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World Published 07 Aug, 2020 11:36pm

At least 15 dead as Indian COVID repatriation flight crashes on landing

Some of them lying motionless on stretchers, brought into a hospital surrounded by health workers wearing masks because of the COVID-19 pandemic.
The plane skidded off a runway, crashing nose-first into the ground.
Air India Express AXB1344, was a repatriation flight operated by the government to bring Indians home during international travel restrictions.

International flights to resume from all airports from August 9

Published 07 Aug, 2020 10:23pm

Vessel registered in Pakistan will be exempted from custom duty, income tax till 2030: Zaidi

Published 07 Aug, 2020 08:44pm

Air India plane crashes in India's Kerala, at least two feared dead

Published 07 Aug, 2020 09:00pm

Nine deaths, 487 coronavirus cases reported in Sindh during 24 hours

Published 07 Aug, 2020 07:52pm

PM inaugurates Ravi Development Authority Project in Lahore

Updated 07 Aug, 2020 06:02pm

Situation in IoK not normalised: US Congress body expresses bipartisan ‘concern’

Updated 07 Aug, 2020 05:11pm

Forex
World
Econ

Currency	Rate
USD PKR Interbank Selling / Aug 7	168.30
USD PKR Interbank Buying / Aug 7	168.15
USD to Japanese Yen / Aug 7	105.50
USD to Swiss Franc / Aug 7	0.91
Pound Sterling to USD / Aug 7	1.31
Euro to USD / Aug 7	1.19

Stock	Volume
S&P 500 / Aug 7	3349.16
India Sensex / Aug 7	38025.45
Tokyo Nikkei / Aug 7	22418.15
Nasdaq / Aug 7	11108.07
Hang Seng / Aug 7	24930.58
FTSE 100 / Aug 7	6026.94
Dow Jones / Aug 7	27386.98
Germany DAX 30 / Aug 7	12591.68
France CAC40 / Aug 7	4885.13

Indicator	Value
Weekly Foreign Reserves / Aug 4	19047.30
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
UK LIBOR / Aug 7	0.30

Gainers
Losers
Leaders

Stock	Price
MCB-Arif Habib / Aug 8 MCB-Arif Habib Savings and Invest(MCBAH)	35.0000 ▲ (4.19%) (13.53%)
Pervez Ahmed Cons. / Aug 8 Pervez Ahmed Consultancy Services Ltd.(PASL)	1.0433 ▲ (0.17%) (9.20%)
Bawany Air / Aug 8 Bawany Air Products Limited(BAPL)	21.9900 ▲ (2.96%) (7.78%)
Bata (Pak) / Aug 8 Bata Pakistan Limited(BATA)	1557.6700 ▲ (107.67%) (7.43%)
Data Agro / Aug 8 Data Agro Limited(DAAG)	11.2900 ▲ (0.77%) (7.32%)
Next Capital / Aug 8 Next Capital Limited(NEXT)	9.3500 ▲ (0.60%) (6.86%)
1st Dawood / Aug 8 First Dawood Investment Bank Limited(FDIBL)	1.8800 ▲ (0.21%) (5.99%)
Service Fab. / Aug 8 Service Fabrics Limited(SERF)	3.5000 ▲ (0.39%) (5.59%)
AL- Abbas / Aug 8 Al-Abbas Sugar Mills Limited(AABS)	346.5000 ▲ (19.50%) (4.62%)
Sitara Chemical / Aug 8 Sitara Chemical Industries Limited(SITC)	329.0800 ▲ (29.05%) (3.99%)

Stock	Price
Worldcall / Aug 8 Worldcall Telecom Limited(WTL)	1.6083 ▼ (0.59%) (-19.25%)
Mian Textile / Aug 8 Mian Textile Industries Limited(MTIL)	6.5500 ▼ (1.05%) (-15.27%)
Invest Cap. Bank / Aug 8 Invest Capital Investment Bank Limited(ICIBL)	0.8800 ▼ (0.13%) (-13.64%)
Ghani Global Glass / Aug 8 Ghani Global Glass Limited(GGGL)	17.1668 ▼ (2.17%) (-12.02%)
SILKBANK / Aug 8 Silkbank Limited(SILK)	0.9200 ▼ (0.13%) (-8.80%)
Pace (Pakistan) / Aug 8 Pace (Pakistan) Limited(PACE)	2.7900 ▼ (0.33%) (-8.21%)
Saudi Pak Leas. / Aug 8 Saudi Pak Leasing Company Limited(SPLC)	0.7000 ▼ (0.08%) (-7.46%)
K-Electric Ltd / Aug 8 K-Electric Limited(KEL)	3.8500 ▼ (0.30%) (-6.96%)
Pak Suzuki / Aug 8 Pak Suzuki Motor Company Limited(PSMC)	263.6848 ▼ (32.18%) (-6.89%)
Kohinoor Sp. / Aug 8 Kohinoor Spinning Mills Limited(KOSM)	2.7500 ▼ (0.50%) (-6.61%)

Stock	Volume
Worldcall / Aug 8 Worldcall Telecom Limited(WTL)	107,758,000 ▼ (0.59%)
Power Cement / Aug 8 Power Cement Limited(POWER)	36,910,000 ▼ (0.58%)
Pak Elektron / Aug 8 Pak Elektron Limited(PAEL)	25,678,500 ▼ (2.41%)
TRG Pak. / Aug 8 TRG Pakistan Limited(TRG)	24,935,000 ▼ (4.16%)
Maple Leaf / Aug 8 Maple Leaf Cement Factory Limited(MLCF)	23,740,500 ▼ (1.76%)
Unity Foods / Aug 8 Unity Foods Limited(UNITY)	22,499,500 ▼ (1.05%)
Pak Int.Bulk Ter / Aug 8 Pakistan International Bulk Terminal Limited(PIBTL)	19,111,500 ▼ (0.56%)
Bank of Punjab / Aug 8 The Bank of Punjab(BOP)	17,391,000 ▼ (0.28%)
Aisha Steel / Aug 8 Aisha Steel Mills Limited(ASL)	16,139,500 ▼ (0.75%)
Pak Petroleum / Aug 8 Pakistan Petroleum Limited(PPL)	11,536,494 ▼ (0.66%)

Markets →

Business

Commodities

Pakistan tenders to buy 1.5mn tonnes wheat

Pakistan allowed private sector wheat imports in June to cool domestic wheat and flour prices.
"Traders had expected the state to issue a large import tender to relieve tight domestic supplies," one European trader said.

Published 07 Aug, 2020 11:47pm

BR Research

Demystifying digital divide

Not all technologies are created equal. New technologies have a way to benefit the relatively-affluent and...

Published 07 Aug, 2020 09:37am

Energy

Oil slips below $45/bbl on demand concerns, set for weekly rise

Little progress seen in US coronavirus relief talks.
US job growth slows sharply in July.
Saudi Arabia, Iraq stress full commitment to OPEC+ deal.
US oil & gas rig count falls to record low for 14th week.

Published 07 Aug, 2020 11:33pm

Stocks

Slowing job growth weighs on Wall St as focus turns to stimulus

US economy added 1.76 mln jobs in July – report.
Congress to continue talks on coronavirus relief bill.
Trump moves to ban WeChat, TikTok, amps up friction with Beijing.
Indexes off: Dow 0.34%, S&P 0.34%, Nasdaq 1.16%.

Published 07 Aug, 2020 11:33pm

BR Research

KSE-100: when pennies march in

At Pakistan Stock Exchange (PSX) the benchmark index is not at dizzying heights; it is still down about 1.4 percent...

Updated 07 Aug, 2020 11:43am

Energy

US oil & gas rig count falls to record low for 14th week

The US rig count, an early indicator of future output, fell by four to an all-time low of 247 in the week to Aug. 7.
US oil rigs fell by four to 176 this week, their lowest since July 2005, while gas rigs held steady at 69, according to Baker Hughes data.

Published 07 Aug, 2020 11:16pm

Industry

Delta wants at least 3,000 flight attendants to take unpaid leave

Airlines are suffering their worst crisis in history due to the COVID-19 pandemic, which decimated air travel demand and crushed the US economy in the second quarter.
The fallout has put tens of thousands of airline jobs at risk as carriers warn an industry recovery could take years.

Updated 07 Aug, 2020 11:01pm

Govt appoints Brigadier (retd) Shuja Hassan as Pakistan Steel Mills CEO

As per details, a notification has also been issued for the appointment of Shuja Hassan as CEO of the Steel Mills on Friday.

Published 07 Aug, 2020 04:02pm

Pakistan’s export product diversification strategy reaping results, says Dawood

Dawood was of the view that the diversification of our exports away from the traditional sectors to new developmental sectors is an important part of government strategy.

Published 07 Aug, 2020 03:11pm

Fawad wants Sialkot to be given Gwadar like status for exports enhancement

“We want the entire district of Sialkot to be given the status similar to Gwadar so that the exports of $400 million can be increased to $2 billion in two years,” he said.

Published 07 Aug, 2020 10:56am

Forex

Dollar bounces, yuan stung by Trump's Tiktok and WeChat ban

The Australian dollar also fell, hurt by concerns about worsening U.S.-China relations and the Reserve Bank of Australia’s downbeat assessment of the local economy.

Published 07 Aug, 2020 10:30am

BR Research

Wake me up when September ends

The Republic of Philippines has been told by a consultancy firm to look toward and adopt Pakistan’s successful...

Updated 07 Aug, 2020 11:41am

BR Research

Consumers short on confidence

Coronavirus seems to have dented the consumer confidence to a great extent. Not since September 2012 has the ...

Published 07 Aug, 2020 09:34am

BR Research

An interview with Fahad Ashraf - GM, The Coca-Cola Export Corporation, Pakistan & Afghanistan Region

Consistency and longevity of policies crucial for improving investment climate

Fahad Ashraf is the General Manager...

Published 07 Aug, 2020 09:33am

BR Research

Business confidence – mixed signals

Businesses were short on confidence in June 2020. And there was every reason for that as Pakistan’s coronavirus...

Published 06 Aug, 2020 08:22am

BR Research

Rethinking labour unions

It is rather unusual for the State Bank to highlight the importance of labour unions. But it is surely refreshing to...

Published 06 Aug, 2020 08:22am

BR Research

No eggs without chicken

Outside of tomatoes and onions – both perishable vegetables - farm eggs saw the highest month-on-month increase in...

Published 06 Aug, 2020 08:20am

Pakistan

Cops kill citizen, injure another assuming them as robbers

Eyewitnesses say the victims were unarmed and were talking to each other when the cops opened fired on them

Published 07 Aug, 2020 07:11pm

Cleaning of Karachi's storm-water drains to be completed today: NDMA

NDMA said 40 out of 42 chocking points have been cleared

Updated 07 Aug, 2020 12:04pm

PM welcomes UNSC session on IOK

ISLAMABAD: Prime Minister Imran Khan said on Thursday that Pakistan welcomed the United Security Council (UNSC) for...

Updated 07 Aug, 2020 04:32am

Sugar commission's report: SHC seeks details of cabinet meeting

KARACHI: Sindh High Court (SHC) on Thursday sought the details of federal cabinet meeting pertaining to report of...

Updated 07 Aug, 2020 04:32am

CM details ministers, advisers to perform relief activities

KARACHI: Sindh Chief Minister Syed Murad Ali Shah, in pursuant of a weather advisory issued by Pakistan...

Updated 07 Aug, 2020 04:32am

Return of Chinese engineers, managers will give a boost to CPEC's power project in Thar

KARACHI: Work on Shanghai Electric's Thar Coal Block-1 Project, a priority implementation project of the...

Updated 07 Aug, 2020 04:46am

Govt aiming to reduce ACD, RD on certain raw materials: Razak

KARACHI: Advisor to Prime Minister on Commerce, Abdul Razak Dawood, has said that the government is aiming to reduce...

Updated 07 Aug, 2020 04:33am

Privatisation of Roosevelt Hotel: PIAIL given permission for in-camera briefing

ISLAMABAD: A parliamentary panel on Thursday has granted permission to the management of the Pakistan International...

Updated 07 Aug, 2020 04:40am

AKUH launches nation’s first nurse-led lactation clinic

This clinic aims to empower and help mothers across Pakistan ensure their infants’ good health from the day they are born.

Updated 07 Aug, 2020 02:44pm

UHS to test Australian vaccine on Covid-19 patients

LAHORE: The University of Health Sciences (UHS) will test an Australian vaccine-COVAX-19, on active coronavirus...

Updated 07 Aug, 2020 04:34am

Latest

Six electrocuted to death as rain, power outages bring more misery for Karachiites

Met office warned of urban flooding and predicted that this year 10 percent more rains are expected in Sindh as compared to previous year

Updated 07 Aug, 2020 08:39pm

PM meets Punjab CM

The PM will inaugurate Ravi Development Authority.

Published 07 Aug, 2020 01:59pm

India suffers record jump in COVID-19 cases to pass 2 million

It is the third nation to pass that unwanted milestone, lagging behind only the United States and Brazil.

Published 07 Aug, 2020 10:43am

Windfall levy on crude oil, condensate, natural gas: 50 percent of collection to be shared with concerned province

ISLAMABAD: A meeting of the Council of Common Interests (CCI) Thursday unanimously approved Alternative and ...

Updated 07 Aug, 2020 03:17am

PIA announces Jashn-e-Azadi offer

KARACHI: Pakistan International Airlines (PIA) has announced its Jashn-e-Azadi offer to its customers. In order to...

Updated 07 Aug, 2020 03:12am

Buyer bought 60,000 tonnes of wheat as imports continue

HAMBURG: An importer in Pakistan has bought around 60,000 tonnes of wheat in past days to be sourced from optional...

Updated 07 Aug, 2020 03:17am

US sends first shipment of crude to Saudi Arabia in over a decade

NEW YORK: The United States sent a shipment of crude to Saudi Arabia in June, data from the US Census Bureau showed...

Updated 07 Aug, 2020 03:14am

Various sectors allowed to reopen

ISLAMABAD: With Covid-19 cases on a decline in the country, the government of Pakistan on Thursday decided to allow...

Updated 07 Aug, 2020 03:13am

World

WeChat US ban cuts off users link to families in China

WeChat, owned by Chinese internet giant Tencent Holdings Ltd , is popular among Chinese students, expats and some Americans who have personal or business relationships in China.
The ban will cut off far more than the up to 6 million Chinese people who live in the United States.

Updated 08 Aug, 2020 02:18am

Europe

Ratings agencies warn Turkey it may need to hike rates

Ankara indicated on Friday it would use more backdoor policy tightening to try to stabilise the currency.
In an email to Reuters, he added that usable foreign exchange reserves were expected to drop below $10 billion this year from around $30 billion last year.

Published 07 Aug, 2020 11:08pm

South Asia

US imposes sanctions on Hong Kong's Lam, other officials over crackdown

The sanctions target Hong Kong Police commissioner Chris Tang and his predecessor Stephen Lo; John Lee Ka-chiu, Hong Kong's secretary of security, and Teresa Cheng.
"Carrie Lam is the chief executive directly responsible for implementing Beijing's policies of suppression of freedom and democratic processes," it said.

Published 07 Aug, 2020 11:54pm

Middle East