News Archives for Print - 2019-12-26

Print - 2019-12-26

Russia says UN chief turns blind eye over US visa delays

Russia's Foreign Ministry accused the UN secretary general of turning a blind eye to what Moscow says is U.S. delays in issuing visas for Russian officials seeking to travel to the UN headquarters in New York. Moscow says Washington has deliberately delay

Published 26 Dec, 2019 12:00am

Global Business Economy

Aldar Properties gains prime land in swap deal with Abu Dhabi government

The government of Abu Dhabi and Aldar Properties have agreed on a land swap deal that would help the emirate's biggest property firm gain prime land, Aldar said on Wednesday. The transaction, which will be implemented from December, does not involve any t

Published 26 Dec, 2019 12:00am

Little Christmas cheer as French transport strike enters fourth week

Christmas Day brought no respite for travellers in France as a transport strike entered its fourth week, ruining the plans of thousands wanting to celebrate with loved ones. Many people scrambled at the last minute to make alternative arrangements as the

Published 26 Dec, 2019 12:00am

Spain's coastguard saves 200 migrants on Christmas Day

The Spanish coastguard said it had rescued about 200 migrants on Christmas Day, plucking them from the makeshift boats in the Mediterranean Sea. It said they were saved in a number of separate operations off the coasts of Spain and Morocco, but gave no in

Published 26 Dec, 2019 12:00am

'Friends' theme songwriter dies aged 72

Allee Willis, who wrote the theme song for the hit television show "Friends," has died at age 72, her partner Prudence Fenton announced Wednesday.

Published 26 Dec, 2019 12:00am

Impeachment trial: Republican senator 'disturbed' by McConnell's work with White House

Republican US Senator Lisa Murkowski said she was "disturbed" by the Senate leader's approach to working with White House counsel on the impeachment trial of President Donald Trump, saying there should be distance between the two.

Published 26 Dec, 2019 12:00am

AIDC to take over EV policy as ministry 'lacks' expertise

The Auto Industry Development Committee (AIDC) has reportedly decided to take over Electric Vehicle (EV) Policy as Ministry of Climate Change does not have the requisite expertise, well informed sources told Business Recorder.

Published 26 Dec, 2019 12:00am

Withdrawal of zero rating: Textile industry irked by facts' 'misrepresentation'

The country's textile industry has strongly protested against what it says misrepresentation of facts by the Federal Board of Revenue (FBR) at a recent meeting of National Assembly Standing Committee on Finance, sources close to Prime Minister Advisor on

Published 26 Dec, 2019 12:00am

Facing US trade uncertainty, China seeks closer ties with neighbours

China made overtures on trade to Japan and South Korea and offered support for an infrastructure initiative as it hosted the leaders of its two neighbours this week amid strained ties with the US. Chinese Premier Li Keqiang said Wednesday at a meeting wit

Published 26 Dec, 2019 12:00am

PM likely to meet Sindh CM: governor

Sindh Governor Imran Ismail said on Wednesday that Prime Minister Imran Khan will be visiting Karachi on December 27 and the premier is willing to meet Chief Minister Murad Ali Shah.

Published 26 Dec, 2019 12:00am

Tax-related issues: FBR notifies constitution of market committees

The Federal Board of Revenue (FBR) has notified constitution of market committees in all major cities to resolve tax-related issues between the FBR and traders community. The market committees have been constituted within the jurisdiction of all Regional

Published 26 Dec, 2019 12:00am

Saudi FM due today

The Foreign Minister of Saudi Arabia, His Highness Prince Faisal bin Farhan Al-Saud, will be visiting Islamabad on 26 December 2019. He will hold meeting with Foreign Minister Shah Mahmood Qureshi and call on Prime Minister Imran Khan. This would be his m

Published 26 Dec, 2019 12:00am

Queue system at ports: Ministry plans to award contract to Jordanian firm

The federal maritime affairs ministry is now planning to award a contract to Jordanian company for the development and operation of queue management system to monitor inward and outward cargos movements at ports under the World Bank's financial assistance

Published 26 Dec, 2019 12:00am

Approval of supplementary grants: Ministries, Divisions criticised for lack of proper homework

Cabinet Division has reportedly lashed out at the Ministries/ Divisions for not doing proper homework prior to seeking supplementary or technical supplementary grants from the Economic Coordination Committee (ECC) of the Cabinet, well informed sources in

Published 26 Dec, 2019 12:00am

Pope defends migrants

Pope Francis urged the world to let the light of Christmas pierce the "darkness in human hearts" that leads to religious persecution, social injustice, armed conflicts and fear of migrants. In his "Urbi et Orbi" (to the city and the world) Christmas Day m

Published 26 Dec, 2019 12:00am

COAS pays homage to Quaid

Chief of Army Staff (COAS) General Qamar Javed Bajwa paid homage to Quaid-e-Azam at his Mausoleum on his birthday. "Quaid's vision about creation of Pakistan based on Two Nation theory is an even more acknowledged reality today. We can't thank him enough

Published 26 Dec, 2019 12:00am

Japan lawmaker arrested over alleged casino bribes

A Japanese lawmaker was arrested on suspicion of accepting bribes worth tens of thousands of dollars from a company that wanted to build a casino, Tokyo prosecutors said Wednesday. Tsukasa Akimoto, a former member of Prime Minister Shinzo Abe's ruling par

Published 26 Dec, 2019 12:00am

Utilisation of funds: Sindh government develops ADP dashboard

The Sindh Government has developed Annual Development Plan (ADP) dashboard for better utilization of funds and speedy execution of development projects in the province.

Published 26 Dec, 2019 12:00am

Iran starts internet shutdown ahead of new protests

Iranian authorities have shut down mobile internet access to overseas sites in several provinces, an Iranian news agency reported on Wednesday, a day before new protests called for on social media.

Published 26 Dec, 2019 12:00am

27 local peace activists abducted in western Afghanistan

Taliban militants have kidnapped 27 peace activists from a highway in Afghanistan's western Farah province, local officials and peace activists said on Wednesday.

Published 26 Dec, 2019 12:00am

Thai court accepts 'Illuminati' case against opposition party

A Thai court on Wednesday said it would rule on a complaint to dissolve an upstart opposition party over alleged plots to overthrow the constitutional monarchy, a decision that could test the stability of the new government.

Published 26 Dec, 2019 12:00am

Sanaullah's release on bail: Afridi retracts statement about videos

Shehryar Afridi, Minister of State for Narcotics Control while refuting his earlier statements that the Anti Narcotics Force (ANF) has videos against Pakistan Muslim League-Nawaz (PML-N) leader Rana Sanaullah who was arrested on July 1, 2019 on charges of

Published 26 Dec, 2019 12:00am

Saudi forces kill two 'terrorists' in shoot-out

Two wanted "terrorists" were killed Wednesday during a shoot-out with security forces in eastern Saudi Arabia, Al Ekhbariya state television reported without identifying them.

Published 26 Dec, 2019 12:00am

Sun eclipse today

People in Karachi, along with other parts of the country, will witness the annular eclipse of the sun on Thursday morning.

Published 26 Dec, 2019 12:00am

BD insist on neutral venue for Pakistan Tests

Bangladesh are ready to play Twenty20 Internationals in Pakistan next month but the test series must take place in a neutral venue, the chief executive of the Bangladesh Cricket Board (BCB), Nizamuddin Chowdhury, said.

Published 26 Dec, 2019 12:00am

Letters

Policy pitfalls - I

Just before Partition, a coalition government of all India Muslim League and Indian National Congress was formed in which finance ministry was given to Liaquat Ali Khan. An uphill task was accepted by Muslim bureaucrats, who made the first Indian budget t

Published 26 Dec, 2019 12:00am

Articles

Glittering symbol of press, Newseum set to close its doors

Just steps from the US Capitol, the Newseum's gleaming glass-and-steel structure has for over a decade been a shining symbol for the press and free expression. But in a reflection of the woes facing the US media industry - which is itself struggling finan

Updated 27 Dec, 2019 09:18am

Articles

Shadows of fiscal stabilisation on trade and investment

The most frequent term used in recent weeks called as "stabilisation" surely has a reassuring reflection on External Accounts of Pakistan after implementation of IMF stabilisation programme. However, trade and investment in the country is still, by and la

Published 26 Dec, 2019 12:00am

Articles

More Giddu Bandars, anyone?

December was full of surprises but not surprising. We have to wait for the denouement of play called 'Institutions'. Curious tales in the twist are sure to follow; twists that could well make our real estate Mogul's unexplained wealth (frozen by UK's NCA)

Updated 27 Dec, 2019 09:07am

Violations of religious freedom

For the second consecutive year Pakistan gets placed on the US State Department's annual list of countries that tolerate severe religious freedom violations. It is among 10 nations - China, Eritrea, Iran, Myanmar, North Korea, Sudan, Saudi Arabia, Tajikis

Updated 26 Dec, 2019 06:29am

Economy: government has a long way to go

The economic teams of almost all the previous governments always admired the quality of their own economic management and boasted about their achievements. The present government, too, does not seem to be an exception to this tendency. Addressing the busi

Updated 26 Dec, 2019 06:28am

NAB recovered Rs 153 billion in 27 months: chairman

National Accountability Bureau (NAB) has arrested 630 accused, filed 600 references, deposited Rs 153 billion in the national exchequer in the last 27 months, said Chairman Former Justice Javed Iqbal on Wednesday.

Published 26 Dec, 2019 12:00am

Chinese company to launch 'Tatu Mobility' transportation network

Chinese Technology Services Company "Timesaco" all set to launch "Tatu Mobility" a transportation infrastructure network in Pakistan to promote e-transportation sector business in Pakistan.

Published 26 Dec, 2019 12:00am

Efforts under way to improve trade with Afghanistan: KP CM

KP Chief Minister Mahmood Khan has said that efforts are under way to further improve bilateral trade with Afghanistan and other Central Asian countries to boost economic activities that will further enhance regional cooperation.

Published 26 Dec, 2019 12:00am

Merged districts of KP; EPI launches vaccination drive

Expanded Programme on Immunization (EPI), Directorate of Health Services Merged Areas in collaboration with World Health Organisation (WHO) has started a 12-day extensive outreach vaccination drive in merged districts of Khyber Pakhtunkhwa to control the

Published 26 Dec, 2019 12:00am

Christmas celebrated in KP, tribal areas

Likewise other parts of the country and rest of the world, the Christian community in Khyber Pakhtunkhwa and tribal areas celebrated Christmas on Wednesday.

Published 26 Dec, 2019 12:00am

Senate chairman pays homage to Quaid

Chairman Senate Muhammad Sadiq Sanjrani Wednesday said the guiding principles of Quaid e Azam were a beacon of light for the people of Pakistan and they could achieve progress by following these principles.

Published 26 Dec, 2019 12:00am

BMP-backed candidate for VP seat elected unopposed

The Businessmen Panel (BMP) backed candidate for the office of the Vice President (VP) from Balochistan, Haji Juma Khan has been elected unopposed in the Federation of Pakistan Chamber of Commerce and Industry (FPCCI) polls in the annual elections of the

Published 26 Dec, 2019 12:00am

LG introduces InstaView ThinQ Range

LG Electronics (LG) is delivering a better cooking experience at home with its new LG InstaView ThinQ Range with Air Fry. The complete cooking solution integrates air frying and the company's popular InstaView technology with AI-powered advanced customer

Published 26 Dec, 2019 12:00am

Firdous asks media to help govt highlight its achievements

Special Assistant to Prime Minister on Information and Broadcasting Dr Firdous Ashiq Awan Wednesday while vowing to provide all out assistance of the government to protect the media has urged the media to help the government in highlighting the achievemen

Published 26 Dec, 2019 12:00am

KU awards 28 PhD, 27 M.Phil, two MS degrees in various disciplines

The Advanced Studies and Research Board (ASRB), University of Karachi, has awarded 28 PhD, 27 M.Phil, two Master of Science Course Work (30 Credit Hour) degrees in various disciplines.

Published 26 Dec, 2019 12:00am

High policy rate impediment to development: PBIF

President Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain has said the economy is getting better. Therefore, the central bank should consider reducing the interest rates to trigger growth.

Published 26 Dec, 2019 12:00am

Money & Banking

Bank Alfalah organizes conferences on 'supply chain finance'

Bank Alfalah, one of Pakistan's leading banks, organized first of its kind Supply Chain Finance round table conference, a platform for interactive discussion with corporate clients from across the industries.

Published 26 Dec, 2019 12:00am

Money & Banking

Askari Bank signs agreement with NIFT for DFS

Askari Bank and NIFT signed an agreement for digital commerce payments (Mobile/Electronic) through NIFT's DFS platform under the brand name "NIFT ePay".

Published 26 Dec, 2019 12:00am

IHN to establish 500 primary healthcare clinics by 2030

Indus Health Network (IHN) is going to establish 500 primary healthcare clinics throughout the country by 2030 with focus on family medicines and diabetes, and all these clinics would be linked to tertiary-care hospitals, either run by the Indus Health Ne

Published 26 Dec, 2019 12:00am

Government criticized for changing BISP's name

Pakistan Peoples Party (PPP) Punjab has criticized the government for maneuvering to change the name of Benazir Income Support Programme (BISP).

Published 26 Dec, 2019 12:00am

Money & Banking

Tax collection via ADCs: SBP holds seminar today

The State Bank of Pakistan (SBP) is holding a seminar on awareness of collection of government taxes through alternative delivery channels to address the issues being faced by the stakeholders.

Published 26 Dec, 2019 12:00am

Removal of 0.8 million names from BISP: Minister urges CJP to take suo motu notice

Minister for Industries and Commerce and Cooperative Department Jam Ikramuallah Dharejo has urged the Chief Justice of Pakistan to take suo moto over the news of removal of 0.8 million names from the Benazir Income Support Programme (BISP).

Published 26 Dec, 2019 12:00am

Dense fog to prevail over plains of Punjab, upper Sindh

Dense fog is likely to prevail over the most plains of Punjab and upper Sindh in the next 24 hours, the Met Office said on Wednesday.

Published 26 Dec, 2019 12:00am

Rich tributes paid to Quaid at SU seminar

Sindh University organized one-day national seminar on "Quaid-e-Azam Muhammad Ali Jinnah: Leadership and Legacy of Political Wisdom" at Allama I I Kazi Conference Hall of SU Pakistan Study Centre.

Published 26 Dec, 2019 12:00am

Quaid-e-Azam's birth anniversary observed with zeal

Like other parts of the country, Karachiites on Wednesday celebrated the 144th birthday of the father of the nation Quaid-e-Azam Muhammad Ali Jinnah with renewed commitment to work hard for the progress and prosperity of the country.

Published 26 Dec, 2019 12:00am

Punjab chief secretary asks colleagues to work harder

All administrative secretaries would have to work to serve public in real sense and no laxity would be tolerated in this regard now. Secretaries should immediately remove all corrupt and incompetent officers and officials from their posts by following the

Published 26 Dec, 2019 12:00am

'Allama Iqbal Industrial City': Chinese delegation visits FIEDMC project

A high-level delegation f Chinese investors on Wednesday visited Allama Iqbal Industrial City, a mega project of special economic zone (SEZ) of Faisalabad Industrial Estate Development and Management Company (FIEDMC) under CPEC to strengthen bilateral tra

Published 26 Dec, 2019 12:00am

LCWU decides to allocate substantial funds for research: VC

Vice Chancellor Lahore College for Women University (LCWU) Professor Dr Bushra Mirza said that university have decided to allocate a substantial fund for research and are also looking towards the Higher Education Commission Pakistan (HEC) and other bodies

Published 26 Dec, 2019 12:00am

2020 will be year of 'economic revolution': Sarwar

Governor Punjab Chuadhry Mohammad Sarwar Wednesday said that with every passing day, Pakistan will continue to advance in the economic field and the Year 2020 will prove to be the year of economic revolution.

Published 26 Dec, 2019 12:00am

Punjab government to acquire land for industrial estates

The Punjab government has decided to acquire land for setting up industrial estates and has extended an assent to the industries department to draft a new policy. The department had written to the government that non-availability of land in the industrial

Published 26 Dec, 2019 12:00am

LHC to hear Maryam's plea today

A division bench of the Lahore High Court will proceed with an application of Maryam Nawaz on December 26 (today) along with main petition seeking removal of her name from the Exit Control List (ECL) and to go London to look after her ailing father former

Published 26 Dec, 2019 12:00am

Christmas celebrated with religious zeal & fervour

Like other parts of the country and rest of the world, the Christian community in the provincial metropolis celebrated Christmas with religious zeal and fervour on Wednesday.

Published 26 Dec, 2019 12:00am

CTO Faisalabad for 'comprehensive' traffic master plan

A comprehensive traffic master plan to regulate the vehicular traffic during next 20-25 years is imperative and in this connection traffic police and all other allied departments must collaborate to give viable suggestions in addition to the provision of

Published 26 Dec, 2019 12:00am

UBG chief urges politicians to stay away from FPCCI elections

Chairman United Business Group (UBG) Iftikhar Ali Malik on Wednesday categorically cautioned the politicians not to exercise their sphere of influence and intervene in the upcoming elections of the Federation of Pakistan Chambers of Commerce & Industry (F

Published 26 Dec, 2019 12:00am

National unity imperative for country's development: Buzdar

Terming national unity imperative for the country's development, Chief Minister Punjab Sardar Usman Buzdar Wednesday said that political forces should give priority to the national interest, as Pakistan is passing through a critical phase.

Published 26 Dec, 2019 12:00am

Jimmy pays rich tributes to Quaid-e-Azam

People of Pakistan will remain indebted and grateful to Quaid-i-Azam Mohammad Ali Jinnah forever for creating a separate homeland for the Muslims of the sub-continent through his inspired leadership and great statesmanship.

Published 26 Dec, 2019 12:00am

Articles

Partly Facetious: There's a need for drawing a lesson from the Queen

"Head of institutions, including the government, should draw a lesson from the Queen."

Updated 27 Dec, 2019 09:11am

Approved housing societies: CDA launches operation against violations of regulations

Capital Development Authority (CDA) has triggered operation against violations of building and zoning regulations in approved housing societies situated in Zone II and V of the city. During the last two days, 16 premises have been sealed on account of vio

Published 26 Dec, 2019 12:00am

LAC organises seminars

On the 144th birth anniversary of Quaid-e-Azam Muhammad Ali Jinnah, the Alhamra Arts Council on Wednesday organized different seminars and exhibition featuring portraits of the Father of the Nation. At the Alhamra Art Gallery, several portraits made by re

Published 26 Dec, 2019 12:00am

Taxes

FBR agrees to regularise temporary clearing agents

Member Federal Board of Revenue (Customs), Mohammad Jawad Owais Agha has assured the regularization of all those clearing agents working on temporary licenses and no registration of cases against them, said a press release issued here on Wednesday.

Published 26 Dec, 2019 12:00am

PFA seizes 12,000kg of substandard chocolates, chips

The Punjab Food Authority (PFA) under the supervision of its Director General Irfan Memon raided a production unit of Lottee Kolson on Kasur Road and confiscated 12,000kg unwholesome chocolates and snacks.

Updated 26 Dec, 2019 07:46am

Energy

Government urged to resolve CNG crisis

:Central Chairman of All Pakistan CNG Association (APCNGA) Ghiyas Paracha while expressing serious concerns over the closure of CNG stations across the country has urged the government to resolve the crisis on immediate basis otherwise the association alo

Published 26 Dec, 2019 12:00am

KP to regulate installation, operation of crushers

The provincial government of Khyber Pakhtunkhwa has decided to regulate, installation and operation of power crushers in the province and for this purpose a piece of legislation has already been introduced in the provincial legislature.

Published 26 Dec, 2019 12:00am

Brief Recordings

Shield Corporation Limited

Shield Corporation Limited (PSX: SCL), established in 1975 has been around for about forty years. It was taken over by Premier Group of Companies in 2002.

Updated 26 Dec, 2019 08:24am

Five reasons COP25 climate talks failed

The climate summit in Madrid earlier this month did not collapse - but by almost any measure it certainly failed. Five years after the fragile UN process yielded the world's first universal climate treaty, COP25 was billed as a mopping-up session to finis

Updated 26 Dec, 2019 08:01am

Money & Banking

Despite political woes, Israel still hopes for international bond issue in 2020

Israel is finalising plans for a potential international bond offering in 2020, a senior Finance Ministry official said on Wednesday.

Published 26 Dec, 2019 12:00am

Modi unveils plan to tackle water shortages in India's heartland states

Indian Prime Minister Narendra Modi on Wednesday launched a 60-billion-rupee ($842 million) plan to tackle water shortages in the country's seven heartland states where agriculture is a mainstay.

Updated 26 Dec, 2019 07:42am

Energy

Joint Saudi, Kuwaiti oil field expected to produce 320,000bpd by end-2020

Saudi Arabia's energy minister said on Wednesday the Khafji oil field which is jointly operated with Kuwait would produce 320,000 oil barrels per day (bpd) at the end of 2020, Saudi-owned al-Arabiya TV reported.

Published 26 Dec, 2019 12:00am

Energy

China's longest ethane pipeline starts operation

China National Petroleum Corp (CNPC) said its Xinjiang oilfield unit has delivered 500,000 cubic meters of ethane after being put into operation a week ago, the company stated on its website on Wednesday.

Published 26 Dec, 2019 12:00am

Trump says he and Xi will sign China trade deal

US President Donald Trump said on Tuesday he and Chinese President Xi Jinping will have a signing ceremony to sign the first phase of the US-China trade deal agreed to this month.

Updated 26 Dec, 2019 07:42am

Seven killed in Nigeria jihadist attack on Christmas eve

Boko Haram jihadists have killed seven people on Christmas Eve in a raid on a Christian village near the town of Chibok in northeast Nigeria's Borno state, local militia and residents told AFP Wednesday.

Updated 26 Dec, 2019 08:01am

Nigeria releases Sowore and Dasuki after AG orders bail

Nigerian activist Omoyele Sowore and former national security adviser Sambo Dasuki left prison Tuesday evening after the attorney general ordered their release on bail, in recognition of court orders.

Updated 26 Dec, 2019 08:01am

Iraqi protesters rally after night of arson attacks

Iraqi anti-government protesters again hit the streets Wednesday, angered by an activist's death and an attempt on the life of a popular TV satirist.

Updated 26 Dec, 2019 07:42am

Erdogan discusses Libya ceasefire during surprise Tunisia trip

Turkish President Tayyip Erdogan paid a surprise visit to Tunisia on Wednesday to discuss cooperation for a possible ceasefire in neighbouring Libya, where Ankara supports the internationally recognised government.

Updated 26 Dec, 2019 07:44am

Britain's Prince Andrew skips Christmas Day walk, attends earlier service

Britain's Prince Andrew avoided the limelight on Christmas Day by skipping the royal family's traditional mid-morning walk to church and attending an earlier service with other relatives.

Updated 26 Dec, 2019 08:10am

Anti-Putin activist 'forcibly drafted' and sent to Arctic base

Russian opposition leader Alexei Navalny said Wednesday that one of his allies had been forcibly conscripted and sent to serve at a remote Arctic base in a move his supporters said amounted to kidnapping.

Updated 26 Dec, 2019 08:24am

Money & Banking

Serbia's central bank buys euros to stem dinar gains

Serbia's central bank bought an unspecified amount of euros on the local interbank market on Tuesday to absorb appreciation pressures on the dinar currency, dealers said.

Published 26 Dec, 2019 12:00am

Money & Banking

Revamped W African currency to be launched in 2020

A new version of a common currency in West Africa will be launched in 2020, French President Emmanuel Macron said.

Published 26 Dec, 2019 12:00am

Money & Banking

Russian rouble climbs to highest since 2018

The Russian rouble extended gains in light trade on Wednesday, climbing to its strongest levels since 2018.

Published 26 Dec, 2019 12:00am

Money & Banking

JGBs mixed, 2-year yield hits 16-month high on fading rate-cut expectations

Japanese government bond prices were mixed on Tuesday, with the two-year yield hitting a 16-month high on receding expectations of a near-term Bank of Japan rate cut before solid bond auction results helped to curb losses in the market.

Published 26 Dec, 2019 12:00am

Money & Banking

China to expand blockchain pilot, study FX reforms for cryptocurrency

China will expand the scope of its blockchain cross-border financing pilot platform, a senior official at the country's foreign exchange regulator said on Tuesday.

Published 26 Dec, 2019 12:00am

Money & Banking

Dollar steady against most majors in holiday-lulled trading

The dollar was little-changed against the euro in holiday-thinned trading on Tuesday, ahead of the Christmas holiday, while the British pound snapped a five-day streak of losses against the US currency.

Published 26 Dec, 2019 12:00am

Stocks

Most of Gulf sluggish, blue-chips hurt Egypt

Most major Gulf bourses were sluggish in holiday-thinned trade on Wednesday with Saudi Arabia leading the losses on financials, while Egypt retreated on a blue-chip sell-off.

Published 26 Dec, 2019 12:00am

Stocks

China stocks end roughly flat in quiet holiday trading

China stocks ended roughly flat on Wednesday in quiet trading, as many overseas financial markets were closed for Christmas.

Published 26 Dec, 2019 12:00am

Money & Banking

US treasury prices gain after strong 5-year note auction

US Treasury prices rose on Tuesday, pushing yields lower, bolstered by a strong US five-year note auction in a light market ahead of the holidays.

Published 26 Dec, 2019 12:00am

Stocks

South Korean stocks dip on concerns over exports, earnings recovery

Round-up of South Korean financial markets: South Korean shares ended lower on Tuesday, as investors were wary about a swift turnaround in exports and corporate earnings, while steering clear of making big bets ahead of holiday. The Korean won inched high

Published 26 Dec, 2019 12:00am

Stocks

Japanese shares dip; Nissan hits eight-year low as top exec decides to quit

Japan's Nikkei share average dipped in holiday-thinned trade on Wednesday, while Nissan hit an eight-year low after a top executive tasked with leading a recovery at the troubled automaker abruptly resigned just weeks into his new job.

Published 26 Dec, 2019 12:00am

Stocks

S&P 500, Dow pause near records in Christmas Eve trade

The S&P 500 and the Dow industrials slipped in a shortened, pre-Christmas session on Tuesday, as investors paused after a record-setting rally fueled by improving US-China trade relations that has put the market on course for its best year since 2013.

Published 26 Dec, 2019 12:00am

Commodities

Dalian iron ore futures edge down in thin holiday trade

Iron ore futures in China slipped on Wednesday, retreating after two straight session of gains in low volumes as many overseas markets were closed for the Christmas holiday.

Published 26 Dec, 2019 12:00am

Commodities

Arabica coffee rebounds in thin pre-holiday trade

ICE arabica coffee futures rose on Tuesday in thin trading ahead of the upcoming Christmas holiday, regaining some ground after the prior session's steep decline.

Published 26 Dec, 2019 12:00am

Commodities

Gold breaks above $1,500 on growth fears, stock market highs

Gold rose above $1,500 an ounce on Tuesday as lingering fears of recession and equity market highs drove investor demand.

Published 26 Dec, 2019 12:00am

Commodities

CBOT wheat rises on light technical buying, firm global cash prices

Chicago Board of Trade (CBOT) wheat futures closed modestly higher on Tuesday, amid light technical buying and positioning ahead of the Christmas holiday, traders said.

Published 26 Dec, 2019 12:00am

Commodities

Tocom rubber rises

Tokyo Commodity Exchange (TOCOM) futures rose on Wednesday amid hopes that China and the United States are getting closer to signing a trade deal

Published 26 Dec, 2019 12:00am

Commodities

ICE canola ends higher as farmer selling lags

ICE canola futures closed higher on Tuesday in a shortened, pre-holiday session, supported by modest strength in allied U.S. soy futures, a slow pace of farmer canola sales and firm crush margins, traders said.

Published 26 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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