News Archives for Print - 2019-12-02

Print - 2019-12-02

Articles

Understatement of the rate of inflation

Pakistan has been experiencing double-digit inflation after a gap of eight years. This has motivated the Pakistan Bureau of Statistics to change the base year of the Consumer Price Index (CPI) from 2007-08 to 2015-16 so as to be able to monitor inflationa

Updated 03 Dec, 2019 05:51am

Nigerian farmers hope to spread shea butter wealth

Surrounded by four children, Ladi Usman scoops shea nut paste from a plastic container into a metal pot on the stove in her cramped kitchen. Squinting to keep charcoal fumes out of her eyes, she stirs it with a bamboo stick, completing the final stages of

Published 02 Dec, 2019 12:00am

Renowned Latvian conductor Mariss dies

Renowned Latvian maestro Mariss Jansons, who conducted some of the world's most prestigious orchestras, has died at his home in Saint Petersburg, Russian authorities said on Sunday. He was 76.

Published 02 Dec, 2019 12:00am

Tunisian bus plunges off cliff, killing at least 24

At least 24 Tunisians were killed and 18 more injured Sunday when a bus plunged off a cliff into a ravine in the country's north, officials said.

Published 02 Dec, 2019 12:00am

Trump faces two impeachment deadlines as inquiry shifts focus

US President Donald Trump faced two deadlines in Congress on Sunday as Democrats prepared to shift the focus of their impeachment inquiry from fact-finding to the consideration of possible charges of misconduct over his dealings with Ukraine.

Published 02 Dec, 2019 12:00am

Strong stock market rally reflects investor confidence: Hafeez

Adviser to the Prime Minister on Finance Dr Abdul Hafeez Shaikh on Sunday said that strong rally in stock market shows increasing investors' confidence in government's stabilisation measures.

Published 02 Dec, 2019 12:00am

Stocks

Futures spread down by 763bps

The futures spread decreased by 763 basis points (bps) to 10.35 per cent at end of the last week down from 17.97 percent a week earlier.

Published 02 Dec, 2019 12:00am

Stocks

Massive recovery witnessed

Sentiments at Pakistan Stock Exchange (PSX) were remained positive during the outgoing week ended on November 29, 2019.

Published 02 Dec, 2019 12:00am

Six European countries join barter system for Iran trade

Paris, London and Berlin on Saturday welcomed six new European countries to the INSTEX barter mechanism, which is designed to circumvent US sanctions against trade with Iran by avoiding use of the dollar.

Published 02 Dec, 2019 12:00am

Wheat support price: Centre rejects Punjab government's request

The federal government has reportedly turned down Punjab government's proposal to freeze wheat support price at Rs 1300 / 40 kg as the raise in price would create unrest in the province, sources close to Minister for National Food Security and Research to

Published 02 Dec, 2019 12:00am

Money & Banking

Marginal changes

The rupee showed minor changes against the dollar on the money market during the week, ended on Nov 30, 2019.

Published 02 Dec, 2019 12:00am

CPFTA-II phase comes into affect on December 1

The second phase of China-Pakistan Free Trade Agreement (CPFTA) has come into the effect from today (Sunday) allowing the Pakistani manufacturers and traders to export around 313 new products on zero duty to the Chinese market.

Published 02 Dec, 2019 12:00am

Student unions: Comprehensive code of conduct needed: PM

Prime Minister Imran Khan on Sunday said that a comprehensive and enforceable code of conduct was needed before student unions were restored across the country. Taking to Twitter, he said that the government will establish a code of conduct which will be

Published 02 Dec, 2019 12:00am

Importers, clearing agents booked for submitting 'fake' pay orders

Model Customs Collectorate, Gwadar, Port Qasim Karachi has reportedly caught importers, and clearing agents for submitting fake pay orders worth millions of rupees as guarantee.

Published 02 Dec, 2019 12:00am

Two soldiers injured on LoC

Two soldiers were injured in an exchange of fire across the line of control (LoC) on Sunday, said Director General Inter-Services Public Relations (ISPR).

Published 02 Dec, 2019 12:00am

Sri Lanka wrangles with Switzerland over embassy staffer abduction

Sri Lanka on Sunday raised doubts about claims by a Swiss embassy staff member that she was abducted and demanded access to the woman who has said she was forced to hand over sensitive information.

Published 02 Dec, 2019 12:00am

Qureshi underscores need for higher economic growth

Federal Minister for Foreign Affairs, Shah Mehmood Qureshi on Sunday said that we have to convert the economic stability into growth to come up to the aspirations of the masses.

Published 02 Dec, 2019 12:00am

Mali leader appeals against hostility to foreign forces

Mali's President Ibrahim Boubacar Keita has urged Malians not to "bite the hands" of nations giving aid, in a response to growing hostility to foreign forces helping the Sahel country battle Islamist militants.

Published 02 Dec, 2019 12:00am

Climate crisis has reached 'point of no return': UN chief

The devastating impacts of global warming that threaten humanity are a pushback from Nature under assault, UN chief Antonio Guterres warned Sunday ahead of a key climate conference.

Published 02 Dec, 2019 12:00am

Terror checks intensified as London attack enters election fray

Britain's Boris Johnson said Sunday the security services were stepping up monitoring of convicted terrorists released early from prison, as the London Bridge attack became embroiled in the election campaign.

Published 02 Dec, 2019 12:00am

Litigants feel more comfortable before women judges: CJP

Chief Justice of Pakistan Asif Saeed Khan Khosa has said that litigants feel more comfortable in the courts of female judges because of their kindness.

Published 02 Dec, 2019 12:00am

PTI suspends membership of Hamid Khan

Pakistan Tehreek-e-Insaf (PTI) on Sunday suspended the membership of its senior leader Hamid Khan and slapped him with a show-cause notice for speaking against the party policy.

Published 02 Dec, 2019 12:00am

Iran says may 'reconsider' atomic watchdog commitments

Iran warned Sunday it may "seriously reconsider" its commitments to the UN atomic watchdog if European parties to a nuclear deal trigger a dispute mechanism that could lead to sanctions.

Published 02 Dec, 2019 12:00am

Letters

Whopping cotton production shortfall

How ironic it is that a country whose economy's mainstay is agriculture is going to witness a whopping shortfall of cotton bales. According to a Business Recorder news item, the government has stated that there would be a shortfall of 7 million bal

Updated 02 Dec, 2019 04:50am

Articles

No clear flight plan for Alitalia after rescue stalls

Efforts to save loss-making Alitalia have reached an impasse after months of unsuccessful negotiations with potential buyers, leaving Italy's government undecided on the next move. The struggling carrier, which has been under special administration since

Updated 02 Dec, 2019 06:33am

Articles

Intolerance without boundaries

Intolerance does not have a religion; it is a state of mind and conduct existing in all countries and societies in different degrees. It is also a basic inhuman trait easily adopted by humans. Intolerance is supposed to be part of an extremist mindset. An

Updated 02 Dec, 2019 06:06am

Articles

CPEC: Good or bad for Pakistan?

Ambassador Alice Wells, a frequent visitor to Pakistan in her capacity as Deputy Assistant Secretary of State for South and Central Asia, made some remarks at the renowned Woodrow Wilson Center on China Pakistan Economic Corridor (CPEC) that were promptly

Updated 02 Dec, 2019 05:01am

High treason case

The treason case filed against former COAS and President General Pervez Musharraf (retd) for imposing a state of emergency in 2007 and suspending the Constitution has dragged on without conclusion since 2013. In 2016, Musharraf was allowed to proceed abro

Updated 06 Dec, 2019 06:21am

Foreign inflows into T-bills

The present government has been very exuberant about the sharp improvement in the balance of payments position of the country and a rise, however modest, in its foreign exchange reserves. While the government could take credit for this achievement due to

Updated 06 Dec, 2019 06:21am

Business & Economy

SMEDA convenes ECDF meeting tomorrow

Small and Medium Enterprises Development Authority (SMEDA) has convened a meeting of the Economic Cooperation & Development Forum (ECDF) on Tuesday (tomorrow) to review findings of the thematic groups on challenges and opportunities for economic growth of

Published 02 Dec, 2019 12:00am

Five women killed as tractor trolley overturns

Five women were killed while five others sustained serious injuries when a tractor trolley they were perching on turned turtle here on Sunday.

Published 02 Dec, 2019 12:00am

Government's policies steer country out of danger zone: Omer

Federal Minister for Power Omer Ayub Khan Sunday said foreign investment trend is increasing day by day in Pakistan and economic situation is getting better day by day. He said this while addressing a public gathering after the inauguration of Sui gas pro

Published 02 Dec, 2019 12:00am

Commodities

KP to spend Rs 1.10 billion for developing livestock sector

The provincial government of Khyber Pakhtunkhwa has prepared four projects worth Rs1.10 billion for development of livestock sector to alleviate poverty and generate employment opportunities for the people of the tribal districts of the erstwhile FATA.

Published 02 Dec, 2019 12:00am

Plan-C of Azadi March: JUI-F to organise public meeting in Peshawar on December 8

JUI-F has decided to organise a big public meeting in Peshawar on December 8, 2019 under the Plan-C of its Azadi March, anti-government movement in the country. Besides, JUI-F chief Maulana Fazal-ur-Rehman, the leaders of other opposition parties will als

Published 02 Dec, 2019 12:00am

Climate change impacts: German-French embassies join hands to create awareness

The German and French embassies have organized seminars and lectures in Islamabad, Lahore and Karachi to sensitize the public about the climate change impacts and protection of environment.

Published 02 Dec, 2019 12:00am

Business & Economy

Ex-FPCCI VPs call for electing BMP panel

Former vice presidents, Federation of Pakistan Chamber of Commerce and Industry (FPCCI), Sultan Mohmand and Zafar Jalil Mastikhel have urged on the business community to vote for the panel of eminent industrialist/businessman, Mian Anjum Nisar in the annu

Published 02 Dec, 2019 12:00am

Qureshi to meet new Sri Lankan leadership

Foreign Minister Makhdoom Shah Mahmood Qureshi is scheduled to pay an official visit to Sri Lanka on 1-2 December 2019. While in Sri Lanka, the Foreign Minister will call on President Gotabaya Rajapaksa and Prime Minister Mahinda Rajapaksa and felicitate

Published 02 Dec, 2019 12:00am

Academic matters discussed at SU syndicate

The 200th meeting of the Syndicate of University of Sindh, Jamshoro was held to discuss and resolve matters relating to smooth conduct of business at the varsity. The meeting was presided over by SU Vice Chancellor Prof Dr Fateh Muhammad Burfat.

Published 02 Dec, 2019 12:00am

Prices of essential items slightly reduced

Prices of essential food commodities, including vegetable, live chicken/meat, sugar, flour and others have slightly decreased in local market, according to survey conducted by Business Recorder here on Sunday.

Published 02 Dec, 2019 12:00am

Appointment of CEC: Parliamentary panel meets tomorrow to avert crisis

The parliamentary committee on appointment of Chief Election Commissioner (CEC) and members of Election Commission is set to meet on Tuesday to avert the crisis as chief election commissioner (CEC) is going to retire on December 6 and two members of the c

Published 02 Dec, 2019 12:00am

Engineering programmes: 890 awarded degrees at UET convocation

The 21st Convocation of University of Engineering and Technology, Peshawar, 2019 was held other day at the University of Peshawar to commemorate the academic accomplishments of students of engineering and technology of academic sessions of 2017-18 and 201

Published 02 Dec, 2019 12:00am

Ill-effects of corruption: NAB Rawalpindi engages civil society to enhance awareness

The National Accountability Bureau (NAB) Rawalpindi has engaged different organisations, civil society and other segments of society to aware people about ill effects of corruption under its special campaign across the country.

Published 02 Dec, 2019 12:00am

Probe into alleged victim of karo kari under way: Ghani

Sindh Minister for Information, Archives and Labour Saeed Ghani has said that Sindh government after taking prompt notice of an alleged incident in which an 11 years old girl was killed on the pretext of karo kari in a village of Johi town of district Dad

Published 02 Dec, 2019 12:00am

Pakistan Council concerned at increasing violence against Muslims

Pakistan Council of World Religions-Faith Friends, an organisation of people belonging to different religions, has expressed serious concern over the growing happenings of violence against Muslims in various countries and urged the United Nations to play

Published 02 Dec, 2019 12:00am

ATP to hold protest rallies against HR violations in IOK

Amun Taraqqi Party (ATP) has announced to hold protest rallies and demonstrations against the growing human rights violations, clampdown and Indian forces atrocities in Indian Occupied Kashmir (IOK).

Published 02 Dec, 2019 12:00am

Cotton & Textile

PRGMEA demands soft loans for upgrading units

Regional President of International Apparel Federation (IAF) and Chief Coordinator Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) Ijaz A Khokhar has suggested that the government concentrate on providing soft loans to the exp

Published 02 Dec, 2019 12:00am

Opposition united for their vested interests: Buzdar

Blaming the previous rulers for causing "irreparable losses" to the national economy, Punjab Chief Minister Punjab Sardar Usman Buzdar has claimed that Prime Minister Imran Khan and his team have put the economy in right direction in a short span of time.

Published 02 Dec, 2019 12:00am

Need for ensuring rule of law stressed

District Police Officer (DPO), Kohat, Wahid Mehmood on Sunday said that the concept of rule of law educates us in the virtues of abiding by the rules and regulations governing the society.

Published 02 Dec, 2019 12:00am

Army Act, economic policies: Fawad suggests joint parliamentary body for 'consensus'

Emphasizing the need for a wider consensus regarding institutions with the help of opposition parties, Federal Minister for Science and Technology Fawad Chaudhry has proposed the establishment of a joint parliamentary committee to form consensus on the is

Published 02 Dec, 2019 12:00am

Army Act: three-member body to hold talks with opposition parties

In a bid to proceed with the legislation in Army Act, the government on Sunday formed a three-member committee for holding talk with opposition political parties.

Published 02 Dec, 2019 12:00am

Rulers bring embarrassment to their 'backers': JI

Jamaat-e-Islami chief Senator Sirajul Haq has said that the forces who backed the PTI to come to power feel embarrassment because of the non-serious attitude of the rulers to run the government affairs.

Published 02 Dec, 2019 12:00am

'Educating girls is a key to build economy'

Educating girls is a key to build economy and overcoming social problems as Pakistan's future is bleak without girl's education, said Dr Maryam Noman chairperson Women Resource Centre of Sialkot Chamber of Commerce and Industry (SCCI). She expressed these

Published 02 Dec, 2019 12:00am

'165,000 suffering from HIV virus in Pakistan'

AIDS disease is getting alarming day by day and according to an estimate approximately 165,000 patients are suffering from HIV virus in Pakistan. On average 22,000 patients suffer from HIV annually in Pakistan.

Published 02 Dec, 2019 12:00am

Punjab CTD to set up 'special monitoring cell'

Newly-appointed Punjab Inspector General Police (IGP) Dr Shoaib Dastgir has directed the Punjab Counter-Terrorism Department (CTD) to establish a 'special monitoring cell' with the assistance of Special Branch for the surveillance of extremist groups or o

Published 02 Dec, 2019 12:00am

Brief Recordings

'Frozen food market somewhere between Rs35-50 billion: an interview with Rafiq Rangoonwala, CEO Quick Foods

Rafiq Rangoonwala is the President of Pakistan Food Association and CEO Quick Food Industries, and has contributed over 39 years leading different food brands in Pakistan and abroad. BR Research sat down with him to talk about MonSalwa, the brand behind t

Updated 03 Dec, 2019 05:37am

Hong Kong police fire tear gas as thousands take to the streets in fresh protests

Police fired tear gas to disperse thousands of anti-government protesters in Hong Kong on Sunday, ending a rare lull in violence, as residents took to the streets chanting "revolution of our time" and "liberate Hong Kong".

Published 02 Dec, 2019 12:00am

Burglars hit East German secret police museum in Berlin

Burglars broke into Berlin's Stasi Museum, which showcases items of East Germany's hated secret police, making off with collectible medals and gold jewellery, authorities said Sunday, days after a spectacular diamond heist in Dresden.

Published 02 Dec, 2019 12:00am

Mexico shootout leaves 21 dead

A shootout in Mexico near the US border between suspected drug traffickers and police left at least 21 dead, including four officers, officials said Sunday.

Published 02 Dec, 2019 12:00am

After US decision, Israel plans new Hebron settlement

Israel's defence minister announced plans to build a new Jewish-only settlement in the heart of a flashpoint West Bank city on Sunday, weeks after the United States said it no longer considered such communities illegal.

Published 02 Dec, 2019 12:00am

Australian freed by Taliban believes US made multiple rescue attempts

An Australian man who spent three years in Taliban captivity said Sunday that he believes US special forces tried to rescue him and an American colleague on half-a-dozen-occasions.

Published 02 Dec, 2019 12:00am

Nearly 70 dead in Syria regime clashes with Idlib militants

Two days of clashes between regime forces and armed groups in Syria's last major opposition bastion have killed nearly 70 on both sides, undermining a months-long ceasefire agreement, a war monitor said Sunday.

Published 02 Dec, 2019 12:00am

Plane crash kills nine, injures three in South Dakota

A plane crash in the US state of South Dakota killed nine people, including two children, and injured three others on Saturday while a winter storm warning was in place, officials said.

Published 02 Dec, 2019 12:00am

EU leaders mark a decade of Lisbon Treaty amid calls for reform

European Union leaders on Sunday celebrated the 10th anniversary of the Lisbon Treaty, the union's legal cornerstone, amid calls to reform a bloc weakened over the past decade by economic and migration crises, rising euroscepticism and Brexit.

Published 02 Dec, 2019 12:00am

EU leadership takes office touting green ambition

The EU's new leadership took office on Sunday, one month later then planned, promising a more united Europe that would be ready to face major challenges, especially fighting climate change.

Published 02 Dec, 2019 12:00am

Parliament approves Iraqi prime minister's resignation

Iraq's parliament voted on Sunday to accept the resignation of Prime Minister Adel Abdul Mahdi, following weeks of violent anti-government protests that have rocked the country.

Published 02 Dec, 2019 12:00am

Saudi Arabia takes over G20 presidency from Japan

Saudi Arabia became the first Arab nation Sunday to take over the G20 presidency as it seeks to bounce back onto the world stage following global uproar over its human rights record.

Published 02 Dec, 2019 12:00am

Money & Banking

Junk loan market tensions signal end of buyout-led binge

Many investors are shunning the riskiest corners of the junk-rated US corporate loan market because of concerns about possible credit rating downgrades, putting the brakes on a run of leveraged buyouts and debt-funded dividends.

Published 02 Dec, 2019 12:00am

Stocks

Google must help stop illegal marketing of mini-bond schemes

Google must do more to stop illegal online marketing of money-making schemes that can lead to small investors losing their savings, Britain's regulator said on Tuesday after it banned mass-marketing of mini-bonds.

Published 02 Dec, 2019 12:00am

Stocks

China's heft in stock benchmarks stirs worries of concentration risk

China's dominance in widely followed emerging market benchmarks has investors worried about concentrated risks, fuelling demand for indexes that limit their exposure to mainland companies.

Published 02 Dec, 2019 12:00am

Stocks

Markets advance on hopes of reduced Gulf tensions

All major Gulf stock markets closed higher on Sunday on hopes that a reported visit by Qatar's foreign minister to Riyadh would ease a rift between Gulf states. Qatar's foreign minister made an unannounced visit to Saudi Arabia, sources told Reuters on Th

Published 02 Dec, 2019 12:00am

Money & Banking

Canada's yield advantage seen underpinning loonie over coming year

The Canadian dollar, this year's G10 pacesetter, will edge higher over the coming 12 months, supported by the solid performance of Canada's economy and its high yield relative to other major currencies, a Reuters poll showed.

Published 02 Dec, 2019 12:00am

Money & Banking

Bayport explores $800 million London listing

Bayport Management, an African consumer lending company, is considering a London listing in the first half of 2020 that could value it at around $800 million, three sources familiar with matter said.

Published 02 Dec, 2019 12:00am

Stocks

Not much potential to unleash in FTSE

Limited growth is in store for London's blue-chip stocks index as Prime Minister Boris Johnson, who promises to "unleash Britain's potential" and "get Brexit done", is leading in polls for the election on Dec. 12, investors said.

Published 02 Dec, 2019 12:00am

Stocks

US stocks to keep climbing in 2020 but growth well below this year's

US stocks will keep rising in 2020 but at a much more modest pace than this year, with plenty to potentially slow the ascent, according to a Reuters poll of strategists.

Published 02 Dec, 2019 12:00am

Stocks

Wall Street week ahead: investors expect global stocks to outperform US in 2020

Even though the US stock market continues a record-breaking rally that has sent the benchmark S&P 500 index up nearly 25% for the year, investors appear to be looking elsewhere for better values in the year ahead.

Published 02 Dec, 2019 12:00am

Global Business Economy

Rio Tinto spends $749 million to expand Australia mine

Anglo-Australian mining giant Rio Tinto on Wednesday said it would invest US$749 million to expand production at one of its iron ore mines in Australia's remote Pilbara region.

Published 02 Dec, 2019 12:00am

Global Business Economy

Novartis to buy US medicines' firm for $9.7 billion

Swiss pharmaceuticals giant Novartis announced over the weekend it would dish out $9.7 billion (8.8 billion euros) to acquire US firm Medicines Company, in a move aimed at boosting its cardiovascular treatment portfolio.

Published 02 Dec, 2019 12:00am

Global Business Economy

Gategroup to buy Lufthansa's catering business in Europe

Lufthansa said on Tuesday it is selling the European operations of its catering division LSG to Switzerland's Gategroup, part of the German carrier's plans to focus on its airline business. Reuters had earlier reported that Gategroup was close to a deal t

Published 02 Dec, 2019 12:00am

Energy

Thousands of UK jobs at risk as E.ON breaks up Npower

German energy group E.ON plans a 500-million-pound ($642 million) break-up of the struggling British Npower division it inherited from Innogy, which a union said could put up to 4,500 jobs at risk.

Published 02 Dec, 2019 12:00am

Money & Banking

Scotiabank profit slightly beats estimates

Bank of Nova Scotia, Canada's third-biggest lender, posted a 1.6% rise in quarterly profit on Tuesday, slightly exceeding expectations as loan and deposit growth and international earnings offset falling margins and higher credit provisions.

Published 02 Dec, 2019 12:00am

Telecommunication

Xiaomi growth slows in third quarter

Chinese smartphone maker Xiaomi Corp posted its slowest-ever quarterly revenue growth as the country's smartphone market grapples with a protracted lull in sales and larger rival Huawei increases its share of the market.

Published 02 Dec, 2019 12:00am

Global Business Economy

AirAsia swings to net loss as FX fluctuations bite

Malaysia's flagship budget airline AirAsia Group Bhd flipped to a loss in its third-quarter, hit by foreign exchange losses and a writedown in the value of currency and interest rate swaps.

Published 02 Dec, 2019 12:00am

Global Business Economy

Lone Star in exclusive talks to buy BASF's chemicals unit

Lone Star has entered exclusive negotiations to buy BASF's construction chemicals business as the German chemicals company seeks to focus on more profitable operations, people close to the matter said.

Published 02 Dec, 2019 12:00am

Global Business Economy

Uber loses London licence due to safety risks

London's transport authority on Monday refused to renew an operating licence for ride-hailing giant Uber - and blamed "unacceptable" safety risks for passengers. "Transport for London (TfL) has concluded that it will not grant Uber London Limited (Uber) a

Published 02 Dec, 2019 12:00am

Global Business Economy

Big four auditors face investor calls for tougher climate scrutiny

European investors managing assets worth more than 1 trillion pounds ($1.28 trillion) are pressing top auditors to take urgent action on climate-related risks, warning that failure to do so could do more damage than the financial crisis.

Published 02 Dec, 2019 12:00am

Cancer patients, survivors face increased risk of heart disease deaths

Many cancer patients and survivors die from heart disease rather than from their tumors, especially if they have certain malignancies like breast and prostate cancer, a US study suggests.

Published 02 Dec, 2019 12:00am

Measles claims 5,000 lives in DR Congo this year: WHO

Measles has killed more than 5,000 people in the Democratic Republic of Congo since January - more than double the toll in the country's Ebola epidemic - the World Health Organization said on Wednesday. "The DRC (measles) outbreak is the largest outbreak

Published 02 Dec, 2019 12:00am

Greenhouse gas levels in atmosphere hit new high in 2018: UN

Greenhouse gases levels in the atmosphere, the main driver of climate change, hit a record high last year, the UN said Monday, calling for action to safeguard "the future welfare of mankind". "There is no sign of a slowdown, let alone a decline, in greenh

Published 02 Dec, 2019 12:00am

Slash emissions or face climate disaster, UN warns

The world will miss its chance to avert climate disaster without an immediate and all-but-impossible fall in fossil fuel emissions, the UN said on Tuesday in its annual assessment on greenhouse gases. The United Nations Environment Programme said that glo

Published 02 Dec, 2019 12:00am

Global Business Economy

Grocery deliveries go high-tech in New York

In New York, a city famous for always being on the go, grocery shopping can be time consuming. But grocery company FreshDirect promises to deliver within mere hours fruit, fish and bottles of water ordered online, and it relies on its high-tech Bronx ware

Published 02 Dec, 2019 12:00am

IT & Computers

China bans 'fake news' created with AI, VRT

China has issued new rules banning online video and audio providers from using artificial intelligence (AI) and virtual reality technologies to produce "fake news." The regulation published Friday by China's cyberspace authority said that both providers a

Published 02 Dec, 2019 12:00am

Telecommunication

Huawei plans legal challenge to latest US pressure: report

Chinese telecoms giant Huawei is preparing a legal counterpunch against new moves by American regulators to bar the company from accessing $8.5 billion in US federal funds for services and equipment, a report said Friday.

Published 02 Dec, 2019 12:00am

IT & Computers

Web inventor launches plan to stop internet abuse

World Wide Web inventor Tim Berners-Lee on Monday unveiled a "Contract for the Web" to halt "misuse" by governments, companies and individuals, bringing several capitals and tech titans like Google aboard.

Published 02 Dec, 2019 12:00am

IT & Computers

Facebook buys maker of hit VR game 'Beat Saber'

Facebook-owned Oculus on Tuesday said it is buying the studio behind hit virtual reality game "Beat Saber" as it looks to expand VR technology to wider audiences. Oculus, which makes Rift and Quest VR headgear, did not disclose financial terms of the deal

Published 02 Dec, 2019 12:00am

Other

Guangzhou reclaim Chinese title

Guangzhou Evergrande clinched an eighth Chinese Super League title in nine seasons as Fabio Cannavaro's side beat Shanghai Shenhua 3-0 on Sunday to reclaim the trophy 12 months after surrendering it to Shanghai SIPG.

Updated 02 Dec, 2019 11:30pm

Other

Hamilton wraps up season with 'master-class' in Abu Dhabi

Lewis Hamilton delivered sumptuous confirmation of his title-winning supremacy on Sunday when he claimed his 84th career victory and 11th in 21 races this year by dominating the season-ending 'twilight' Abu Dhabi Grand Prix.

Published 02 Dec, 2019 12:00am

Cricket

Pakistan fight to avoid defeat

Pakistan was battling to stave off defeat in the day-night second Test against a relentless Australia on Sunday after being forced to follow on, with Tim Paine's men needing seven wickets to clinch the series 2-0.

Published 02 Dec, 2019 12:00am

Cricket

Root survives with his ton as New Zealand make inroads

New Zealand struck crucial blows late on day three of the second Test to have England in trouble despite centuries from Joe Root and Rory Burns in Hamilton on Sunday. England captain Root ended his run drought with an unbeaten 114 while Burns survived on

Published 02 Dec, 2019 12:00am

Business & Economy

KP Cycling Association bans former secretary, others for violating UCI rules

Khyber Pakhtunkhwa Cycling Association has imposed ban on former general secretary Pakistan Cycling Federation Idrees Haider Khawjah, Waqar Ali, Fayyaz Ahmad and Nasir Mohmand for conducting cycling event in violation of the rules and regulations of the U

Published 02 Dec, 2019 12:00am

Business & Economy

Sluggish economic activities halt industrial expansion plans: PBIF

President Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain has said that sluggish economic activities have resulted in deferred industrial expansion plans which is not good for the economy.

Published 02 Dec, 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 27	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 27 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 27 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 27 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 27 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 27 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 27 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 27 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 27 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 27 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 27 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 27 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 27 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 27 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 27 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 27 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 27 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 27 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 27 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 27 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 27 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 27 Telecard Limited(TELE)	12,358,668 ▲ 0.00

Markets →

Calculate your monthly liability in FY24

Most Popular