News Archives for Print - 2020-02-09 - Business Recorder

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Print - 2020-02-09

Syria army overruns Idlib crossroads town despite Turkey warnings

Syria army overruns Idlib crossroads town despite Turkey warnings

The Syrian army took control of the strategic northwestern crossroads town of Saraqeb on Saturday in the latest gain of a weeks-long offensive against the country's last major rebel bastion of Idlib. The advance came shortly after Turkey sent additional t

Published 09 Feb, 2020 12:00am

2019-20 Rabi season: Wheat sowing target missed by 2.5 percent

2019-20 Rabi season: Wheat sowing target missed by 2.5 percent

The country has missed the wheat sowing target by 2.5 percent during 2019-20 Rabi season due to climatic changes and delay in the start of sugarcane crushing by mills.

Published 09 Feb, 2020 12:00am

Thai soldier kills at least 20 in mass shooting

Thai soldier kills at least 20 in mass shooting

A Thai soldier remained holed up in a shopping mall late Saturday after gunning down at least 20 people, in an attack on a normally sedate town centre relayed through Facebook posts. The shooting spree in the northeastern city of Nakhon Ratchasima began l

Published 09 Feb, 2020 12:00am

Ministries, divisions asked to surrender anticipated savings

Ministries, divisions asked to surrender anticipated savings

The Finance Division has directed all ministries and divisions as well as their attached departments (including programmes/projects/schemes) and subordinate offices and autonomous organisations to surrender the anticipated savings to the Finance Division

Published 09 Feb, 2020 12:00am

Gas price notifications: Government to expedite passage of legislation, IMF told

Gas price notifications: Government to expedite passage of legislation, IMF told

Federal government has begun to expedite the passage of legislation on regular and timely notifications for end consumers' gas tariffs as agreed under the $6 billion International Monetary Fund (IMF) programme.

Published 09 Feb, 2020 12:00am

PM assures export sectors: No change in power, gas tariffs for 3 years

PM assures export sectors: No change in power, gas tariffs for 3 years

Prime Minister Imran Khan has reportedly assured the export-oriented sectors that there will be no change in tariffs of electricity and gas for next three years, industry sources told Business Recorder. This message, sources said, has been conveyed

Published 09 Feb, 2020 12:00am

MoC takes step to forestall possibility of any zoonotic transmission

MoC takes step to forestall possibility of any zoonotic transmission

Ministry of Commerce (MOC) has imposed a ban on the import of any zoonotic (animal, birds, etc.) till further advise in order to prevent spreading coronavirus in Pakistan. According to a notification, the ban on the import of any zoonotic (animal, birds,

Published 09 Feb, 2020 12:00am

Panic buying hits Singapore after virus alert raised

Panic buying hits Singapore after virus alert raised

Anxious Singapore shoppers formed long lines at grocery stores Saturday and cleared the shelves of essential items, after the city-state raised its alert level over China's coronavirus outbreak. Since emerging late last year, the virus has killed over 700

Published 09 Feb, 2020 12:00am

China virus toll hits 722, with first foreign victim

China virus toll hits 722, with first foreign victim

The death toll from the novel coronavirus outbreak soared to 722 in China on Saturday, including the first foreign victim, as Hong Kong imposed a mandatory quarantine on mainland arrivals to block the spread of an epidemic that has caused global panic.

Published 09 Feb, 2020 12:00am

OPEC body urges output cut over coronavirus

OPEC body urges output cut over coronavirus

A committee appointed by the OPEC club of oil-producing countries and its allies to study the effects of coronavirus recommended additional output cuts on Saturday, Algeria's energy minister said. "The coronavirus epidemic has had a negative impact on eco

Published 09 Feb, 2020 12:00am

Joint efforts for Kashmir issues: Saudi FM, Qureshi exchange views

Joint efforts for Kashmir issues: Saudi FM, Qureshi exchange views

Saudi Foreign Minister Faisal bin Farhan on Saturday telephoned Foreign Minister Shah Mahmood Qureshi and exchanged views on 'joint efforts' for raising Kashmir issues on international forums, including at the Organization of Islamic Cooperation (OIC), Fo

Published 09 Feb, 2020 12:00am

Muslim voters prefer AAP over Congress: Exit polls predict big Modi defeat in Delhi election

Muslim voters prefer AAP over Congress: Exit polls predict big Modi defeat in Delhi election

Millions in the Indian capital voted Saturday in a key regional election, with exit polls suggesting a big defeat for right-wing Prime Minister Narendra Modi. Modi's Hindu nationalist Bharatiya Janata Party (BJP) was a distant second behind the upstart Aa

Published 09 Feb, 2020 12:00am

Trump impeachment witnesses lose their jobs

Trump impeachment witnesses lose their jobs

US President Donald Trump on Friday fired two of the highest profile witnesses in his impeachment probe, sparking accusations that he is on a campaign of revenge. Trump recalled his ambassador to the European Union, Gordon Sondland, just hours after Lieut

Published 09 Feb, 2020 12:00am

Public hanging: PBC condemns NA resolution

Public hanging: PBC condemns NA resolution

The Pakistan Bar Council (PBC) has strongly condemned the resolution passed in the National Assembly by a majority vote regarding public hanging for the people convicted for sexually abuse and murder of children for being in "violation of the constitution

Published 09 Feb, 2020 12:00am

APNS moot: Sindh government to devise mechanism for early payment of newspapers' dues: Nasir

APNS moot: Sindh government to devise mechanism for early payment of newspapers' dues: Nasir

Sindh Information Minister Syed Nasir Hussain Shah appreciating the positive role of newspapers assured that provincial government would take necessary steps for the promotion and development of media industry.

Published 09 Feb, 2020 12:00am

Front running akin to insider trading, SECP bench tells brokers

Front running akin to insider trading, SECP bench tells brokers

An appellate bench of the Securities and Exchange Commission of Pakistan (SECP) has conveyed to the brokers' community that front running is akin to insider trading and a criminal offence in the stock market.

Published 09 Feb, 2020 12:00am

Eight dead, 40 hurt in Kazakhstan clashes

Eight dead, 40 hurt in Kazakhstan clashes

Eight people were killed, dozens hurt and property burned during clashes in southern Kazakhstan, prompting concern Saturday from authorities who portray the country as a beacon of stability. Kazakh President Kassym-Jomart Tokayev held an emergency governm

Published 09 Feb, 2020 12:00am

Key member of TTP killed in Afghanistan?

Key member of TTP killed in Afghanistan?

The Pakistani Taliban have confirmed that one of its key leaders and another member of the group were killed in a clash with security forces in Afghanistan. In a statement published by the SITE monitoring group Friday, the Tehreek-e-Taliban Pakistan (TTP)

Published 09 Feb, 2020 12:00am

Can Maryam leave country?

Can Maryam leave country?

Maryam Nawaz can legally leave the country if the Lahore High Court (LHC) allows her even if the federal government declines to remove her name from the Exit Control List (ECL). This was the consensus of lawyers in an anecdotal survey carried out by Bu

Published 09 Feb, 2020 12:00am

38 projects in Sindh: Centre releases 56 percent funds till mid January

Federal Government has released almost 56 percent of funds for 38 projects executing in Sindh, which are included in Public Sector Development Program (PSDP) of current fiscal up to the mid of January 2020.
Published 09 Feb, 2020 12:00am

Iran says foils cyberattack targeting internet providers

Iran repelled a cyberattack on Saturday that disrupted the country's internet services for an hour, a telecommunications ministry official said.
Published 09 Feb, 2020 12:00am

PM says will provide relief to inflation-hit people

Chairing a high-level meeting in the federal capital on Saturday, Prime Minister Imran Khan pledged to go to any lengths to ensure a reduction in prices of essential commodities in order to provide relief to the masses reeling from inflation.
Published 09 Feb, 2020 12:00am

Ireland votes in 'three horse race' for power

Ireland began voting in a general election on Saturday, with Prime Minister Leo Varadkar hoping to secure a new term on the back of Brexit - though voters are more likely to judge him more on his domestic record.
Published 09 Feb, 2020 12:00am

Letters
PTI learning the ropes quite fast

Not only does Karachi-based MQM have a number of grievances against its senior coalition partners, PTI, the PTI MNAs from Karachi have also expressed their displeasure over federal government's approach to urban Sindh issues. In an important development o
Published 09 Feb, 2020 12:00am

Articles
Syria regime expected to chip away at Idlib region in stages

The Syrian regime will claw back the country's last major opposition bastion in stages, experts say, chipping away at Idlib until jihadists and rebels have run out of options.
Published 09 Feb, 2020 12:00am

Articles
Owl-right start for ECB's Lagarde in first 100 days

Wearing an owl brooch to her January press conference, Christine Lagarde made clear her determination to run the European Central Bank differently from her predecessors as it hunts for a way out of crisis-management mode.
Published 09 Feb, 2020 12:00am

Articles
China turns to AI, data in fight against virus

A man who had travelled to Wuhan - the central city at the heart of China's coronavirus crisis - was surprised when police showed up at his door after he returned home, asking to check his temperature. The man, who had quarantined himself at home in Nanji
Published 09 Feb, 2020 12:00am

Articles
There's need for macro-fiscal unit

The Adviser to PM on Finance is in a tight spot. The IMF's second review is ongoing. All the binary targets are likely to be met. But the problem is to manage primary fiscal deficit targets in the quarters to come. Ambitious indicative tax revenue target
Published 09 Feb, 2020 12:00am

Modi loses referendum

First things first, Aam Admi Party led by Chief Minister Arvind Kejriwal is set for a hat-trick victory in India's capital's election. "The New Delhi election," according to NDTV, "is being seen as a test of Modi's popularity following month of deadly nat
Updated 10 Feb, 2020 06:09am

Stock market and bond yields

The KSE-100 index bottomed out at 28,765 on August 16, 2019 and soared to 43,219 on January 13, 2020. There were three factors that triggered the market rally - falling 10-year bond yield, currency appreciation and current account deficit reduction, and p
Updated 10 Feb, 2020 06:04am

Faryal inaugurates Sindh Livestock Expo

Sindh Livestock Expo 2020 will help livestock industry grow while giving an opportunity to the traditional livestock owners to turn their livestock into market oriented farm animals. Sindh government is committed and will take all measures to tap potentia
Published 09 Feb, 2020 12:00am

Business & Economy
NHA board approves Nespak for Torkham-Jalalabad road project

The National Highways Authority (NHA) executive board has approved the supervisory consultants M/s NESPAK for the additional carriageway of Torkham-Jalalabad road project for an amount of Rs117.873 million which is 202.90 percent above the original consul
Published 09 Feb, 2020 12:00am

JUI-F to launch protest movement against price hike in March

General Secretary JUI-F Khyber Pakhtunkhwa Maulana Abdul Haq Darwaish has said the party is launching a new movement against worst price hike, imposition of taxes, unemployment, lawlessness and consecutive mini budgets from next month (March).
Published 09 Feb, 2020 12:00am

Fazl slams PTI rule for 'high' inflation

Chief of Jamiat Ullema-e-Islam (JUI-F) Maulana Fazal-ur-Rehman on Friday slammed the PTI rule for 'high' inflation in the country, saying his party's anti-government drive will continue with one more protest rally in Lahore soon.
Published 09 Feb, 2020 12:00am

Court dismisses Rana's plea for video footage, release of vehicle

A special court for Control of Narcotics Substance (CNS) on Saturday adjourned to March 07 the hearing of a drug recovery case against Rana and others for indicting the suspects. The court dismissed two applications of Rana Sanaullah Khan demanding video
Published 09 Feb, 2020 12:00am

Two more polio cases surface in Sindh

The Sindh Emergency Operations Centre for polio has confirmed two more polio cases in Sindh that took the tally to five in the province and 12 in Pakistan for this year. The two cases were reported in the Badin and Kambar districts. A 36-month-old girl fr
Published 09 Feb, 2020 12:00am

Minister vows to help resolve journalists' issues on priority

Sindh Minister for Information, Local Government, Housing Town Planning, Religious Affairs, and Forest & Wildlife Department Syed Nasir Hussain Shah has said that the issues and the problems being faced by the Journalists' community were in the knowledge
Published 09 Feb, 2020 12:00am

AJK delegation meets Qureshi: Strategy to highlight IHK lockdown internationally discussed

Foreign Minister Shah Mahmood Qureshi on Saturday reaffirmed Pakistan's continued moral, political and diplomatic support to the oppressed Kashmiri people in their just struggle for the right to self-determination. The foreign minister was speaking to par
Published 09 Feb, 2020 12:00am

'Slight chance' of Rajab moon sighting on February 24

Pakistan Meteorological Department (PMD) on Saturday forecast that there is slight chance of sighting the new moon of Rajab 1441 AH on the evening of 24 February. The new moon of Rajab, 1441 AH will be born on crossing conjunction point at 20-32 PST on 23
Published 09 Feb, 2020 12:00am

Mobile phones recovered from prisoners in Adyala Jail

The administration of Adyala Jail on Saturday recovered a number of prohibited devices and mobile phones from possession of several prisoners. According to Adyala jail sources, the administration of the Adyala Jail has decided to launch a search operation
Published 09 Feb, 2020 12:00am

Business & Economy
Naya Pakistan Housing Scheme: all-out efforts under way to attract investment: Firdous

Special Assistant to Prime Minister on Information and Broadcasting Firdous Ashiq Awan on Saturday said that government would take all possible measures to attract investment to the "Naya Pakistan Housing Scheme (NPHS)". Awan, while speaking to media pers
Published 09 Feb, 2020 12:00am

Business & Economy
Malik Sohail Hussain appointed PABA coordinator

Renowned leader of the business community Malik Sohail Hussain has been appointed as Chairman Coordination of Pakistan American Business Association (PABA) with an aim to bring business communities of both countries closer. Based in Washington, PABA is a
Published 09 Feb, 2020 12:00am

Business & Economy
FCAG chief asks government to review ATTA

President, Frontier Customs Agents Group (FCAG), Khyber Pakhtunkhwa, Zia-ul-Haq Sarhadi has asked the federal government to review Afghan Transit Trade Agreement (ATTA) that had deprived Pakistani ports of the 70 percent transit trade.
Published 09 Feb, 2020 12:00am

Alliance with PML-Q will continue, says Buzdar

Punjab Chief Minister Sardar Usman Buzdar on Saturday said that the alliance with Pakistan Muslim League-Q (PML-Q) will continue, as the relationship between the two political parties is cordial.
Published 09 Feb, 2020 12:00am

Business & Economy
NA body to discuss business community's issues on February 13

National Assembly Standing Committee on Finance, Revenue and Economic Affairs will discuss the reports of concerned ministries and departments regarding core issues of the business community in its meeting scheduled to be held on February 13 at Islamabad,
Published 09 Feb, 2020 12:00am

Fakhar Imam, Buzdar flay Indian barbaric acts in held valley

Kashmir Committee Chairman Syed Fakhar Imam and Punjab Chief Minister Sardar Usman Buzdar strongly condemned the savagery of Indian army in the Indian Occupied Kashmir and thanked the people for observing the Kashmir Solidarity Day on February 5. During
Published 09 Feb, 2020 12:00am

Business & Economy
Colour & Chem Expo put off

After the current situation developed in China after coronavirus outbreak and restrictions of travel from China, the 6th Color & Chem Expo that was scheduled to be held on February 29 has been postponed.
Published 09 Feb, 2020 12:00am

Business & Economy
Punjab sets up 3rd online home delivery shop

On the directions of Punjab Govt the District Administration has established 3rd online home delivery Drust Dam shop at D Type Pull main Sammundri road. The D Type Colony, Samanabad, Abdullah Colony, Nawabanwala, Muzaffar Colony, Maqsoodabad, Nisar Colony
Published 09 Feb, 2020 12:00am

Business & Economy
LCCI for urgent steps to save farmers from locust

The Lahore Chamber of Commerce and Industry has urged the government to fully support the farmers in war against locust as worst attacks in decades had devastated agriculture sector in various parts of the country.
Published 09 Feb, 2020 12:00am

FBP urges government to reduce production cost

Farmers Bureau of Pakistan (FBP) has urged the government to take immediate steps for bringing down the cost of production of the growers to provide them some financial relief.
Published 09 Feb, 2020 12:00am

Business & Economy
PIAF chief attributes soaring inflation to government's economic policies

The Pakistan Industrial and Traders Association Front (PIAF) has urged the government to take concrete measures for easing out inflation that had touched 12 years high level of 14.6 percent in January 2020.
Published 09 Feb, 2020 12:00am

Alleged terror-financing: Verdict in two cases against JuD chief, associates delayed

An anti-terrorism court on Saturday delayed announcement of decision in two of the cases of alleged terror financing against Jamatud Dawa (JuD) chief Hafiz Muhammad Saeed and his associates. The court will now decide first a fresh application demanding co
Published 09 Feb, 2020 12:00am

IT & Computers
Fawad underscores need for adopting modern technology

Federal Minister of Science and Technology Fawad Hussain Chaudhry on Saturday stated that the future belongs to technology and Pakistan needs to embrace modern technology by educating young generation to move forward and keep pace with the rest of the wor
Published 09 Feb, 2020 12:00am

Pakistan gets success on Kashmir in UN: Qureshi

Foreign Minister Shah Mahmood Qureshi has said Pakistan will continue to extend its moral, political and diplomatic support to the oppressed Kashmiri brethren in their just struggle for right to self-determination.
Published 09 Feb, 2020 12:00am

Shahbaz blames government 'mafia' for creating sugar crisis

PMLN President and National Assembly Opposition Leader Shahbaz Sharif said that Imran Khan's PTI government is the culprit behind the sugar crisis in the country.
Published 09 Feb, 2020 12:00am

Ceasefire violations: Top Indian diplomat summoned, protest lodged

Pakistan summoned top Indian diplomat and lodged with him a strong protest over the ceasefire violations by India Saturday, which resulted in martyrdom of an innocent civilian.
Published 09 Feb, 2020 12:00am

FBP for lowering cost of production

Farmers Bureau of Pakistan (FBP) has urged the government to take immediate steps for bringing down the cost of production of the growers to provide them some financial relief. FBP President Dr Zafar Hayyat in a statement issued here on Saturday observed
Published 09 Feb, 2020 12:00am

Business & Economy
Under PSDP 2019-20: Rs 429.17 billion released against budgeted Rs 701 billion

The federal government has released Rs429.17 billion (61.2 percent) including Rs85.17 billion foreign aid (66.4 percent) for various ongoing and new development projects under the Public Sector Development Program (PSDP) 2019-20 against the budgeted alloc
Published 09 Feb, 2020 12:00am

Business & Economy
FPCCI urges government to declare cotton emergency

President of Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Mian Anjum Nisar has suggested that to increase the crop size in the coming years the government should declare cotton emergency and take all necessary measures and plan of act
Published 09 Feb, 2020 12:00am

Murad asks BoR to slash property's transfer period from 149 to mere six days

Sindh Chief Minister Syed Murad Ali Shah presiding over a high-level meeting of the Ease of Doing Business Reforms Council Saturday directed the Board of Revenue (BoR) to reduce registration and transfer of property period from 149 days to six days by emp
Published 09 Feb, 2020 12:00am

Global Business Economy
Airbus to acquire Bombardier's remaining stake in A220 passenger jet

Europe's Airbus SE is likely to acquire Canadian plane and train maker Bombardier Inc's remaining stake in the A220 passenger jet program, two industry sources said on Friday. A deal for Airbus to buy the 33.58% share in the program was widely expected af
Published 09 Feb, 2020 12:00am

Global Business Economy
US slaps sanctions on Venezuela state airline

The United States on Friday criminalized transactions with Venezuelan flag carrier Conviasa, saying it wanted to pressure President Nicolas Maduro to cede power. Under the new sanctions, anyone in the United States will be banned from any transactions wit
Published 09 Feb, 2020 12:00am

Energy
France's Total rejects force majeure notice from Chinese LNG buyer

French oil major Total rejected a force majeure notice from a liquefied natural gas (LNG) buyer in China, the first global energy supplier to push back publicly against a firm trying to back out of a contract amid the coronavirus outbreak.
Published 09 Feb, 2020 12:00am

Energy
Trans Mountain pipeline cost jumps by two-thirds to C$12.6 billion

The Canadian government-owned Trans Mountain oil pipeline is expected to cost C$12.6 billion ($9.47 billion) to expand, a sharp increase from the previous estimate of C$7.4 billion, the pipeline company's chief executive said on Friday.
Published 09 Feb, 2020 12:00am

Pentagon official, Lockheed Martin pull out of Singapore Airshow

The Pentagon shrunk the size of its delegation traveling to the Singapore Airshow and US defense firms Lockheed Martin Corp and Raytheon Co said they would not attend, as the impact of the coronavirus has reduced participation in the event.
Published 09 Feb, 2020 12:00am

Telecommunication
US, Europe could team up on 5G, but not if trade war under way: German lawmaker

The United States and the European Union could team up to counter the dominance of China's Huawei Technologies in next-generation 5G telecoms technology, but not if Washington continues to threaten tariffs against Brussels, a senior German conservative la
Published 09 Feb, 2020 12:00am

Commodities
Israel bans Palestinian agricultural exports via Jordan

Israel has escalated a trade war with the Palestinians by stopping their agricultural exports through Jordan, Palestinian Agriculture Minister Riyal al-Attari said on Saturday. Israel and the Palestinian Authority (PA) opened a new front in their decades-
Published 09 Feb, 2020 12:00am

US, Afghan forces come under 'direct fire' in eastern Afghanistan: US official

US and Afghan troops came under "direct fire" in eastern Afghanistan late Saturday, a US military official said, in an incident local media described as an "insider" attack. "A combined US and Afghan force conducting an operation in Nangarhar Province was
Published 09 Feb, 2020 12:00am

Gaza projectile fired at southern Israel

Palestinian militants in Gaza fired a projectile at southern Israel on Saturday, the army said, the latest attack in the wake of the US unveiling its controversial peace plan.
Published 09 Feb, 2020 12:00am

Top EU diplomat apologises for 'Greta syndrome' comments

EU foreign policy chief Josep Borrell on Saturday apologised for comments questioning the sincerity of young climate protesters and joking that they have "Greta syndrome". Borrell triggered the row by saying he believed school students had been galvanised
Published 09 Feb, 2020 12:00am

IT & Computers
Twitter says Facebook, Messenger accounts hacked

Twitter confirmed on Friday that the official Twitter accounts of social media giant Facebook Inc and its Messenger platform were hacked. A Twitter spokesperson said in an emailed statement that the accounts were hacked through a third-party platform.
Published 09 Feb, 2020 12:00am

Global Business Economy
South Africa seeks to unlock stalled arms sales to Saudi Arabia, UAE

South Africa aims to free up over a billion dollars installed weapons sales, including to Saudi Arabia and United Arab Emirates, by amending a document at the heart of an export row, a senior arms control official told Reuters.
Published 09 Feb, 2020 12:00am

Global Business Economy
Multiple software errors doomed Boeing crew capsule test

Multiple software issues and a poor radio link doomed a test flight of Boeing's crew capsule late last year, NASA said Friday, revealing for the first time a glitch that could have destroyed the spaceship on its re-entry.
Published 09 Feb, 2020 12:00am

Merkel fires minister over far-right row

German Chancellor Angela Merkel salvaged her fragile ruling coalition Saturday with the resignation of two officials, including one junior minister, who had aligned themselves with the far-right in a regional election.
Published 09 Feb, 2020 12:00am

Khamenei says Iran should increase military might to prevent war

Iran should increase its military might to prevent a war, Supreme Leader Ayatollah Ali Khamenei told a gathering of air force commanders on Saturday, dismissing the US sanctions on the country as "criminal act".
Published 09 Feb, 2020 12:00am

Stocks
Qatar National Bank to sell seven-year dollar bonds

Qatar National Bank (QNB), the Gulf's biggest bank by assets, on Wednesday started marketing US dollar-denominated bonds with a seven-year maturity, a document showed. QNB has hired Barclays, Credit Agricole, Mizuho, QNB Capital and Standard Chartered to
Published 09 Feb, 2020 12:00am

Stocks
Banks and fund managers want trial of shorter European trading day

Banks and asset managers called on Thursday for a one-year trial of a shorter trading day for European stock exchanges to make markets more efficient, lift volumes and attract more women.
Published 09 Feb, 2020 12:00am

Stocks
Foreigners step up selling in Japanese stocks

Foreign investors stepped up selling in Japanese equities last week due to jitters over a fast-spreading coronavirus outbreak in China, the world's second-largest economy. They sold a net 782.85 billion yen ($7.12 billion) of Japanese stocks, including ca
Published 09 Feb, 2020 12:00am

Stocks
Ghana draws strong demand as sells $3 billion in Eurobonds

Ghana drew strong demand for an issue of hard-currency debt, raising $3 billion in a eurobond auction that the government said on Wednesday was five times oversubscribed. It sold $1.25 billion in seven-year bonds at a coupon of 6.375% in Tuesday's sale, a
Published 09 Feb, 2020 12:00am

Stocks
Lebanon struggles over Eurobond decision

Lebanon's cash-strapped authorities are struggling to decide what to do about a $1.2 billion Eurobond maturing in March but are leaning towards repayment for foreign holders and a swap for local investors, political and banking sources said on Tuesday.
Published 09 Feb, 2020 12:00am

Stocks
Thailand's largest IPO braves market, priced near top of range

Thailand's largest retailer, Central Retail Corp, priced its initial public offering (IPO) near the top end of an indicative range, in a deal worth about $2.5 billion, making it the country's largest IPO ever. With the IPO priced on Thursday at 42 baht ($
Published 09 Feb, 2020 12:00am

Stocks
Wall Street drops from record highs, but tally strong weekly gains

Wall Street fell from record levels on Friday after a four-day rally as investors digested the monthly US jobs report and braced for the next coronavirus developments, but stocks still posted solid gains for the week.
Published 09 Feb, 2020 12:00am

Money & Banking
Fed looking into central bank digital coins

The Federal Reserve is looking at a broad range of issues around regulations and protections for digital payments and currencies, including the costs and potential benefits of issuing its own digital currency, Governor Lael Brainard said on Wednesday.
Published 09 Feb, 2020 12:00am

Money & Banking
Speculators lift long dollar bets

Speculators raised their bullish bets on the US dollar for the third straight week, according to calculations by Reuters and Commodity Futures Trading Commission data released on Friday.
Published 09 Feb, 2020 12:00am

Money & Banking
African currencies week ahead: Zambia, Uganda currencies seen bearish, others stable

Zambian and Ugandan currencies are likely to trade on the back foot next week while those of Tanzania, Kenya and Nigeria are expected to hold steady.
Published 09 Feb, 2020 12:00am

Money & Banking
Canadian dollar hits 2-1/2 months low

The Canadian dollar fell to a two-and-a-half month low against the greenback on Friday as the coronavirus outbreak weighed on investor sentiment, offsetting reduced bets for a Bank of Canada interest rate cut after domestic data showed a solid jobs gain.
Published 09 Feb, 2020 12:00am

Money & Banking
Sterling volume boosted to record high; North America turnover drops

Tortuous Brexit negotiations helped send daily trading volumes in Britain's pound to a record high last year, Bank of England data showed on Tuesday.
Published 09 Feb, 2020 12:00am

Money & Banking
Dollar advances to four-month high

The dollar vaulted to a four-month peak against of basket of major currencies on Friday, propelled by a strong US non-farm payrolls report that followed a spate of upbeat economic data this week, a scenario expected to keep interest rates steady.
Published 09 Feb, 2020 12:00am

Commodities
CBOT wheat futures lower on technical selling

Chicago Board of Trade wheat futures declined on Thursday, halting a three-session advance, pressured by technical selling and a stronger dollar that could limit US export prospects, traders said. CBOT March soft red winter wheat settled down 5-3/4 cents
Published 09 Feb, 2020 12:00am

Cotton & Textile
Modest trading activity seen on cotton market

Modest trading activity was seen on the cotton market on Saturday as the ginners were not ready to oblige the buyers on expectations of better profit in days to come, dealers said. The official spot rate was at Rs9100, they added. In the ready session, 60
Published 09 Feb, 2020 12:00am

Commodities
Brazilian beef exports jump on strong Chinese demand

Brazilian beef exports rose by 9.84% in January driven by a surge in sales to China, which faces fallout from a deadly disease that decimated a major portion of its pig population and boosted demand for other meats, trade group Abiec said on Wednesday.
Published 09 Feb, 2020 12:00am

Commodities
EU wheat falls as market assesses brisk exports

Euronext wheat slipped on Thursday as traders weighed up healthy export demand against risks posed by the spreading coronavirus outbreak in China. March milling wheat, the most active contract on Paris-based Euronext settled down 0.75 euros, or 0.4%, at 1
Published 09 Feb, 2020 12:00am

Cricket
New Zealand take ODI series win over India

New Zealand wrapped up the one-day series against India with veteran Ross Taylor and debutant Kyle Jamieson combining to set up a 22-run win in game two in Auckland on Saturday. The pair put on an unbeaten 76-run partnership following a middle-order colla
Published 09 Feb, 2020 12:00am

Cricket
Advertising recall survey to be conducted during PSL 2020

Pulse Consultant, a discerning market research firm of Pakistan, has announced its plan to conduct an ad recall survey during HBL Pakistan Super League 2020. The study will collect information from 10 cities across the country comprising 52 percent of nat
Published 09 Feb, 2020 12:00am

Cricket
Replacement picks finalised for HBL PSL-2020

Eight new players were drafted during the Player Replacement Draft from the six HBL Pakistan Super League (PSL) squad for the upcoming edition, which commences on 20th February.
Published 09 Feb, 2020 12:00am

Cricket
Babar, Shan tons help Pakistan dominate

Sparkling hundreds from Babar Azam and Shan Masood put Pakistan in command against Bangladesh on the second day of the first Test at Rawalpindi on Saturday. Azam scored a career best unbeaten 143 for his third successive hundred in as many Tests - fifth o
Published 09 Feb, 2020 12:00am

Other
Ibrahim, Luqman win Kashmir Solidarity Day KP Squash titles

Ibrahim Zeb and Luqman clinched the title after recording victories against their respective rivals in different age group category of the Yomi Yaqjehti Kashmir Khyber Pakhtunkhwa Junior Squash Championship played here at PAF Hashim Khan Squash Complex on
Published 09 Feb, 2020 12:00am

Other
CNS International Squash Championship culminates

The 14th Chief of the Naval Staff International Squash Championship was conducted at Pakistan Navy Roshan Khan Jahangir Khan Squash Complex, Karachi. Fifteen players carrying international ranking from Egypt, France, Hong Kong, Kuwait, Malaysia and ten na
Published 09 Feb, 2020 12:00am

Other
Khushim Sahiba wins 4th gold in Malam Jaba Skiing

Khushim Sahiba bagged the 4th consecutive gold as the curtains were drawn on the Malam Jabba Ski events on Saturday. After winning the gold in Women's Slalom category of 4th Chief of the Air Karakoram International Alpine Ski Cup last day, she also won th
Published 09 Feb, 2020 12:00am

Other
Kabaddi World Cup 2020 begins in Pakistan

All is set for the 'Kabaddi World Cup 2020' being hosted in three cities Lahore, Faisalabad and Gujrat from February 9 to 16. The grand opening and closing ceremonies of the mega event will be held at Punjab Stadium on February 9 and 16, 2020, respectivel
Published 09 Feb, 2020 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

Markets →

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

No intention to impose fixed tax on solar, Power Division clarifies

NJLI Sarmaya Growth Fund Rates

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

FBR notifies transfers of 12 key officers to Admin Pool

Major shuffle in FBR ahead of budget preparation exercise

Gold price per tola jumps Rs2,500 in Pakistan

WPPs worried about continuous power curtailment

3.2 magnitude earthquake hits parts of Karachi

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

Prices of petrol, diesel likely to be slashed

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

Pakistan misses wheat production target

Operations: KAPCO reluctant to opt for CTBCM

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

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

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

Gold price per tola jumps Rs2,500 in Pakistan

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

Pakistan misses wheat production target

NJLI Sarmaya Growth Fund Rates

Sazgar Engineering Works Limited

Prices of petrol, diesel likely to be slashed

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

Operations: KAPCO reluctant to opt for CTBCM

Gold price per tola jumps Rs2,500 in Pakistan

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

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