News Archives for Print - 2019-12-14

Print - 2019-12-14

FFC secures 1st position amongst Top 25 companies on PSX

Fauji Fertilizer Company (FFC) has maintained its legacy of securing 1st position amongst the Top 25 companies on Pakistan Stock Exchange for the 9th consecutive year since 2010. The award is evaluated based on capital efficiency, profitability, free floa

Published 14 Dec, 2019 12:00am

TY2010-22 period: Tax rate for small companies slashed by 4 percent

The government has stated that tax rate for small companies has been reduced from 25 percent for the Tax Year 2010 to 21 percent for the Tax Year 2022.

Published 14 Dec, 2019 12:00am

Deadly India protests force postponement of Japan summit

India and Japan's leaders cancelled Friday a planned summit due to deadly protests in the northeast triggered by anger over a new law that will potentially grant citizenship to huge numbers of immigrants. Thousands of protestors staged fresh demonstration

Published 14 Dec, 2019 12:00am

'Origin of import circumvention': FBR decides to lodge FIRs

Federal Board of Revenue (FBR) has decided to lodge FIRs and take other actions under the Customs Act against importers involved in mis-declaration of goods of Indian origin through international ports like Dubai, Hong Kong and Singapore.

Published 14 Dec, 2019 12:00am

Stocks

KSE-100 Index rallies: BRIndex100 edges up

Pakistan Stock Exchange Friday closed on a positive note on the back of healthy buying, mainly by local investors and institutions. BRIndex100 gained 48.62 points or 1.15 percent to close at 4,270.92 points. BRIndex100 touched intraday high of 4,291.57 an

Published 14 Dec, 2019 12:00am

Issues faced by media houses, workers: Government decides to constitute PM-led body: Firdous

Special Assistant to Prime Minister on Information & Broadcasting Dr Firdous Ashiq Awan on Friday announced that the government has decided to constitute a committee to overcome challenges that are being faced by media workers.

Published 14 Dec, 2019 12:00am

SCBA rejects allegations against legal fraternity: IHCBA suspends membership of 60 lawyers

The Islamabad High Court Bar Association (IHCBA) on Friday suspended bar membership of 60 lawyers for appearing before the courts despite the strike announced by Pakistan Bar Council (PBC).

Published 14 Dec, 2019 12:00am

Victorious Johnson urges UK to move past Brexit divide

Prime Minister Boris Johnson called on Britons on Friday to put years of bitter divisions over the country's EU membership behind them as he vowed to use his resounding election victory to finally deliver Brexit next month. Johnson's ruling Conservatives

Published 14 Dec, 2019 12:00am

Ministry does brainstorming about STPF 2019-24

The Ministry of Commerce (MoC) has started brainstorming the structure of long-awaited Strategic Trade Policy Framework 2019-24 to be based on ground realities instead of hallucination. For this purpose, Prime Minister's Advisor on Commerce, Industries an

Published 14 Dec, 2019 12:00am

Second-tier PML-N leadership, too, 'involved in corruption': Akbar

Responding to allegations leveled by Pakistan Muslim League-Nawaz (PML-N), Special Assistant to the Prime Minister on Accountability Shahzad Akbar has said that Federal Investigation Agency (FIA) has recovered Rs 7 billion in the past one year while Anti-

Published 14 Dec, 2019 12:00am

NCA repatriated $250 million, NA told

The National Assembly was informed on Friday that National Crime Agency (NCA) of the United Kingdom repatriated $250 million to Pakistan with the help of its Assets Recovery Unit (ARU). Responding to PML-N MNA Marriyum Aurangzeb in the National Assembly d

Published 14 Dec, 2019 12:00am

$6 billion IMF's EFF: Prior actions, performance criteria met: Rice

Pakistan has met all prior actions and performance criteria under the $6 billion Extended Fund Facility (EFF) and the financing assurances needed for the program to go forward are in place, says International Monetary Fund (IMF). Gerry Rice, Director Comm

Published 14 Dec, 2019 12:00am

Farm, energy purchases: US-China trade deal swaps tariff rollbacks

The United States and China cooled their trade war on Friday, announcing a "Phase one" agreement that reduces some US tariffs in exchange for increased Chinese purchases of American farm products and other goods.

Published 14 Dec, 2019 12:00am

Trump at brink of impeachment as US House body approves charges

Democrats in the US House of Representatives on Friday took Republican President Donald Trump to the brink of impeachment when they approved two charges against him over his efforts to pressure Ukraine to investigate Democratic political rival Joe Biden.

Published 14 Dec, 2019 12:00am

IBI deposits down Rs 8 billion in Q3CY19

Deposits of Islamic Banking Industry (IBI) recorded a decline of Rs 8 billion during the third quarter (Jul-Sep) of this calendar year (CY19).

Published 14 Dec, 2019 12:00am

Polio poses threat to economic outlook: PM

Prime Minister Imran Khan launched the last National Polio Eradication Campaign of the ongoing year on Friday by administering polio drops to children of less than five years of age, saying that polio-free Pakistan is critical for economic development and

Published 14 Dec, 2019 12:00am

ECP 'crisis': meeting postponed fourth time

The meeting of the Parliamentary Committee on Appointment of Chief Election Commissioner (CEC) and Members of the Election Commission of Pakistan (ECP) was, once again, postponed on Friday and was rescheduled for the next week, sources said.

Published 14 Dec, 2019 12:00am

14 burnt to death in bus-pickup collision

At least 14 people including women and children were burnt to death when a passenger bus erupted fire after collision with a pickup vehicle carrying fuel on National Highway near Kan Mehtarzai area of Killa Saifullah district on Friday.

Published 14 Dec, 2019 12:00am

SECP Policy Board: NAB initiates inquiry against illegal appointments

The National Accountability Bureau (NAB) on Friday initiated an inquiry against illegal appointments in Securities and Exchange Commission of Pakistan (SECP) Policy Board in violation of rules and regulations and by misusing authority.

Published 14 Dec, 2019 12:00am

Khalilzad holds talks with Qureshi, COAS

The top Untied States negotiator Zalmay Khalilzad Friday held talks with Foreign Minister Shah Mehmood Qureshi and Chief of Army Staff General Qamar Javed Bajwa amid a 'brief pause' after recent resumption of peace process between the US and Taliban follo

Published 14 Dec, 2019 12:00am

US-Taliban talks to take 'brief pause' after airbase attack

The United States announced Thursday a pause in talks with the Taliban after an attack near a US airbase in Afghanistan. "When I met the Talibs today, I expressed outrage about yesterday's attack on Bagram, which recklessly killed two and wounded dozens o

Published 14 Dec, 2019 12:00am

Police yet to arrest Barrister Niazi

Despite the assurance of Special Assistant to Prime Minister on Information Firdous Ashiq Awan that Barrister Hassaan Khan Niazi will be "strictly punished for his wrongdoings", the Punjab police failed to arrest the lawyer during a raid at his house here

Published 14 Dec, 2019 12:00am

Zardari arrives in Karachi

Former president Asif Ali Zardari arrived in city on Friday evening, a day after his release on bail on the orders of the Islamabad High Court (IHC), Aaj News reported. The PPP leader flew to Karachi from Islamabad on a special aircraft and was accompanie

Published 14 Dec, 2019 12:00am

Number of provinces: MQM-P all set to introduce bill to NA

The Muttahida Qaumi Movement-Pakistan (MQM-P) is all set to introduce a bill in the National Assembly for increasing the number of provinces in the country from four to eight.

Published 14 Dec, 2019 12:00am

Letters

The elusive Rs 5.5 trillion tax collection target

'Sanity' seems to have prevailed with the dawning of realization among our policymakers that the Rs 5.5 trillion tax collection target is impossible to achieve. How could the government expect to generate higher tax collection in an economic environment w

Updated 14 Dec, 2019 06:09am

Articles

How Boris Johnson's election gamble paid off

It was a straight forward message: "Get Brexit done." The mantra of British Prime Minister Boris Johnson and his Conservative Party during the national election campaign was aimed at harnessing voter frustration at a parliamentary logjam over Britain's ex

Updated 14 Dec, 2019 08:34am

Articles

Looking good

"Looking goof Billy Ray!" Louis, "Feeling good Louis!" Billy Ray-quotes from one of my favorite comedy movies of yester years, "Trading Places". With a very heavy heart, because of extenuating circumstances, the decision this week was to take a break from

Updated 14 Dec, 2019 07:37am

Articles

Economy on the move

A number of global institutions has described country's current economic progress as satisfactory and encouraging. The Director General Central and West Asia, Asian Development Bank, Werner Liepach, on a visit to Pakistan last week, lauded the steps taken

Updated 14 Dec, 2019 08:04am

Unrepentant lawyers

Easy access to courts of justice and readily available healthcare facilities are two essential ingredients that make one's life good and going. But in the wake of attack on Lahore's Punjab Institute of Cardiology (PIC) on Wednesday and doctors' go-slow st

Updated 14 Dec, 2019 06:53am

Auditor's office must not go outside its purview

Auditor General of Pakistan's (AGP's) report tabled in the National Assembly has highlighted irregularities, losses, malfeasance, etc., of 390 billion rupees during four years (2011-12 to 2015-16) in achievements of Nepra targets by six power distribution

Updated 14 Dec, 2019 06:54am

CEC appointment, two members of ECP: Rahbar Committee calls for early consensus

The Rahbar Committee, a representative body of the opposition political parties, on Friday called for an early consensus on appointment of chief election commissioner (CEC) and two members of the Election Commission of Pakistan (ECP).

Published 14 Dec, 2019 12:00am

Pakistan hits back at India over Citizenship Amendment Bill

Pakistan hit back at Indian External Affairs Ministry spokesperson's comments on Prime Minister Imran Khan's tweet about the discriminatory citizenship bill and asserted that world community should take notice of the violation of minorities' rights in Ind

Published 14 Dec, 2019 12:00am

Bilawal to address rally on December 18

Chairman Pakistan Peoples Party (PPP) Bilawal Bhutto will address a public rally in the city on 18th December, said party sources. They said Bilawal will address party workers at the Railway Ground, Raiwind. All preparations have been finalized for holdin

Published 14 Dec, 2019 12:00am

JI chief demands arrest of IJT leader's killers

Declaring the attack on the students of International Islamic University Islamabad (IIUI) as a pre-planned move, Emir Jamaat-e-Islami (JI) Senator Sirajul Haq Friday urged the government to arrest those involved in the killing of Islami Jamiat Talba (IJT)

Published 14 Dec, 2019 12:00am

CJP advocates importance of judicial staff

In judicial system, the staff is backbone of the courts without them tedious task of dispensation of justice could not be fulfilled, said Chief Justice of Pakistan Asif Saeed Khan Khosa.

Published 14 Dec, 2019 12:00am

Biotechnology vital for future food security: minister

Federal Minister for Science and Technology, Fawad Chaudhry, reinforced the sentiment that the government should establish a legal and regulatory environment that is conducive to investment and transfer of technology.

Published 14 Dec, 2019 12:00am

Telecommunication

Telenor Pakistan becomes country's first network to enable FTTT, 5G ready

Telenor Pakistan has become the country's first network to enable Fiber to the Tower (FTTT), aimed at enhancing customer experience and strengthening its network to achieve optimum readiness for emerging technologies.

Published 14 Dec, 2019 12:00am

Business & Economy

SCCI chief for removal of hurdles in Pak-Afghan trade

President of Sarhad Chamber of Commerce and Industry Engr Maqsood Anwar Pervaiz has stressed the need for removal of hurdles in trade between Pakistan and Afghanistan.

Published 14 Dec, 2019 12:00am

Target set for providing training to 2.5 million youth: minister

Punjab Minister for Industries and Trade Mian Aslam Iqbal has said that the Punjab government has set a target of technical training of 2.5 million male and female youth under the Punjab Growth Strategy 2023.

Published 14 Dec, 2019 12:00am

Opening of Kartarpur corridor: UNGA unanimously adopts Pak-sponsored resolution

The UN General Assembly on Thursday welcomed the inauguration of landmark Kartarpur corridor between Pakistan and India, as the 193-member body adopted a resolution, sponsored by Pakistan and the Philippines, on promoting interreligious and intercultural

Published 14 Dec, 2019 12:00am

KSBL awards MBA degrees to 2019 batch

The Karachi School of Business and Leadership (KSBL) conferred degrees to the batch of MBA 2019 at the 5th Commencement Ceremony, held at the KSBL campus.

Published 14 Dec, 2019 12:00am

Business & Economy

Locust attacks on agricultural land: KCCI chief for effective steps to minimise damages

President Karachi Chamber of Commerce & Industry (KCCI) Agha Shahab Ahmed Khan has stressed that the government will have to take steps to minimize such damages in future with a view to safeguard the agriculture sector.

Published 14 Dec, 2019 12:00am

Taxes

MCC destroys seized goods worth millions of rupees

The Model Customs Collectorate of Appraisement-East Friday held a destruction Ceremony of confiscated goods at Gadap Town, Karachi. Member Customs (Operations), Dr Jawwad Uwais Agha was the chief guest at the ceremony while Madam Surayya Butt, Chief Colle

Published 14 Dec, 2019 12:00am

SCBA chief slams PIC mayhem

Syed Qalb-e-Hassan, President Supreme Court Bar Association (SCBA) on Friday proposed that doctors and lawyers should sit together to avoid further confrontation after the Punjab Institute of Cardiology (PIC)'s unfortunate incident in Lahore.

Published 14 Dec, 2019 12:00am

South Korean diplomat meets Chaudhry Shujaat

Ambassador of South Korea Kwak Sung-Kyu called on Pakistan Muslim League-Q (PML-Q) President Ch Shujaat Hussain and Speaker Punjab Assembly Ch Parvez Elahi at their residence here on Friday and discussed about Pak-Korea relations and matters of mutual int

Published 14 Dec, 2019 12:00am

Sindh Food department signs MoU for procuring 300,000MT of wheat with PASSCO

The Sindh Food Department has signed memorandum of understanding for procurement of 300000 metric ton wheat with Pakistan Agricultural Storage & Services Corporation (PASSCO) at a simple ceremony.

Published 14 Dec, 2019 12:00am

Assets beyond means case: Sindh PA speaker granted bail

Sindh High Court (SHC) Friday granted bail to Agha Siraj Durrani, Speaker Sindh Assembly and ordered him to furnish Rs 1 million surety bonds for the bail in "assets beyond means" case.

Published 14 Dec, 2019 12:00am

IT & Computers

LG introduces gram laptop series

LG Electronics' newest gram laptop computer series - the LG gram 17 (model 17Z90N), LG gram 15 (model 15Z90N), LG gram 14 (model 14Z90N) and 14-inch LG gram 2-in-1 (model 14T90N) - is designed to set a new standard for portable computing and will satisfy

Published 14 Dec, 2019 12:00am

Business & Economy

'Good governance, market-based policies keys to thriving private sector'

Good governance, long-term capacity building, and market-based policies are the keys to a thriving private sector and sustained economic growth. These views were expressed by US Deputy Assistant Secretary of State Ervin Massinga during his discussion with

Published 14 Dec, 2019 12:00am

CM asks ministers to make anti-polio drive successful

The Punjab Chief Minister Sardar Usman Buzdar has assigned duties of the provincial ministers for the success of anti-polio drive being held from December 16 to 20.

Published 14 Dec, 2019 12:00am

Clarification

This clarification is in respect of a news item entitled 'SHC reserves verdict in companies' hirings through contractors' in Business Recorder issue of December 04, 2019.

Published 14 Dec, 2019 12:00am

Punjab Institute of Cardiology mayhem: Lawyers boycott courts across country

The legal fraternity on Friday observed boycott of courts across the country against arrests of lawyers in wake of attack on Punjab Institute of Cardiology (PIC) and demanded judicial inquiry into the incident.

Published 14 Dec, 2019 12:00am

Business & Economy

BMP hails drop in trade deficit

The Businessmen Panel (BMP) of the Federation of Pakistan Chambers of Commerce and Industry Chairman Mian Anjum Nisar has welcomed the significant drop of trade deficit by US$4.8 billion to US$9.7 billion in first five months of this fiscal year against U

Published 14 Dec, 2019 12:00am

PIC suffers loss of Rs 70 million due to lawyers' attack

The Punjab Institute of Cardiology (PIC) has suffered a loss of Rs 70 million due to the attack by a group of lawyers, it has been learnt.

Published 14 Dec, 2019 12:00am

Business & Economy

'35 percent budget allocated to eliminate inter-district disparity in Punjab'

Punjab Finance Minister Makhdoom Hashim Jawan Bakht has disclosed that 35 percent budget has been allocated for eliminating inter-district disparity in the province; "this policy is aimed at ensuring inclusive growth so that all the people could equally b

Published 14 Dec, 2019 12:00am

Nawaz's medical report highlights serious health issues

While Sharif family through their counsel Dr Amjad Pervez has submitted a report in the Lahore High Court about health condition of former premier Nawaz Sharif, doctors treating the PML-N supremo considering his toxicology screening, if no cause or cure i

Published 14 Dec, 2019 12:00am

PAD launches Procurement Management Information System

The Punjab Agriculture Department (PAD) on Friday launched first of its kind Procurement Management Information System (PMIS) for transparent and efficient management of public procurement, leading to good governance and delivering value for taxpayer's mo

Published 14 Dec, 2019 12:00am

Taxes

FBR introduces fiscalization solution for Tier-1 retailers

Federal Board of Revenue (FBR) has introduced fiscalization solution for Tier-1 retailers as envisaged under section 2(43A) of the Sales Tax Act, 1990 in the guise of Point of Sales (POS) integration with FBR's computerized system for submission of sale i

Published 14 Dec, 2019 12:00am

Business & Economy

Pakistan can become hub of world's economic activities: Salman Shah

Adviser to Punjab Chief Minister on Economic Affairs and Planning Dr Salman Shah on Friday said that Pakistan has all resources to become mini factory and a hub of economic activities of the world and the role of Punjab province is crucial in this regard.

Published 14 Dec, 2019 12:00am

Business & Economy

Minister for revival of ship-breaking industry

Federal Minister for Maritime Affairs Ali Zaidi concluded three-day national seminar on the ratification & implementation of the Hong Kong Convention for safe and environmentally sound recycling of ships.

Published 14 Dec, 2019 12:00am

Mayor asks officials to expedite Sports Complex's works

Mayor Karachi Wasim Akhtar on Friday directed the concerned officials of Karachi Metropolitan Corporation (KMC) to expedite remaining development works of the Sports Complex, so that new sports facilities including cricket, hockey ground and badminton and

Published 14 Dec, 2019 12:00am

Clash at IIUI: Police register FIR against students

The city police on Friday registered first information report (FIR) of a clash between two student groups during an event at International Islamic University Islamabad (IIUI) in which one student was killed and several others got injured on Thursday last.

Published 14 Dec, 2019 12:00am

Section 3 of PPC: Proposed amendment's pros and cons discussed

A parliamentary panel on Friday discussed pros and corns of a proposed constitutional amendment in section 3 of the Pakistan Penal Code 1860 (Act XLV of 1860).

Published 14 Dec, 2019 12:00am

Stocks

IT-related services of SECP to be suspended

The IT related services of the Securities and Exchange Commission of Pakistan (SECP) will not be available from Friday to Sunday (December 20-22, 2019). According to a tweet of the SECP on Friday, "All SECP IT services will not be available from Friday (D

Published 14 Dec, 2019 12:00am

Dahri awarded 34-year jail term by ATC

An anti-terrorism court (ATC) on Friday pronounced 34-year jail term to the former adviser to the Sindh government, Ismail Dahri, in three cases related to possession of illegal weapons, explosive material and hand grenade.

Published 14 Dec, 2019 12:00am

First-ever female judge of IHC sworn-in

The first-ever female judge of Islamabad High Court, Lubna Saleem Pervaiz Friday officially sworn in along with other two additional judges. Chief Justice of IHC Athar Minallah administered the oath to Additional Judges Lubna Saleem Pervaiz, Fiaz Anjum Ja

Published 14 Dec, 2019 12:00am

Cotton & Textile

Global leather fairs: 80 percent subsidy for PTA members' participation urged

Chairman Pakistan Tanners Association (PTA), Sheikh Afzal Hussain has urged Advisor to Prime Minister on Commerce & Textile Abdul Razak Dawood to look into the matter for the approval of 80% subsidy for participation of PTA's members in global leather fai

Published 14 Dec, 2019 12:00am

Business & Economy

South Asia's prosperity depends on political leadership: Razak

"South Asia's prosperity depends on the political leadership to focus on long-term development by mitigating distrust and differences at the political level," this was stated by Advisor to Prime Minister on Commerce Abdul Razak Dawood.

Published 14 Dec, 2019 12:00am

Dr Faseeh's widow receives life threats

A septuagenarian widow of Dr Faseeh-Al-Haq Osmani, who was brutally stabbed to death with his son Kamran Osmani at his home in Defence Housing Authority (DHA) on October 9, started receiving life threats from what she claimed culprits involved in this col

Published 14 Dec, 2019 12:00am

Stocks

Rampant mis-selling: SECP slaps Rs 0.4 million penalty on leading insurance company

The Securities and Exchange Commission of Pakistan (SECP) has declared that a leading insurance company has failed to check rampant mis-selling of the insurance products through specified persons/insurance consultants, deputed at bank branches, who promis

Published 14 Dec, 2019 12:00am

Business & Economy

Postal Services 10-year losses stand at Rs 61.48 billion: Senate panel told

The cumulative losses of Postal Services remained Rs 61.48 billion during the last 10 years including Rs 9.135 billion in 2018-19.

Published 14 Dec, 2019 12:00am

PMEX signs agreement with HashMove

Pakistan Mercantile Exchange (PMEX), country's first and only multi-commodity futures exchange, signed an agreement with HashMove on December 12, 2019. Under this agreement, HashMove will provide a digital multimodal logistics platform for PMEX, connectin

Published 14 Dec, 2019 12:00am

Taxes

FBR plans enhancing tax net in KP

Federal Board of Revenue (FBR) has planned the enhancement of tax net in Khyber Pakhtunkhwa and directed its Regional Commissioners for soliciting the support of the business community and media to play active role in boosting up of the national economy.

Published 14 Dec, 2019 12:00am

Energy

Rs 221.7 million tax recovered from OGDCL

In a most questionable manner the Customs Intelligence officials have claimed that they have recovered Rs 221.7 million tax from Oil and Gas Development Company (OGDCL), the largest state-owned larger E&P company and the biggest contributor to the nationa

Published 14 Dec, 2019 12:00am

IT & Computers

Body formed to promote IT sector

The government has constituted a committee on emerging technologies to promote growth in IT sector with President Dr Arif Alvi as its chief patron.

Published 14 Dec, 2019 12:00am

SEPA serves notices to five-star hotels

Sindh Environmental Protection Agency (SEPA) on Friday claimed to have served notices to some twelve hotels and restaurants including five-star hotels situated in district south of the city.

Published 14 Dec, 2019 12:00am

Commercialisation of agriculture biotech high priority: Fawad

Hinting at the revival of the National Biotechnology Commission, Fawad Chaudhry, Federal Minister for Science and Technology Friday said that one of the top priorities of the government is to promote development and commercialization of agriculture biotec

Published 14 Dec, 2019 12:00am

Money & Banking

$406.6 million loan accord signed with World Bank for KPEC project

The government of Pakistan and World Bank on Friday signed loan agreement worth $406.6 million for Khyber Pass Economic Corridor (KPEC) project.

Published 14 Dec, 2019 12:00am

Gold gains Rs 150

Gold gained Rs 150 reaching Rs 84,700 per tola on the local market, traders said Friday. Gold was traded for Rs 72,617 per 10 grams after the yellow metal declined by $4 to $1,472 per ounce on the world market. Silver priced for Rs 980 per tola, Rs 840.20

Published 14 Dec, 2019 12:00am

Articles

Partly Facetious: PM deserves praise

"Imran Khan to my mind has taken three decisions for which he must be praised and would be long remembered."

Updated 14 Dec, 2019 07:03am

Twenty-eight killed in Nigeria road smash

Twenty-eight people were killed in northern Nigeria on Thursday when two vehicles collided and caught fire, the country's Road Safety Commission said.

Published 14 Dec, 2019 12:00am

Malaysian court approves N Korean's extradition to US

A North Korean man is likely to face money-laundering charges in the United States after a Malaysian court approved his extradition Friday, in a case his lawyers claim is politically motivated. Mun Chol Myong has denied FBI claims that he led a criminal g

Published 14 Dec, 2019 12:00am

Top Iraq cleric denounces killing, abduction of protesters

Iraq's top Shia cleric on Friday denounced the murder and abduction of anti-government protesters, calling for weapons to be placed under the control of the state.

Published 14 Dec, 2019 12:00am

Kyrgyzstan unfreezes accounts of critical media outlets

A court in Kyrgyzstan unfroze the accounts of several media outlets on Friday that had been frozen after they published allegations of a nearly $1 billion (900 million euros) embezzlement scheme implicating senior officials, one of the outlets said.

Published 14 Dec, 2019 12:00am

One killed, 11 injured in explosion at German housing block

One person was killed and at least 11 were injured in an explosion Friday at a residential building in the German city of Blankenburg, authorities confirmed on Friday.

Published 14 Dec, 2019 12:00am

Japanese PM's India trip postponed amid violent protests

India said Friday that a visit by Japanese Prime Minister Shinzo Abe had been postponed, after days of violent protests at a northeastern city where a summit with Prime Minister Narendra Modi had been planned.

Published 14 Dec, 2019 12:00am

UN talks struggle to stave off climate chaos

United Nations climate negotiations in Madrid were set to wrap up on Friday with even the best-case outcome likely to fall well short of what science says is needed to avert a future ravaged by global warming.

Published 14 Dec, 2019 12:00am

Ukraine sees 'fair' US support on first visit

Ukraine's deputy prime minister on Friday voiced confidence in "fair" US support on a visit to Washington, which is engulfed by charges that President Donald Trump abused his power with Kiev.

Published 14 Dec, 2019 12:00am

Man shot dead in Paris business district after threatening police

French police on Friday shot and killed a man who threatened officers in Paris's bustling La Defense business district. The man was shot in the chest and a leg, police sources said. He had failed to injure anyone, they said, without specifying the weapon

Published 14 Dec, 2019 12:00am

Fierce winds leave one dead, thousands without power in France

One person has died in southern France and thousands of homes were left without power on Friday after strong winds swept across Atlantic coastal regions, gusting at times to 140 km/h (85 mph), officials said.

Published 14 Dec, 2019 12:00am

UN extends Palestinian refugee mission until 2023

The United Nations extended the work of its Palestinian refugee agency for another three years on Friday, despite fierce opposition from the United States and Israel.

Published 14 Dec, 2019 12:00am

French theatre director quits after rape claim

The director of a French theatre has resigned the day after his staff went on strike urging him to quit over the fallout from a rape allegation.

Published 14 Dec, 2019 12:00am

UNESCO pulls Belgian carnival from heritage list

UNESCO on Friday withdrew an annual carnival in the Belgian city of Aalst from its heritage list over persistent charges of anti-Semitism.

Published 14 Dec, 2019 12:00am

Money & Banking

Pound, yuan soar in Asian trade

The pound hit multi-year highs against peers on Friday after a convincing Conservative Party win in the UK election, which is expected to clear the Brexit political gridlock that has hounded Britain's markets for years.

Published 14 Dec, 2019 12:00am

Money & Banking

Dollar falls in Europe as currency markets go risk-on

The dollar fell 0.6% on Friday, with global risk appetite boosted by the apparent clearing of two clouds that have been hanging over world markets: US-China tariffs due on December 15 and Britain's election.

Published 14 Dec, 2019 12:00am

Money & Banking

Early trade in New York: dollar slips against basket of currencies

The dollar slipped against a basket of currencies on Friday as the announcement of an initial China-US trade deal and an election victory for Britain's Brexit-backing Conservative Party appeared to clear the fog on the global investment horizon, sapping s

Published 14 Dec, 2019 12:00am

Money & Banking

Dollar jumps against safe-haven yen in New York

The dollar jumped to a near two-week high against the safe-haven Japanese yen on Thursday on reports that the United States has reached a deal in principle on trade with China, just days before new US tariffs on Chinese imports were due to be imposed.

Published 14 Dec, 2019 12:00am

Money & Banking

South Africa's rand hands back early gains to end flat

South Africa's rand was flat against the dollar on Friday, struggling for direction after surprise gains in the face of a darkening growth outlook following a week of nationwide power cuts and ongoing uncertainty over US-China trade talks.

Published 14 Dec, 2019 12:00am

Money & Banking

Asian forex: Most Asian currencies cheer reports of trade deal

Most Asian currencies strengthened on Friday, as news of a trade truce between the United States and China helped ease concerns about a slowing global economy.

Published 14 Dec, 2019 12:00am

Money & Banking

Investors slash bets on weaker pound after Johnson's win

Sterling was well supported on Friday as investors rushed to unwind bets on a weaker pound after a resounding election victory for Prime Minister Boris Johnson's Conservative Party.

Published 14 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 28	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 28 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 28 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 28 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 28 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 28 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 28 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 28 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 28 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 28 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 28 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 28 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 28 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 28 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 28 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 28 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 28 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 28 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 28 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 28 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 28 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 28 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 28 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 28 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 28 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 28 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 28 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 28 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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