov, 2019 09:12am
'Manmade noise a major global pollutant'

'Manmade noise a major global pollutant'

It is well known that human hubbub can have a negative impact on some animals, but a new study on Wednesday says the noise we make should be treated as a "major global pollutant".
Published 25 Nov, 2019 12:00am
Xerox holds firm on HP offer, sets today as deadline
IT & Computers

Xerox holds firm on HP offer, sets today as deadline

Xerox said Thursday it was holding firm on its $33 billion takeover offer for computer and printer maker HP, and warned it would take the matter to shareholders directly without a deal by Monday.
Published 25 Nov, 2019 12:00am
Google enters battle for cloud gaming market
IT & Computers

Google enters battle for cloud gaming market

Ever-expanding Google becomes a gaming company Tuesday with the launch of its Stadia cloud service that lets people play console-quality video games on a web browser or smartphone.
Published 25 Nov, 2019 12:00am
Spain on the brink of Davis Cup triumph
Other

Spain on the brink of Davis Cup triumph

Rafael Nadal could clinch the Davis Cup for Spain after Roberto Bautista Agut gave the hosts the lead in the final against Canada on Sunday by beating Felix Auger-Aliassime. Bautista Agut returned after withdrawing on Thursday following the death of his f
Published 25 Nov, 2019 12:00am
India crush Bangladesh in day-night Test
Cricket

India crush Bangladesh in day-night Test

Paceman Umesh Yadav claimed five wickets as India thrashed Bangladesh in just over two days of their first day-night Test to sweep the series 2-0 on Sunday. Bangladesh were bowled out for 195 in less than an hour of the first session on day three in Kolka
Published 25 Nov, 2019 12:00am
Famous foreign wrestlers to compete in Karachi event
Other

Famous foreign wrestlers to compete in Karachi event

The Pro Wrestling Federation of Pakistan (PWFP) and Dreamworld Resort have joined hands once more to organize another high profile wrestling extravaganza at Dreamworld Resort on December 21, 2019. Hailed as the biggest event in Pakistan's Pro Wrestling hi
Published 25 Nov, 2019 12:00am
Babar ton in vain as Australia win first Test
Cricket

Babar ton in vain as Australia win first Test

Australia went one up in their two-Test series against Pakistan when they won the first Test by an innings and five runs at the Gabba in Brisbane on Sunday. After beginning their second innings 340 runs behind Australia and then losing three cheap wickets
Published 25 Nov, 2019 12:00am
Al Hilal clinch record-equalling Asian title
Other

Al Hilal clinch record-equalling Asian title

Salem Al-Dawsari and Bafetimbi Gomis were the heroes as Saudi Arabia's Al Hilal beat Urawa Red Diamonds 2-0 on Sunday and 3-0 on aggregate to claim a record-equalling third Asian club title in the AFC Champions League.
Published 25 Nov, 2019 12:00am
Watling hits double ton as New Zealand take control
Cricket

Watling hits double ton as New Zealand take control

England were battling for survival after Mitchell Santner took three cheap wickets following a match-turning double century by BJ Watling in the first Test against New Zealand on Sunday. After New Zealand declared at 615 for nine on day four in Mount Maun
Published 25 Nov, 2019 12:00am