News Archives for Print - 2019-12-27

Print - 2019-12-27

Russia raids offices of Kremlin critic Navalny

Russian security officials searched the offices of leading Kremlin critic Alexei Navalny's anti-corruption foundation on Thursday, with his team calling the raid a new bid to disrupt their work. Navalny linked the searches to his refusal to take down a 20

Published 27 Dec, 2019 12:00am

Turmoil at memorial for man killed in Iran protests

Iranian protesters chanted political slogans under the eye of security forces during a memorial on Thursday for a man killed in demonstrations last month, videos on social media showed. The images, which could not be verified by Reuters, showed one woman

Published 27 Dec, 2019 12:00am

Stocks

Bulls rule PSX: BRIndex100 rallies

Pakistan Stock Exchange (PSX) Thursday closed higher on reports of positive economic outlook.

Published 27 Dec, 2019 12:00am

Bengali terms government decision 'abject insensitivity'

Dr Kaiser Bengali, the first Head of the Benazir Income Support Programme (BISP), has condemned the removal of over 800,000 beneficiaries from the roster of BISP, terming it "abject insensitivity on the part of the government and its functionaries".

Published 27 Dec, 2019 12:00am

BISP database: Government decides to remove 820,165 'unmerited' people

The federal government has decided to expel 820,165 unmerited people from the database of Benazir Income Support Program (BISP). Special Assistant to the Prime Minister on Social Protection and Poverty Alleviation Dr Sania Nishtar on Thursday made this an

Published 27 Dec, 2019 12:00am

'Corrupt mafia': PM promises tougher line

Prime Minister Imran Khan on Thursday, terming the 'corrupt mafia' the biggest the impediment to the country's progress, said the year 2020 would prove to be tough on the plunderers of national exchequer. "Pakistan is set to witness an era of prosperity a

Published 27 Dec, 2019 12:00am

Two soldiers martyred: ISPR

Two Pakistan soldiers embraced martyrdom as a result of Indian ceasefire violations (CFVs) along the Line of Control (LoC) in Dewa Sector, Director General (DG) Inter-Services Public Relations (ISPR) Major General Asif Ghafoor said on Thursday.

Published 27 Dec, 2019 12:00am

Option of legislation remains intact: Firdous

Talking to media persons on Thursday, Special Assistant to Prime Minister on Information and Broadcasting Dr Firdous Ashiq Awan said that legal team thoroughly examined the decision and found several legal loopholes in the verdict. The review petition was

Published 27 Dec, 2019 12:00am

Army chief's extension: Government files review petition in SC

The federal government on Thursday approached the Supreme Court with a review petition against its verdict in extension/appointment of an army chief. In the review petition filed by Attorney General for Pakistan Anwar Mansoor Khan, the federal government

Published 27 Dec, 2019 12:00am

Saudi Arabia wants to deepen ties in trade, other areas

Saudi Foreign Minister Faisal bin Farhan Al-Saud has conveyed the 'firm' commitment of Saudi leadership to further deepening of "fraternal ties and multi-faceted cooperation with Pakistan in various fields including trade, investment, energy and tourism".

Published 27 Dec, 2019 12:00am

China, Russia, Iran to hold joint naval drills

China, Russia and Iran will hold joint naval drills starting Friday in the Gulf of Oman, Beijing and Tehran said, at a time of heightened tensions since the US withdrew from a landmark nuclear deal with Tehran. Set to take place from December 27 to 30, th

Published 27 Dec, 2019 12:00am

Musharraf's sentence challenged in SC

The special court verdict which sentenced the country's former president Pervez Musharraf to death in the high treason case, was challenged in the Supreme Court Thursday.

Published 27 Dec, 2019 12:00am

Discos allowed Rs 1.56/unit increase in tariff

National Electric Power Regulatory Authority (Nepra) on Thursday allowed Rs 1.56 per unit increase in tariff for power Distribution Companies (Discos) for October 2019 under monthly fuel price adjustment formula, with several ifs and buts on the efficienc

Published 27 Dec, 2019 12:00am

Press conference 'against' Justice Seth: Petition seeks contempt of court proceedings

A petition was filed in the Supreme Court on Thursday against minister for law and justice, attorney general for Pakistan, special assistant to the prime minister on information and broadcasting and others, seeking contempt of court proceedings against th

Published 27 Dec, 2019 12:00am

Pakistan receives $452.4m from IMF

Pakistan has received an inflow of $452.4 million from International Monetary Fund (IMF) as second tranche under Extended Fund Facility (EFF) program.

Published 27 Dec, 2019 12:00am

PM says Bajwa told him army 'ready for India'

Prime Minister Imran Khan said on Thursday that Chief of Army Staff (COAS) Gen Bajwa had assured him that "Pakistan Army is ready for India" in case of an attack on Azad Jammu & Kashmir.

Published 27 Dec, 2019 12:00am

Letters

IMF is no solution

It is quite true that the IMF is no solution. Business Recorder writer M Ziauddin in his latest op-ed for the newspaper has built up a strong case against this global lending agency. According to him, "Argentina, Egypt and Pakistan are some of the

Updated 27 Dec, 2019 08:41am

Articles

The big shortcoming: A grumpy 2020 for global growth

US political clouds coupled with wider climate and digital transformations point to a tricky 2020 for the world economy, although experts say a lurch back to crisis is improbable.

Updated 27 Dec, 2019 08:38am

Articles

Conflict in IMF programme

The report on the first review of the Extended Fund Facility (EFF) programme was launched by International Monetary Fund (IMF) recently, through which it expressed its satisfaction with the progress of the programme; releasing in turn a tranche to Pakista

Updated 27 Dec, 2019 09:02am

Articles

Federalisation versus centralisation: 2020: Year of road to prosperity

The Chairman of Punjab Revenue Authority (PRA), while addressing a conference on 'Ease of doing business in Pakistan: a case for tax harmonisation', organised by the Sustainable Development Policy Institute (SDPI) in Islamabad on December 6, 2019 reported

Updated 27 Dec, 2019 08:45am

The ownership of Gandhara art

There are no easy answers to this issue. According to a press report, Khyber Pakhtunkhwa has approached the federal government asking for the return of some 3,150 Gandhara era artifacts housed in Islamabad, Taxila, Lahore and Karachi museums. These Buddhi

Updated 27 Dec, 2019 06:41am

Govt's fresh statistics

Hammad Azhar, Minister for State for Economic Affairs, tweeted the latest statistics, showing a current account deficit reduction of 73 percent (since a staff-level agreement was reached with the International Monetary Fund on 12 May 2019), fiscal deficit

Updated 27 Dec, 2019 06:41am

Energy

Hydropower projects: PM given briefing

The completion of important dams and hydropower projects, including Mohmand Dam, Dasu Hydropower Project, Tarbela Four (Extension) and Diamer Bhasha Dam by 2027 would bring in 9620MW of additional electricity and 11.3 million acre feet of water in the cou

Published 27 Dec, 2019 12:00am

Telecommunication

Ministry seeks reduction in taxes/duties on mobile phones

The Ministry of Information Technology and Telecommunication has opposed Federal Board of Revenue's (FBR) taxation on mobile phones import under Baggage Rules and recommended reduction in duties/taxes on smart phones to achieve digital vision of the gover

Published 27 Dec, 2019 12:00am

Fisheries in Gwadar: Balochistan PA for providing facilities

Balochistan Assembly unanimously approved resolution for supply of water, electricity and other provision of facilities to fisheries in Gwadar on Thursday. Deputy Speaker Sardar Babar Khan Musakhel chaired a session of Balochistan Assembly.

Published 27 Dec, 2019 12:00am

Forgery case in SIH's unit: Senate panel seeks complete details of inquiry

A Senate panel on Thursday took notice of an alleged forgery case in liver transplant unit of Shifa International Hospital, Islamabad, and sought complete details of the inquiry in its next meeting.

Published 27 Dec, 2019 12:00am

Wheat flour confiscated by Customs

Customs Collectorate Appraisement Peshawar has foiled a bid to smuggle 150 ton flour to Afghanistan via Pak-Afghan sharing border. The action was taken after a tip-off, received by the Customs Collector Appraisement Peshawar, Ihsan Ali Shah that huge cach

Published 27 Dec, 2019 12:00am

IHC upholds appointment of Abrar as PRCS chairman

The Islamabad High Court (IHC) on Thursday upheld the appointment of Pakistan Tehreek-e-Insaf (PTI) leader Abrarul Haq as chairman Pakistan Red Crescent Society (PRCS). The IHC Chief Justice Athar Minallah also removed an earlier stay order against Haq's

Published 27 Dec, 2019 12:00am

Energy

Gas 'crisis' deepens as shortfall surges to 630MMCFD

The gas crisis deepened on Thursday as the total shortfall surged to 630 million metric cubic feet a day (MMCFD) that may compel the Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company (SSGC) to curtail the supply to sectors other than

Published 27 Dec, 2019 12:00am

Genuine welfare state: Moot demands government form group to transform idea into reality

Federal Minister for Religious Affairs Noor-ul-Haq Qadri has said the Pakistan Tehreek-e-Insaf-led government is striving to ensure the constitutional rights of all the citizens in accordance with the Islamic principles, practically implemented by the Pro

Published 27 Dec, 2019 12:00am

Taxes

100 units of cement, sugar and fertilizer sectors: FBR to track, monitor clearance of duty/tax-paid items

Federal Board of Revenue (FBR) has decided to track and monitor the clearances of duties/taxes paid items from around 100 units of cement, sugar and fertilizer sectors under the automated Track and Trace System.

Published 27 Dec, 2019 12:00am

European parliament's VP Fabio Massimo due today

On the invitation of Governor Punjab Chaudhry Mohammad Sarwar, European Parliament's vice-president Fabio Massimo will be arriving here on Friday (today) on a two-day visit. Terming Fabio's visit very important, Governor Sarwar said that matters including

Published 27 Dec, 2019 12:00am

PCMA publishes first-ever magazine on chemical industry

Pakistan Chemical Manufacturers Association (PCMA) has published the first ever magazine of the chemical industry with the title of "ChemPetroChem". PCMA Chairman Abrar Ahmad inaugurated the first edition of the magazine while Senior Vice Chairman Pervez

Published 27 Dec, 2019 12:00am

Speakers create awareness about NAB

Pakistan Institute of Public Finance Accountants (PIPFA) Lahore Branch Committee arranged a Seminar in collaboration with NAB on 'Role of Finance Professionals in Combating Bribery and Corruption' recently at Governor House Punjab. Session speaker was Rub

Published 27 Dec, 2019 12:00am

Taxes

10 registered persons involved in sales tax evasion blacklisted

Directorate of Intelligence & Investigation (DI&I)-IR, Karachi has blacklisted 10 registered persons involved in sales tax evasion amounting Rs 1.305 billion through fake and flying invoices.

Published 27 Dec, 2019 12:00am

Naila Baqir assumes charge of DG OPC

Naila Baqir (PAS/BS-19) has assumed the charge of the post of Director General, Overseas Pakistanis Commission (OPC) Punjab. Naila Baqir is among the honest and hardworking bureaucrats of Pakistan Administrative Service. She is graduate of London School o

Published 27 Dec, 2019 12:00am

Eight new jails to be constructed across Sindh

Sindh government on Thursday decided to construct eight new jails including two in Karachi across the province citing the shortage of space for the prisoners. The decision was taken in a high-level meeting under the supervision of the Sindh Chief Secretar

Published 27 Dec, 2019 12:00am

Sindh schemes: Departments told to indicate SDGs goals and targets

Sindh government has directed that all administrative departments should ensure indication of goals and targets of Sustainable Development Goals (SDGs) and actions proposed in Climate Change Policy Framework against each scheme.

Published 27 Dec, 2019 12:00am

Health department notifies governing body

The Health Department Government of Sindh has notified "Governing Body" under Section 8 (1) of the Sindh Institute of Child Health (SICH) and Neonatology Act, 2019.

Published 27 Dec, 2019 12:00am

FPCCI elections being held today

Federation of Pakistan Chambers of Commerce and Industry (FPCCI), an apex body of chambers, has made all arrangements to hold its annual election on December 27 (today) for the year of 2020. Voting will take place for the posts of president and senior vic

Published 27 Dec, 2019 12:00am

ATC removes terrorism charge against ex-MPA in hit-and-run case

An anti-terrorism court (ATC) in Quetta on Thursday dropped terrorism charge against former Balochistan Assembly member Abdul Majeed Achakzai in a case pertaining to the killing of a traffic sergeant by his over-speeding vehicle.

Published 27 Dec, 2019 12:00am

Cotton & Textile

APTMA demands 'full' gas supply to Sindh, Balochistan industries

Curtailment in gas supply by 50 percent is life threatening for the export-oriented textile industries in Sindh and Balochistan.

Published 27 Dec, 2019 12:00am

CDA seals 13 more commercial buildings

Capital Development Authority (CDA) has sealed 13 more commercial buildings in different housing societies situated in Zone-II and Zone-V of the city on account of violating Islamabad Building and Zoning Regulations 2005.

Published 27 Dec, 2019 12:00am

Taxes

Rs 98 billion refunds paid back in H1: FBR

The Federal Board of Revenue (FBR) has paid Rs 98 billion refunds during first six months of current fiscal year as compared to Rs 31 billion in the same period last fiscal.

Published 27 Dec, 2019 12:00am

25th death anniversary of Parveen Shakir observed

The 25th death anniversary of renowned poetess Ms Parveen Shakir (late) was observed at Custom House, Islamabad on Thursday.

Published 27 Dec, 2019 12:00am

Stocks

Insider trading: SECP appellate bench members divided

A larger appellate bench of the Securities and Exchange Commission of Pakistan (SECP) was divided over framing a major case of insider trading in the shares of a banking company, as two SECP Commissioners established case of insider trading whereas third

Published 27 Dec, 2019 12:00am

Completion of Dasu project linked to availability of funds

Secretary Ministry of Water Resources, Muhammad Ashraf said on Thursday that if 4,320MW Dasu hydel project is completed on schedule, it would be a miracle.

Published 27 Dec, 2019 12:00am

Shahid Hussain assumes charge of SCCI as acting chief

Shahid Hussain, Senior Vice President SCCI here on Thursday, has assumed charge as acting president of the Sarhad Chamber of Commerce and Industry during the absence of President SCCI Engr Maqsood Anwar Pervaiz who has travelled abroad.

Published 27 Dec, 2019 12:00am

OGDCL launches national talent-hunt programme

Oil & Gas Development Company Limited (OGDCL) Management under its CSR programme has launched National Talent Hunt Programme 2019-20 for all four provinces including Gilgit Baltistan.

Published 27 Dec, 2019 12:00am

Dishonored bank cheques: over 70,583 cases registered across country

Police across the country registered over 70,583 cases on account of dishonored bank cheques during the last three years and only 2,683 persons were convicted out of the total.

Published 27 Dec, 2019 12:00am

CCP recommends ban on stubble burning

The Competition Commission of Pakistan (CCP) has observed that acute shortage of wheat straw in the country has adversely affected the paper, dairy and meat industries and recommended a complete ban on the burning of wheat straw in the fields and use of i

Published 27 Dec, 2019 12:00am

Punjab allows WASA to take Rs 15 billion loan

The Punjab government has allowed the Water and Sanitation Agency (WASA) to borrow a loan of Rs15 billion from the Asian Investment Bank, said sources.

Published 27 Dec, 2019 12:00am

Money & Banking

TPL Insurance partners with FINJA

TPL Insurance has entered into a strategic partnership with FINJA, a Pakistani fintech on a mission to make payments free, frictionless and in real time.

Updated 07 Jan, 2020 10:25am

12th death anniversary of Benazir Bhutto today

The 12th death anniversary of former Prime Minister Benazir Bhutto will be observed on Friday (today).

Published 27 Dec, 2019 12:00am

Sanaullah released from Camp Jail

Pakistan Muslim League Nawaz (PML-N) Punjab President Rana Sanaullah was released from Camp Jail on Thursday after a bail from the Lahore High Court.

Published 27 Dec, 2019 12:00am

Attack on PIC: Law minister asked to hold in-camera briefing

Punjab Assembly Speaker Chaudhry Pervez Elahi on Thursday directed the Punjab Law Minister Raja Basharat to hold in-camera briefing for the members of the assembly on the lawyers attack on Punjab Institute of Cardiology on December 11, 2019.

Published 27 Dec, 2019 12:00am

JI chief raises doubts about NAB's impartiality

Chief of Jamaat-e-Islami, Senator Sirajul Haq has said that an impression of injustice and discrimination is strongly emerging among masses about the ongoing accountability drive in the country.

Published 27 Dec, 2019 12:00am

LCCI underscores need for new FTAs to boost exports

The Lahore Chamber of Commerce and Industry (LCCI) has underlined the need for new Free Trade Agreements (FTAs) with rest of the world besides making existing ones efficient and result oriented through negotiations with the concerned countries.

Published 27 Dec, 2019 12:00am

Commodities

10 new varieties of different agriculture commodities approved

The Punjab Seed Council (PSC) in its 53rd meeting on Thursday approved 10 new varieties of different agricultural commodities including nine varieties of Olive and one BT cotton namely FH-444.

Published 27 Dec, 2019 12:00am

Articles

Partly Facetious : Who defines national interest?

"Have lessons been learned?"

Updated 27 Dec, 2019 08:52am

Taxes

Appeals against IR dept: FBR revises commissioners' powers and jurisdictions

The Federal Board of Revenue (FBR) has revised the powers and jurisdictions of Commissioners Inland Revenue (Appeals) for dealing with the appeals filed by the taxpayers against the FBR's Inland Revenue Department in all major cities of the country.

Published 27 Dec, 2019 12:00am

Energy

Government comes under fire over growing gas shortages

The government came under severe criticism over the gas loadshedding in the country with Sui Northern Gas Pipelines Limited (SNGPL) blamed extreme winter conditions responsible for the outages.

Published 27 Dec, 2019 12:00am

Brief Recordings

An interview with Syed Mohsin Ahmed, CEO, Pakistan Microfinance Network 'Microfinance will remain the pivot for financial inclusion'

Syed Mohsin Ahmed has been associated with the Pakistan Microfinance Network (PMN) in different roles during almost two decades now. Mohsin is a qualified management accountant, who has taken executive courses on leadership from the Harvard Business Schoo

Updated 27 Dec, 2019 06:26am

Indian state demands damages, threatens to confiscate property over protests

India's northern Uttar Pradesh state is demanding millions of rupees from over 200 people and threatening to confiscate their property as a penalty for damage done to public property during protests against the country's new citizenship law.

Published 27 Dec, 2019 12:00am

Turkey to send troops to Libya at Tripoli's request: Erdogan

Turkey will send troops to Libya at the request of Tripoli as soon as next month, President Tayyip Erdogan said on Thursday, putting the North African country's conflict at the centre of wider regional frictions.

Published 27 Dec, 2019 12:00am

'Ring of fire' eclipse wows across Asia

Skywatchers from Saudi Arabia and Oman to India and Singapore were treated to a rare "ring of fire" solar eclipse Thursday. Annular eclipses occur when the Moon is not close enough to the Earth to completely obscure the Sun, leaving a thin ring of the sol

Published 27 Dec, 2019 12:00am

17 civilians killed in 3rd attack on Yemen market: UN

Seventeen civilians were killed in an attack in a market in Yemen's northern Saada governorate, the United Nations said, the third deadly assault on the same location in just over a month.

Published 27 Dec, 2019 12:00am

Afghan war caused 100,000 civilian casualties in last decade: UN

More than 100,000 Afghan civilians have been killed or injured over the past decade, the United Nations reported Thursday, as it renewed calls to end the bloody 18-year conflict. The announcement comes as the Taliban and US continue to hold talks aimed at

Published 27 Dec, 2019 12:00am

Money & Banking

Rs 50 banknotes authentication: SBP issues circular

The State Bank of Pakistan (SBP) has granted extension for issuance of machine authenticated Rs 50 banknotes. According to a circular issued by the SBP, considering the difficulties faced by banks in machine processing of lower denomination banknotes unde

Published 27 Dec, 2019 12:00am

Death anniversary of Benazir, New Year celebrations: IG Sindh directs extraordinary security arrangements

IG Sindh Dr Syed Kaleem Imam on Thursday directed his subordinates to ensure extra-ordinary security arrangements on the occasion of death anniversary of Benazir Bhutto and New Year celebrations, across the province. He was presiding over a high-level rev

Published 27 Dec, 2019 12:00am

Allowance for Revenue Div's employees: SC reprimands DAG for seeking adjournment of case

The Supreme Court Thursday reprimanded Deputy Attorney General Asghar Khan Kundi for seeking adjournment in a case pertaining to 100 percent allowance to the employees of Revenue Division. Chief Justice of Pakistan Gulzar Ahmed said that the judges come p

Published 27 Dec, 2019 12:00am

Judge video scandal: FIA raids PML-N secretariat, seizes record

A team of the Federal Investigation Agency (FIA) raided the PML-N Secretariat Model Town Thursday and confiscated material from multimedia pertaining to video involving the former accountability judge Arshad Malik.

Published 27 Dec, 2019 12:00am

Telecommunication

NA body visits NTC HO

National Assembly Standing Committee on IT & Telecommunication visited NTC headquarters and Managing Director NTC Brigadier Viqar Rashid Khan (retd) briefed about ICT Services, being offered by NTC. According to a press release issued here, NTC's performa

Published 27 Dec, 2019 12:00am

UN declares Malala as 'most famous teenager of the decade'

The United Nations (UN) has declared Pakistani education activist and Nobel laureate Malala Yousafzai as 'the most famous teenager in the world' in its "Decade in Review". In part one of its "Decade in Review" series which takes place between 2010 and the

Published 27 Dec, 2019 12:00am

President describes 'Ehsaas' as state guardianship project for deprived people

The Ehsaas Undergraduate Scholarship Project is a state guardianship for the deprived, as it is responsibility of the state to counter elitism by facilitating people in employment as well as education and health sectors.

Published 27 Dec, 2019 12:00am

Stocks

Most of Gulf falls but petrochemicals boost Saudi

Stock markets in the United Arab Emirates and Qatar fell on Thursday with banking shares leading the way, but petrochemicals helped Saudi Arabia buck the trend.

Published 27 Dec, 2019 12:00am

Stocks

France to issue 205bn euros in bonds next year

France aims to stick to 2020 bond issuance plans as previously flagged, the public debt management agency said on Wednesday in an end of the year update.

Published 27 Dec, 2019 12:00am

Stocks

Japanese shares jump in final trades for the year

Japanese shares rose on Thursday, rallying after eight sessions of intra-day weakness in trades marking the final settlements for 2019 and driven by expectations of a Sino-U.S. trade deal early in the new year.

Published 27 Dec, 2019 12:00am

Stocks

JGBs fall as investors turn bullish on equities

Japanese government bond prices fell marginally on Thursday, extending declines on receding expectations of a near-term central bank policy easing and bullish signs from global equity markets.

Published 27 Dec, 2019 12:00am

Stocks

Early Thursday's trading: S&P 500, Nasdaq hit fresh record highs on trade deal hopes

The S&P 500 and Nasdaq indexes hit fresh record highs on Thursday on optimism over an imminent US-China trade deal that has put the benchmark index on track for its best year since 2013.

Published 27 Dec, 2019 12:00am

Stocks

Fund investors pull back from US stocks as year-end nears

US fund investors started closing the books on 2019 by withdrawing more than $10.9 billion from mutual funds and exchange-traded funds that hold domestic stocks last week, the largest pullback since early October, according to Investment Company Institute

Published 27 Dec, 2019 12:00am

Stocks

Indian shares fall for third day as derivatives expiry weighs

Indian shares ended lower for the third consecutive session on Thursday due to volatility around the expiry of monthly derivative contracts, with Yes Bank falling nearly 5%.

Published 27 Dec, 2019 12:00am

Stocks

US treasury yields lower before 7-year note auction

US Treasury yields edged lower on Thursday before the Treasury Department is due to sell $43 billion in seven-year notes, with volumes light as many traders and investors were away after Wednesday's Christmas Day holiday.

Published 27 Dec, 2019 12:00am

Stocks

Big banks settle Fannie Mae, Freddie Mac bond rigging litigation in US

Thirteen prominent banks and financial services companies agreed to pay $337 million to resolve claims by investors that they conspired to rig prices of bonds issued by mortgage companies Fannie Mae and Freddie Mac for a decade.

Published 27 Dec, 2019 12:00am

Stocks

Singapore trims losses on trade optimism; Philippines falls most

Singaporean shares pared early losses and ended flat on Thursday, looking past a surprise fall in November manufacturing activity as lingering optimism around the "phase one" of US-China trade deal raised hopes of a turnaround in the sector.

Published 27 Dec, 2019 12:00am

Stocks

China stocks end higher on stimulus measures

China shares closed higher on Thursday after Beijing laid out plans to bolster its economy, which included investments in infrastructure and easing of residency curbs.

Published 27 Dec, 2019 12:00am

Stocks

Global equity funds suck in $15 billion in Brexit, trade truce week: BofA

Global equity funds attracted $14.8 billion last week, Bank of America Global said on Friday, as investors stormed back to risky assets after US-China agreed on a trade truce and a clear majority in the UK election cleared Brexit fog.

Published 27 Dec, 2019 12:00am

Stocks

Indian IPOs fall to 4-year low as economy falters

Indian initial public offerings tumbled to a 4-year low by value in 2019 as the economy slowed, but some analysts are hoping for better in 2020 on the back of potential government reforms likely to boost stock markets.

Published 27 Dec, 2019 12:00am

Stocks

S Korean stocks gain on Sino-US trade hopes; won edges up

Round-up of South Korean financial markets:

Published 27 Dec, 2019 12:00am

Money & Banking

Financial markets embrace brave new world of AI

Artificial Intelligence has spread rapidly across markets in recent years as traders constantly strive to gain the upper hand, while regulators have given a guarded welcome to the cutting-edge technology.

Published 27 Dec, 2019 12:00am

Money & Banking

Yen sags as prospects for US-China trade deal looking good

The dollar edged up slightly against the yen while risk-sensitive currencies held firm on Thursday, buoyed by optimism of easing trade tensions between the United States and China and signs of recovering global growth.

Published 27 Dec, 2019 12:00am

Money & Banking

Early trade in New York: Dollar up vs safe-haven yen on moderate 'risk on' sentiment

The dollar rose against Japanese yen on Thursday as optimism around easing trade tensions between the United States and China sapped demand for the safe-haven currencies, even as the holiday-thinned trading kept large moves in the FX market in check.

Published 27 Dec, 2019 12:00am

Money & Banking

Thin trade, rising oil keep Russian rouble at strongest since mid-2018

The Russian rouble extended gains slightly amid thin trade and higher oil prices on Thursday, holding at the strongest level since mid-2018.

Published 27 Dec, 2019 12:00am

Money & Banking

Most currencies tick higher on Sino-US trade deal optimism

Most Asian currencies firmed in year-end trade on Thursday as comments from China boosted expectations of Washington and Beijing signing a trade deal early in the new year.

Published 27 Dec, 2019 12:00am

Money & Banking

'Nobody knows' how much pound could slump: C bank head

Lebanon's central bank governor said on Thursday "nobody knows" how much more the cost of dollars could rise on the black market as a dire crisis piles pressure on a 22-year-old currency peg.

Published 27 Dec, 2019 12:00am

Money & Banking

Latin American currencies gain ground

Latin American currencies gained ground on Thursday, with Brazil's real and Chile's peso leading the charge in a thin volume session as investors returned from a Christmas break.

Published 27 Dec, 2019 12:00am

Football

Celtic maintain five-point lead ahead of Old Firm clash

Celtic extended their winning run in the Scottish Premiership to 11 games with a 2-1 victory at St Mirren on Boxing Day to maintain a five-point lead over Rangers at the top of the table.

Published 27 Dec, 2019 12:00am

Other

Maj-Gen Saeed-uz-Zaman Memorial Polo Cup: AOS, Diamond Paints register victory

Hat-trick boy Kian Hall helped AOS Polo Team beat Master Paints Black by 51/2-5 to qualify for the main final of the Maj Gen Saeed-uz-Zaman Memorial Polo Cup 2019 sponsored by JS Bank here at Cavalry Polo ground on Thursday.

Published 27 Dec, 2019 12:00am

Cricket

25 players to take part in Skills 2 Shine Under-18 Academy

As many as 25 players will take part in the 14-day long Skills 2 Shine training camp for girls at the Hanif Mohammad High Performance Center at the National Stadium, Karachi.

Published 27 Dec, 2019 12:00am

Other

Tenpin Bowling Championship: Noor, Amina, Shaista, Tehseena advance to final round

Noor, Amina Roshi, Shaista and Tehseena reached in final round of Women Singles of Pakistan Open Tenpin Bowling Championship at Leisure City Bowling Club, Jinnah Park, Rawalpindi on Thursday.

Published 27 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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