News Archives for Print - 2019-12-04

Print - 2019-12-04

Iran rejects as 'lies' unrest death tolls given abroad

Iran on Tuesday rejected as "utter lies" unofficial casualty figures given for street violence that erupted last month during demonstrations against a shock decision to hike fuel prices.

Published 04 Dec, 2019 12:00am

Spain MPs sworn in with far-right Vox as third-largest party

Spain's new parliament met for its opening session Tuesday, with the far-right Vox as the third-largest party following a divisive election that failed to resolve years of political deadlock. Just over three weeks after the vote, lawmakers were on Tuesday

Published 04 Dec, 2019 12:00am

23 killed as fire engulfs Sudan factory

Twenty-three people were killed and dozens injured as a fire triggered by an explosion in a gas tanker tore through a factory in the Sudanese capital on Tuesday, officials said. Thick plumes of black smoke billowed into the sky after the blaze broke out a

Published 04 Dec, 2019 12:00am

UK's crime agency reaches £190m settlement with real estate tycoon

The United Kingdom's National Crime Agency (NCA) has reached a settlement of £190 million with property tycoon, NCA announced on Tuesday.

Published 04 Dec, 2019 12:00am

Government, IPPs reach agreement

The Government of Pakistan (GoP) and Independent Power Producers (IPPs) have reportedly reached an agreement to resolve prolonged outstanding issues and litigation at different domestic and international fora, sources close to CEO CPPA-G told Business

Published 04 Dec, 2019 12:00am

Hafeez enumerates achievements

Adviser to the Prime Minister on Finance Dr Abdul Hafeez Shaikh has said that economic indicators have shown significant improvement in last five months and are being acknowledged by international financial institutions.
Published 04 Dec, 2019 12:00am

Stocks
Profit-taking pulls down KSE-100 Index: BRIndex100 snaps winning streak

Investors opted to book profit Tuesday that forced the Pakistan Stock Exchange to close on a negative note.
Published 04 Dec, 2019 12:00am

23 residential properties of Shahbaz, wives, sons: Freezing order issued

After freezing and banning transfer of shares of almost all movable and immovable industrial properties of leader of the Opposition in the National Assembly Shahbaz Sharif and his family, the National Accountability Bureau (NAB) has now frozen all residen
Published 04 Dec, 2019 12:00am

NAB files reference against Khaqan, Miftah

The National Accountability Bureau (NAB) on Tuesday filed a reference against former prime minister Shahid Khaqan Abbasi, former finance minister Miftah Ismail and seven other accused in connection with the liquefied natural gas (LNG) case.
Published 04 Dec, 2019 12:00am

2010s hottest decade in history, UN says as emissions rise again

This decade is set to be the hottest in history, the United Nations said Tuesday in an annual assessment outlining the ways in which climate change is outpacing humanity's ability to adapt to it.
Published 04 Dec, 2019 12:00am

SC judgement revives 'doctrine of necessity': PBC

Pakistan Bar Council (PBC) will analyze and announce its future course of action, if any, once the detailed judgment of the Supreme Court in the case of granting six month extension in tenure to Chief of Army Staff General Qamar Javed Bajwa is announced.
Published 04 Dec, 2019 12:00am

FBR directed to simplify H-Form within a week

Adviser to the Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh Tuesday directed Federal Board of Revenue (FBR) to take input and suggestions from the textile exporters and simplify the H-Form (stock statement) within a week to expedite the pr
Published 04 Dec, 2019 12:00am

SC describes 'surveillance' as an area which requires legislation

Justice Umar Ata Bandial has said that covert surveillance is certainly an area which requires legislation with reference to the protection of fundamental rights of the citizens under Article 14.
Published 04 Dec, 2019 12:00am

US court orders banks to release Trump financial records

A US appeals court ruled Tuesday that two banks must hand over documents about Donald Trump's finances to Congress, in the latest legal blow to the president.
Published 04 Dec, 2019 12:00am

SC maintains Shahbaz's bail

The apex court on Tuesday maintained Pakistan Muslim League-Nawaz President Shehbaz Sharif's bail as the National Accountability Bureau (NAB) withdrew application for its cancellation in the Ashiana Iqbal and the Ramzan Sugar Mills cases.
Published 04 Dec, 2019 12:00am

Bail on medical grounds: IHC admits petitions of Zardari, sister for hearing

The Islamabad High Court (IHC) Tuesday admitted for hearing two separate petitions of former president Asif Ali Zardari and his sister Faryal Talpur seeking bail on medical grounds in the cases filed against them by the National Accountability Bureau (NAB
Published 04 Dec, 2019 12:00am

Letters
'Students' mobilisation'

Business Recorder op-ed writer Rashed Rahman in his article "Students' mobilisation" carried by the newspaper yesterday has given the newspaper readers a broader sense of what actually constitutes the history of student protests in Pakistan. It is
Updated 04 Dec, 2019 05:40am

Articles
White House considered kicking Huawei out of US banking system

The Trump administration considered banning China's Huawei from the US financial system earlier this year as part of a host of policy options to thwart the blacklisted telecoms equipment giant, according to three people familiar with the matter.
Updated 04 Dec, 2019 05:21am

Articles
Pakistan capital market reforms: The road ahead - II

Front-line regulator cost compensation: It should be noted that the primary objective of PSX, i.e., facilitating capital formation in the country, cannot really be achieved unless there is thriving trading activity that allows fair price discovery and suf
Updated 04 Dec, 2019 06:45am

Articles
In the world of knowledge economy

We are almost in the midst of the age of knowledge economy. All around us, especially in our immediate east and up north, it is the knowledge economy that is driving progress and development. In Europe, North America and East Asia knowledge economy is lea
Updated 04 Dec, 2019 06:17am

Tackling gender bias in judiciary

The judicial system is just as biased as the rest of society when it comes to dealing with gender roles, whether in court decisions or women's rise in the profession. Chief Justice Asif Saeed Khosa highlighted these issues in his address to 'Women Judges
Updated 06 Dec, 2019 06:23am

Q1 indicators

The release of the summary of the consolidated federal and provincial budgetary operations 2019-20 for the first quarter (July-September) of the current year by the Finance Division has generated considerable concern amongst independent economists as well
Updated 06 Dec, 2019 06:23am

Stocks
SECP issues revised and elaborative AML/CFT guidelines for NPOs

The Securities and Exchange Commission of Pakistan (SECP) has issued revised and more elaborative Anti Money Laundering and Counter Financial Terrorism (AML/CFT) Guidelines for Non-Profit Organizations (NPOs). The new guidelines explicitly highlights the
Published 04 Dec, 2019 12:00am

All state institutions working independently: Firdous

Special Assistant to Prime Minister on Information and Broadcasting Dr Firdous Ashiq Awan Tuesday said all state institutions were working with absolute autonomy and authority without any influence. "Wrongdoings of Shehbaz Sharif are coming in front of hi
Published 04 Dec, 2019 12:00am

Pilot project of bio-saline agriculture launched in Thar

Hallmarking to implementing novel ideas for sustainable development in Thar, the country's top agriculture research body, Pakistan Agriculture Research Council (PARC) has declared Thar Foundation's Pilot project of Bio-Saline Agriculture in Thar "a great
Published 04 Dec, 2019 12:00am

Ahsan condemns NAB cases against Shahbaz

Secretary General Pakistan Muslim League-Nawaz (PML-N) Ahsan Iqbal has strongly condemned the cases 'motivated by vengeance' against PML-N President Shahbaz Sharif and alleged the PTI government for intentionally escalating tensions with the opposition to
Published 04 Dec, 2019 12:00am

Pakistan fully supports KL summit: FM

Foreign Minister Shah Mehmood Qureshi on Tuesday said Pakistan fully supported the Kuala Lumpur Summit, an initiative of Malaysian Prime Minister Dr Mahathir Mohammad, bringing together five Muslim nations to achieve socio-economic development.
Published 04 Dec, 2019 12:00am

China, Pakistan to conduct month-long joint military exercise

China and Pakistan will hold a month-long joint military exercise to boost cooperation between the two militaries and capability to jointly deal with terrorist threats including those targeting joint projects with China.
Published 04 Dec, 2019 12:00am

Money & Banking
Sales collections: Meezan Bank enters into deal with Dawlance

Meezan Bank Limited has signed a transaction banking agreement with Dawlance Pvt Ltd for automated collections of its sales through Meezan Bank's state-of-the-art, web-based electronic solution. Under the agreement, Meezan Bank will deploy an end-to-end,
Published 04 Dec, 2019 12:00am

Business & Economy
Umar for using technology to tackle economic challenges

Minister for Planning, Development and Reform Asad Umar has described the revenue generation and documentation of economy as massive challenges for the country, saying there is a need to use technology to achieve the ends instead of muscles and might of t
Published 04 Dec, 2019 12:00am

ECP directs PML-N to provide details of overseas donors

The Scrutiny Committee of the Election Commission of Pakistan (ECP) has directed former ruling party Pakistan Muslim League-Nawaz (PML-N) to submit details of funding it received from overseas Pakistanis after the PML-N on Tuesday failed to provide any fi
Published 04 Dec, 2019 12:00am

Business & Economy
SHC reserves verdict in companies' hirings through contractors

The Sindh High Court (SHC) on Tuesday reserved the judgment in a petition against hiring of employees in private companies through contractors.
Published 04 Dec, 2019 12:00am

Business & Economy
ACCA survey highlights challenges faced by SMEs

The research, commissioned by the Association of Chartered Certified Accountants (ACCA), has highlighted that of 932 cross-sector accountants surveyed, fewer than one in three believes there is enough support for small businesses to tackle bribery and cor
Published 04 Dec, 2019 12:00am

CPNE concerned at 'protest' outside Dawn offices

Council of Pakistan Newspapers Editors (CPNE) President Arif Nizami has expressed concern over the 'besiegement' of Dawn newspaper's offices in Islamabad and demanded the government put an end to attacks on media.
Published 04 Dec, 2019 12:00am

Business & Economy
Pakistan hospitality show kicks off

Pakistan's very first exhibition on hospitality embraced world attention on the potential of country's opportunities of hotel and tourism industry. As many as 60 local and foreign companies and their representatives showcased their products and services a
Published 04 Dec, 2019 12:00am

Two students held in girl's abduction case

Police on Tuesday arrested two students in the case involving the abduction of law student Dua Mangi from DHA area in Karachi. Law enforcement officials believe that the case pertaining to Dua's kidnapping may actually be a case of exacting revenge.
Published 04 Dec, 2019 12:00am

Business & Economy
PBIF chief concerned at delay in refunds to export sector

President Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain, has expressed concern that the non-payment of refunds has pushed export sector to the deathbed while energy tariff has also become a matter of concern.
Published 04 Dec, 2019 12:00am

Locusts' attacks destroy crops in Sindh: Raho

Locusts that flew in a swarm into Sindh's agriculture plain and outskirts of the metropolis ravaged crops, Sindh Agriculture Minister, Muhammad Ismail Raho told the Sindh Assembly on Tuesday.
Published 04 Dec, 2019 12:00am

15th Karachi International Book Fair begins tomorrow

As many as 400,000 people are expected to visit the 15th Karachi International Book Fair (KIBF) which is scheduled to be held here at Karachi Expo Center from 5 till 9 December 2019.
Published 04 Dec, 2019 12:00am

Business & Economy
Murad orders appointment of Malir Expressway PD

Sindh Chief Minister Syed Murad Ali Shah on Tuesday directed Chief Secretary to appoint a Project Director for Malir Expressway so that it could be started within next seven months. Chief minister was presiding over a meeting to review the development pro
Published 04 Dec, 2019 12:00am

Rights of orphans and special people: Parliamentary body to be set up for making laws: NA speaker

Speaker National Assembly Asad Qaiser has said that a parliamentary committee would be constituted for preparing draft legislation for welfare, financial support, creating opportunities and protecting the rights of orphans and the disabled in society.
Published 04 Dec, 2019 12:00am

Political system hinders land reforms: Sartaj

Former finance minister Sartaj Aziz on Tuesday said the political system does not allow land reforms and income distribution and this is where skill comes in and education ensures the earnings.
Published 04 Dec, 2019 12:00am

302 awarded degrees at NUST SEECS convocation

The 12th Convocation of NUST School of Electrical Engineering & Computer Science (SEECS) was held at the Jinnah Auditorium of NUST main campus here on Tuesday.
Published 04 Dec, 2019 12:00am

President phones parents of Shaheed Lance Naik Imran

President Dr Arif Alvi on Tuesday phoned father of Lance Naik Mohammad Imran, who had embraced martyrdom during a terrorists' attack in the North Waziristan district on Monday.
Published 04 Dec, 2019 12:00am

Energy
Petroleum products: PD for modifying monthly pricing mechanism

Petroleum Division has proposed to the federal government to modify the monthly pricing mechanism of petroleum products in its draft Pakistan Oil Refining and Marketing Policy 2019.
Published 04 Dec, 2019 12:00am

Bid to smuggle drugs to Punjab foiled

The Customs Intelligence Department here on Tuesday thwarted a bid to smuggle drugs to Punjab during checking on Peshawar Motorway toll plaza. The customs squad opened firing on driver in retaliation, in which he escaped.
Published 04 Dec, 2019 12:00am

50 million people have no access to safe drinking water, seminar told

Speakers at a seminar while stressing the need for water conservation have revealed that almost 50 million people in Pakistan have no access to safe drinking water.
Published 04 Dec, 2019 12:00am

Business & Economy
Efficiency of doctors, hospitals: IPO asks FIA to probe into unauthorised use of research work

Intellectual Property Organization of Pakistan has asked the Federal Investigation Agency (FIA) to investigate the biggest intellectual property right case of the world where a copyrighted medical research work created to measure efficiency of doctors/hos
Published 04 Dec, 2019 12:00am

3-day AdAsia 2019 opens in Lahore

The three-day 31st AdAsia 2019 opened at Alhamra Arts Council on Tuesday. The speakers of the inaugural session deliberated upon the opportunities and challenges of technology and communication in the new world. They said the AdAsia 2019 has turned into a
Published 04 Dec, 2019 12:00am

Conference on water productivity in agriculture held

Speakers at a conference on "Water Productivity in Agriculture - the role of Technology and Private Sector" emphasized the importance of leveraging appropriate technology in achieving more crops per drop and to save water per unit of production.
Published 04 Dec, 2019 12:00am

Energy
'Pepco defeats PM's export-led growth strategy'

Pakistan Electric Power Company (PEPCO) has defeated the export-led growth strategy of Prime Minister Imran Khan by denying the relief in tariff announced by the federal government for the months of Nov 2019 to Feb 2020, said sources.
Published 04 Dec, 2019 12:00am

Cotton & Textile
7.44m cotton bales reach ginneries

Seed cotton (Phutti) equivalent to 7.44 million or 7,447,544 bales reached ginneries across Pakistan till Dec 1, 2019, registering 20.49 per cent shortfall compared to corresponding period of last year.
Published 04 Dec, 2019 12:00am

Non-availability of sugarcane halts cane's crushing

Sugar mills of the central and northern Punjab have reportedly stopped crushing of cane within just a week of crushing season 2019-20 because of non-availability of sugarcane.
Published 04 Dec, 2019 12:00am

CM vows to resolve issues of journalists

A delegation of Lahore Press Club led by its president Arshad Ansari called on Chief Minister Punjab Sardar Usman Buzdar.
Published 04 Dec, 2019 12:00am

PRC Punjab holds 'Advance First Aid Training' for mediamen

Pakistan Red Crescent (PRC) Punjab branch conducted two days 'Advance First Aid Training' for mediamen at a local hotel in which Journalists from electronic and print media all across the province of Punjab participated.
Published 04 Dec, 2019 12:00am

Rs 3.5 billion 'Hum-Qadam Programme' being launched for special people: Buzdar

Punjab Chief Minister Sardar Usman Buzdar on Tuesday disclosed that "Hum-Qadam Programme" is being launched with an amount of Rs 3.5 billion, to help solve the problems being faced by special persons and their families.
Published 04 Dec, 2019 12:00am

Strategy to boost Halal food exports demanded

Lahore Chamber of Commerce and Industry (LCCI) President Irfan Iqbal Sheikh has urged the government to formulate a strategy in collaboration with private sector to lift Halal food exports.
Published 04 Dec, 2019 12:00am

Articles
Partly Facetious : Sheikh has already claimed victory

"This is so very funny."
Updated 04 Dec, 2019 05:15am

KP growers demand raise in sugarcane's support price

Sugarcane growers of Khyber Pakhtunkhwa demanded of the government to increase support price of sugarcane as well as take other necessary steps for resolving grievance of cane growers in the country.
Published 04 Dec, 2019 12:00am

Stocks
FAQs replied by SECP on beneficial ownership

The Securities and Exchange Commission of Pakistan (SECP) has clarified that beneficial ownership (BO) information is necessary to detect and prevent tax evasion, corruption, money laundering, terrorist financing, and other illicit behavior involving one
Published 04 Dec, 2019 12:00am

Brief Recordings
Pakistan State Oil

In the last few years, the oil marketing companies have seen a significant change in their revenue mix, primarily due to shifting stance on furnace oil. Where rising furnace oil volumes have been seen shrinking, retail fuels like diesel and petrol growth
Published 04 Dec, 2019 12:00am

US troop drawdowns in Afghanistan 'not necessarily' tied to Taliban deal: Esper

US Defense Secretary Mark Esper said on Monday that any future troop drawdowns in Afghanistan were "not necessarily" linked to a deal with Taliban insurgents, suggesting some lowering of force levels may happen irrespective of the ongoing peace push.
Published 04 Dec, 2019 12:00am

Finland PM resigns but coalition expected to survive

Finnish Prime Minister Antti Rinne resigned on Tuesday after losing the support of the coalition partner Centre Party, though the governing alliance is expected to stay in power to avoid a snap election.
Published 04 Dec, 2019 12:00am

NASA finds Indian Moon lander with help of amateur space enthusiast

India's Vikram lunar lander, which crashed on its final approach to the Moon's surface in September, has been found thanks in part to the sleuthing efforts of an amateur space enthusiast.
Published 04 Dec, 2019 12:00am

Macron says Turkey 'sometimes works with ISIS proxies'

French President Emmanuel Macron on Tuesday accused Turkish forces of sometimes working with fighters linked to the Islamic State group in its operation in northern Syria.
Published 04 Dec, 2019 12:00am

Trump, Macron and Erdogan clash overshadows NATO summit

US President Donald Trump launched a blistering attack on the French leader's criticism of NATO strategy as "brain dead" on Tuesday, but Emmanuel Macron doubled down and turned his fire on Turkey.
Published 04 Dec, 2019 12:00am

NATO recognises China 'challenges' for first time

NATO is to formally recognise the "challenges" posed by China for the first time, but the alliance chief insisted Tuesday he did not want to make an adversary of Beijing.
Published 04 Dec, 2019 12:00am

Typhoon Kammuri kills two in Philippines, closes Manila airport

Typhoon Kammuri killed at least two people in the Philippines on Tuesday as it tore roofs off houses and forced the international airport in Manila to shut down.
Published 04 Dec, 2019 12:00am

Saudi king invites Qatar emir to Riyadh summit

Saudi King Salman has invited Qatar's emir to a meeting next week of the Gulf regional bloc in Riyadh, Qatari state media said Tuesday, without specifying if Doha had accepted.
Published 04 Dec, 2019 12:00am

Sri Lanka suspends parliament ahead of snap polls

Sri Lanka's new president suspended parliament for a month from Tuesday ahead of snap elections he wants to call in March to consolidate his sweeping victory.
Published 04 Dec, 2019 12:00am

North Korea's Kim opens huge mountain development

North Korean leader Kim Jong Un has opened a flagship construction project close to Mount Paektu, a symbol of the Korean nation and officially the birthplace of his father and predecessor, state media reported Tuesday.
Published 04 Dec, 2019 12:00am

Leaked EU audit shows Czech PM in conflict of interest: report

A leaked European Commission audit has concluded that billionaire Czech Prime Minister Andrej Babis has a conflict of interest as he still controls one of his country's largest companies, a Czech newspaper reported Tuesday.
Published 04 Dec, 2019 12:00am

Indian warship drives away Chinese vessel

India's Navy chief said Tuesday that an unauthorised Chinese vessel had entered its waters in the strategic Indian Ocean Region in September, with media reports suggesting New Delhi deployed a warship to repel the vessel.
Published 04 Dec, 2019 12:00am

Commodities
Ivory Coast cocoa farmers hope for rains, brace for winds

Farmers in Ivory Coast's cocoa-growing regions are hoping for rains as they brace for rising temperatures and dusty winds blowing in from the desert. Ivory Coast, the world's top cocoa producer, has entered the dry season, which runs from November to Marc
Published 04 Dec, 2019 12:00am

PMEX daily trading report

On Monday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 4,230. The traded value of Metals, Energy and COTS/FX was recorded at PKR 5.567 billion and the numbers of lots traded was 8,132.
Published 04 Dec, 2019 12:00am

Commodities
Russian wheat prices up on rising demand

Russian wheat prices recorded a third consecutive weekly rise last week as higher demand from exporters and domestic processors offset rising supply from farmers, selling part of their stockpile before the New Year, analysts said on Monday.
Published 04 Dec, 2019 12:00am

Commodities
CBOT soyabean futures fall on trade worries

Chicago Board of Trade soyabean futures fell for the eighth day in a row on Monday, hitting their lowest since Sept. 11 on concerns about weak exports due to uncertainty over US-China trade negotiations and expectations for a massive crop in Brazil.
Published 04 Dec, 2019 12:00am

Energy
US natural gas futures rise

US natural gas futures rose on Monday from a five-week low last week on forecasts for more heating demand through the middle of December than previously predicted. Front-month gas futures for January delivery on the New York Mercantile Exchange were up 5.
Published 04 Dec, 2019 12:00am

Business & Economy
Activities at Karachi and Port Qasim

The Karachi Port handled 123,208 tonnes of cargo comprising 85,886 tonnes of import cargo and 37,322 tonnes of export cargo including 3,522 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday.
Published 04 Dec, 2019 12:00am

Cotton & Textile
Cotton prices fall on moderate trade

Prices continued gradual decline on the cotton market on Tuesday in the process of moderate trading activity, dealers said. The official spot rate was unchanged at Rs 8900, they added. In ready session, over 11,000 bales of cotton changed hands between Rs
Published 04 Dec, 2019 12:00am

Commodities
Canadian canola futures fall

ICE Canadian canola futures fell on Monday for a third straight session, pressured by a drop in soyaoil and palm oil prices. Selling by Canadian farmers also weighed on the market, which was underpinned by improving crush margins, a trader said.
Published 04 Dec, 2019 12:00am

Commodities
CBOT corn futures slightly higher

Chicago Board of Trade corn futures ended slightly higher on Monday, supported by technical buying and a slow pace of harvest in the United States.
Published 04 Dec, 2019 12:00am

Money & Banking
Dollar on defensive in Asian trade

The dollar traded near a one-week low versus the yen on Tuesday and near the lowest in almost two weeks against the euro, on concern about weak US manufacturing data and signs of new fronts in the US trade war.
Published 04 Dec, 2019 12:00am

Money & Banking
China's offshore yuan tumbles in Europe

China's offshore yuan fell to its weakest since October on Tuesday while the Japanese yen and Swiss franc rallied after US President Donald Trump said a trade deal with China might have to wait until after the 2020 US presidential election.
Published 04 Dec, 2019 12:00am

Money & Banking
Early trade in New York: Yen, Swiss franc advance

The safe-haven yen and Swiss franc rallied against the dollar on Tuesday as risk appetite eased after US President Donald Trump said a trade deal with China might have to wait until after the 2020 US presidential election.
Published 04 Dec, 2019 12:00am

Money & Banking
Dollar skids to two-week low in New York

The dollar dropped to two-week lows on Monday after data showed the US manufacturing sector shrank for a fourth straight month in November and construction spending fell unexpectedly, stoking fears the world's largest economy could slip into recession.
Published 04 Dec, 2019 12:00am

Money & Banking
South African rand slides

South Africa's rand fell sharply on Tuesday after third quarter economic growth showed a surprise contraction, underlying the weak state of the economy and growing risk of credit downgrades.
Published 04 Dec, 2019 12:00am

Money & Banking
Most Asian currencies unchanged

Most Asian currencies were unchanged on Tuesday, as gains against a weaker dollar were offset by concerns about the United States sparking off a trade war with Brazil and Argentina, amid an ongoing dispute with China.
Published 04 Dec, 2019 12:00am

Money & Banking
Sterling at six-week highs

The pound climbed to its highest levels in six weeks on Tuesday against the backdrop of broad-based dollar weakness and after a new poll showed the ruling Conservative Party widening its lead before next week's election.
Published 04 Dec, 2019 12:00am

Money & Banking
Australian, New Zealand dollars hold gains

The Australian and New Zealand dollars held onto hefty gains on Tuesday, after some surprisingly soft US economic news upended their US counterpart and Australia's central bank put rates on hold for the next couple of months.
Published 04 Dec, 2019 12:00am

Football
Messi wins sixth Ballon d'Or as Rapinoe takes women's prize

Lionel Messi won a record sixth men's Ballon d'Or award at a ceremony in Paris on Monday evening, while USA World Cup superstar Megan Rapinoe claimed the women's prize.
Published 04 Dec, 2019 12:00am

Cricket
Pakistan look to learn from Australia drubbing

Bringing two uncapped teenage pace bowlers to Australia, a nation unconquered by the greatest of Pakistan sides, was never going to end well for Azhar Ali's team.
Published 04 Dec, 2019 12:00am

Football
La Liga chief steps down

Javier Tebas has announced that he will stand down as head of the Spanish football league (LFP) in a bid to win a third term as president in new elections.
Published 04 Dec, 2019 12:00am

Other
Three matches decided in Hamdan Polo Cup

AOS Polo Team, Barry's and PBG/S&R won their respective matches in the Hamdan Polo Cup for Lahore Open Polo Championship 2019 here at the Lahore Polo Club ground on Tuesday.
Published 04 Dec, 2019 12:00am

Cricket
PCB not to pay curators after 19th

The Pakistan Cricket Board (PCB) has decided that it will make an additional two-month ex-gratia payment to the curators i.e. until December 19 2019, following which the ground owners themselves will make a decision pertaining to their future employment a
Published 04 Dec, 2019 12:00am

Cricket
Williamson, Taylor hit tons as NZ draw Test, win England series

Centuries from Kane Williamson and Ross Taylor ensured New Zealand drew the rain-hit second Test against England in Hamilton on Tuesday, sealing a 1-0 series win.
Published 04 Dec, 2019 12:00am

Football
UEFA chief accuses British PM Johnson of fuelling racism

UEFA chief Aleksander Ceferin has accused British Prime Minister Boris Johnson of fuelling racism and insists European football's governing body is working hard to tackle the problem plaguing the game.
Published 04 Dec, 2019 12:00am

Telecommunication
Russia makes local apps mandatory on smartphones

Russian President Vladimir Putin has signed a law a requiring all smartphones and computers sold in the country to come pre-installed with Russian software. The legislation, which will take effect in July 2020, is aimed at promoting Russian-made software.
Published 04 Dec, 2019 12:00am

Global Business Economy
Agnelli family to take over Italian newspaper group GEDI

The Elkann-Agnelli family, which owns Britain's The Economist, will become the main shareholder of the publisher GEDI, a group that includes leading Italian dailies La Stampa and La Repubblica, in a deal announced late Monday.
Published 04 Dec, 2019 12:00am

Global Business Economy
Trump warns China trade deal could take years

US President Donald Trump warned Tuesday that efforts to resolve a trade dispute could wait until after next November's US election.
Published 04 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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Today

Yesterday

Past 3 Days

March demand down 7.5pc: Govt mulling options to boost power consumption

NJLI Sarmaya Growth Fund Rates

Net metering power: Govt mulling bringing buyback rates down to Rs11/unit from Rs21

Major shuffle in FBR ahead of budget preparation exercise

FBR notifies transfers of 12 key officers to Admin Pool

Gold price per tola jumps Rs2,500 in Pakistan

WPPs worried about continuous power curtailment

Annual rental value property: Sindh govt given three months to legislate on levy of tax

3.2 magnitude earthquake hits parts of Karachi

Net metering power: Govt mulling bringing buyback rates down to Rs11/unit from Rs21

Prices of petrol, diesel likely to be slashed

PBC floats 5-year ‘exports charter and imports substitution plan’

Pakistan misses wheat production target

Operations: KAPCO reluctant to opt for CTBCM

Annual rental value property: Sindh govt given three months to legislate on levy of tax

Airline revenues: IATA urges Pakistan to allow repatriation of $399mn

Justice Isa says received no complaints of meddling in judicial affairs since becoming CJP

Gold price per tola jumps Rs2,500 in Pakistan

Net metering power: Govt mulling bringing buyback rates down to Rs11/unit from Rs21

Pakistan misses wheat production target

NJLI Sarmaya Growth Fund Rates

Prices of petrol, diesel likely to be slashed

Sazgar Engineering Works Limited

FBR’s POS system: 1,680 Tier-1 retailers told to integrate by May 31st

PBC floats 5-year ‘exports charter and imports substitution plan’

The Organic Meat Company secures another $4mn export contract to UAE firm

Operations: KAPCO reluctant to opt for CTBCM

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

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