Trends - Turkey - Business Recorder

Turkey

Turkish cult leader sentenced to 1,000 years in prison

Oktar is popularly known as Harun Yahyah.
The 64-year-old, who owns a TV channel, was arrested in 2018 along with 200 collaborators following allegations of sexual abuse and kidnapping of minors.

Published 12 Jan, 2021 04:46pm

Pakistan

Turkish FM to arrive in Pakistan today

This will be his third visit during the last two and half years.
Turkish Foreign Minister Mevlut Cavusoglu will also call on Prime Minister Imran Khan and President Dr. Arif Alvi.

Published 12 Jan, 2021 11:33am

World

Turkey, Greece to resume talks on maritime disputes on Jan. 25, Ankara says

Both Ankara and Athens said earlier on Monday they were willing to resume the exploratory talks, which were suspended in 2016, after 60 rounds of talks in 14 years.

Updated 12 Jan, 2021 12:02am

Pakistan

Turkish FM arrives tomorrow on three-day official visit: FO

SEF, signed at 6th Session of HLSCC, has 71 action points for deeper cooperation between the two countries in diverse fields.

Published 11 Jan, 2021 08:28pm

World

Turkey probes WhatsApp-Facebook data sharing

Technology experts note that WhatsApp's new requirement of its users makes legally binding a policy that has been widely in use since 2016.

Published 11 Jan, 2021 07:33pm

World

Turkey invites Greece to maritime dispute talks

Turkey and Greece then staged rival military exercises with regional partners and saw two of their gun boats collide in August.

Published 11 Jan, 2021 07:19pm

Pakistan

Turkish FM to visit Pakistan on January 12: FO

Cavusoglu will hold bilateral talks with Foreign Minister Shah Mahmood Qureshi and call on the Prime Minister Imran Khan and President Arif Alvi during the visit.
The visit is part of regular high-level exchanges between the two countries, read the FO statement.

Updated 11 Jan, 2021 06:07pm

World

Turkey reports 12,171 new coronavirus cases, 194 deaths

It reported 194 related fatalities over the same period, raising the total death toll so far to 22,264.

Published 07 Jan, 2021 09:45pm

Business & Finance

USTR slams India, Italy, Turkey on digital taxes but holds off on tariffs

The probes are among several still open USTR Section 301 investigations that could lead to tariffs before President Donald Trump leaves office or early in the administration of President-elect Joe Biden. Among these is a more advanced probe into France’s digital services tax.

Published 07 Jan, 2021 09:54am

World

Istanbul police detain 17 after student protests

The police accuse the 28 suspects of violating a law on demonstrations and marches, and "resisting an officer on duty".

Published 05 Jan, 2021 05:35pm

Markets

Turkish inflation up more than expected to 14.6%

Agbal said last month policy will remain tight in 2021 to finally lower inflation in a lasting way and hit a target of 5% by 2023. The bank forecasts 9.4% inflation by the end of 2021, lower than most analysts.

Published 04 Jan, 2021 01:28pm

World

Turkey dismisses fears of Uighur deportations to China

Ankara has not yet ratified the agreement, but its approval in Beijing has put Turkey's estimated 50,000-strong Uighur community on edge.

Published 30 Dec, 2020 08:44pm

World

Turkey extends lay-off ban by two months

President Tayyip Erdogan has the authority to extend it by at most three months each time until June 30, 2021.

Published 30 Dec, 2020 12:34pm

World

UK and Turkey sign £18 bn post-Brexit trade deal

The British government called the deal with Turkey a "major win for UK automotive, manufacturing and steel industries".

Published 29 Dec, 2020 07:53pm

World

Turkey, UK to sign free trade deal this week -Erdogan

The trading relationship was worth 18.6 billion pounds ($25.25 billion) in 2019.

Published 29 Dec, 2020 09:25am

Markets

Turkish lira firms to strongest level since September

The lira firmed to 7.4950 in thin trade due to end of year holidays.

Published 28 Dec, 2020 03:33pm

Business & Finance

Britain says it will sign free trade deal with Turkey this week

"We now look forward to working with Turkey towards an ambitious tailor-made UK-Turkey trade agreement in the near future."

Published 28 Dec, 2020 10:48am

World

Turkey says will retaliate against any attack by east Libya strongman

The two sides struck a ceasefire agreement in October, setting the stage for elections at the end of next year.

Published 27 Dec, 2020 06:11pm

World

Erdogan says Turkey wants better ties with Israel, talks continue

“The Palestine policy is our red line. It is impossible for us to accept Israel’s Palestine policies. Their merciless acts there are unacceptable,” says Erdogan.
Turkey and Israel, former allies, expelled each other’s top diplomats in 2018 over clashes when dozens of Palestinians were killed by Israeli forces on the Gaza border.

Published 25 Dec, 2020 04:42pm

Boosting trade: Istanbul-Tehran-Islamabad train to commence operation next year

The ITI framework was launched in 2009 and exists as a project under the Economic Cooperation Organization
The rail route covers a total distance of 6,500 kilometers and is cost and time efficient

Published 21 Dec, 2020 11:37am

Business & Finance

Istanbul-Tehran-Islamabad Railway to Resume Operations in 2021

The Istanbul-Tehran-Islamabad (ITI) railway is expected to resume operations in 2021, according to Adil Karaismailoglu, Turkey's Minister of Transport and Infrastructure.

Published 18 Dec, 2020 05:21pm

World

Turkey says will not turn back on Russian S-400S purchase despite sanctions

Turkey will not turn back on its purchase of Russian S-400 missile defence systems and will take reciprocal steps after evaluating U.S. sanctions imposed over the acquisition.
President Tayyip Erdogan said on Wednesday the sanctions were a “hostile attack” against Turkey’s defence industry, and they were bound to fail.

Published 17 Dec, 2020 05:05pm

Pakistan

Pakistan expresses concern over US sanctions, reiterates supports to Turkey

According to spokesperson Pakistan acknowledged and appreciated Turkey’s invaluable role towards regional and international peace and stability.

Published 17 Dec, 2020 12:46am

World

US imposes sanctions on Turkey for purchasing Russian S-400 missile system

As of today, the United States is imposing sanctions on the Republic of Turkey's Presidency of Defense Industries (SSB), under the auspices of the "Countering America's Adversaries Through Sanctions Act" (CAATSA).
These sanctions are predicated on Turkey's main defense procurement entity knowingly engaging in a significant transaction with Rosoboronexport (ROE), Russia’s main arms export body, by procuring the S-400 surface-to-air missile system.

Updated 15 Dec, 2020 01:42pm

World

Turkey condemns US sanctions, says could retaliate

Earlier on Monday the United States acted on its long-threatened move and imposed sanctions on the top Turkish defense development body, its president and three employees.

Published 15 Dec, 2020 08:52am

World

Moscow condemns US sanctions on Turkey over Russian missile purchases

Turkey's foreign ministry said that the US sanctions were "unfair" and called for "dialogue and diplomacy" instead.

Published 15 Dec, 2020 12:50am

Business & Finance

Turkish auto production rises 5.4% in Nov

In the January-November period, which was affected by lockdown measures to combat the spread of the coronavirus.

Published 14 Dec, 2020 10:36am

World

EU to discuss arms exports to Turkey with NATO, new U.S. administration: Merkel

"In light of that we will talk more about our relations with Turkey, which is marked on the one hand by strategic dependencies - many of us are members of NATO - and on the other hand by tensions," she said.

Published 11 Dec, 2020 05:37pm

World

Erdogan says U.S. sanctions disrespect ally Turkey –Anadolu

Anadolu cited Erdogan as saying that Turkey will be patient and see what trend emerges after the new U.S. administration takes office next month.

Published 11 Dec, 2020 04:29pm

World

Exclusive: U.S. set to sanction Turkey over Russian defense system - sources

Two sources familiar with the matter, including a U.S. official speaking on the condition of anonymity, said President Donald Trump had given aides the blessing for the sanctions.

Published 11 Dec, 2020 09:37am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 31	278.42
USD PKR Interbank Buying / May 31	278.22
USD to Japanese Yen / May 31	157.31
USD to Swiss Franc / May 31	0.90
Pound Sterling to USD / May 31	1.27
Euro to USD / May 31	1.08

Stock	Volume
S&P 500 / May 31	5277.51
India Sensex / May 31	73961.31
Tokyo Nikkei / May 31	38487.90
Nasdaq / May 31	16735.02
Hang Seng / May 31	18079.61
FTSE 100 / May 31	8275.38
Dow Jones / May 31	38686.32
Germany DAX 30 / May 31	18497.94

Item	Value
Crude Oil USD/Barrel / May 31	76.99
Karachi Cotton PKR/37.32 KG / May 31	19935
Gold 10 Grams PKR / May 31	207219
Gold Spot USD/Ounce / May 31	2327.33
Cotton US¢/pound / May 31	75.11
Petrol/Litre / Jun 2	268.36

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Jun 2 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jun 2 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Jun 2 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Jun 2 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jun 2 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jun 2 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Jun 2 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Jun 2 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jun 2 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Jun 2 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Jun 2 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Jun 2 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Jun 2 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Jun 2 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Jun 2 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Jun 2 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Jun 2 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Jun 2 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Jun 2 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Jun 2 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Jun 2 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Jun 2 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Jun 2 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Jun 2 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Jun 2 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Jun 2 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Jun 2 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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