News Archives for Print - 2020-08-17

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Print - 2020-08-17

Talks resume on Nile mega-dam

ADDIS ABABA: Talks resumed Sunday over Ethiopia's controversial mega-dam that has long stoked tensions in the Nile...

Updated 17 Aug, 2020 03:45am

Algeria turns to Islamic finance to prop up economy

ALGIERS: Algeria has launched Islamic finance products in a bid to attract money from the informal market, but...

Updated 17 Aug, 2020 03:44am

Four kidnapped Chinese workers freed in Nigeria

WARRI, (Nigeria): Four Chinese workers abducted from a quarry site in southern Nigeria have been freed, police said...

Updated 17 Aug, 2020 03:42am

Trudeau, finance minister clash over green plans, soaring deficit

OTTAWA: A deepening rift between Canadian Prime Minister Justin Trudeau and his finance minister about coronavirus...

Updated 17 Aug, 2020 03:41am

German watchdog launches new Amazon investigation

BERLIN: Germany's anti-trust authority has launched a new investigation into Amazon's relationship with third-party...

Published 17 Aug, 2020 02:32am

Exchange

Abu Dhabi seeks to create national engineering champion

DUBAI: Abu Dhabi is seeking to create a national and regional oil and gas services champion through the combination...

Published 17 Aug, 2020 02:32am

First major cruise line set to depart Genoa for Mediterranean tour

GENOA, (Italy): The first major cruise ship to set sail in the Mediterranean was poised to depart from Genoa on...

Published 17 Aug, 2020 02:32am

Hong Kong's Lam resigns from honorary role at Cambridge college in UK

LONDON/HONG KONG: Hong Kong Chief Executive Carrie Lam has resigned from an honorary fellowship at a college at...

Published 17 Aug, 2020 02:32am

Ariane rocket puts telecom satellites into orbit

PARIS: A rocket that blasted off from French Guiana successfully placed two communications satellites into orbit...

Published 17 Aug, 2020 02:32am

Ship that oozed oil off Mauritius coast splits in two

PORT LOUIS, (Mauritius): A ship that has leaked more than 1,000 tonnes of oil in pristine waters off the coast of...

Published 17 Aug, 2020 02:32am

USA

Donald Trump's younger brother dies

WASHINGTON: Donald Trump's younger brother Robert died on Saturday after being hospitalized for an undisclosed...

Published 17 Aug, 2020 02:32am

Latest Thailand protest draws at least 10,000

BANGKOK: An anti-government protest in Thailand drew more than 10,000 people on Sunday, police said, the largest...

Published 17 Aug, 2020 02:32am

Europe

UK deploys extra navy, air assets to stop Channel migrants

LONDON: British Defence Secretary Ben Wallace said on Sunday additional navy personnel and aircraft were being sent...

Published 17 Aug, 2020 02:32am

AJK PM seeks world's help to resolve Kashmir issue

ISLAMABAD: The Azad Jammu and Kashmir Prime Minister Raja Muhammad Farooq Haider Khan has called upon the...

Published 17 Aug, 2020 02:32am

Around 2 million cases pending in superior, lower judiciary

ISLAMABAD: A data issued by the National Judicial Policy Making Committee (NJPMC) has showcased that more than two...

Published 17 Aug, 2020 02:32am

The Weather

KARACHI: The weather report on Sunday (August 16, 2020) and the forecast for Monday (August 17, 2020)....

Published 17 Aug, 2020 02:32am

Stocks

Futures spread up by 91bps

KARACHI: The futures spread increased by 91bps to 13.91 percent on the last day of the outgoing week. Trading...

Published 17 Aug, 2020 02:32am

Stocks

Stellar bullish trend continues

KARACHI: Pakistan Stock Exchange witnessed bullish trend during the outgoing week ended on August 13, 2020 on the...

Published 17 Aug, 2020 02:32am

TCP amends tenders to facilitate bidders

KARACHI: The Trading Corporation of Pakistan (TCP) has announced amendments to wheat and sugar import tenders to...

Published 17 Aug, 2020 02:32am

Wheat & sugar: PM asks Advisor to ensure early import thru TCP

ISLAMABAD: Prime Minister Imran Khan has reportedly directed Advisor on Commerce Abdul Razak Dawood to ensure early...

Published 17 Aug, 2020 02:32am

PM helped save Rs2,344bn in two years: Shibli

ISLAMABAD: Federal Minister for Information and Broadcasting Shibli Faraz on Sunday claimed that Prime Minister ...

Published 17 Aug, 2020 02:32am

EU urges Turkey to halt gas hunt in east Mediterranean

BRUSSELS: The European Union urged Turkey on Sunday to halt its exploration for gas in a disputed area of the ...

Published 17 Aug, 2020 02:32am

Paris opposes release of Afghans who killed French UN worker, troops

PARIS: France on Saturday officially protested against the release of three men jailed for the murders of French...

Published 17 Aug, 2020 02:32am

KJP may help create 50,000 jobs by the year-end: SAPM

ISLAMABAD: Special Assistant to the Prime Minister (SAPM) on Youth Affairs Muhammad Usman Dar on Sunday said the...

Updated 17 Aug, 2020 02:59am

Toshakhana case: Zardari arrives in Islamabad to appear before AC today

ISLAMABAD: Pakistan People's Party (PPP) co-chairman Asif Ali Zardari landed in Islamabad from Karachi on Sunday as...

Published 17 Aug, 2020 02:32am

Thousands of Canadian govt accounts hacked

TORONTO: Thousands of user accounts for online government services in Canada were recently hacked during cyber...

Updated 17 Aug, 2020 02:53am

Former India Test opener Chauhan dies of coronavirus

NEW DELHI: Former India Test opener Chetan Chauhan, who forged a prolific opening partnership with Sunil Gavaskar,...

Published 17 Aug, 2020 02:32am

Protesters pack Minsk after Russia says military help available

MINSK/MOSCOW: Belarusians chanting "Step down!" filled the centre of the capital Minsk on Sunday in the biggest...

Published 17 Aug, 2020 02:32am

Israel says it expects Bahrain, Oman to follow UAE

OCCUPIED JERUSALEM: Bahrain and Oman could be the next Gulf countries to follow the United Arab Emirates in...

Published 17 Aug, 2020 02:32am

Exchange

UAE, Israel establish direct phone service

DUBAI: The Israeli and UAE foreign ministers inaugurated Sunday direct phone services between the two countries in...

Updated 17 Aug, 2020 02:53am

Israeli and UAE firms join forces in coronavirus research

ABU DHABI: Firms from the United Arab Emirates and Israel have signed an agreement to jointly develop research and...

Updated 17 Aug, 2020 02:54am

Wasim Akram says England 'owe' Pakistan for cricket tour

SOUTHAMPTON, (United Kingdom): Wasim Akram has insisted England "owe" Pakistan for proceeding with their ongoing ...

Published 17 Aug, 2020 02:32am

Congress seeks probe into Facebook's ties with BJP

NEW DELHI: India's main opposition Congress on Sunday called for a parliamentary panel to investigate alleged links...

Published 17 Aug, 2020 02:32am

Letters

Israel-UAE deal

LETTER: That Israel-UAE deal is US President Donald Trump coup is a fact. In other words, Trump has taken a...

Published 17 Aug, 2020 02:32am

Trump grabs spotlight but reclusive Biden leads polls

ARTICLE: Despite being gaffe-prone, getting up in years and barely heading out on the campaign trail, Democrat Joe...

Published 17 Aug, 2020 02:32am

Purposefully but carefully

ARTICLE: It's gone. Defeated. Let's go. Back to normal. These are the statements majority of the Pakistanis are...

Published 17 Aug, 2020 02:32am

Exchange

SBP profits rise and need for caution!

ARTICLE: Pakistan's budgetary financing operations (federal and provincial) July-June 2019-20 were released on...

Published 17 Aug, 2020 02:32am

Commodities

Mixed trend witnessed in prices of essential food items

PESHAWAR: Mixed trend was witnessed in prices of essential food commodities including vegetable, sugar, live...

Published 17 Aug, 2020 02:32am

PPAF, FACE launch first music residency programme

ISLAMABAD: Pakistan Poverty Alleviation Fund (PPAF) and Foundation for Arts, Culture and Education (FACE) launched...

Updated 17 Aug, 2020 02:58am

23rd death anniversary of Nusrat Fateh observed

ISLAMABAD: The 23rd death anniversary of legendary Qawwal' maestro Nusrat Fateh Ali Khan was observed across the...

Updated 17 Aug, 2020 02:56am

Rly conducts annual 'DS Special' from Karachi to Kotri

KARACHI: Divisional Superintendent Pakistan Railways Karachi Arshad Salam Khattak, along with the divisional...

Updated 17 Aug, 2020 03:05am

Covid-19 claims five more lives in Sindh: CM

KARACHI: Five patients of coronavirus lost their lives lifting the death toll to 2,322 and 278 new cases emerged...

Updated 17 Aug, 2020 03:02am

Soviet occupation of Afghanistan and the Kashmir resurrection

TEXT: Excerpts from the book "Avoiding Armageddon: America, India, and Pakistan to the Brink and Back" by Bruce...

Published 17 Aug, 2020 02:32am

Cotton & Textile

WEEKLY COTTON REVIEW: Mixed trend witnessed in int'l markets

KARACHI: The rate of the cotton remained stable. Mixed trend was witnessed in the international cotton markets. ...

Published 17 Aug, 2020 02:32am

Stocks

Alibaba, Xiaomi to join Hang Seng Index

HONG KONG: E-commerce conglomerate Alibaba, handset maker Xiaomi and WuXi Biologics will enter the Hang Seng next...

Published 17 Aug, 2020 02:32am

Stocks

Tel Aviv bourse launches new share market for private tech companies

OCCUPIED JERUSALEM: The Tel Aviv Stock Exchange (TASE) on Sunday launched a secondary market aimed at boosting local...

Published 17 Aug, 2020 02:32am

Stocks

Most Gulf markets gain as Dubai hits five-month high

DUBAI: Most major stock markets in the Middle East ended higher on Sunday, with the Dubai index touching a more than...

Published 17 Aug, 2020 02:32am

Stocks

Covid-19 vaccine developer CureVac shares soar in US debut

NEW YORK: Shares of German biotechnology firm CureVac BV soared as much as 222% after their Nasdaq debut on Friday,...

Published 17 Aug, 2020 02:32am

Stocks

Wall Street week ahead: Biden victory? Disputed election? Wall Street prices in November outcomes

NEW YORK: Investors are girding their portfolios for market moves ahead of the US presidential vote, as election...

Published 17 Aug, 2020 02:32am

Punjab only province where flour available at official rates: Buzdar

LAHORE: Punjab Chief Minister Sardar Usman Buzdar says the provincial government's effective and timely measures...

Updated 17 Aug, 2020 03:02am

US Mission brings American speakers on Covid-19

KARACHI: Esteemed American scientist and global health advocate Dr Peter Hotez will share his insights with ...

Updated 17 Aug, 2020 03:03am

Drama of holding APC flopped prior to stage: Buzdar

LAHORE: Chief Minister Punjab Sardar Usman Buzdar has said that opposition parties have no agenda and opposition...

Updated 17 Aug, 2020 03:02am

Energy

Pakistanis are burdened by high cost of power: Humayun

LAHORE: Availability of reliable and affordable energy is critical for businesses to flourish and citizens to...

Published 17 Aug, 2020 02:32am

Six more patients die of Covid-19: NCOC

ISLAMABAD: Six more patients died of Covid-19 and another 670 person have been tested positive during the past 24...

Updated 17 Aug, 2020 03:02am

Energy

SSGC preparing PC-I to gasify localities falling within 5-KM radius of gasfields

ISLAMABAD: The Sui Southern Gas Company (SSGC) would gasify the localities and villages falling within ...

Published 17 Aug, 2020 02:32am

Islamabad International Airport: PCAA seeks 'comprehensive report' on damage

ISLAMABAD: Pakistan Civil Aviation Authority (PCAA) on Sunday took strong note of the damage caused by recent rains...

Updated 17 Aug, 2020 03:04am

Tenders approved for construction of two roads worth Rs166m: Aleem

LAHORE: Punjab Senior Minister Abdul Aleem Khan said tenders for Zarar Shaheed Road in Cantt and Baja Line Road in...

Updated 17 Aug, 2020 03:01am

Cotton & Textile

PRGMEA seeks exemption of cotton yarn, chemical from taxes

SIALKOT: The International Apparel Federation (IAF) regional president and Pakistan Readymade Garments Manufacturers...

Published 17 Aug, 2020 02:32am

KP CM for timely completion of ongoing hydel projects

PESHAWAR: KP Chief Minister Mahmood Khan has directed the authorities of Energy and Power Department to ensure the...

Updated 17 Aug, 2020 03:01am

Intra-Afghan talks: Qureshi for resolving residual issues

ISLAMABAD: Foreign Minister Shah Mahmood Qureshi on Sunday said collective efforts succeeded in 'advancing Afghan...

Updated 17 Aug, 2020 03:01am

Independence Day: Asim Bajwa releases video of Gwadar

ISLAMABAD: China-Pakistan Economic Corridor (CPEC) Authority Chairman Lieutenant General Asim Saleem Bajwa (retd) ...

Published 17 Aug, 2020 02:32am

Ministry's directive to provinces

ISLAMABAD: Ministry of Climate Change has asked the provinces to increase the women's share in raising plant...

Published 17 Aug, 2020 02:32am

AAJ PROGRAM SCHEDULE

Monday, August 17, 2020 TIMING PROGRAM TITLE 06:00 NEWS HOUR 06:25 HEADLINE NEWS 06:30 NEWS HOUR 06:55 HEADLINE...

Published 17 Aug, 2020 02:32am

Rates.Banks

Returns on Profit and Loss Sharing Investment Bank Accounts (JAN TO JUNE 2020)

KARACHI: Comparative table of returns being given banks on their Profit and Loss Sharing Investment Accounts and ...

Published 17 Aug, 2020 02:32am

Currency

Your rupee last week

KARACHI: Following currency fluctuations took place in foreign exchange rates during the last week. (August 10 to ...

Published 17 Aug, 2020 02:32am

Exchange

Power sector experts welcome govt-IPPs pact

ISLAMABAD: The country's power sector experts have termed revision of Independent Power Producers (IPPs) agreements...

Published 17 Aug, 2020 02:32am

PPP, PTI and MQM-P agree to work towards resolving Karachi issues

KARACHI: A committee on Sunday has been formed under the supervision of Chief Minister of Sindh Murad Ali Shah to...

Published 17 Aug, 2020 02:32am

UAE-Israel deal

EDITORIAL: Discreet contacts between Israel and Gulf Arab states have been going on for quite some time. The United...

Published 17 Aug, 2020 02:32am

SME sector needs greater focus

EDITORIAL: The government has constituted National Coordination Committee on Small and Medium Enterprises (NCC) ...

Published 17 Aug, 2020 02:32am

Exchange

Saudi PIF boosts trading team to back buying strategy

DUBAI: Saudi Arabia's main sovereign wealth fund has boosted its trading team to pursue further an aggressive...

Published 17 Aug, 2020 02:32am

Currency

Brazil real to strengthen

BUENOS AIRES: Brazil's real will likely extend its recent uptrend after a crash earlier this year, supported by...

Published 17 Aug, 2020 02:32am

Exchange

Argentina delays formal bond revamp offer

BUENOS AIRES: Argentina will extend the deadline for its proposed bond restructuring beyond Aug. 24 and plans to...

Published 17 Aug, 2020 02:32am

Currency

Speculators' bearish bets on dollar rise

NEW YORK: Speculators' net bearish bets on the US dollar grew in the latest week to the largest bearish position...

Published 17 Aug, 2020 02:32am

Money & Banking

Hedge funds make $1 billion from bets against travel companies

LONDON: Hedge funds betting against travel stocks this year made profits of $1.01 billion to end-July, and have ...

Published 17 Aug, 2020 02:32am

Currency

Asian bonds attract foreign inflows for second straight month in July

SINGAPORE: Asian bonds recorded a second straight month of foreign inflows in July bolstered by a hunt for higher...

Published 17 Aug, 2020 02:32am

Argentina formalises revised debt offer, extends deal deadline

Exchange

Industry

Amendments in 'Sugar Factories Control Act' rejected

LAHORE: Pakistan Kissan Movement, Secretary General, Hanif Gujjar, has rejected recent amendments in Sugar Factories...

Published 17 Aug, 2020 02:32am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Oct 21	277.82
USD PKR Interbank Buying / Oct 21	277.60
USD to Japanese Yen / Oct 22	150.86
USD to Swiss Franc / Oct 22	0.87
Pound Sterling to USD / Oct 22	1.30
Euro to USD / Oct 22	1.08

Stock	Volume
S&P 500 / Oct 21	5,853.98
Nasdaq / Oct 21	18,540.01
FTSE 100 / Oct 21	8,318.24
Dow Jones / Oct 21	42,931.60
Germany DAX 30 / Oct 21	19,461.19
France CAC40 / Oct 21	7,536.23
India Sensex / Oct 22	80,819.52
Tokyo Nikkei / Oct 22	38,436.98

Item	Value
Gold 10 Grams PKR / Oct 21	242,027
Petrol/Litre / Oct 22	247.03
Crude Oil USD/Barrel / Oct 22	70.33
Karachi Cotton PKR/37.32 KG / Oct 22	18,085
Gold Spot USD/Ounce / Oct 22	2,734.40
Diesel/Litre / Oct 22	251.29

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Oct 22 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Oct 22 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Oct 22 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Oct 22 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Oct 22 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Oct 22 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Oct 22 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Oct 22 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Oct 22 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Oct 22 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Oct 22 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Oct 22 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Oct 22 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Oct 22 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Oct 22 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Oct 22 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Oct 22 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Oct 22 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Oct 22 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Oct 22 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Oct 22 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Oct 22 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Oct 22 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Oct 22 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Oct 22 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Oct 22 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Oct 22 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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