News Archives for Print - 2020-10-17

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Print - 2020-10-17

Turkey tests Russian defence systems

ISTANBUL: Turkey carried out the first test on Friday of a highly-advanced Russian air defense system whose purchase...

Published 17 Oct, 2020 03:08am

Letters

Challenge of price hike

It is heartening to note that at least one member of the federal cabinet has conceded the fact that there has been...

Published 17 Oct, 2020 03:08am

Currency

Who has more in the tank? Currency markets sharpen focus on debt and deficits

Bond markets have taken in their stride the trillions of dollars in pandemic spending by governments, but investors...

Published 17 Oct, 2020 03:08am

Dubai gets ready to go kosher after Israel peace deal

At the plush Armani hotel in the shadow of the Burj Khalifa, the world's tallest tower, a rabbi switches on the...

Published 17 Oct, 2020 03:08am

Economic satire: episode - I

In a library with wall to wall shelves stacked with books, the four gentlemen sat on vintage wingback chairs around...

Published 17 Oct, 2020 03:08am

Power sector in turmoil

Chairing a meeting on energy reforms a few days ago, prime minister Imran Khan expressed his grave concern over the...

Published 17 Oct, 2020 03:08am

Senate to take up important legislation in its 304th session

ISLAMABAD: The House Business Advisory Committee of the Senate Friday decided that the Upper House in its 304th...

Published 17 Oct, 2020 03:08am

Role of village women in confronting natural calamities lauded

HYDERABAD: Women farmers, water activists and people from academia have lauded the role of village women, who are at...

Updated 17 Oct, 2020 09:11pm

Indian spies convicted by military courts: IHC judge refers cases to CJP

ISLAMABAD: The Islamabad High Court (IHC) judge, Mohsin Akhtar Kayani, on Friday, referred the release of four ...

Published 17 Oct, 2020 03:08am

Qureshi, Saudi minister discuss cooperation

ISLAMABAD: Foreign Minister Makhdoom Shah Mahmood Qureshi held a video call with Minister of Communications and...

Published 17 Oct, 2020 03:08am

PARTLY FACETIOUS: Nawaz is no eye candy

"It's all about optics." "Indeed politics is about optics so which party's optics did the general public favour ...

Published 17 Oct, 2020 03:08am

New 638 Covid-19 cases reported nationwide

ISLAMABAD: The number of countrywide Covid-19 cases has reached 322,417 with 6,628 deaths and 305,835 recoveries, ...

Published 17 Oct, 2020 03:08am

SHC restrains authorities from conducting MDCAT

KARACHI: The Sindh High Court (SHC) on Friday restrained the authorities concerned from conducting medical and ...

Published 17 Oct, 2020 03:08am

Rates.Ports

Activities of Karachi Port and Port Qasim

KARACHI: The Karachi Port handled 127,817 tonnes of cargo comprising 98,941 tonnes of import cargo and 28,876 tonnes...

Published 17 Oct, 2020 03:08am

Tech glitch takes Twitter offline

SAN FRANCISCO: Twitter went offline for almost two hours on Thursday, in an outage that the social media platform -...

Published 17 Oct, 2020 03:08am

White House calls Putin proposal on nuclear treaty 'non-starter'

WASHINGTON: The United States on Friday rejected Russian President Vladimir Putin's proposal to extend the New START...

Published 17 Oct, 2020 03:08am

Asia

Thailand issues emergency decree, nationwide restrictions on press

Bangkok: The Thai government should immediately drop its emergency decree restricting the ability of the press to...

Published 17 Oct, 2020 03:08am

Europe

Fastest-ever growth in global virus cases as Europe tightens screws

PARIS: Fresh restrictions loomed for millions of Europeans at the weekend after the highest-ever worldwide number of...

Published 17 Oct, 2020 03:08am

Europe

Sarkozy charged with 'conspiracy' over Libyan financing

PARIS: French prosecutors said Friday that they had slapped criminal conspiracy charges on former president Nicolas...

Published 17 Oct, 2020 03:08am

Currency

UK ready to walk away without 'fundamental change' from EU

LONDON: Britain said on Friday there was no point in holding any more Brexit talks without a dramatic softening of...

Published 17 Oct, 2020 03:08am

APCAA raises issues related to customs reforms

KARACHI: All Pakistan Customs Agents Association (APCAA) has raised issues related to customs reforms during the...

Published 17 Oct, 2020 03:08am

Businesses remain closed in Karachi

KARACHI: Business and commercial activities remained widely closed in the city on Friday in the wake of a strike...

Published 17 Oct, 2020 03:08am

LHC informed: Opposition parties' workers not arrested

LAHORE: The Lahore High Court on Friday disposed of some identical petitions of PML-N workers after Advocate General...

Published 17 Oct, 2020 03:08am

Fire breaks out at two factories in Landhi

KARACHI: A fire engulfed two factories in Landhi's Export Processing Zone in Sherpao Colony of the metropolis early...

Published 17 Oct, 2020 03:08am

PQA clarification

KARACHI: PQA clarifies that on 14th of October 2020, an anti-encroachment drive was conducted by Sindh government...

Published 17 Oct, 2020 03:08am

Quality food for citizens: Buzdar inaugurates five new initiatives

LAHORE: Inaugurating the five new initiatives of providing quality food to the citizens, Chief Minister Sardar Usman...

Published 17 Oct, 2020 03:08am

IGP appoints 'disobedient' CIA SP as Traffic Headquarters SP

LAHORE: A few days after showing "disobedience" and having a "heated argument" with Capital City Police Officer...

Published 17 Oct, 2020 03:08am

Ban imposed on burning of crop residue, smoke-emitting vehicles

LAHORE: The Relief Commissioner Punjab has imposed complete ban with immediate effect on burning of any type of crop...

Published 17 Oct, 2020 03:08am

All public sector varsities: APUASA to observe Black Day on 19th

LAHORE: The Federation of All Pakistan Universities Academic Staff Associations (FAPUASA) has announced Black Day in...

Published 17 Oct, 2020 03:08am

TEVTA launches online Procurement Management System

LAHORE: Technical & Vocational Training Authority (TEVTA) strides towards digital transformation with the launch...

Published 17 Oct, 2020 03:08am

Aleem Khan tests positive

LAHORE: With as many as 2016 active cases of Covid-19 in the province, 130 fresh corona cases and two deaths have...

Published 17 Oct, 2020 03:08am

Pakistan looking for ways to enhance investments from Hungary: envoy

LAHORE: With a view to further promote Pakistan-Hungary bilateral trade, the Embassy of Pakistan in Budapest is on...

Published 17 Oct, 2020 03:08am

Maryam sees success of 'just struggle' soon

LAHORE: Pakistan Muslim League-Nawaz (PML-N) Vice President Maryam Nawaz said on Friday that the opposition were...

Published 17 Oct, 2020 03:08am

Tiger Force convention: Preparations underway: SAPM

ISLAMABAD: Special Assistant to Prime Minister (SAPM) for Youth Affairs Usman Dar on Friday said preparations were...

Published 17 Oct, 2020 03:08am

Opposition chants anti-govt slogans during NA session

ISLAMABAD: The National Assembly session on Friday got off to a noisy start with opposition lawmakers chanting...

Published 17 Oct, 2020 03:08am

LHWs continue protest for third consecutive day

ISLAMABAD: The lady health workers (LHWs) continued their protest for the third consecutive day here at the D-Chowk...

Published 17 Oct, 2020 03:08am

Fine on Qatar Airways for violating SOPs

ISLAMABAD: The Pakistan Civil Aviation Authority (PCAA) has imposed a fine of Rs 100,000 on the Qatar Airlines for...

Published 17 Oct, 2020 03:08am

Pink Residency case: AC records statement of prosecution witness

ISLAMABAD: The Accountability Court hearing multi-billion rupees fake bank accounts case, on Friday, recorded the...

Published 17 Oct, 2020 03:08am

Baloch students: HEC asks provinces to earmark special allocations

ISLAMABAD: The Higher Education Commission (HEC) has formally asked the provinces to earmark special allocations for...

Published 17 Oct, 2020 03:08am

Currency

Various projects of NHA: AGP finds irregularities worth around Rs 70 billion

ISLAMABAD: The Auditor General of Pakistan (AGP) has found irregularities worth around Rs70 billion in the various...

Published 17 Oct, 2020 03:08am

Yarn Prices

Karachi Yarn Market Rate

KARACHI: Karachi Yarn Market Rates on Thursday (October 15, 2020). ======================================= CONES...

Published 17 Oct, 2020 03:08am

The Weather

KARACHI: The weather report on Friday (October 16, 2020) and the forecast for Saturday (October 17, 2020)....

Published 17 Oct, 2020 03:08am

Exchange

LME official prices

LONDON: The following were Thursday official prices....

Published 17 Oct, 2020 03:08am

Currency

THE RUPEE: Gains extend

KARACHI: On Friday, on market close, PKR again showed gain in value against USD in both interbank and open markets....

Published 17 Oct, 2020 03:08am

Rates

Revised Rates of Debt Securities

KARACHI: The following were the revised rates of debt securities on Friday (October 16, 2020)....

Published 17 Oct, 2020 03:08am

Rates

Cross Transactions between Client to Client & Financial Institutions

KARACHI: The following were the cross transactions between client to client & financial institutions here on...

Published 17 Oct, 2020 03:08am

Rates

Member to Member

KARACHI: The following transactions member to member subsequently reported on Friday (October 16, 2020)....

Published 17 Oct, 2020 03:08am

Stocks

NATIONAL CLEARING COMPANY OF PAKISTAN LIMITED (NCCPL)

KARACHI: National Clearing Company declares daily settlement information for local & foreign investors on Friday...

Published 17 Oct, 2020 03:08am

Exchange

BOARD MEETINGS

KARACHI: Board Meetings of Companies listed on the Pakistan Stock Exchange....

Published 17 Oct, 2020 03:08am

Stocks

Last date of renunciation/payment

KARACHI: Last dates of renunciation/payment....

Published 17 Oct, 2020 03:08am

Exchange

Proposed right issues

KARACHI: Right issues proposed by companies listed on Pakistan Stock Exchange....

Published 17 Oct, 2020 03:08am

Exchange

Clearing Schedule for T+2 System

KARACHI: Pakistan Stock Exchange's Clearing Schedule for T+2 System....

Published 17 Oct, 2020 03:08am

Stocks

Dates of Closure of Books & Annual General Meetings

KARACHI: Dates of Closure of Books and holding of Ordinary and Extra-Ordinary General Meetings of companies listed ...

Published 17 Oct, 2020 03:08am

Rates.JLI

JLI CAPITAL GROWTH TAKAFUL FUND

KARACHI: JLI Capital Growth Takaful Fund Rates on Friday (October 16, 2020). ======================== Offer ...

Published 17 Oct, 2020 03:08am

Rates.JLI

JLI MEESEQ Fund Rates

KARACHI: JLI Meeseq Fund Rates on Friday (October 16, 2020). ======================== Offer Price 1,153.5915 Bid...

Published 17 Oct, 2020 03:08am

Rates.JLI

JLI Capital Growth Fund Rates

KARACHI: Jubilee Life Insurance Capital Growth Fund Rates on Friday (October 16, 2020). ========================...

Published 17 Oct, 2020 03:08am

Rates.KIBOR

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Friday (October 16, 2020). ========================== KIBOR...

Published 17 Oct, 2020 03:08am

Libor

LIBOR interbank offered rates

LONDON: London Interbank Offered Rates (LIBOR) on Friday (October 16, 2020)....

Published 17 Oct, 2020 03:08am

Currency

Bill buying rates per unit of currency

KARACHI: Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank ...

Published 17 Oct, 2020 03:08am

Libor

LIBOR calculating interest on US dollar

KARACHI: London Interbank Offer Rates on for calculating interest on special US dollar on Friday (October 16, ...

Published 17 Oct, 2020 03:08am

Currency

State Bank of Pakistan conversion rates

KARACHI: Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates,...

Published 17 Oct, 2020 03:08am

European traders confirm TCP has bought wheat

HAMBURG: A government agency is believed to have bought about 340,000 tonnes of wheat in an international tender ...

Published 17 Oct, 2020 03:08am

Exchange

PSX up in volatile trade: BRIndex100 retreats

KARACHI: Pakistan Stock Exchange Friday witnessed a mixed trend however closed on a positive note on the back of...

Published 17 Oct, 2020 03:08am

Currency

SBP amends exchange companies manual

KARACHI: The State Bank of Pakistan (SBP) has amended exchange companies manual by incorporating references related...

Published 17 Oct, 2020 03:08am

Floating-rate PIBs: SBP amends instructions

KARACHI: The State Bank of Pakistan (SBP) on Friday amended instructions regarding Floating Rate Pakistan Investment...

Published 17 Oct, 2020 03:08am

Construction of dams: NA body seeks details of SC investment

ISLAMABAD: National Assembly Standing Committee on Water Resources has sought details of financial institutions ...

Published 17 Oct, 2020 03:08am

SPI up 0.45 percent WoW

ISLAMABAD: The Sensitive Price Indicator (SPI) for the week ended October 15, 2020 recorded an increase of 0.45...

Published 17 Oct, 2020 03:08am

Crushing season 2020-21: Sugarcane price fixed at Rs200 per 40kg: Dawood

ISLAMABAD: Prime Minister's Advisor on Commerce and Investment, Abdul Razak Dawood Friday said the government has...

Published 17 Oct, 2020 03:08am

FDI down 24 percent in Q1FY21

KARACHI: Foreign Direct Investment (FDI) declined by 24 percent during the first quarter of this fiscal year (FY21)....

Published 17 Oct, 2020 03:08am

OPEC+ fears second virus wave could lead to oil surplus in 2021

MOSCOW: OPEC and its allies fear a prolonged second wave of the COVID-19 pandemic and a jump in Libyan output could...

Published 17 Oct, 2020 03:08am

LSMI output decreases 6.78 percent in August

ISLAMABAD: The Large Scale Manufacturing Industries (LSMI) output decreased by 6.78 percent in August 2020 compared...

Published 17 Oct, 2020 03:08am

PTI lawmakers criticise ministers, advisers for 'poor' govt performance

ISLAMABAD: In a stormy session of the ruling Pakistan Tehreek-e-Insaf's (PTI's) parliamentary committee chaired by...

Published 17 Oct, 2020 03:08am

Opposition starts anti-govt drive

LAHORE: Supporters of opposition parties converged on a stadium in the city of Gujwanwala on Friday to begin a...

Published 17 Oct, 2020 03:08am

Currency

PM opens first local cardiac stent-making facility

ISLAMABAD: Prime Minister Imran Khan has inaugurated the first-ever facility to produce cardiac stents, N-Ovative...

Published 17 Oct, 2020 03:08am

Exchange

SHC bars FBR from imposing penalty on salaried individual

ISLAMABAD: The Sindh High Court (SHC) has barred the Federal Board of Revenue (FBR) from imposing huge penalty (two...

Published 17 Oct, 2020 03:08am

Tariff differential: MoF urged to release half of subsidy's amount

ISLAMABAD: The Power Division has requested the Finance Ministry to release half of the tariff differential ...

Published 17 Oct, 2020 03:08am

Exchange

No change in motor spirit price announced

ISLAMABAD: The federal government announced no change in motor spirit (MS) price after increasing the Petroleum Levy...

Published 17 Oct, 2020 03:08am

HBL declares Rs 25.3 billion PAT for first 9 months of 2020

KARACHI: Habib Bank Limited (HBL) has declared a consolidated profit after tax of Rs 25.3 billion for first nine...

Published 17 Oct, 2020 03:08am

Hafeez, Sarwar discuss state of economy

LAHORE: Advisor for Finance, Abdul Hafeez Sheikh in a meeting with Punjab Governor Chaudhry Mohammad Sarwar Friday...

Published 17 Oct, 2020 03:08am

Pasha explains how he looks at Rs1.1trn Karachi package

KARACHI: Former federal minister for finance and economic affairs Dr Hafeez Pasha has doubted the feasibility of...

Published 17 Oct, 2020 03:08am

FBR, BoRP sign MoU on data sharing

ISLAMABAD: In line with the vision of the Prime Minister to improve transparency in the tax collection system, the...

Published 17 Oct, 2020 03:08am

Funeral prayers of 14 security personnel offered in Hub

LASBELA: The funeral prayers of fourteen security personnel, who were martyred at Coastal Highway Ormara, were...

Published 17 Oct, 2020 03:08am

Well-deserved peace prize for WFP

How refreshing to see the Nobel Peace Prize going to the United Nations World Food Program (WFP). The Norwegian ...

Published 17 Oct, 2020 03:08am

The coronavirus resurgence

Planning and Development Minister Asad Umar's concern over the rising number of Covid-19 cases in the country, and...

Published 17 Oct, 2020 03:08am

Grains

London cocoa hits 1-1/2 months low

LONDON: ICE London cocoa hit a 1-1/2 months low on Friday as traders digested data showing plunging demand for the...

Published 17 Oct, 2020 03:08am

Cotton & Textile

New York cotton

NEW YORK: The following were the fluctuations observed during the day:...

Published 17 Oct, 2020 03:08am

Cotton & Textile

Cotton scales over 8-month peak

NEW YORK: ICE cotton futures jumped to their highest in more than eight months on Friday, as the dollar weakened and...

Published 17 Oct, 2020 03:08am

Commodities

Aluminium rises to 17-month high

• Copper stocks rise, weighing on prices LONDON: Aluminium prices hit 17-month highs on Friday as robust demand...

Published 17 Oct, 2020 03:08am

Commodities

Palm oil clocks 1.4 percent weekly fall

KUALA LUMPUR: Malaysian palm oil futures steadied on Friday, buoyed by supply concerns, but logged a weekly loss of...

Published 17 Oct, 2020 03:08am

Commodities

Gold set for weekly decline in NY

NEW YORK: Gold prices fell early on Friday on the way to the first weekly decline in three as fading chances of a US...

Published 17 Oct, 2020 03:08am

Energy

Oil prices edge lower

NEW YORK: Oil prices edged lower on Friday, dragged down by concerns that a spike in Covid-19 cases in the United...

Published 17 Oct, 2020 03:08am

Commodities

PMEX daily trading report

KARACHI: On Thursday, at PMEX the traded value of metals, energy, COTS/FX and indices was recorded at PKR 7.741...

Published 17 Oct, 2020 03:08am

Grains

Vietnamese rice export prices up

HANOI: Vietnamese rice export prices rose this week on prospects of a new order from the Philippines, while weaker...

Published 17 Oct, 2020 03:08am

Cotton & Textile

Cotton prices touch at 10-year high of Rs10200

KARACHI: The local cotton market remained stable on Friday. Market sources told that due to increase in the rate of...

Published 17 Oct, 2020 03:08am

Energy

Norwegian Scatec Solar buys hydropower firm for $1.2 billion

OSLO: Norwegian solar power producer Scatec Solar announced Friday it would acquire compatriot hydropower firm SN...

Published 17 Oct, 2020 03:08am

Energy

Philippines lifts ban on oil and gas exploration in South China Sea

MANILA: The Philippines has lifted a moratorium on oil and gas exploration in the disputed South China Sea, which ...

Published 17 Oct, 2020 03:08am

Money & Banking

BOP President inaugurates facilitation booth at LCCI

LAHORE: The Bank of Punjab has extended its Person to Government (P2G) services to Lahore Chamber of Commerce and...

Published 17 Oct, 2020 03:08am

Money & Banking

CNIC transactions: UPaisa reduces charges for 'Mobile Wallet'

ISLAMABAD: To make access to financial services easier and ensure convenience of customers, UPaisa has reduced its...

Published 17 Oct, 2020 03:08am

Aaj TV - Saturday's Program schedule

All timings are in PST (Pakistan Standard Time). 06:00 NEWS HOUR 06:25 HEADLINE NEWS 06:30 NEWS HOUR 06:55 HEADLINE...

Published 17 Oct, 2020 03:08am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Friday (October 16, 2020). ======================== Bid Rate ...

Published 17 Oct, 2020 03:08am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 19	278.45
USD PKR Interbank Buying / Apr 19	278.15
USD to Japanese Yen / Apr 19	154.64
USD to Swiss Franc / Apr 19	0.91
Pound Sterling to USD / Apr 19	1.24
Euro to USD / Apr 19	1.07

Stock	Volume
S&P 500 / Apr 19	4967.23
India Sensex / Apr 19	73088.33
Tokyo Nikkei / Apr 19	37068.35
Nasdaq / Apr 19	15282.01
Hang Seng / Apr 19	16224.14
FTSE 100 / Apr 19	7895.85
Dow Jones / Apr 19	37986.40
Germany DAX 30 / Apr 19	17737.36

Item	Value
Crude Oil USD/Barrel / Apr 19	83.14
Karachi Cotton PKR/37.32 KG / Apr 19	21035
Gold 10 Grams PKR / Apr 19	214935
Gold Spot USD/Ounce / Apr 19	2391.93
Cotton US¢/pound / Apr 19	81.02
Petrol/Litre / Apr 20	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 20 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 20 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 20 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 20 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 20 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 20 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 20 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 20 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 20 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 20 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 20 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 20 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 20 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 20 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 20 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 20 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 20 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 20 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 20 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 20 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 20 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 20 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 20 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 20 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 20 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 20 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 20 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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