News Archives for Print - 2020-03-08

Print - 2020-03-08

Letters

'Nawaz Sharif's repatriation'

This is apropos a Business Recorder editorial "Nawaz Sharif's repatriation" carried by the newspaper yesterday. I fully endorse newspaper's conclusion; according to which, "One would have thought there were bigger and more important issues for our governm

Published 08 Mar, 2020 12:00am

Articles

China exports plunge on coronavirus epidemic

China's exports plummeted in the first two months of this year on the back of a coronavirus epidemic that forced businesses to suspend operations, disrupting the world's supply chains. Exports fell 17.2 percent from a year ago, the biggest drop since Febr

Published 08 Mar, 2020 12:00am

Articles

Minimal gains for Erdogan in Syria ceasefire deal

President Recep Tayyip Erdogan came home with the Syrian ceasefire he wanted from his meeting with Russia's Vladimir Putin, but the deal leaves key challenges unresolved, not the least the fate of a million displaced civilians still trapped in the warzone

Published 08 Mar, 2020 12:00am

Articles

Antibiotics: precious life savers

Beginning with the discovery of penicillin by Alexander Fleming in the late 1920s, antibiotics have revolutionized the field of medicine. Antibiotics not only have saved millions of lives each year these also alleviated pain and suffering and have even be

Published 08 Mar, 2020 12:00am

Articles

Global trade: Don't miss the bus again

Back in days, the saying was "when the US sneezes, the world catches a cold"; today, coronavirus from China is pushing world economy in a recessionary phase. The economic woes travelled faster across global stock and commodity markets than the Covid-19 it

Published 08 Mar, 2020 12:00am

An unsavoury practice

The National Accountability Bureau (NAB) may have been found wanting again and again in proving allegations of wrongdoing against high profile political personages, but this time it seems to feel that it has a solid case. It has filed a fresh reference ag

Updated 09 Mar, 2020 07:05am

War or peace in Syria?

Both Russia and Turkey have been jointly trying to contain fighting in the Idlib buffer zone and successfully ensuring that the Islamic State's fighters don't return to this Syrian province. But that didn't fit in the Syrian regime's scheme of things. Hav

Updated 09 Mar, 2020 07:05am

PFA launches province-wise crackdown on adulterators of milk

The Punjab Food Authority (PFA) carried out a province-wide operation on Saturday against adulterated milk by placing screening pickets for inspecting the quality of milk. The purpose of the drive was to control the wicked practice of milk adulteration.

Published 08 Mar, 2020 12:00am

Shujaat phones Fazl

Pakistan Muslim League-Quaid (PML-Q) President Chaudhry Shujaat Hussein Saturday telephoned Jamiat Ulema-e-Islam-Fazl (JUI-F) Chief Maulana Fazlur Rehman and exchanged views on the country's current political situation and other matters of mutual interest

Published 08 Mar, 2020 12:00am

Man born to Afghan refugees moves IHC for Pakistan's citizenship

The Islamabad High Court (IHC) has been approached for Pakistan citizenship under Pakistan Citizenship Act, 1951 by a man who was born to Afghan refugee parents. Advocate Umar Gilani on Saturday filed a petition on behalf of Fazal Haq, born to Afghan refu

Published 08 Mar, 2020 12:00am

Country's women won't cow down to intimidation: Bilawal

The Pakistan People's Party (PPP) Chairperson, Bilawal Bhutto-Zardari, said that the women of Pakistan would not cow down to intimidation, and threats from the "agents of the patriarchy and misogyny."

Published 08 Mar, 2020 12:00am

Business & Economy

British HC for doubling Pak-UK trade

British High Commissioner to Pakistan Dr Christian Turner has set out his ambition to double UK-Pakistan trade during a two-day programme in the north of England, said a press release issued on Saturday.

Published 08 Mar, 2020 12:00am

Business & Economy

Smeda to share thematic groups' suggestions with ECDF

Small and Medium Enterprises Development Authority (Smeda) has convened the 3rd meeting of the Economic Cooperation and Development Forum (ECDF) to share recommendations prepared by the six thematic groups on different sectors with the members of the foru

Published 08 Mar, 2020 12:00am

KP declares anti-locust emergency in risk districts

The provincial government of Khyber Pakhtunkhwa has declared anti-locust emergency in seven high risk district of the province and deployed 55 teams for around the clock surveillance and control of locust in these areas. However, no damage has been report

Published 08 Mar, 2020 12:00am

Government yet to honour its financial commitments, says Sherpao

Qaumi Watan Party (QWP) Chairman Aftab Ahmad Khan Sherpao said on Saturday that the government was yet to honour the financial commitments it had made for the development of the merged districts.

Published 08 Mar, 2020 12:00am

Ex-PTI MPA Gul Sahib joins ANP

Former PTI MPA district Karak, Gul Sahib Khattak and his father former District Nazim, Omar Daraz Khattak on Saturday announced joining ANP during a function held at Bacha Khan Markaz. Addressing the joining ceremony, provincial president ANP Khyber Pakht

Published 08 Mar, 2020 12:00am

Carjacking cases on the rise in Capital

Incidents of theft, carjacking and murder have registered an increase in the federal capital during the last week. Over seven cases of car lifting, six cases of theft including robbery, and three cases of murder were reported at various police stations of

Published 08 Mar, 2020 12:00am

Expert terms fisheries sector vital for poverty-alleviation

Renowned national expert on fisheries and aquaculture, Omar Hayat has said that like sectors fisheries also have the potential of employment generation to play major role in the poverty alleviation in the country.

Published 08 Mar, 2020 12:00am

All set at to halt coronavirus at Torkham border: DC

All arrangements have been made at Torkham border to halt coronavirus via western border. This was stated by Deputy Commissioner, Khyber Mehmood Aslam Wazir while examining the facilities provided for preventing of Covid-19 at Torkham border and district

Published 08 Mar, 2020 12:00am

Reap team to visit Australia, Saudi Arabia

Rice Exporters Association of Pakistan (REAP) is visiting Australia and Saudi Arabia to increase exports of Basmati rice from Pakistan to these markets.

Published 08 Mar, 2020 12:00am

Business & Economy

Germany wants to enhance trade ties: envoy

German Ambassador to Pakistan Bernhard Schlagheck has said that Germany wanted to further enhance trade relations with Pakistan and a German delegation is expected to visit Pakistan soon to explore business collaborations.

Published 08 Mar, 2020 12:00am

Government recognises cinema as industry: Dr Firdous

Announcing formation of federal censor board and recognition of cinema as an industry, Special Assistant to the Prime Minister on Information and Broadcasting Dr Firdous Ashiq Awan Saturday said the federal censor board will work in conjunction with the p

Published 08 Mar, 2020 12:00am

Business & Economy

Potential for more trade exists between Thailand, Pakistan: envoy

Consul General of Thailand Thatree Chauvachata has said that Pakistan is one of the important trade partners of Thailand and both countries have capacity to further strengthen mutual trade and economic ties.

Published 08 Mar, 2020 12:00am

Campaign to create awareness about coronavirus begins in Lahore

The Lahore administration has started an awareness campaign on coronavirus preventive measures along with cleanliness and sterilization process in major commercial markets and spots of the provincial capital here on Saturday. In this connection, District

Published 08 Mar, 2020 12:00am

Women's Day: Seminar, nutrition camp held at UAF

The University of Agriculture organized a seminar, nutrition camp and art exhibition on the eve of World Women's Day at New Senate Hall, UAF. The exhibition staged by Faculty of Food Nuttion and Home Sciences depicting their role, problems and their contr

Published 08 Mar, 2020 12:00am

Stage actress shot dead by husband

Pakistani stage actress was gunned down by her husband in Sahiwal after a quarrel on Saturday night. According to a local channel, Roop Chaudhry, a renowned stage actress of Punjab, and her husband engaged in a quarrel as she returned after performing at

Published 08 Mar, 2020 12:00am

USPCAS-E, Jolta Electric sign MoU at NUST

The US-Pakistan Center for Advanced Studies in Energy (USPCAS-E) at the National University of Sciences and Technology (NUST), and Jolta Electric, a designer, developer, manufacturer and assembler of electric vehicle kits in Pakistan, signed a Memorandum

Published 08 Mar, 2020 12:00am

Buzdar, Qureshi discuss political situation

Chief Minister Punjab Sardar Usman Buzdar in a meeting with Foreign Minister Shah Mahmood Qureshi, here Saturday discussed matters concerning the country's political situation and setting up of Southern Punjab Secretariat.

Published 08 Mar, 2020 12:00am

Business & Economy

GSP-plus extension to boost exports by 9.5 percent: Sarwar

Terming extension in the Generalized System of Preferences-Plus (GSP-Plus) status for Pakistan for further two years, Punjab Governor Chaudhry Mohammad Sarwar Saturday said that this extension is the world community's confidence in successful economic pol

Published 08 Mar, 2020 12:00am

No confirmed case of coronavirus in Punjab: PSHD

The Primary and Secondary Healthcare Department (PSHD) on Saturday released the latest statistics about the reported cases of corona virus (COVID-19) in different hospitals of the province.

Published 08 Mar, 2020 12:00am

Aquaculture hold key to improving fish production: FAO

The water scarcity problem is one of the most serious risks facing the world at every level: social, economic, political and environmental. It is already manifesting itself as a problem in parts of the world, emphasizing the need to manage the natural res

Published 08 Mar, 2020 12:00am

Business & Economy

CNIC and GST issues: NA body on finance to furnish recommendations: FCCI chief

Subcommittee of NA standing committee on Finance, Revenue and Economic Affairs will submit its final recommendations regarding CNIC and GST issues during next week, disclosed Rana Muhammad Sikandar-e-Azam Khan, President Faisalabad Chamber of Commerce & I

Published 08 Mar, 2020 12:00am

'Government's failure to take along opposition hurting national interest'

The Pakistan Tehreek-e-Insaf (PTI) government's refusal to engage with the opposition political parties in matters of national importance, particularly on issues pertaining to the economy, is damaging core national interests.

Published 08 Mar, 2020 12:00am

Nawaz's bail: Punjab government decided against extension, IHC informed

The Punjab government has informed the Islamabad High Court (IHC) about rejection of extension in bail of former prime minister Nawaz Sharif.

Published 08 Mar, 2020 12:00am

16 female government employees admit of being BISP beneficiaries

The Federal Investigation Agency (FIA) on Saturday revealed that 16 female government employees have admitted to be benefited from the Benazir Income Support Programme (BISP).

Published 08 Mar, 2020 12:00am

Business & Economy

Pak-Iran border: Trade activities partially resume

Trade activities partially resumed at the Pakistan-Iran border on Saturday after two weeks amid the coronavirus fears. Pakistan had closed its border with Iran at Taftan after more than 120 people were killed and more than 4,500 infected with the novel co

Published 08 Mar, 2020 12:00am

Prices of essential kitchen items witness upward trend

Prices of essential kitchen items have once again started moving up during this past week compared to the week before, a survey carried out by Business Recorder revealed here on Saturday.

Published 08 Mar, 2020 12:00am

Schools to reopen on March 9

Sindh Education Minister Saeed Ghani on Saturday announced to open private and government schools across the province on March 09.

Published 08 Mar, 2020 12:00am

Gold plunges by Rs 1000 per tola

Gold on Saturday fell by Rs 1000 per tola to Rs 94500 in a single day trading on the local market, traders said.

Published 08 Mar, 2020 12:00am

Speakers pay tribute to women entrepreneurs

Speakers on Saturday paid tribute to women entrepreneurs for their contributions in the economic development of the country.

Published 08 Mar, 2020 12:00am

K-Electric to remove illegal, hazardous TV, internet cables

K-Electric has launched a large-scale operation to remove unauthorized and hazardous cable TV and internet wires illegally encroaching on electricity poles throughout the city.

Published 08 Mar, 2020 12:00am

Business & Economy

Karachi industrialists vow to raise issues from KCCI's platform

The Karachi Chamber and all seven industrial town associations have unanimously resolved that Karachi's entire Business & Industrial Community will not remain silent anymore but would surely raise strong voice under KCCI's umbrella to get the common issue

Published 08 Mar, 2020 12:00am

Journalist's murder case: Family recommended names of JIT members: CM

Sindh Chief Minister Syed Murad Ali Shah Saturday assured the journalist community and their associations that the investigation into the murder case of Aziz Memon would be conducted free and fair. "We are keen to dig out the actual cause of his murder an

Published 08 Mar, 2020 12:00am

Int'l Women's Day: Rich tributes paid to working women of Thar

Terming them 'the most resilient and industrious women', Sindh Commission on Status of Women (SCSW) on Saturday celebrated International Women's Day by honoring Thari women working in the industrial sector in Thar.

Published 08 Mar, 2020 12:00am

Schemes worth Rs 1.61 billion launched for KFH's revamping: CM

Sindh Chief Minister Syed Murad Ali Shah Saturday said his government has launched Rs 1.61 billion schemes to rehabilitate Karachi Fish Harbor apart from providing boats and nets to poor fishermen worth Rs 100 million.

Published 08 Mar, 2020 12:00am

Money & Banking

Euro-dollar volatility jumps to 15-month high

The a measure of one-month euro-dollar price swings on Friday hit its highest since November 2018 as coronavirus fears trigger increased volatility across global markets.

Updated 08 Mar, 2020 11:01am

Commodities

European wheat prices little changed

European wheat prices were little changed on Thursday as traders awaited further clues on the impact of the fast-spreading coronavirus on global economic growth and grain demand.

Published 08 Mar, 2020 12:00am

Commodities

CBOT soyabean futures down on virus fears

Chicago Board of Trade soyabean futures closed lower on Thursday, halting a three-session climb, pressured by poor US export data and declines in global equity markets tied to worries about the coronavirus slowing the global economy, traders said.

Published 08 Mar, 2020 12:00am

Other

First Swat snow marathon held at Malam Jabba

The first Swat snow marathon race held at scenic Malam Jabba tourists resort in Swat district on Saturday.

Published 08 Mar, 2020 12:00am

Cricket

Injured Kieron Pollard to miss HBL PSL 2020 matches

All-rounder Kieron Pollard, who is former skipper of West Indies T20 team has been ruled out of the HBL PSL 2020 due to right thigh injury.

Published 08 Mar, 2020 12:00am

Other

Jazz Golf Tournament 2020 concludes

The third and the final leg of the annual Jazz Golf Tournament teed-off, here at the Defence Raya and Golf Country Club on Saturday.

Published 08 Mar, 2020 12:00am

Cricket

FSL cricket tournament begins in Jamrud

Forth edition of Fata Super League (FSL) cricket tournament was inaugurated here in Shahkas, Jamrud on Saturday.

Published 08 Mar, 2020 12:00am

Global Business Economy

Dozens of Swiss companies keen on export channel to Iran

A Swiss channel to export food and medicine to Iran's struggling population without running foul of US sanctions is off to a good start, with dozens of companies keen to take part, a senior government official said on Saturday.

Published 08 Mar, 2020 12:00am

Global Business Economy

Sovereign wealth fund appetite for investing in start-ups wanes

Sovereign wealth fund investment in venture capital deals slipped to its lowest level in six years in 2019, with the drop-off deepening in the months after WeWork's planned share sale failed, data showed on Friday.

Published 08 Mar, 2020 12:00am

Trump names Meadows as fourth chief of staff

US President Donald Trump announced Friday he had chosen staunch ally Mark Meadows to be his new chief of staff - the fourth person to hold the position since he took office.

Published 08 Mar, 2020 12:00am

Hotel collapse traps 70 in eastern China

Around 70 people were trapped after the collapse of a hotel used as a coronavirus quarantine facility in eastern China on Saturday evening, officials said. At least 38 people have so far been rescued from the rubble of the 80-room Xinjia hotel in coastal

Published 08 Mar, 2020 12:00am

Nine killed in Mexico shootout with police

Nine people were killed in a bloody confrontation Friday in western Mexico between a criminal gang and agents investigating a suspected kidnapping, officials said. The dead included two officers and six people believed to have been held captive in a house

Published 08 Mar, 2020 12:00am

UN calls for immediate freeze of military operations in Yemen

UN Special Envoy Martin Griffiths on Saturday called for an immediate end to military action by Yemen's warring parties as renewed violence between the Houthi movement and a Saudi-led coalition threatened peace efforts.

Published 08 Mar, 2020 12:00am

Using certifications to drive progress on gender balance

MD Philip Morris (Pakistan) Limited

Published 08 Mar, 2020 12:00am

Women leading from the front

'We envision a world where every young person gets the opportunity to discover themselves by actively engaging with the natural world.' This is our message to the world. It's a beautiful feeling to contribute something for the women's day and I believe th

Published 08 Mar, 2020 12:00am

A brief history of Hamdard Pakistan

Hamdard established by an accomplished pharmacist and physician of Tibb-i-Unani, Hakim Hafiz Abdul Majeed, in a tiny shop in Delhi in 1906 is among those successful enterprises in South Asia that have had modest beginnings but, within a short span of time

Published 08 Mar, 2020 12:00am

Message from Dow College of Pharmacy, (D.U.H.S)

Women, perceptible an adult female soul but that's not meaningful, it actually personify how one can be so intense to do something bigger, something to compete, something valuable. Today, when women are making tremendous efforts and contributions everywhe

Published 08 Mar, 2020 12:00am

Message from First Female Vice President - ICAP, Chairperson CA Women's Committee

On this International Women's day we continue to hold our strong commitment on which the historic establishment of the CA Women's Committee of ICAP was based upon; Enhancing the role of women in the CA profession, ensure an enabling work environment, prof

Published 08 Mar, 2020 12:00am

Message from Chancellor IQRA University

Women's day is to honor the achievements of women globally. Today's women are confident, self reliant and independent. We must not forget to embrace our strengths as women; we are strong, valiant and have featured to the top with our resilience and intell

Published 08 Mar, 2020 12:00am

TEXT: Message from Managing Director & CEO English Biscuit Manufacturers (Pvt) Limited

To all women. To the mothers and the daughters. To the wives and the sisters. To the sororities who have made the difference. And to half of the global population who contribute every day, in every way, to make the world a little better. This is your day.

Published 08 Mar, 2020 12:00am

Message from Minister for Women Development Sindh

It goes without saying that while successfully fulfilling her traditional roles in family and society, the woman of today has the capacity and the potential to play a greater role economically and socially. As a nation, we must be able to set the stage fo

Published 08 Mar, 2020 12:00am

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (March 7, 2020).

Published 08 Mar, 2020 12:00am

Schedules

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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