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Business Published 04 Aug, 2020 12:56pm

Federal Cabinet to approve Sima Kamil as Deputy Governor SBP

As per reports, the federal cabinet meeting being held today ( Tuesday) will approve the appointment of Kamil.

India imposes curfew in several areas of IoK ahead of revocation anniversary

Updated 04 Aug, 2020 12:35pm

Business

Despite COVID Pakistan exports post 5.8pc growth in July, as imports decline

Published 04 Aug, 2020 12:22pm

Pakistan's death toll nears 6000 after 15 new deaths

Published 04 Aug, 2020 11:12am

Imran says mediation between Saudi and Iran going slowly

Published 04 Aug, 2020 02:47am

Purchase of material: Builders opting for FTS not required to withhold tax: FBR

Published 04 Aug, 2020 02:47am

Data enrichment: FBR gives 0.1m CNIC numbers of unregistered persons to Nadra

Published 04 Aug, 2020 02:47am

Forex
World
Econ

Currency	Rate
USD PKR Interbank Selling / Jul 31	167.30
USD PKR Interbank Buying / Jul 31	167.10
USD to Japanese Yen / Aug 4	105.95
USD to Swiss Franc / Aug 4	0.92
Pound Sterling to USD / Aug 4	1.31
Euro to USD / Aug 4	1.18

Stock	Volume
S&P 500 / Aug 4	3294.61
India Sensex / Aug 4	36939.60
Tokyo Nikkei / Aug 4	22195.38
Nasdaq / Aug 4	10902.80
Hang Seng / Aug 4	24458.13
FTSE 100 / Aug 4	6032.85
Dow Jones / Aug 4	26664.40
Germany DAX 30 / Aug 4	12646.98
France CAC40 / Aug 4	4875.93

Indicator	Value
Weekly Foreign Reserves / Aug 4	19047.30
UK LIBOR / Aug 4	0.31
GDPGROWTH / Aug 4	5.40
Foreign Debt / Aug 4	15087.50
Per Capita Income (CPI) / Aug 4	1516.00
Average CPI / Aug 4	11.11

Gainers
Losers
Leaders

Stock	Price
JS Inv. / Aug 4 JS Investments Limited(JSIL)	16.8350 ▲ (1.12%) (7.16%)
Mehran Sugar / Aug 4 Mehran Sugar Mills Limited(MRNS)	62.6000 ▲ (3.10%) (4.20%)
Sazgar Engg. / Aug 4 Sazgar Engineering Works Limited(SAZEW)	169.1900 ▲ (5.94%) (3.64%)
A. Shah Ghazi / Aug 4 Abdullah Shah Ghazi Sugar Mills Limited(AGSML)	2.3500 ▲ (0.14%) (2.71%)
Atlas Honda / Aug 4 Atlas Honda Limited(ATLH)	471.0000 ▲ (11.00%) (2.39%)
AL-Noor Sugar / Aug 4 Al-Noor Sugar Mills Limited(ALNRS)	49.0000 ▲ (1.00%) (2.08%)
Millat Tractors / Aug 4 Millat Tractors Limited(MTL)	867.5000 ▲ (17.50%) (1.18%)
J. D. W. / Aug 4 JDW Sugar Mills Limited(JDWS)	225.0100 ▲ (2.00%) (0.90%)
Kohinoor Ind. / Aug 4 Kohinoor Industries Limited(KOIL)	3.9000 ▲ (0.10%) (0.88%)
Bank of Khyber / Aug 4 The Bank of Khyber(BOK)	14.3750 ▲ (0.12%) (0.88%)

Stock	Price
MCB-Arif Habib / Aug 4 MCB-Arif Habib Savings and Invest(MCBAH)	29.9000 ▼ (3.77%) (-12.61%)
Dewan Sugar / Aug 4 Dewan Sugar Mills Limited(DWSM)	2.5000 ▼ (0.00%) (-12.00%)
Premium Tex. / Aug 4 Premium Textile Mills Limited(PRET)	245.0000 ▼ (28.99%) (-11.83%)
Shahtaj Textile / Aug 4 Shahtaj Textile Limited(STJT)	134.4000 ▼ (18.59%) (-10.44%)
Ados Pakistan / Aug 4 Ados Pakistan Limited(ADOS)	26.9900 ▼ (2.89%) (-9.91%)
Kohinoor Power / Aug 4 Kohinoor Power Company Limited(KOHP)	2.5000 ▼ (0.25%) (-9.27%)
Pak Stock Exchange / Aug 4 Pakistan Stock Exchange Limited(PSX)	13.4000 ▼ (2.00%) (-8.91%)
Arshad Energy / Aug 4 Arshad Energy Limited(AEL)	7.5000 ▼ (0.69%) (-8.59%)
B.R.R. Mod. / Aug 4 B.R.R. Guardian Modaraba(BRR)	9.8400 ▼ (0.84%) (-8.54%)
East West / Aug 4 East West Insurance Company Limited(EWIC)	73.6000 ▼ (6.04%) (-8.21%)

Stock	Volume
Power Cement / Aug 4 Power Cement Limited(POWER)	31,003,000 ▼ (1.62%)
Pak Elektron / Aug 4 Pak Elektron Limited(PAEL)	23,532,500 ▼ (1.70%)
Maple Leaf / Aug 4 Maple Leaf Cement Factory Limited(MLCF)	23,436,000 ▼ (1.04%)
Fauji Foods / Aug 4 Fauji Foods Limited(FFL)	22,399,500 ▼ (1.55%)
Unity Foods / Aug 4 Unity Foods Limited(UNITY)	19,109,000 ▼ (0.92%)
K-Electric Ltd / Aug 4 K-Electric Limited(KEL)	18,785,500 ▼ (0.19%)
TRG Pak. / Aug 4 TRG Pakistan Limited(TRG)	17,268,000 ▼ (3.57%)
Aisha Steel / Aug 4 Aisha Steel Mills Limited(ASL)	12,288,000 ▼ (1.78%)
Fauji Cem. / Aug 4 Fauji Cement Company Limited(FCCL)	12,196,000 ▼ (0.65%)
Bank of Punjab / Aug 4 The Bank of Punjab(BOP)	11,669,500 ▼ (0.76%)

Markets →

Business

Federal Cabinet to approve Sima Kamil as Deputy Governor SBP

As per reports, the federal cabinet meeting being held today ( Tuesday) will approve the appointment of Kamil.

Published 04 Aug, 2020 12:56pm

BR Research

Widening urban-rural inflation gap

The headline inflation stood at 9.3 percent in Jul-20. The monthly index is up by 2.5 percent. This is the highest...

Published 04 Aug, 2020 08:18am

Despite COVID Pakistan exports post 5.8pc growth in July, as imports decline

“This is a great achievement considering that for the last four months, since March 2020, we witnessed a decline in exports,” said Advisor to Prime Minister on Trade, Abdul Razzak Dawood.

Published 04 Aug, 2020 12:22pm

Companies

PIA sacks 63 employees, including five captains

The national carrier’s Human Resources Division released a list of actions taken against 63 employees.

Published 04 Aug, 2020 11:11am

BR Research

2021: Will sugar supply be balanced?

With national average retail sugar prices closing in on Rs 90 per kg – a first in almost a decade – the...

Published 04 Aug, 2020 08:17am

Malaysia says has not dropped legal proceedings against Abu Dhabi's IPIC

The Malaysian government also remains open to considering all forms of resolution between the two parties, Attorney General Idrus Harun said in a statement, adding that talks are ongoing between the two.

Published 04 Aug, 2020 10:35am

Forex

Dollar falters as investors await U.S. stimulus deal

The U.S. dollar had its worst month in a decade in July but began August with a bounce, pushing as high as $1.1695 per euro on Monday, 1.8% above last week’s two-year low.

Published 04 Aug, 2020 10:32am

China only fulfils 5% of Sino-U.S. energy trade deal in first half of 2020

China’s imports of crude oil, liquefied natural gas (LNG), metallurgical coal and other energy products totalled around $1.29 billion this year through June, according to Reuters calculations based on China customs data.

Published 04 Aug, 2020 10:27am

PBIF chief calls for empowering SBP

KARACHI: Pakistan Businessmen and Intellectuals Forum President Mian Zahid Hussain has said that the government...

Published 04 Aug, 2020 02:47am

FPCCI body discusses proposed FTA with GCC

KARACHI: FPCCI's Pakistan-Saudi Arabia Business Council 2020 held its first meeting under the chairmanship of Sardar...

Updated 04 Aug, 2020 03:07am

Strain on global manufacturing eases as eurozone returns to growth

LONDON/TOKYO: Eurozone manufacturing activity expanded modestly last month, its first growth since early 2019, and...

Updated 04 Aug, 2020 03:08am

BR Research

The challenge around petroleum price

The benchmark Arab Light crude oil went up by 5.7 percent month-on-month in the reference period for Aug-20. The...

Published 04 Aug, 2020 08:16am

BR Research

Pakistan’s falling productivity

That Pakistan’s economic growth has been driven mainly by factor accumulation rather than labour productivity over...

Published 04 Aug, 2020 08:15am

BR Research

Allawasaya Textile and Finishing Mills Limited

Allaswasaya Textile and Finishing Mills Limited (PSX: AWTX) was established in 1958 as a private limited company;...

Published 04 Aug, 2020 08:11am

BR Research

Beating Covid curiosity

In a stunning upset which perhaps many did not see coming, Pakistan has managed to bring down its number of daily...

Published 30 Jul, 2020 08:40am

BR Research

Sugar – the comedy of errors continues

According to a FinMin press release on July 28th, the ECC has approved a proposal for import of 0.3 million tons of...

Updated 30 Jul, 2020 10:07am

BR Research

The balancing act

While India’s so-called regional isolation lately is a cause of much mirth in Pakistan, the eagle-eyed should...

Published 30 Jul, 2020 08:38am

Pakistan

Chaman border open for pedestrian travel

According to security sources, the Pak-Afghan border has been reopened for a day in the spirit of goodwill. The border will be open from 8 am to 5 pm.

Published 04 Aug, 2020 12:00pm

Heavy rain, thunderstorm expected in Sindh, Balochistan

KARACHI: The Met Office on Monday forecast rains for Sindh and eastern parts of Balochistan from Thursday to...

Updated 04 Aug, 2020 03:17am

Nationwide coronavirus infections reach 280,282

ISLAMABAD: The nationwide coronavirus infections have reached 280,282 with 5,992 deaths, 1,038 people in critical...

Updated 04 Aug, 2020 03:17am

AJ&K president for internationalising Kashmir issue

ISLAMABAD: The Azad Jammu and Kashmir (AJ&K) President, Sardar Masood Khan, has emphasised the need for...

Updated 04 Aug, 2020 03:18am

Eidul Azha celebrated with religious fervour across KP

PESHAWAR: Eid-ul-Azha was celebrated with religious fervor across Khyber Pakhtunkhwa on Saturday to commemorate the...

Updated 04 Aug, 2020 03:18am

Opposition not in a position to launch anti-govt movement: Rashid

ISLAMABAD: Minister for Railways Sheikh Rashid Ahmed has said that the opposition is not in a position to launch any...

Updated 04 Aug, 2020 03:18am

Ufone Master Classes: Over 7,000 students benefitted from programme

ISLAMABAD: Pakistani telecom operator, Ufone's "Future Proof Your Career with Ufone Master Classes" Program came to...

Updated 04 Aug, 2020 03:20am

Government unveils postage stamp on Youm-e-Istehsal

ISLAMABAD: The government has unveiled a special postage stamp in connection with Youm-e-Istehsal highlighting the...

Updated 04 Aug, 2020 03:24am

Federal, Punjab, KP govts observe August 3rd as working day

ISLAMABAD: Monday (August 3) was a working day in the federal government and two provincial governments of Punjab ...

Updated 04 Aug, 2020 03:22am

New Covid-19 cases continue to decline in capital

ISLAMABAD: The new positive cases of the Covid-19 in the capital city have continued to decline in the past two ...

Updated 04 Aug, 2020 03:21am

Latest

Imran, Ghani discuss Afghan peace process

ISLAMABAD: President of Afghanistan Ashraf Ghani called Prime Minister Imran Khan Monday and extended felicitations...

Published 04 Aug, 2020 02:47am

Dr Faisal Sultan made SAPM on Health

ISLAMABAD: Prime Minister Imran Khan has appointed Dr Faisal Sultan as his Special Assistant on National Health...

Published 04 Aug, 2020 02:47am

July CPI inflation up 2.5pc

ISLAMABAD: The Consumer Price Index (CPI)-based inflation as a result of an increase in prices of vegetables, eggs,...

Published 04 Aug, 2020 02:47am

WB approves two projects in concessional financing from IDA

ISLAMABAD: The World Bank's executive directors approved two projects for $400 million in concessional financing ...

Published 04 Aug, 2020 02:47am

Baseline remittances: Pakistan can see 26.8pc decline: ADB

ISLAMABAD: Pakistan could see a decline of 26.8 percent from baseline remittances under the worst-case scenario, ...

Updated 04 Aug, 2020 03:26am

'Disappointing' economic performance will be shared with Cabinet

ISLAMABAD: The Ministry of Planning, Development and Special Initiatives is all set to share "disappointing" ...

Updated 04 Aug, 2020 03:30am

Minister for dealing with external debt with great care

ISLAMABAD: Minister for Economic Affairs, Khusro Bakhtyar has cautioned the government that carelessness in dealing...

Updated 04 Aug, 2020 03:28am

Chinese artificial intelligence company files $1.4bn lawsuit against Apple

SHANGHAI: Chinese artificial intelligence company Shanghai Zhizhen Intelligent Network Technology Co., Ltd., also...

Updated 04 Aug, 2020 03:29am

World

Sanofi charged with manslaughter in birth defects case

PARIS: French prosecutors have indicted pharma giant Sanofi for manslaughter over birth defects linked to an ...

Updated 04 Aug, 2020 03:12am

Europe

Czech jobless rate rises to 3.8% in July

The overall number of unemployed people rose to 278,824 in July from 269,637 in June, the data showed.

Published 03 Aug, 2020 07:08pm

South Asia

Hong Kong reports 121 new coronavirus cases as local transmissions stay high

The Chinese territory reported a daily record of 149 new cases on Thursday.

Published 31 Jul, 2020 05:47pm

Middle East

Lebanon foreign minister resigns in protest at crisis management

Local Lebanese media cited several reasons for his resignation, including reports that he was displeased with the way Lebanese officials were encroaching on his prerogatives and mishandling diplomatic ties.

Published 03 Aug, 2020 05:23pm

Editorials

Dual national SAPMs

EDITORIAL: Increasing tensions between elected and unelected members of the federal government claimed two ...

SBP's third quarterly report

EDITORIAL: The release of the third State Bank of Pakistan (SBP) quarterly report, as expected, remains bound to the...

Preventable loss of life

EDITORIAL: It's been deeply disturbing, all the more so since the media had been sounding warnings on the basis of...

Terrorist threat to Pakistan, Afghanistan

EDITORIAL: The United Nations has warned that the presence of a large number of terrorists in Afghanistan,...

Allama Iqbal on equitable taxation

Dr Ikramul Haq | Huzaima Bukhari

EDITORIAL: In this article, we are highlighting the ideas of the great thinker, philosopher and poet, Allama ...

Opinion

How strong is too strong? Euro's 10pc rally fans fears of side effects

Elizabeth Howcroft

ARTICLE: After years of gloom, euro bulls will be celebrating the single currency's brisk rally to two-year highs...

Decolonisation in consciousness and fact

Rashed Rahman

ARTICLE: The US and subsequently many parts of the world have been in turmoil since the tragic death of George Floyd...

Economic outlook

Dr Hafiz A Pasha

ARTICLE: The Economic Adviser's Wing (EAW) of the Ministry of Finance has published the Monthly Outlook for July...

Gold still in bullish mode

Asad Rizvi

TEXT: An eleven percent surge in gold prices in June is the biggest monthly gain in eight years. After hitting a...

'Outlook for inflation'

Samina Khan

LETTER: This is apropos a Business Recorder op-ed "Outlook for inflation" carried by the newspaper recently. The...

Perspectives

Killing the Curve in Pakistan: How Models Failed & Why Targeted Interventions Worked

Ammar Habib Khan

An inherent weakness of statistical models is the representative agent, where a diverse population of a country with...

The Case of Dual Nationality Within Political Systems

Taimur Ahmed Farooq

Pakistan, once again, is embroiled in the controversy of dual citizens holding public offices. The latest...

The Islamabad High Court decision in the PUBG case.

BR Web Desk

The first round of litigation regarding the game PUBG ended on Friday 24th July 2020 when the Islamabad High Court...

Life Style

Aaj TV - Tuesday's schedule

KARACHI: All timings are in PST (Pakistan Standard Time).

06:00 NEWS HOUR

06:25 HEADLINE NEWS

06:30 NEWS HOUR...

Published 04 Aug, 2020 02:47am

Life & Style

Prepare a grand feast for Eid-ul-Adha with these four recipes

Sports

Misbah and co. considering possibility of playing two spinner in first Test

Sports

Champions League ready to resume, at long last

Published 03 Aug, 2020 02:27pm

Sports

Serie A: Highs and lows of 2019-20 season

Published 03 Aug, 2020 02:08pm