News Archives for Print - 2019-12-07

Print - 2019-12-07

Japan launches human trial of new Ebola vaccine

Japanese scientists will begin the country's first human trial for a new vaccine against the deadly Ebola virus this month, they said Friday.

Published 07 Dec, 2019 12:00am

Three dead in building collapse in Kenyan capital

Three people died Friday and many more were feared trapped after a residential building collapsed in the Kenyan capital Nairobi, sparking a panicked search for survivors beneath the rubble.

Published 07 Dec, 2019 12:00am

Team of allied parties from Sindh meets PM

Prime Minister Imran Khan Friday said the progress and prosperity of the people of Sindh was amongst top priorities of the government and all possible steps would be taken in that regard.

Published 07 Dec, 2019 12:00am

£190 million to be spent on social welfare, govt tells SC

Special Assistant to Prime Minister on Accountab-ility Shahzad Akbar Friday said that £190 million, which has been received due to a settlement reached between real estate tycoon's family and the United Kingdom's National Crime Agency (NCA), will be used

Published 07 Dec, 2019 12:00am

Government debt stocks exceed Rs 32 trillion mark in October

The federal government's total debt (domestic and external) stocks continue to surge crossing Rs 32 trillion mark in October 2019, mainly due to high fiscal imbalance.

Published 07 Dec, 2019 12:00am

$1 billion approved by ADB for budget support

The Asian Development Bank (ADB) has approved $1.3 billion for Pakistan including $1 billion emergency budget support to shore up the country's public finances and $300 million to address financial sustainability, governance and energy infrastructure poli

Published 07 Dec, 2019 12:00am

Stocks

PSX stays bullish: BRIndex100 takes a dip

Pakistan Stock Exchange Friday witnessed a mixed trend.

Published 07 Dec, 2019 12:00am

Maldives seeks 'diplomatic' solution to China debt issue

The Maldives is seeking a "diplomatic" solution to restructure its Chinese debt as the small but strategically located atoll nation struggles with repayments, the foreign ministry has said.

Published 07 Dec, 2019 12:00am

11-paisa/unit increase in tariff of Discos notified

Power Division has notified 11 paisa per unit increase in tariff of power Distribution Companies (Discos) on account of periodic adjustments for 1st quarter of FY 2019-20 as determined and recommended by National Electricity Power Regulatory Authority (NE

Published 07 Dec, 2019 12:00am

Saudi, Russia push through deeper new oil cuts

Saudi Arabia and Russia spearheaded a deal on Friday in which OPEC and its allies committed to some of the deepest oil output cuts this decade aiming to avert oversupply and support prices.

Published 07 Dec, 2019 12:00am

SHC allows sugar transit to Afghanistan

Sindh High Court (SHC) Friday allowed the safe transit of 262 containers of sugar, detained at port on the pretext of being unfit for human consumption, to Afghanistan in accordance with the relevant laws.

Published 07 Dec, 2019 12:00am

Kamyab Jawan Programme: PM distributes cheques to create new jobs

Prime Minister Imran Khan on Friday distributed cheques among successful applicants of 'Kamyab Jawan Program' and stated that the government's priority is to facilitate small and medium businesses for job creation.

Published 07 Dec, 2019 12:00am

Former Justice Altaf Ibrahim takes oath as acting CEC

Former Justice Altaf Ibrahim Qureshi, a sitting member of the Election Commission of Pakistan (ECP), on Friday took oath as acting chief election commissioner following the retirement of his predecessor former Justice Sardar Muhammad Raza a day earlier, b

Published 07 Dec, 2019 12:00am

China imposes reciprocal restrictions on US diplomats

China on Friday said it had taken "reciprocal" measures against US diplomats in the country, ordering them to notify the foreign ministry before meeting with local officials. Foreign ministry spokeswoman Hua Chunying said China had notified the US embassy

Published 07 Dec, 2019 12:00am

PM highlights importance of media

Prime Minister Imran Khan on Friday said that his government believed in freedom of press.

Published 07 Dec, 2019 12:00am

Textile exporters perturbed by partial payment of refunds

Textile exporters have expressed concern over deferment of some payment against sales tax refund claims under the Fully Automated Sales Tax e-Refund System (FASTER) without providing any substantive reason.

Published 07 Dec, 2019 12:00am

TV umpire to call no-balls in cricket first

Cricket is to trial using a TV umpire instead of the on-field official to call no-balls in the series between India and West Indies, following a rash of mistakes.

Published 07 Dec, 2019 12:00am

Past Nazi crimes part of our identity: Merkel

Angela Merkel visited the former Auschwitz Nazi death camp on Friday for the first time as chancellor and said admitting Nazi crimes was a key part of Germany's identity that could combat growing anti-Semitism.

Published 07 Dec, 2019 12:00am

Tax Year 2019: FBR receives 1.7m returns till 6th

Federal Board of Revenue (FBR) has so far received 1.7 million income tax returns (till December 6) for Tax Year 2019 as compared to 1.2 million returns during the same period of the Tax Tear 2018, reflecting an increase of 0.5 million returns.

Published 07 Dec, 2019 12:00am

Edhi Foundation: Sindh CM seeks release of Rs 180 million refunds

The Federal Board of Revenue (FBR) has been withholding tax refunds of world's largest ambulance service and social welfare icon 'Abdul Sattar Edhi Foundation' (ASEF) since FY 2016-17, creating difficulties for ASEF to continue welfare works.

Published 07 Dec, 2019 12:00am

Info under income tax law: Banks withdraw petitions from SHC

Banks have withdrawn their petitions from Sindh High Court (SHC) on the issue of providing information under Sections 165 and 165A (furnishing of information by banks) of the Income Tax Ordinance 2001 after settlement of issues with the Federal Board of R

Published 07 Dec, 2019 12:00am

Post-arrest bail to Maryam: NAB challenges LHC verdict

National Accountability Bureau (NAB) has challenged the Lahore High Court (LHC) verdict to grant post-arrest bail to Pakistan Muslim League-Nawaz Vice-President Maryam Nawaz in Chaudhry Sugar Mills Limited (CSML) case.

Published 07 Dec, 2019 12:00am

Letters

Pakistan Railways

This is apropos a Business Recorder op-ed "A regulatory framework for Pakistan Railways - I" carried by the newspaper yesterday. The writer, Dr Omer Javed, has articulated a highly professional or technical perspective with a view to bringing about

Published 07 Dec, 2019 12:00am

Articles

Major US, global cities slowing amid worldwide slump

The blockbuster growth in the world's major cities in recent years will slow sharply in 2020 and 2021 as the global trade slowdown takes its toll, according to new research.

Published 07 Dec, 2019 12:00am

Articles

Neo

Imaginative, eye catching, column titles are good for business; but seriously those of you expecting a discussion on the Matrix trilogy, come on give me a break, this is a business publication!

Published 07 Dec, 2019 12:00am

Articles

Arbitration challenge

How does Pakistan perform in international courts of justice? The answer is: it doesn't perform well. At least two cases strongly reflect successive Pakistani governments' approach to global litigation.

Published 07 Dec, 2019 12:00am

In-house change

Former chief minister Punjab Shahbaz Sharif, who is in London these days looking after his ill brother Nawaz Sharif, held a press conference on December 4, 2019 in which he backed the idea of an 'in-house change' to remove Prime Minister (PM) Imran Khan.

Updated 07 Dec, 2019 06:38am

Ease of doing business

During the inaugural session of the 22nd Sustainable Development Conference co-hosted by the Sustainable Development Policy Institute and the World Bank, Dr Ishrat Husain, Advisor to the Prime Minister for Institutional Reforms and Austerity, stated that

Updated 07 Dec, 2019 06:40am

Arrest of four women: Minister assures Mengal of resolving case in 2 days

Interior Minister Ijaz Shah Friday assured Balochistan National Party-Mengal (BNP-M) President Sardar Akhtar Mengal that the issue of arrest of four women from Awaran district of Balochistan will be resolved within two days.

Published 07 Dec, 2019 12:00am

Qureshi hails US's decision of resuming talks with Taliban

Foreign Minister Shah Mahmood Qureshi on Friday welcomed the Untied States' decision of resumption of the stalled peace process with the Taliban and assured Pakistan's reconciliatory role for peace in the war-torn Afghanistan.

Published 07 Dec, 2019 12:00am

Hassan Syed appointed adviser to S&T minister

Federal Minister for Science and Technology, Fawad Chaudhry has appointed Hassan Syed, innovation and emerging technologies expert, as advisor to the minister.

Published 07 Dec, 2019 12:00am

Naya Pakistan Housing Programme: Nadra receives 1.918 million applications

The National Database & Registration Authority (NADRA) has received 1.918 million applications for houses under the Naya Pakistan Housing Programme.

Published 07 Dec, 2019 12:00am

Fake accounts case: AC issues ex-SBCA chief's warrant of arrest

The Accountability Court hearing the multibillion rupees fake bank accounts case on Friday issued arrest warrant of Manzoor Qadir alias Kaka, former executive director of Sindh Building Control Authority and a close aide to former president Asif Ali Zarda

Published 07 Dec, 2019 12:00am

IHC summons CDA chairman on December 13

The Islamabad High Court (IHC) on Friday summoned chairman Capital Development Authority (CDA) on December 13 in a case related to allowing a private housing society, allegedly of senior leader of Pakistan Tehreek-e-Insaf (PTI) Aleem Khan, to use a piece

Published 07 Dec, 2019 12:00am

Youth-led projects showcased at student leaders moot

Over 2100 students of 12 universities of Punjab and Khyber Pakhtunkhwa including universities from Bannu, Karak, Lakki Marwat, Swat, Malakand, DI Khan, Sargodha, Gujranwala, Lahore, directly benefited from 60 youth-led social action projects, organized by

Published 07 Dec, 2019 12:00am

'Shaheen Squads' formed to curb street crimes in Islamabad

Islamabad Police have constituted 'Shaheen Squads' to curb street crime in the city and ensure protection to the lives and property of the citizens.

Published 07 Dec, 2019 12:00am

Lack of quorum results in NA session's adjournment

The National Assembly session was adjourned on Friday after short proceedings due to lack of quorum as the opposition staged a walkout from the House in protest for not allowing it to speak on the issue of production orders of its imprisoned members.

Published 07 Dec, 2019 12:00am

Procurement of bulldozers: TIP sends Punjab government's alleged scam to NAB

Transparency International Pakistan (TIP) has sent bulldozers procurement alleged scam of Punjab government in 2019 to the National Accountability Bureau (NAB).

Published 07 Dec, 2019 12:00am

PKMA attributes rising smuggling to huge taxation

Chairman of Pakistan Kiryana Merchants Association (PKMA), Haji Nadeem-ur-Rehman has expressed concern over negative impact of regulatory duties and huge taxation which has led to a huge increase in smuggling and causing heavy financial losses for the imp

Published 07 Dec, 2019 12:00am

Energy

Sindh to have first-ever '400MW Solar Power Park' at Jamshoro

Sindh government is going to set up the first ever '400 MW Solar Power Park' in District Jamshoro under its World Bank supported 'Sindh Solar Energy Project (SSEP), through auctions.

Published 07 Dec, 2019 12:00am

Condolence

Hameed Haroon, President of the All Pakistan Newspapers Society has expressed profound grief on behalf of APNS office-bearers and members of the Executive Committee over the sad demise of mother of Sarmad Ali, Secretary General, APNS.

Published 07 Dec, 2019 12:00am

Speakers for target-based drug discovery approach

The 4th International Conference on "Challenges in Drug Discovery & Therapeutics" themed as "Improving Quality of Life" begins at Ziauddin University on Friday.

Published 07 Dec, 2019 12:00am

Business & Economy

South Asia Business Council meeting to be held in Sri Lanka

South Asia Business Council Meeting is scheduled to be held in Negombo, Sri Lanka. SAARC Chamber of Commerce & Industry as a collaborative partner to China-South Asia Business Forum (CSABF), with China Council for Promotion of International Trade (CCPIT-Y

Published 07 Dec, 2019 12:00am

Business & Economy

Envoy-designate says...: Promotion of direct trade with Muscat high priority

Pakistan's Ambassador-designate to Muscat K K Ahsan Wagan said it will be his top priority to promote direct trade and commercial relations between Pakistan and Muscat as it has been observed that most of the Pakistani products were usually landing in the

Published 07 Dec, 2019 12:00am

PU announces result of Senate's polls

Punjab University has announced result of Senate's elections on the six seats of principals of affiliated colleges and five seats of registered graduates.

Published 07 Dec, 2019 12:00am

Cricket

PSL 2020: Tetra Pak becomes official partner of Islamabad United team

Tetra Pak Pakistan is partnering with Islamabad United Team as its official nutrition partner in the upcoming Pakistan Super League (PSL) due to take place in 2020. The signing ceremony for the partnership took place at the Tetra Pak Head Office here on F

Published 07 Dec, 2019 12:00am

Business & Economy

SCCI chief to contest for FPCCI's top slot

The President Sialkot Chamber of Commerce and Industry (SCCI) Muhammad Ashraf Malik has said that Dr. Nouman Idris Butt is fit for representing the Export Based Industry of Sialkot in the most enlightened manner and his nomination would serve the purpose

Published 07 Dec, 2019 12:00am

Telecommunication

Telenor Microfinance Bank receives $70m from Ant Financial

Telenor Microfinance Bank ("TMB"), a subsidiary of Telenor Group, has received a second trenched investment of US$70 million as part of a strategic partnership agreement between Telenor Group and Ant Financial Services Group ("Ant Financial"), to further

Published 07 Dec, 2019 12:00am

Business & Economy

Inflation reaches to 12.7 percent in November: 'need underscored for reducing cost of doing business

The Businessmen Panel (BMP) of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has stressed the need for reducing cost of doing business, besides evolving a new price control mechanism, as huge taxation, rising oil prices and constant

Published 07 Dec, 2019 12:00am

Police directed to increase patrolling around LHC

Newly-appointed Deputy Inspector General of Police (Operations) Rai Babar Saeed has directed the Dolphin Squad and Police Response Unit (PRU) teams to increase patrolling around the premises of the Lahore High Court (LHC) so that security of visitors coul

Published 07 Dec, 2019 12:00am

LHC sets aside death penalty of man who killed daughter

The Lahore High Court (LHC) on Friday set aside death penalty of a man who had killed his daughter for not making round bread. A sessions' court had awarded death sentence to Khalid Mahmood and also imposed a fine of rupees five lac. Khalid Mahmood had al

Published 07 Dec, 2019 12:00am

Opposition's dream of in-house change will never come true: Sarwar

Punjab Governor Chaudhry Mohammad Sarwar has said that opposition's dream of in-house change will remain mere a dream. "Opposition should show patience and wait for next general election till year 2023. For the first time in Pakistan, supremacy of the law

Published 07 Dec, 2019 12:00am

Price hike: PML-N to hold protest tomorrow

Expressing concern over rising inflation, Pakistan Muslim League-Nawaz (PML-N) has announced to hold countrywide protest on December 8 (Sunday) against escalating price hike.

Published 07 Dec, 2019 12:00am

Energy

Power supply to industry: Nepra chief assures affordable price

Chairman National Electric Power Regulatory Authority (NEPRA) Tauseef H Farooqi has assured power supply to the industry on affordable price.

Published 07 Dec, 2019 12:00am

Taxes

Customs seizes drugs, non-customs paid vehicles worth Rs 228.3 million in November

Directorate of Customs Intelligence and Investigation Peshawar has seized drugs, illegal stuffs, non-customs paid vehicles worth Rs 228.3 million during the month of November 2019, according to a monthly report released here on Friday.

Published 07 Dec, 2019 12:00am

Business & Economy

Trial run of Orange Line Metro Train's planned for December 10

While the physical infrastructure of 'Lahore Orange Line Metro Train' has been completed, the electrical trial run of the train on its whole route would be held on Tuesday (December 10).

Published 07 Dec, 2019 12:00am

Business & Economy

FCCI chief for declaring industrial units' closure 'national crime'

Closure of industrial units must be declared a "National Crime" as it is tantamount to retard national growth in addition to further intensifying unemployment within the country, said Rana Sikandar-e-Azam Khan President Faisalabad Chamber of Commerce & In

Published 07 Dec, 2019 12:00am

Farmers asked to remove weeds from standing crops

The Met Office has asked the farmers to step up efforts to remove weeds from the standing crops to help scale up production, besides urging them for planning irrigation plans. It said that the weeds removal is 'very important' since they utilise moisture

Published 07 Dec, 2019 12:00am

Ishrat for quality education, research to benefit society

Adviser to Prime Minister on Institutional Reforms and Austerity, Dr Ishrat Hussain has stressed the need for quality education and research to benefit society.

Published 07 Dec, 2019 12:00am

Student unions need of the hour: Saeed Ghani

Sindh Minister for Information, Archives and Labor Saeed Ghani while addressing as chief guest at the swearing-in ceremony of the newly-elected members of Student Council at Sindh Madressahtul Islam University on Friday said that the concept of student co

Published 07 Dec, 2019 12:00am

Parliament lodges: Senate subcommittee expresses displeasure

A subcommittee of the Senate House Committee on Friday expressed its displeasure over delay in completion of family suites for the parliamentarians at the Parliament Lodges.

Published 07 Dec, 2019 12:00am

PharmEvo bags global award for anaemia breakthrough

A locally-invented iron supplement by a Pakistani pharmaceutical firm has clinched an international award at the 6th Annual Global Generics and Biosimilars 2019 ceremony in Frankfurt, Germany after it was declared as the best intervention to overcome iron

Published 07 Dec, 2019 12:00am

PM's Clean and Green Pakistan Initiative: PepsiCo to provide safe water to 140,000 people by 2021

Under the Clean and Green Pakistan Initiative launched by Prime Minister Imran Khan, PepsiCo is working to provide safe water to 140,000 people in the country by 2021 and a rehabilitated water filtration facility has been inaugurated on Friday.

Published 07 Dec, 2019 12:00am

Taxes

Documented tobacco sector: 'FBR will collect over Rs 200 billion in next three years'

Federal Board of Revenue (FBR) Member Inland Revenue (Policy) Dr Hamid Ateeq Sarwar has said that the FBR has estimated to collect over Rs 200 billion from documented tobacco sector in the next three years and FBR's tax policy would recommend only single

Published 07 Dec, 2019 12:00am

Sindh CM urged to introduce Sehat Insaf Sahulat Card

CSR Activist for Thalassemia Eradication from Pakistan, Ateeq Ur Rehman has urged Sindh Chief Minister Murad Ali Shah to introduce "Sehat Insaf Sahulat Card" on urgent basis for special persons and Thalassemia patients.

Published 07 Dec, 2019 12:00am

Articles

Partly Facetious: Why UK's NCA involved in plea bargain?

"I don't understand the logic."

Updated 10 Dec, 2019 04:36am

French government sticks by pension reform as strike bites

The French government on Friday expressed determination to plough ahead with far-reaching pension reforms in the face of the biggest strikes in years, which have brought public transport in much of the country to a standstill.

Published 07 Dec, 2019 12:00am

At least 7,000 reportedly held in Iran protests: UN

The United Nations said Friday that at least 7,000 people have "reportedly" been arrested in Iran since mass demonstrations erupted last month, and called for the immediate release of those arbitrarily detained.

Published 07 Dec, 2019 12:00am

'Mega fire' forms north of Sydney

Several Australian bushfires have combined to form a "mega fire" that is burning out of control across a swathe of land north of Sydney, authorities said Friday, warning they cannot contain the blaze.

Published 07 Dec, 2019 12:00am

US slaps sanctions on Iran-linked Iraqis over protest abuses

The United States on Friday announced sanctions on three Iranian-linked Iraqi militia leaders for allegedly assisting the crackdown on demonstrations that have swept the country.

Published 07 Dec, 2019 12:00am

Kyrgyzstan sentences former PMs to prison over China-linked graft

Two former prime ministers in Central Asian Kyrgyzstan were sentenced to long jail terms on corruption charges Friday in a trial that roiled the national elite and fuelled suspicion toward China.

Published 07 Dec, 2019 12:00am

Russia hands anti-Putin blogger surprise suspended sentence

Russia on Friday handed an unusually lenient three-year suspended sentence to a student convicted of making calls for extremism on a video blog condemning President Vladimir Putin.

Published 07 Dec, 2019 12:00am

'Don't trust Putin', Ukraine ex-leader warns ahead of talks

Ukraine's former president Petro Poroshenko on Friday warned his successor to never trust anything Russia's Vladimir Putin says and avoid meeting him one-on-one, three days before crunch talks in Paris.

Published 07 Dec, 2019 12:00am

Uber reveals thousands of reported sexual assaults in US

Ridesharing leader Uber, under fire around the world for its safety record, said it had tallied nearly 6,000 sexual assaults in the United States over the past couple of years.

Published 07 Dec, 2019 12:00am

Saudi shooter kills three in US navy base attack

A Saudi military trainee opened fire on Friday at a US naval base, killing three people before being shot dead by police, local media and officials said.

Published 07 Dec, 2019 12:00am

Top Iraq cleric says no role in talks on new PM as protests persist

Iraq's top Shia cleric said Friday he was not taking part in talks on the country's new premier, as his supporters joined apprehensive youths still protesting in the capital despite widening intimidation campaigns.

Published 07 Dec, 2019 12:00am

Australia's repeal of refugee 'Medevac' law 'inhumane': UN

Australia's decision to repeal a law allowing ill asylum-seekers in Papua New Guinea and on Nauru to travel to the country for medical treatment was "cruel, inhumane and unnecessary," the United Nations said Friday. The so-called "Medevac" law was passed

Published 07 Dec, 2019 12:00am

Money & Banking

Sri Lankan rupee gains

Sri Lankan rupee rose 0.17% to 181.10/30 per dollar on Friday, compared to Thursday's close of 181.40/50, Refinitiv data showed. It is up 0.8% so far this year. Foreign investors were sellers on Friday in the equity market for the 27th session out of last

Published 07 Dec, 2019 12:00am

Money & Banking

Dollar drifts down in Asian trade

The dollar headed for its worst week since October on Friday, dragged down by nervousness on trade and hints of weakness in the US economy, with domestic factors leaving the resurgent kiwi and British pound the main beneficiaries.

Published 07 Dec, 2019 12:00am

Money & Banking

Euro steadies in Europe

The euro was steady on Friday against the dollar, which was headed for its worst week since mid-October by concern over US-China trade relations and hints of weakness in the US economy. New Zealand's kiwi rebounded amid renewed risk appetite and encouragi

Published 07 Dec, 2019 12:00am

Money & Banking

Dollar slides on recent round of weak US data

The dollar dropped for a fifth straight session on Thursday, pressured by softer-than-expected US economic data and this week's robust performance by the euro and the British pound. The Federal Reserve, at its last monetary policy meeting, said it was on

Published 07 Dec, 2019 12:00am

Money & Banking

South Africa's rand barely changed

South Africa's rand was barely changed in late trade on Friday, with fresh optimism over Sino-US trade talks helping the currency to weather stronger employment numbers from the United States. At 1530 GMT, the rand edged 0.07% firmer at 14.6400, improving

Published 07 Dec, 2019 12:00am

Money & Banking

Asian currencies stuck in limbo

Most emerging Asian currencies held tight ranges on Friday after a week of back-and-forth headlines on trade, which kept investors firmly on the sidelines. Investors held big bets in check pending firmer signs on whether Washington and Beijing could reach

Published 07 Dec, 2019 12:00am

Money & Banking

Switzerland to issue bonds worth $2.51 billion in 2020

The Swiss Federal Finance Administration (FFA) plans to issue bonds with a face value of 2.5 billion Swiss francs ($2.51 billion) in 2020, up from around 2 billion this year.

Published 07 Dec, 2019 12:00am

Money & Banking

Sterling set for biggest weekly rise in nearly 2 months

Sterling fell on Friday, consolidating after three days of gains that took the pound to 2-1/2-year high versus the euro and a seven-month high against the dollar on expectations that the Conservative Party will win next week's British election. The pound

Published 07 Dec, 2019 12:00am

Money & Banking

High flying kiwi dollar leaves Aussie in the dust

The New Zealand dollar was perched near four-month peaks on Friday having out flown all competitors this week as a run of upbeat economic data and a favourable ruling on bank capital gave it a major lift on its Australian peer.

Published 07 Dec, 2019 12:00am

Football

Pele's last Brazil jersey sells for 30,000 euros

The jersey worn by Brazilian football legend Pele during his final match for the five-time world champions has sold for 30,000 euros ($33,000) in an auction in Italy.

Published 07 Dec, 2019 12:00am

Football

Leisure Leagues-Happy Homes School football league begins

Leisure Leagues has collaborated with Happy Homes School and is organizing Leisure Leagues â€" Happy Home six-a-side football league at the schoolâ€(tm)s Society Campus.

Published 07 Dec, 2019 12:00am

Cricket

Pakistan squad for U-19 Cricket World Cup 2020 announced

The Pakistan Cricket Board (PCB) has announced the 15-member squad for the International Cricket Council (ICC) Under-19 Cricket World Cup 2020, set to take place in South Africa from January 17 to February 9, 2020.

Published 07 Dec, 2019 12:00am

Football

Man Utd tie-up with China online giant Alibaba

Manchester United on Friday announced a partnership with China's technology giant Alibaba Group, boosting the club's engagement with its Chinese fanbase.

Published 07 Dec, 2019 12:00am

Cricket

Warner should have had chance to go for 400, says Lara

West Indies great Brian Lara said Friday that Australia should have let opener David Warner go for his record score of 400 in recent Test against Pakistan.

Published 07 Dec, 2019 12:00am

Cricket

Ali Zia quits PCB's Senior GM job

Ali Zia has stepped down from his position as Pakistan Cricket Board (PCB)'s Senior General Manager - Academies with immediate effect.

Published 07 Dec, 2019 12:00am

Cricket

PCB fixes ticket prices at Rs 50

The Pakistan Cricket Board (PCB) Friday announced ticket prices and sale details for the Osaka Batteries Cup Pakistan against Sri Lanka Test Series 2019.

Published 07 Dec, 2019 12:00am

Cricket

Azhar hopeful of better show in important Sri Lanka series

Test skipper Azhar Ali Friday said that now their all the focus will be on the upcoming Test series against Sri Lanka.

Published 07 Dec, 2019 12:00am

Cricket

Leading sponsor drops Cricket South Africa over controversies

The pressure on South African cricket's leading administrators increased on Friday when a major sponsor announced it would not renew its agreement with Cricket South Africa. A spokesman for Standard Bank, which sponsors the national team, made it clear th

Published 07 Dec, 2019 12:00am

Cricket

Cricket South Africa boss suspended over misconduct allegations

Cricket South Africa (CSA) announced on Friday that chief executive Thabang Moroe had been suspended on allegations of misconduct as the body faces a mounting crisis.

Published 07 Dec, 2019 12:00am

Other

Wozniacki to retire after Australian Open

Former world number one Caroline Wozniacki announced on Friday that she will retire after next month's Australian Open, insisting she "has accomplished everything" she wanted on a tennis court.

Published 07 Dec, 2019 12:00am

Football

Chelsea transfer ban cut by CAS, club free to sign players in Jan

Chelsea are free to sign new players in the January transfer window after a FIFA-imposed ban was reduced on appeal by the Court of Arbitration for Sport (CAS) on Friday.

Published 07 Dec, 2019 12:00am

South Africa faces severe blackouts due to rain

South Africa's ailing state power utility on Friday implemented the highest level of electricity rationing after its coal supply was dampened by rain.

Published 07 Dec, 2019 12:00am

Global Business Economy

US-China trade pact 'still close': White House

A partial trade pact with China remains close at hand, a top White House economic aide said Friday, days before another round of US tariffs is due to take effect.

Published 07 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 29	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 29 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 29 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 29 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 29 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 29 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 29 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 29 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 29 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 29 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 29 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 29 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 29 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 29 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 29 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 29 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 29 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 29 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 29 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

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

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