News Archives for Print - 2020-08-16

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Print - 2020-08-16

Russia produces first batch of Covid-19 vaccine

MOSCOW: Russia has produced the first batch of its new vaccine for Covid-19, the Interfax news agency quoted the...

Updated 16 Aug, 2020 03:01am

Letters

Balancing act

LETTER: This is apropos a Business Recorder op-ed "Pakistan-Saudi relationship" carried by to newspaper yesterday....

Published 16 Aug, 2020 02:18am

Taliban prisoner release re-opens wounds for victims' families

ARTICLE: The decision to release hundreds of the Taliban's most dangerous prisoners has stirred painful memories for...

Published 16 Aug, 2020 02:18am

Trump losing ground among retirees in must-win Florida

ARTICLE: Jim Farr is a staunch 77-year-old Republican in the sunny southern state of Florida, which lures retirees...

Published 16 Aug, 2020 02:18am

Perception vs Facts: Delayed tariff adjustments for Karachi

ARTICLE: There was a hue and cry in Karachi over the expected notification for an increase in the electricity ...

Published 16 Aug, 2020 02:18am

Energy tariffs: increase the denominator

ARTICLE: Last week, an MoU was signed between the government and 2002 policy IPPs to reduce the latter's guaranteed...

Published 16 Aug, 2020 02:18am

Criminal activities increased in capital last week

ISLAMABAD: The incidents of carjacking, various kinds of theft, kidnapping and murder witnessed an increase in the...

Updated 16 Aug, 2020 02:53am

Private schools reopen in Swat

SWAT: Despite clear directions from the provincial government, private schools have been reopened after a closure of...

Updated 16 Aug, 2020 02:53am

Stocks

Annual AML/CFT Risk Assessment: SECP unveils user guide for brokers, insurance cos, NBFCs

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has issued a user guide for filing online ...

Published 16 Aug, 2020 02:18am

Combating Covid-19: 86 overseas Pakistanis honoured for contribution: FO

ISLAMABAD: As part of his initiative to reach out to overseas Pakistanis, and in the context of 14th August...

Updated 16 Aug, 2020 02:52am

Exchange

PM greets Zaidi for finalising 'Blue Economy' policy

ISLAMABAD: Prime Minister Imran Khan Saturday congratulated the Minister for Maritime Affairs Ali Zaidi and the...

Updated 16 Aug, 2020 02:52am

AMA Scheme: PTA yet to issue commencement certificate to VRG

ISLAMABAD: Pakistan Telecommunication Authority (PTA) has not yet issued a commencement certificate to Virtual...

Updated 16 Aug, 2020 02:54am

Only four new Covid-19 cases reported in capital

ISLAMABAD: The federal capital on Saturday reported only four new Covid-19 cases, the lowest daily figure in the ...

Updated 16 Aug, 2020 02:54am

APHC stages protest demonstration outside Indian high commission

ISLAMABAD: The activists of All Parties Hurriyet Conference (APHC) Azad Jammu and Kashmir on Saturday staged a...

Published 16 Aug, 2020 02:18am

Citizen Protection (Against Online Harm) Rules 2020: Hearing of 'Media Matters for Democracy' official's petition at IHC tomorrow

ISLAMABAD: A...

Published 16 Aug, 2020 02:18am

Sindh CM inaugurates anti-polio drive

KARACHI: Sindh Chief Minister Syed Murad Ali Shah has said polio has been eradicated from the whole world except...

Updated 16 Aug, 2020 02:55am

Hot, humid weather likely

KARACHI: Hot and humid weather is expected in most parts of the country in the next 24 hours, the Met Office said on...

Updated 16 Aug, 2020 02:56am

Energy

SNGPL's shareholders approve annual accounts for FY 2018-19

LAHORE: At the 55th Annual General Meeting of Sui Northern Gas Pipelines Limited (SNGPL), held on Saturday, the...

Published 16 Aug, 2020 02:18am

Exchange

ML-1 project will prove to be a game changer, says Sheikh Rashid

LAHORE: Federal Minister for Railways Sheikh Rashid Ahmad has said that Main Line-1 (ML-1) project will prove to be ...

Published 16 Aug, 2020 02:18am

DC directs for foolproof security during Muharram

HYDERABAD: The Divisional Commissioner (DC) Hyderabad Mohammed Abbas Baloch has directed the Deputy Commissioners,...

Published 16 Aug, 2020 02:18am

No perpetual economic development without national consensus: Kaira

LAHORE: Pakistan Peoples Party (PPP) Punjab President Qamar Zaman Kaira said Saturday no perpetual economic...

Published 16 Aug, 2020 02:18am

Two held for 'stealing' gas for commercial purposes

KARACHI: Sui Southern Gas Company (SSGC) has intensified Operation Girft against gas theft in its franchise area in...

Published 16 Aug, 2020 02:18am

Cotton & Textile

Five zero rated sectors: PTA chairman urges restoration of incentives

KARACHI: Chairman, Pakistan Tanners Association (PTA), Sheikh Afzal Hussain has urged Prime Minister Imran Khan to...

Published 16 Aug, 2020 02:18am

Stakeholders set up Tele-Help to prevent suicides in Thar

HYDERABAD: A multi-stakeholder partnership between various government agencies and non-government organizations on...

Published 16 Aug, 2020 02:18am

NUST urges business community to share problems with universities

ISLAMABAD: The Rector and Pro-Rector (Research, Innovation and Commercialisation) National University of Sciences...

Published 16 Aug, 2020 02:18am

Tahaffuz-e-Bunyad-e-Islam Bill: MYC holds govt responsible for controversy

LAHORE: The Milli Yakjehti Council (MYC) has held the government responsible for the controversy on...

Published 16 Aug, 2020 02:18am

JUI-F not against holding of APC: Fazl

PESHAWAR: Chief of his own faction of the Jamiat Ulema-e-Islam, Maulana Fazlur Rehman, on Saturday said that his...

Published 16 Aug, 2020 02:18am

Exchange

Health minister meets SAPM: Provinces' concerns over PC-1 of nutrition to be addressed: Dr Faisal

LAHORE: Punjab Health Minister Dr Yasmin Rashid in a meeting with Special Advisor to Prime Minister on Health Dr...

Published 16 Aug, 2020 02:18am

Enmities need to be buried for country's progress: Saad

LAHORE: Emphasising the need for a new 'Charter of Democracy' and 'Charter of Economy', Pakistan Muslim League-Nawaz...

Published 16 Aug, 2020 02:18am

Governor, Saudi diplomat discuss bilateral ties

LAHORE: Governor Punjab Chaudhry Mohammad Sarwar in a meeting with Saudi ambassador to Pakistan, Nawaf Bin Saeed...

Published 16 Aug, 2020 02:18am

Filming of video in mosque: Pre-arrest bail granted to actor Saba, singer Bilal

LAHORE: A sessions court on Saturday granted interim pre-arrest bail to actor Saba Qamar and singer Bilal Saeed till...

Published 16 Aug, 2020 02:18am

PARC, RDA to promote cooperation in field of agri-science and technology

ISLAMABAD: A signing ceremony of memorandum of understanding (MoU) was held at Republic of Korea between Pakistan...

Published 16 Aug, 2020 02:18am

Pakistan summons Indian diplomat over ceasefire violations

ISLAMABAD: Pakistan summoned a senior Indian diplomat on Saturday to the Foreign Office and lodged a strong protest...

Published 16 Aug, 2020 02:18am

Queen Elizabeth pays tribute on 75th anniversary of Japan's WW2 defeat

LONDON: Britain's Queen Elizabeth paid tribute to the sacrifice of soldiers on the 75th anniversary of VJ Day, which...

Updated 16 Aug, 2020 02:59am

Several thousand gather in Minsk for new protest

MINSK: Several thousand people gathered in Minsk on Saturday after Belarus's opposition called for more protests ...

Updated 16 Aug, 2020 02:59am

US, Poland urge Lukashenko to engage civil society

WARSAW: The United States and Poland on Saturday appealed for Belarusian President Alexander Lukashenko to engage...

Updated 16 Aug, 2020 03:00am

Belarus strongman says Putin ready to 'help ensure security'

MINSK: President Alexander Lukashenko said Saturday that his Russian counterpart Vladimir Putin has offered full...

Updated 16 Aug, 2020 03:00am

Historic downtown Cairo building collapse injures 5

CAIRO: A listed building in the centre of Egypt's capital partially collapsed injuring five people Saturday, in the...

Updated 16 Aug, 2020 03:03am

Taiwan finalizes $62bn purchase of F-16 jets from Lockheed Martin

WASHINGTON: Taiwan finalized the purchase of F-16 fighter jets from US aircraft manufacturer Lockheed Martin on...

Updated 16 Aug, 2020 03:02am

Grains

CBOT corn prices rise to four-week high

CHICAGO: Chicago corn prices surged to a four-week high on Thursday as forecasts of warmer weather and worries over...

Published 16 Aug, 2020 02:18am

Energy

US natural gas futures higher on hot weather

NEW YORK: US natural gas futures edged higher on Thursday on forecasts for the weather to remain hot and air...

Published 16 Aug, 2020 02:18am

Grains

Euronext wheat up on support from rally in Chicago

PARIS: Euronext spot wheat edged higher on Thursday as spillover support from a rally in Chicago grain futures ...

Published 16 Aug, 2020 02:18am

Cotton & Textile

Cotton Spot Rates

KARACHI: Official KCA spot rates for local dealings in Pakistan rupees on Saturday (August 15, 2020)....

Published 16 Aug, 2020 02:18am

Cotton & Textile

Business remains stable on cotton market

KARACHI: Business remained stable on the local cotton market on Saturday. Market sources told that quality of Phutti...

Published 16 Aug, 2020 02:18am

Commodities

CBOT soyabean hits two-week high

CHICAGO: Chicago Board of Trade soyabean futures hit a two-week high on Thursday on strong export demand, shrugging...

Published 16 Aug, 2020 02:18am

Commodities

China's stainless steel futures jump on strong demand

BEIJING: Stainless steel futures on China's Shanghai Futures Exchange ended higher on Thursday, boosted by firm...

Published 16 Aug, 2020 02:18am

74th Independence Day: Message from Muhammad Sadiq Sanjrani (Chairman of the Senate of Pakistan)

TEXT: "My dear compatriots! I heartily congratulate all Pakistanis on the auspicious occasion of Independence Day, ...

Published 16 Aug, 2020 02:18am

74th Independence Day: Message from Imran Khan (Prime Minister of the Islamic Republic of Pakistan)

TEXT: I congratulate the entire nation on 74th Independence Day. This auspicious occasion is a moment to reaffirm ...

Published 16 Aug, 2020 02:18am

74th Independence Day: Message from Dr. Arif Alvi (President of the Islamic Republic of Pakistan)

TEXT: My dear Countrymen! I wish to extend heartiest felicitations to my fellow countrymen on 74th Independence Day...

Published 16 Aug, 2020 02:18am

The Weather

KARACHI: The weather report on Saturday (August 15, 2020) and the forecast for Sunday (August 16, 2020)....

Updated 16 Aug, 2020 03:02am

Rates.Bullion

Bullion Rates

KARACHI: Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (August 15, 2020)....

Published 16 Aug, 2020 02:18am

Majority of Muslim rulers acting as puppets: JI

LAHORE: Chief of Jamaat-e-Islami (JI) Senator Sirajul Haq has lamented that Muslim world is caught in a downward...

Updated 16 Aug, 2020 02:48am

Covid-19 crisis: Banks defer Rs642bn of clients' payment of principal on loans: IMF

ISLAMABAD: Under the State Bank of Pakistan's temporary regulatory measures, banks have deferred Rs642 billion of...

Updated 16 Aug, 2020 02:48am

Govts asked to discontinue using 'disabled,' other words

ISLAMABAD: The Supreme Court has directed the federal and the provincial governments to discontinue using words...

Updated 16 Aug, 2020 02:50am

RLNG-, coal-fired plants: Rs4.50 per unit cut in power prices likely if pacts reviewed

ISLAMABAD: The electricity prices are expected to be reduced by up to Rs 4.50 per unit, provided agreements with...

Updated 16 Aug, 2020 02:49am

Basic agreement signed with IPPs: govt

ISLAMABAD: Minister for Information and Broadcasting Shibli Faraz on Saturday vowed provision of low-cost...

Updated 16 Aug, 2020 02:48am

Exchange

Iran cries victory after US bid to extend arms embargo flops at UN

TEHRAN: Iran on Saturday hailed a UN Security Council vote rejecting a US bid to extend an arms embargo on the...

Updated 16 Aug, 2020 02:48am

Taxpayers registered with PRAs/AJK tax office: FBR can overrule objections to invoices of services

ISLAMABAD: The Federal Board of Revenue (FBR) can overrule objections raised by its system relating to the invoices...

Updated 16 Aug, 2020 02:49am

US-China trade deal review postponed

WASHINGTON: The United States and China have delayed a review of their Phase 1 trade deal initially slated for...

Updated 16 Aug, 2020 03:04am

Toshakhana reference: Nawaz challenges AC summons

ISLAMABAD: Former prime minister Mian Muhammad Nawaz Sharif has challenged the Accountability Court's summons in the...

Updated 16 Aug, 2020 03:04am

Park Lane case: Accountability court issues charge-sheet against Zardari

ISLAMABAD: The Accountability Court hearing a multi-billion rupees fake bank accounts case has issued charge-sheet...

Updated 16 Aug, 2020 03:07am

Exchange

NBFCs capital adequacy, minimum equity: SECP enjoys authority to specify any requirements

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has the authority to specify any capital...

Updated 16 Aug, 2020 03:04am

Army chief, ISI head to leave for Saudi Arabia today

ISLAMABAD: Chief Army Staff General Qamar Javed Bajwa and Director General Inter-Services Intelligence (ISI)...

Updated 16 Aug, 2020 03:05am

Modi 'warns' China over border tensions

NEW DELHI: India's Prime Minister Narendra Modi issued a new warning to China over deadly border tensions on...

Updated 16 Aug, 2020 03:05am

PSDP funds: Major discrepancy identified between releases, spending

ISLAMABD: A discrepancy of 26 percent has been noted in Public Sector Development Programme (PSDP) releases of Rs...

Updated 16 Aug, 2020 03:06am

Cotton

Cotton sowing area is continuously decreasing: FBP

LAHORE: Pakistan's cotton sowing area is continuously decreasing for the last three years, which reflects loss of...

Updated 16 Aug, 2020 03:06am

Afghan women's rights trailblazer survives gun attack

KABUL: Trailblazing Afghan women's rights campaigner Fawzia Koofi, a member of the negotiating team that will hold...

Published 16 Aug, 2020 02:18am

Bajwa, Bill Gates discuss Covid-19 response

RAWALPINDI: Chief of Army Staff (COAS) General Qamar Javed Bajwa and Co-Chair of the Bill & Melinda Gates...

Published 16 Aug, 2020 02:18am

Zimbabwe govt denies crisis as inflation jumps to 840pc

HARARE: Zimbabwe's annual inflation rate soared to almost 840 percent in July, the statistics agency said Saturday,...

Published 16 Aug, 2020 02:18am

Upgrading of KS&EW infrastructure: Centre to arrange Rs3.778bn through foreign sources

KARACHI: Federal Government will arrange Rs3.778 billion for "Infrastructure Upgradation of Karachi Shipyard &...

Published 16 Aug, 2020 02:18am

Kashmir issue: Mazari criticises FO for 'failed diplomacy'

ISLAMABAD: In an unusual public rebuke over "a failed diplomacy" on Kashmir issue, Minister for Human Rights ...

Published 16 Aug, 2020 02:18am

PIA to run EU operations through Pegasus Airlines

KARACHI: Pakistan International Airlines (PIA) has resumed its UK operation through a European chartered carrier,...

Published 16 Aug, 2020 02:18am

UK in deep recession

EDITORIAL: Things are really looking bleak for the United Kingdom which, after achieving the dubious distinction of...

Published 16 Aug, 2020 02:18am

Lebanon's agony

EDITORIAL: Lebanon's capital Beirut was known in better times as the Paris of the East. That description beggars...

Published 16 Aug, 2020 02:18am

Commodities

Essential commodities prices show mixed trends

ISLAMABAD: Sugar wholesales price has jumped to Rs4,650 per 50kg bag, an increase of Rs100 per 50kg bag within a...

Published 16 Aug, 2020 02:18am

KCCI 2020-21 election: BMG candidates likely to be elected unopposed

KARACHI: Shariq Vohra, Saqib Goodluck and Shamsul Islam are likely to be elected unopposed as president, senior vice...

Updated 16 Aug, 2020 02:50am

Pandemic has increased importance of e-commerce, says FPCCI VP

KARACHI: The Covid-19 pandemic has increased the requirement of e-commerce and digital Pakistan. Vice President of...

Updated 16 Aug, 2020 02:51am

Industry

GIDC may have adverse impact on industries, apprehends PCMA chief

KARACHI: Ahmed Chinoy, Chairman of Pakistan Cloth Merchants Association (PCMA) said the textile industries and other...

Published 16 Aug, 2020 02:18am

Industry

Automart: car prices in Karachi

KARACHI: The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (August...

Published 16 Aug, 2020 02:18am

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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