Trends - China - Business Recorder

China

China congratulates Joe Biden, Kamala Harris several days after election

China was among a handful of major countries including Russia and Mexico, which avoided congratulating Biden last week.

Published 13 Nov, 2020 02:38pm

Business & Finance

List of 31 Chinese companies designated by the U.S. as military-backed

The order could impact some of China’s biggest companies. It is designed to deter U.S. investment firms, pension funds and others from buying and selling shares of 31 Chinese companies that were designated by the Defense Department as backed by the Chinese military earlier this year.

Published 13 Nov, 2020 10:16am

World

Hong Kong lawmaker resignations a 'challenge' to authority: China

Carrie Lam on Wednesday was granted the power to turf out any legislator who she deems insufficiently patriotic, without recourse to the city's courts.

Published 12 Nov, 2020 06:03pm

World

UK accuses China of treaty breach in Hong Kong

"China has once again broken its promises and undermined Hong Kong's high degree of autonomy," Foreign Secretary said.

Published 12 Nov, 2020 05:58pm

World

UK to consider sanctions against China for breaching Hong Kong treaty

The British flag was lowered over Hong Kong when the colony was handed back to China in 1997 after more than 150 years of British rule - imposed after Britain defeated China in the First Opium War.

Updated 12 Nov, 2020 06:48pm

World

Hong Kong pro-democracy lawmakers to resign as Beijing moves to quash opposition

The Chinese parliament adopted a resolution earlier in the day allowing the city’s executive to expel legislators deemed to be advocating Hong Kong independence, colluding with foreign forces or threatening national security, without having to go through the courts.

Published 11 Nov, 2020 03:49pm

Business & Finance

Pakistan, China experts discuss CPEC, COVID

Senator Mushahid Hussain Syed termed the Belt and Road Initiative (BRI) as the most important diplomatic and development initiative of the 21st century of which CPEC is a key pillar.

Published 11 Nov, 2020 11:14am

World

U.S. removes East Turkestan Islamic Movement, condemned by China, from terror list

The East Turkestan Islamic Movement (ETIM) was removed from Washington's terror list, US Secretary of State Mike Pompeo announced in a notice posted in the Federal Register.

Published 09 Nov, 2020 03:06pm

Business & Finance

Experts believe Biden Presidency to benefit Pakistan

Akbar added that with the arrival of Biden the US and China are likely to cooperate to end the ongoing coronavirus pandemic, which would prove beneficial for Pakistan.

Published 09 Nov, 2020 02:31pm

Business & Finance

CPEC: China says $25bn invested in Pakistan since project launch

The spokesperson said that the Belt and Road Initiative (BRI) cooperation projects, including the CPEC, are open ones.

Updated 06 Nov, 2020 09:13pm

Pakistan

China rejects India's remarks over Gilgit-Baltistan's provisional provincial status

The Chinese foreign ministry’s spokesperson says it is an issue left over from history between India and Pakistan

Published 05 Nov, 2020 10:33am

Markets

China’s 'digital yuan' moving smoothly with millions of transactions

The PBOC made the decision to issue 10 million yuan ($1.5 million) worth of digital currency to 50,000 people chosen by a lottery in the country's first trial run of its cashless payment system.

Published 03 Nov, 2020 11:11am

World

China pushes domestic economy, tech power in five-year plan

China accounts for a quarter of the planet's greenhouse gases and has relied heavily on coal to spur development.

Published 29 Oct, 2020 05:41pm

Business & Finance

China eyes launch of emissions trading scheme over next five years, official says

Technical problems and concerns over the accuracy and transparency of emissions data have dogged the system, whose first phase, covering the power sector, had been expected to launch this year.

Published 28 Oct, 2020 10:13am

World

US puts China 'aggression' at heart of India talks

US and India signed off on a series of accords including one which will allow the US military to share sensitive satellite and sensor data.

Published 27 Oct, 2020 05:38pm

Markets

India signs key defence deal with US amid China standoff

The deal grants India access to such information that is considered vital for hitting missiles, drones and other targets with precision.

Published 27 Oct, 2020 04:56pm

Business & Finance

Orange Line completion a major outcome of the CPEC, says China

The spokesperson added that China will continue working with Pakistan to advance the building of the CPEC and forge it into a quality demonstration project of the Belt and Road Initiative.

Published 27 Oct, 2020 10:29am

World

Modi has decided date for war with Pakistan, China, claims BJP leader

“Like the decisions on Ram Mandir and Article 370, Prime Minister Narendra Modi has decided when there would be war with Pakistan and China,” he said.

Updated 26 Oct, 2020 11:27am

World

Trump just called India ‘filthy’ in the final US presidential debate

He said the air in India is 'filthy'.

Updated 23 Oct, 2020 10:10am

World

Trump maintained ‘unknown bank account’ in China, paid nearly $200,000 in taxes: NYT

The tax records show the company "paid $188,561 in taxes in China while pursuing licensing deals there from 2013 to 2015," claims the publication.

Published 21 Oct, 2020 02:56pm

World

India says 'no timeframe' for release of Chinese soldier

India and China have poured tens of thousands of troops into the region since the June battle despite several rounds of talks.

Published 20 Oct, 2020 07:30pm

Business & Finance

Stock market boom, new listings mint China billionaires at record pace

The Hurun China Rich List 2020 also highlights China’s accelerated shift away from traditional sectors like manufacturing and real estate, towards e-commerce, fintech and other new economy industries.

Published 20 Oct, 2020 10:29am

World

China dismisses allegations Uighur children being separated from parents

Foreign Ministry Spokesman Zhao Lijian rejected the report and termed it a move by anti-China groups to defame China over its policies in Xinjiang, where most of China’s Muslim Uighur population lives

Updated 19 Oct, 2020 01:44pm

Business & Finance

China says indicators give good reason to believe in sustained recovery

There’s also good reason to be confident about China’s full-year economic growth, Liu Aihua, spokeswoman at the National Bureau of Statistics, told a press briefing after the release of third-quarter gross domestic product.

Published 19 Oct, 2020 10:23am

World

China set to eliminate ‘absolute poverty’ by the end of this year

The number of poor rural residents in the country plunged from 98.99 million in 2012 to 5.51 million by the end of 2019.

Published 18 Oct, 2020 10:05am

Business & Finance

China's economic recovery seen broadening in third-quarter as consumers re-emerge

The world’s second-largest economy is expected to have grown 5.2% in July-September from a year earlier, faster than the second quarter’s 3.2%, according to a Reuters poll.

Published 16 Oct, 2020 10:35am

Pakistan, China creating border disputes "under a mission", says Indian defence minister

Singh inaugurated 44 bridges in seven border states for movement of ration and military equipment to sustain security forces posted in remote areas during winter

Updated 12 Oct, 2020 06:13pm

World

Article 370 to be restored in Indian Occupied Kashmir with China’s help: Farooq Abdullah

He said China never accepted the abrogation of Article 370.

Published 12 Oct, 2020 09:59am

Pakistan

Hong Kong affairs China's internal matter, says Pakistan at UN

Germany has led dozens of countries, including the United States, the United Kingdom and Japan, urging China to respect the rights of its minority Muslim Uighurs, and expressing their concern about the political situation in Hong Kong, in a move that drew a quick and angry response from Beijing.

Published 07 Oct, 2020 04:14pm

World

China leads UN call for US to end 'coercive' sanctions

The statement was signed by China, Russia, North Korea and other countries against which the United States has placed punishing sanctions.

Published 06 Oct, 2020 02:13am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 21	278.50
USD PKR Interbank Buying / May 21	278.30
USD to Japanese Yen / May 21	156.44
USD to Swiss Franc / May 21	0.91
Pound Sterling to USD / May 21	1.27
Euro to USD / May 21	1.09

Stock	Volume
S&P 500 / May 20	5308.13
Nasdaq / May 20	16794.88
Dow Jones / May 20	39806.77
India Sensex / May 21	73830.29
Tokyo Nikkei / May 21	39037.68
Hang Seng / May 21	19234.33
FTSE 100 / May 21	8383.95
Germany DAX 30 / May 21	18702.87

Item	Value
Gold 10 Grams PKR / May 20	214678
Petrol/Litre / May 21	273.10
Crude Oil USD/Barrel / May 21	79.32
Karachi Cotton PKR/37.32 KG / May 21	19935
Gold Spot USD/Ounce / May 21	2414
Diesel/Litre / May 21	274.08

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 21 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 21 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 21 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 21 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 21 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 21 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 21 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 21 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 21 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 21 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 21 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 21 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 21 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 21 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 21 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 21 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 21 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 21 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

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

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