News Archives for Print - 2019-12-03

Print - 2019-12-03

Stocks

PSX emerges back into 40,000 zone: BRIndex100 stages smart rally

Bulls took control of Pakistan Stock Exchange on the back of healthy buying in almost all sectors that supported the bourse to close on strong positive note with hefty gains.

Published 03 Dec, 2019 12:00am

Country manages to pay back $1bn against Sukuk

Pakistan Monday paid back some $1 billion on maturity of five-year international Sukuk.

Published 03 Dec, 2019 12:00am

Sales tax refunds: PM for making payment system 'further' easier

Prime Minister Imran Khan has directed chairman Federal Board of Revenue (FBR) to make the system introduced by the present government for payment of sales tax refunds to exporters "further" easier.

Published 03 Dec, 2019 12:00am

Moody's upgrades outlook

Moody's Investors Service (Moody's) on Monday affirmed the government of Pakistan's local and foreign currency long-term issuer and senior unsecured debt ratings at B3 and changed the outlook to stable from negative.

Published 03 Dec, 2019 12:00am

Country held to expensive electricity 'ransom': Nepra chief

National Electric Power Regulatory Authority (Nepra) Chairman Tauseef H Siddiqui Monday said that Pakistan has been 'ransomed' to expensive electricity due to which demand is lower.

Published 03 Dec, 2019 12:00am

13 Pakistanis killed in Jordan fire: FO

As many as 13 Pakistani nationals, including seven children, four women and two men, lost their lives in a fire incident which broke out in their tent in Jordan, Foreign Office confirmed.

Published 03 Dec, 2019 12:00am

Grade 22 officer resigns just 14 days before retirement

Former director general (DG) Federal Investigation Agency (FIA) Bashir Ahmed Memon, who was set to retire on December 16, has resigned from his service.

Published 03 Dec, 2019 12:00am

PM concedes criticality of bureaucracy

Prime Minister Imran Khan on Monday said that Pakistan is at the crossroads of history and urged bureaucracy to translate the vision of political leadership for the country's development and people's prosperity into reality. Speaking to recently-promoted

Published 03 Dec, 2019 12:00am

Enlarged lymph nodes detected in Nawaz's right axilla: Dr Adnan

Dr Adnan, personal physician of former prime minister and Pakistan Muslim League-Nawaz (PML-N) supremo said that Nawaz Sharif's positron emission tomography (PET) scan showed lymph nodes. Talking to media in London on Monday, he said the former prime mini

Published 03 Dec, 2019 12:00am

Senate body told: Finance Division deducting interest on NHA CDLs

Finance Division has been deducting interest on $10 billion cash development loans (CDLs) of National Highway Authority (NHA) from allocations made through the Public Sector Development Program (PSDP) and consequently it causes delays and escalates projec

Published 03 Dec, 2019 12:00am

Insurance business: SECP delegates certain powers to Commissioner Insurance

The Securities and Exchange Commission of Pakistan (SECP) has delegated certain powers and functions of the Commission to its Commissioner (Insurance) and the officers of the Insurance Division, to deal with the insurance companies, insurance brokers, ins

Published 03 Dec, 2019 12:00am

PM vows to make 'Food Bank' programme successful

To stabilise the national economy and create employment opportunities for youth is the government's foremost priority, Prime Minister Imran Khan said on Monday.

Published 03 Dec, 2019 12:00am

Israeli occupation costs Palestinian economy $2.5bn a year: UN

Israel's occupation of the Palestinian territories has cost the economy of the Palestinians more than $2.5 billion a year for the past two decades, a UN report said Monday.

Published 03 Dec, 2019 12:00am

China slaps sanctions on US over Hong Kong unrest

China suspended US warship visits and sanctioned American NGOs on Monday in retaliation for the passage of a bill backing pro-democracy protesters in Hong Kong. The financial hub has been rocked by nearly six months of increasingly violent unrest demandin

Published 03 Dec, 2019 12:00am

Putin, Xi launch 'historic' Russian gas pipeline to China

Russia and China on Monday launched a giant gas pipeline linking the countries for the first time, one of three major projects aimed at cementing Moscow's role as the world's top gas exporter.

Published 03 Dec, 2019 12:00am

Fake refund scam: Two FBR officials awarded RI, fine

An accountability court has awarded rigorous imprisonment of 5 years and fine to two FBR inland officers over release of fake sales tax refund amounting to Rs. 111.47 million.

Published 03 Dec, 2019 12:00am

Mega Karachi water project gets no funds in 5 months

Federal Government has not released a single penny for Greater Karachi Water Supply project - commonly known as K-IV project - in the first five months of the current financial year.

Published 03 Dec, 2019 12:00am

Bajwa visits Mushaf Base

Chief of Army Staff (COAS) General Qamar Bajwa on Monday visited Pakistan Air Force (PAF) Mushaf Base Sargodha.

Published 03 Dec, 2019 12:00am

Letters

The 'Trumpian age'

This is a 'Trumpian age', which is characterised by utter disregard of norms and conventions. Not only is the US President's approach to global issues highly flawed, it is also dangerous for the world community because of a variety of reasons.

Updated 03 Dec, 2019 07:16am

Articles

US digs deeper into Deutsche role in Danske money laundering scandal

The US Department of Justice has in recent weeks stepped up its investigation into Deutsche Bank's role in the 200 billion euro ($220 billion) Danske Bank money laundering scandal, four people familiar with the inquiry told Reuters.

Updated 03 Dec, 2019 10:53am

Articles

Students' mobilization

An unprecedented in recent times countrywide mobilisation of students across the state-run and private elite institutions of higher education was witnessed on November 29, 2019. Some 60 cities and towns all over the country became the site of protest rall

Updated 03 Dec, 2019 09:19am

NY-based Indian CG's hubris

His remarks are shocking though not surprising as they are all of a piece with his ultra Hindu nationalist government's saffronization agenda for occupied Jammu and Kashmir (J&K). In a recent interaction with the Kashmiri Hindu Pandit Diaspora, Indian Con

Updated 06 Dec, 2019 06:28am

Promotion of SMEs

Authorities in Pakistan have usually been striving to promote small and medium enterprises (SMEs) with a view to accelerating the pace of development and creating new employment opportunities in the country. However, the results of their efforts have not

Updated 06 Dec, 2019 06:23am

Qureshi briefs Sri Lankan counterpart on 'human rights crisis' in IoK

Foreign Minister Shah Mehmood Qureshi on Monday briefed his Sri Lankan counterpart Dinesh Gunawardena on the dire situation and human rights crisis in Indian occupied Kashmir (IoK), said Foreign office spokesperson Dr Muhammad Faisal.

Published 03 Dec, 2019 12:00am

Imran Frooq murder case: CTC of London's MPS produces 'key' evidence before ATC

A senior official of Counter Terrorism Command (CTC) of London's Metropolitan Police Service (MPS) on Monday produced key evidence before Anti-Terrorism Court (ATC) regarding Muttahida Qaumi Movement (MQM) leader Dr Imran Farooq murder case.

Published 03 Dec, 2019 12:00am

15 senior doctors, officials of PIMS promoted

As many as 15 senior doctors and officials of different departments of Pakistan Institute of Medical Sciences (PIMS) were promoted from BPS-18 (basic pay scale) to BPS-19 after recommendations of Departmental Selection Board meeting on Monday.

Published 03 Dec, 2019 12:00am

ECP members: Parliamentary panel's meeting ends inconclusively

A meeting of the parliamentary committee to wave off the Election Commission of Pakistan crisis ended inconclusive on Monday as out of total two members to be appointed one each from Sindh and Balochistan, the government is not ready to accept one member

Published 03 Dec, 2019 12:00am

Roshan Sindh project case: AC accepts plea bargain of two accused

The Accountability Court hearing multibillion rupees fake bank account case on Monday approved plea bargain between two accused of Roshan Sindh project case and National Accountability Bureau (NAB).

Published 03 Dec, 2019 12:00am

Service of army chief: Bilawal links passage of constitutional amendment to 'new' PM

Chairman Pakistan Peoples Party Bilawal Bhutto Zardari on Monday linked the constitutional amendment for specifying the terms and conditions of service of a chief of army staff with change of Prime Minister Imran Khan.

Published 03 Dec, 2019 12:00am

IJT welcomes PM's statement on revival of student unions

Welcoming Prime Minister Imran Khan's statement on revival of student unions, Islami Jamiat Talba (IJT) chief Muhammad Aamir on Monday extended all-out cooperation of the students to the government.

Published 03 Dec, 2019 12:00am

ATC issues arrest warrants for FIA official in BB case

The Anti-terrorism Court Monday issued bailable arrest warrants of the Inspector Federal Investigation Agency (FIA) for not appearing before the court pertaining to seizure of Musharaf's assets in Benazir Bhutto murder case.

Published 03 Dec, 2019 12:00am

Farogh's licence stands suspended

The certificate of Muhammad Farogh Naseem to practice as an advocate was restored by Pakistan Bar Council on 28-11-2019, after he resigned from the office of federal minister for law & justice and submitted his application for restoration.

Published 03 Dec, 2019 12:00am

Meeting of joint opposition to be held today

PML-N Secretary Information Marriyum Aurangzeb has said that an important meeting of the joint opposition will be held on Tuesday (today).

Published 03 Dec, 2019 12:00am

Chohan reappointed Punjab info minister

After reshuffle in Punjab bureaucracy on large scale, provincial Colonies Minister Fayyazul Hassan Chohan has been reappointed as Punjab minister for information and culture.

Published 03 Dec, 2019 12:00am

Qasim Tribe royalty case; SC asks where pending cases would go

The Supreme Court on Monday questioned as to where the pending cases before FCR and Tribunal would go after the 25th Amendment and issued notice to the Attorney General for Pakistan and the Advocate General Khyber Pakhtunkhwa.

Published 03 Dec, 2019 12:00am

Disclosures: Justice Isa's counsel refers to Sec 216 of IT Ord

Justice Qazi Faez Isa's counsel has contended that under Section 216 of Income Tax Ordinance, 2001, returns furnished or documents produced shall be confidential and no public servant save as provided in this Ordinance may disclose any such particulars.

Published 03 Dec, 2019 12:00am

JI chief accuses govt of ignoring Kashmir issue

Emir Jamaat-e-Islami (JI) Sirajul Haq has urged the government to set aside all political differences with political parties and convene a joint session of the Parliament to devise a roadmap for rescuing the people of the Indian-occupied Kashmir.

Published 03 Dec, 2019 12:00am

Taxes

Minimising human interface in tax administration: FBR making efforts: CC LTU

Chief Commissioner-IR, Large Taxpayers Unit Lahore Asim Majid Khan said Monday the Federal Board of Revenue (FBR) is endeavouring for removing human interface in tax matters and refunds claims of exporters are being cleared online.

Published 03 Dec, 2019 12:00am

Business & Economy

IATC Impact Awards 2019: Engro Foundation announces names of recipients

Engro Foundation announced the recipients of I Am The Change (IATC) Impact Awards for 2019 in a ceremony held today. In addition to the senior management of Engro, various private, public, and development sector leaders were also in attendance.

Published 03 Dec, 2019 12:00am

Energy

'PSO excellence awards' recognise performance of business partners

PSO, the leading oil marketing company of the country, organized an impressive awards ceremony in Lahore to recognize exceptional performance of its business partners and to appreciate their continued commitment to the prosperity and progress of the compa

Published 03 Dec, 2019 12:00am

Importance of cyber security authority highlighted

"My strong recommendation was for the cyber security authority, to develop a cyber security framework and to formulate a strategy to secure national/individual data," said Member of Prime Minister Task Force on IT and Telecommunication, Vice Admiral Syed

Published 03 Dec, 2019 12:00am

Suspected drug peddler arrested

Sindh Excise Police Karachi on Monday claimed to have arrested an accused Faisal near Abdullah Girls College North Nazimabad and recovered substantial quantity of drugs from his possession.

Published 03 Dec, 2019 12:00am

Business & Economy

Emirates launches 'Super Sale Promotion'

Emirates on Monday launched a 'Super Sale promotion' that will allow Pakistani travelers to fly to selected destinations across the airline's network on special fares starting as low as USD 271.

Published 03 Dec, 2019 12:00am

Cotton & Textile

July-October 2019: Import of textile machinery nosedives to $153.028 million

Pakistan's import of textile machinery nosedived to $153.028 million in July-Oct 2019, down by 1.15 percent, official figures say. Fall in textile machinery now comes to the tune of $1.773 million in July-Oct 2019 from $154.801 million in July-Oct 2018, P

Published 03 Dec, 2019 12:00am

Money & Banking

ADB team visits PSA

The delegation consists of David White and Ms Michelle Parnell of Asian Development Bank (ADB), accompanied with Akif Saeed who is currently serving as consultant to ADB, visited PSX Stockbrokers Association (PSA) on Monday.

Published 03 Dec, 2019 12:00am

Money & Banking

IGEA, NBP sign strategic cooperation agreement

A delegation comprising 45 Chinese officials headed by Sha Zukhang, former Deputy Secretary-General of the United Nations, President of Pakistan Friendship Association of China and Honorary Chairman of the International Green Economy Association (IGEA), v

Published 03 Dec, 2019 12:00am

Business & Economy

Karachi mayor urged to identify alternate business places for traders

The city traders on Monday urged Mayor Karachi to ensure alternate business places for the traders whose shops were razed to the ground by Karachi Metropolitan Corporation (KMC) as part of the anti-encroachment operation across the city.

Published 03 Dec, 2019 12:00am

Government mapping all national heritage sites

The government of Pakistan is mapping all the national heritage sites so that national heritage can be identified and preserved, which has great potential to attract local and global tourism.

Published 03 Dec, 2019 12:00am

Locust attacks: Sindh government to provide Rs10 million bridge financing to PPD

As the locust attacks have caused serious damage to the standing crops in 11 districts, the Sindh government has decided to provide Rs10 million to federal Plant Protection Dept as bridge finance arrangement to arrange three aircraft, fuel and pesticide t

Published 03 Dec, 2019 12:00am

Chinese official meets Pak dignitaries

Chinese Vice Foreign Minister Luo Zhaohui met with visiting Pakistani friends, including Nisar A. Memon, former Federal Minister for Information and Broadcasting, Khalid Kidwai, former Director General of Strategic Plans Division and Muhammad Mustafa Khan

Published 03 Dec, 2019 12:00am

Corruption inquiry: Qaim gets interim bail till 9th

The Islamabad High Court (IHC) Monday granted interim pre-arrest bail to former chief minister of Sindh Syed Qaim Ali Shah in Roshan Sindh inquiry by the National Accountability Bureau (NAB).

Published 03 Dec, 2019 12:00am

Energy

Pakistan won't brook any violation of IWT: Omar

Minister for Power Division Omar Ayub Khan on Monday categorically said that Pakistan would swiftly retaliate in case India violated Indus Water Treaty (IWT).

Published 03 Dec, 2019 12:00am

Musharraf hospitalised in Dubai

Former president of Pakistan General Pervez Musharraf (retd) has been admitted to hospital owing to serious health issues on Monday. Pervez Musharraf left for Dubai in 2016 to "seek medical treatment" and has not returned to the country since.

Published 03 Dec, 2019 12:00am

Taxes

MCC PMBQ achieves Nov revenue target

The Model Customs Collectorate (MCC) of Port Muhammad Bin Qasim (PMBQ), Karachi achieved its total revenue target for the month of November, 2019. The total collection for November, 2019 stood at Rs 53.97 billion as against the monthly target of Rs 52.91

Published 03 Dec, 2019 12:00am

Business & Economy

MoI&P to brief Cabinet about CCP, USC today

Ministry of Industries and Production is all set to give briefing to federal cabinet on Tuesday (today) about Competition Commission of Pakistan (CCP) and Utility Stores Corporation (USC).

Published 03 Dec, 2019 12:00am

Business & Economy

Mansehra airport project denotified, NA body told

Pakistan Civil Aviation Authority has told the sub-committee of the National Assembly Standing Committee on Planning, Development and Reform that Mansehra Airport project is not commercially viable and the government has de-notified it.

Published 03 Dec, 2019 12:00am

IT & Computers

President speaks about advantages of digital technology

President Arif Alvi has stated that digital technology can help benefit the country in various sectors, especially by empowering the women in social sector and imparting education through quality learning from distance.

Published 03 Dec, 2019 12:00am

Fighting organised crimes govt's main task: PM

Prime Minister Imran Khan Monday reiterated that fighting organized crime including corruption, cyber crime, economic crime, immigration related crimes, money laundering and across the board accountability was the main plank of PTI's Government agenda.

Published 03 Dec, 2019 12:00am

Joint Japan-India statement: Pakistan rejects unwarranted reference about cross-border terrorism

Pakistan on Monday categorically rejected the 'gratuitous and completely unwarranted' reference given in 'Japan-India Joint Statement' about the alleged "cross-border terrorism" and also conveyed its serious concerns to Tokyo.

Published 03 Dec, 2019 12:00am

Telecommunication

Huawei Middle East ICT Competition 2019: Teams from Pakistan win 2nd & 3rd positions

Teams from Pakistan win second and third positions in the final of Huawei Middle East Information and Communications Technology (ICT) Competition 2019.

Published 03 Dec, 2019 12:00am

IT & Computers

'Microsoft Imagine Cup 2020' launched

Higher Education Commission (HEC) and Microsoft Pakistan on Monday announced the launch of Microsoft Imagine Cup 2020 aimed at empowering students to use their creativity to address real societal problems through technology.

Published 03 Dec, 2019 12:00am

TPL Logistics launches Pakistan's first 'live order tracking'

TPL Logistics' continues to shake things up by introducing technology to ease bottlenecks along the supply chain. In May, TPL Logistics launched Rider, a last mile delivery service focused on e-commerce and online sellers. Equipped with a proprietary digi

Published 03 Dec, 2019 12:00am

Business & Economy

Zameen.com to hold 'Pakistan Property Show' in Dubai

Pakistan's largest real estate portal, Zameen.com, has announced to hold another edition of the "Pakistan Property Show" at the Dubai World Trade Centre on December 6 and 7. This 2019 edition is all set to become the company's third consecutive annual pro

Published 03 Dec, 2019 12:00am

Business & Economy

PIA to be converted into profitable organisation: CEO

President and CEO national flag carrier Pakistan International Airline (PIA), Air Marshal Arshad Malik has said that adequate efforts were being made for tracking the national airline on modern lines on top priority basis.

Published 03 Dec, 2019 12:00am

Sarsabz Canvas Wall pays tribute to farmers

Pakistan's leading fertilizer brand Sarsabz, as part of its Salam Kissan initiative, invited young painters from across Pakistan to pay tribute to Pakistan's marginalised farmers through a two day wall paint activity titled as the "Canvas Wall."

Published 03 Dec, 2019 12:00am

Patwari culture: Punjab has devised digital solution: Buzdar

The Punjab chief minister Sardar Usman Buzdar Monday disclosed that the provincial government has devised the digital solution of patwari culture and the service-level agreement between Punjab Land Record Authority and banks is an important milestone in t

Published 03 Dec, 2019 12:00am

Business & Economy

PIAF rejects meagre cut in petroleum prices

The Pakistan Industrial and Traders Associations Front (PIAF) on Monday rejected a meager cut of just 25 paisa in petrol prices and termed it a cruel joke with trade and industry which is already facing a record high production cost.

Published 03 Dec, 2019 12:00am

Energy

Line losses controlled: Lesco chief

Lahore Electric Supply Company (LESCO) Chief Executive Officer Mujahid Pervaiz Chattha has said that situation of electricity supply and line losses are far better than the past and getting better with every passing day.

Published 03 Dec, 2019 12:00am

Articles

Partly Facetious ite?: Was gold used to manufacture Ferrari?

"Did you know a Schumacher driven Ferrari was sold for just under US$ 6 million!"

Updated 03 Dec, 2019 09:08am

Taxes

Ishrat for effective use of CNIC to detect tax evasion

Advisor to the Prime Minister for Institutional Reforms & Austerity Dr Ishrat Hussain said on Monday that the government will have to automate all business processes, simplify laws, eliminate interaction between tax collector and taxpayers and use CNIC (c

Published 03 Dec, 2019 12:00am

Energy

20 new oil & gas exploration blocks: Petroleum Division planning to hold open bidding by year-end

The Petroleum Division of Energy Ministry is planning to hold open bidding for 20 more new oil and gas exploration blocks by the year-end, aimed at making the country self-sufficient in energy.

Published 03 Dec, 2019 12:00am

Business & Economy

Chairman of Ora Developers meets PM

Naguib Sawiris, Chairman of Ora Developers, during his two-day visit to Pakistan met with Prime Minister Imran Khan. The meeting was attended by Minister for Overseas Pakistanis Zulfiqar Bukari and the top management of Eighteen, says a press release issu

Published 03 Dec, 2019 12:00am

New policy on fisheries prepared: minister

Federal Minister for Maritime Affairs, Ali Haider Zaidi has said a new fisheries policy has been prepared to meet the challenges in this sector.

Published 03 Dec, 2019 12:00am

Taxes

Customs Region (North) collects Rs2,173m in November

The Customs Region (North) of the Federal Board of Revenue (FBR) has collected Rs 2,173 million as Customs duty during November 2019 as compared to Rs 1,876 million collected during November 2018, reflecting an increase of 16 percent.

Published 03 Dec, 2019 12:00am

Brief Recordings

Ismail Industries Limited

Ismail Industries Limited (PSX: ISIL) has been linked with the biscuit industry long before its inception. It came into existence in 1988. Since then it has been expanding into various businesses. It commenced its operations from CandyLand which is the fi

Published 03 Dec, 2019 12:00am

Evacuations, airport closure as Typhoon Kammuri nears Philippines

Typhoon Kammuri barrelled towards the Philippines on Monday, pushing tens of thousands of people into evacuation centres and prompting authorities to order a temporary closure of Manila's international airport as a safety precaution.

Published 03 Dec, 2019 12:00am

IT & Computers

EU to check how Facebook, Google use data: spokeswoman

The European Commission said Monday it had begun a "preliminary investigation" into how Facebook and Google collect personal data and what they do with it.

Published 03 Dec, 2019 12:00am

Trump campaign bars Bloomberg News, alleging 'bias'

President Donald Trump's campaign said Monday it was banning journalists from Bloomberg News from its electoral events, claiming "bias" by the media group owned by presidential rival Michael Bloomberg.

Published 03 Dec, 2019 12:00am

Pompeo says Iran the common villain in Mideast protests

US Secretary of State Mike Pompeo said Monday that Iran was the uniting factor behind protests around the Middle East, saying demonstrators in Iraq, Lebanon and Iran itself opposed the clerical regime.

Published 03 Dec, 2019 12:00am

India gangrape protests mount as schoolgirl killed

Hundreds of Indian protestors took to the streets on Monday as public anger grew over the brutal gang-rape and murder of a female veterinary doctor, with one MP calling for the perpetrators to be "lynched".

Published 03 Dec, 2019 12:00am

Hungary blames Finland for EU enlargement flop

Hungary's foreign minister on Monday attacked Finland, which holds the EU's rotating presidency, for failing to achieve the further enlargement of the bloc with the entry of Western Balkan countries.

Published 03 Dec, 2019 12:00am

Japan to buy $146m island for US military drills

Japan said Monday it had agreed to buy an uninhabited island off its southwest coast for $146 million, eyeing it for US military drills.

Published 03 Dec, 2019 12:00am

Six die, including rescuers, in France's flood-hit south

Three people were swept to their deaths by floodwaters in the south of France and three emergency workers were killed when their helicopter crashed while seeking to rescue victims, officials said Monday.

Published 03 Dec, 2019 12:00am

Thirty killed across Syria as violence rages

Air strikes killed 19 civilians Monday in Syria's last major opposition bastion, the site of the deadliest clashes between regime forces and armed groups since an August ceasefire came into force, a monitoring group said.

Published 03 Dec, 2019 12:00am

Red Cross slams 'unacceptable' politicisation of Venezuela aid

A top Red Cross official decried Monday a dire lack of international funding for humanitarian aid in Venezuela, warning that assistance was being politicised and desperate civilians were paying the price.

Published 03 Dec, 2019 12:00am

Putin signs law to label people foreign agents

Russian President Vladimir Putin on Monday signed legislation allowing individuals to be labelled foreign agents, drawing criticism from rights groups that say the move will further restrict media freedoms in the country.

Published 03 Dec, 2019 12:00am

Choose hope or climate surrender, says UN chief

Confronted with a climate crisis threatening civilisation itself, humanity must choose between hope and surrender, UN chief Antonio Guterres told the opening plenary of a UN climate conference Monday.

Published 03 Dec, 2019 12:00am

Money & Banking

S Africa's rand hits 5-week peak

South Africa's rand powered to a 5-week best as a contraction in the US manufacturing sector boosted bids for risk and emerging markets' currencies and fuelled bets the Federal Reserve would cut lending rates.

Published 03 Dec, 2019 12:00am

Money & Banking

Safe-haven yen hits 6-month low in Asia

The Japanese yen hit a six-month low on Monday as investors cheered an unexpected rebound in Chinese manufacturing, while a tightening British election race knocked the pound.

Published 03 Dec, 2019 12:00am

Money & Banking

Early trade in New York: Dollar slides to two-week low

The dollar fell to two-week lows on Monday after data showed the US manufacturing sector contracted for a fourth straight month in November and construction spending fell unexpectedly, stoking fears the world's largest economy could go into recession.

Published 03 Dec, 2019 12:00am

Money & Banking

Dollar at six-month highs against yen in Europe

The US dollar scaled a six-month high versus the Japanese yen and New Zealand's currency jumped to near four-month peaks on Monday after an unexpected rebound in Chinese manufacturing activity lifted hopes of a brighter outlook for world growth.

Published 03 Dec, 2019 12:00am

Money & Banking

Brazil's real falls to 4.25 per dollar

Brazil's real fell around 0.5% through 4.25 per dollar at the open on Monday, after US President Donald Trump said he will immediately restore tariffs on Brazilian steel and aluminum imports.

Published 03 Dec, 2019 12:00am

Money & Banking

Emerging Asian currencies weaken

Emerging Asian currencies weakened against the dollar on Monday, as uncertainty around an initial Sino-US trade deal offset upbeat economic data from China.

Published 03 Dec, 2019 12:00am

Money & Banking

Sri Lankan rupee slips

Sri Lankan rupee fell 0.22% to 181.25/35 per dollar on Monday, compared to Friday's close of 180.85/181.00, Refinitiv data showed. It is up 0.7% so far this year.

Published 03 Dec, 2019 12:00am

Money & Banking

Sterling falls as probability of hung parliament grows

The pound was sluggish on Monday as polls showed that the Conservative Party was leading albeit with a smaller advantage, increasing the probability that the Dec. 12 UK election will end in a hung parliament.

Published 03 Dec, 2019 12:00am

Money & Banking

Australian, New Zealand dollars get a hand up from China data

The Australian and New Zealand dollars firmed on Monday after surprisingly upbeat Chinese data put the squeeze on short positions, though domestic economic news was more mixed.

Published 03 Dec, 2019 12:00am

Other

Austrian Olympic judo champion found guilty of child sex abuse

An Austrian court on Monday sentenced former Olympic judo champion Peter Seisenbacher to five years in jail after he was found guilty of sexually abusing two girls he coached from the late 1990s to the early 2000s.

Published 03 Dec, 2019 12:00am

Cricket

Root delight as his 226 sets up England final day push

Joe Root could not hide his delight after a masterful 226 ended his run drought and gave England a much-needed boost in the second Test against New Zealand on Monday as they ended day four believing they can square the series.

Published 03 Dec, 2019 12:00am

Other

Two more matches decided in Hamdan Polo Cup

Diamond Paints and Master Paints recorded contrastive triumphs in the Hamdan Polo Cup for Lahore Open Polo Championship 2019 here at Lahore Polo Club ground on Monday.

Published 03 Dec, 2019 12:00am

Cricket

Pakistan rue not being better prepared for Australia conditions

Pakistan captain Azhar Ali said Monday that adapting to conditions more quickly and building partnerships were both crucial if his team hoped to snap a miserable Test record in Australia.

Published 03 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

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