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Print Published 20 Oct, 2020 02:42am

Government appears to be feeling the price hike heat

ISLAMABAD: Prime Minister Imran Khan Monday stressed on taking all administrative measures to ensure availability of...

External debt: IMF says Pakistan to face amortization of about 4 percent of GDP

Published 20 Oct, 2020 02:42am

PM fears second wave of Covid-19 outbreak

Published 20 Oct, 2020 02:42am

Body formed to help ensure increased agri output

Published 20 Oct, 2020 02:42am

Cabinet to discuss opposition challenge today

Published 20 Oct, 2020 02:42am

Sindh government behind arrest: PTI

Published 20 Oct, 2020 02:42am

Quaid's mausoleum's sanctity case: PML-N's Safdar arrested, released on bail

Published 20 Oct, 2020 02:42am

Forex
World
Econ

Currency	Rate
USD PKR Interbank Selling / Oct 20	162.40
USD PKR Interbank Buying / Oct 20	162.30
USD to Japanese Yen / Oct 20	105.41
USD to Swiss Franc / Oct 20	0.91
Pound Sterling to USD / Oct 20	1.29
Euro to USD / Oct 20	1.18

Stock	Volume
S&P 500 / Oct 20	3426.92
India Sensex / Oct 20	40431.60
Tokyo Nikkei / Oct 20	23671.13
Nasdaq / Oct 20	11478.88
Hang Seng / Oct 20	24542.26
FTSE 100 / Oct 20	5884.65
Dow Jones / Oct 20	28195.42
Germany DAX 30 / Oct 20	12854.66
France CAC40 / Oct 20	4929.27

Indicator	Value
Weekly Foreign Reserves / Oct 20	19015.50
UK LIBOR % / Oct 20	0.08
GDPGROWTH / Oct 20	5.40
Foreign Debt (PKR billions) / Oct 20	15087.50
Per Capita Income USD (CPI) / Oct 20	1516.00
Average CPI % / Oct 20	11.11

Gainers
Losers
Leaders

Stock	Price
Saudi Pak Leas. / Oct 20 Saudi Pak Leasing Company Limited(SPLC)	1.7800 ▲ 0.23 (3.23%)
Kohinoor Ind. / Oct 20 Kohinoor Industries Limited(KOIL)	7.7885 ▲ 0.75 (1.76%)
TPL Trakker / Oct 20 TPL Trakker Limited(TPLT)	9.9900 ▲ 0.09 (0.91%)
Matco Foods / Oct 20 Matco Foods Limited(MFL)	21.2059 ▲ 0.26 (0.53%)
Friesland. Engro / Oct 20 Frieslandcampins Engro Foods Limited(FCEPL)	74.0000 ▲ 0.51 (0.42%)
Nishat Mills / Oct 20 Nishat Mills Limited(NML)	104.2400 ▲ 1.74 (0.35%)
Pak Int Cont. / Oct 20 Pakistan International Container(PICT)	179.5322 ▲ 0.53 (0.30%)
Orix Moda. / Oct 20 Orix Modaraba(ORIXM)	21.2000 ▲ 0.06 (0.28%)
Amreli Steels / Oct 20 Amreli Steels Limited(ASTL)	43.0900 ▲ 0.83 (0.24%)
Pak Int.Bulk Ter / Oct 20 Pakistan International Bulk Terminal Limited(PIBTL)	12.4219 ▲ 0.37 (0.19%)

Stock	Price
Grays Leas. / Oct 20 Grays Leasing Limited(GRYL)	7.3500 ▼ 0.75 (-10.20%)
First Cap. Sec. / Oct 20 First Capital Securities Corporation(FCSC)	1.5000 ▼ 0.10 (-6.67%)
Dost Steel / Oct 20 Dost Steels Limited(DSL)	4.4012 ▼ 0.20 (-4.55%)
Kohinoor Sp. / Oct 20 Kohinoor Spinning Mills Limited(KOSM)	2.9355 ▼ 0.15 (-3.68%)
Thatta Cement / Oct 20 Thatta Cement Company Limited(THCCL)	24.0500 ▼ 1.05 (-3.49%)
Quice Food / Oct 20 Quice Food Industries Limited(QUICE)	4.9000 ▼ 0.16 (-3.27%)
Lalpir Power / Oct 20 Lalpir Power Limited(LPL)	12.3800 ▼ 0.36 (-2.91%)
Tri-Star Poly / Oct 20 Tri-Star Polyester Limited(TRPOL)	8.7500 ▼ 0.24 (-2.74%)
Sui South Gas / Oct 20 Sui Southern Gas Company Limited(SSGC)	16.4000 ▼ 0.44 (-2.66%)
Worldcall / Oct 20 Worldcall Telecom Limited(WTL)	1.1500 ▼ 0.03 (-2.61%)

Stock	Volume
Jahangir Sid. Co. / Oct 20 Jahangir Siddiqui & Co. Ltd.(JSCL)	8,874,000 ▼ 1.43
Hascol Petroleum / Oct 20 Hascol Petroleum Limited(HASCOL)	5,915,443 ▼ 0.43
TRG Pak. / Oct 20 TRG Pakistan Limited(TRG)	5,708,000 ▼ 1.48
Pak Int.Bulk Ter / Oct 20 Pakistan International Bulk Terminal Limited(PIBTL)	5,265,500 ▼ 0.37
Unity Foods / Oct 20 Unity Foods Limited(UNITY)	4,029,000 ▼ 0.39
Maple Leaf / Oct 20 Maple Leaf Cement Factory Limited(MLCF)	1,962,861 ▼ 0.69
Power Cement / Oct 20 Power Cement Limited(POWER)	1,829,000 ▼ 0.30
Treet Corp. / Oct 20 Treet Corporation Limited(TREET)	1,752,500 ▼ 0.67
Pak Elektron / Oct 20 Pak Elektron Limited(PAEL)	1,719,000 ▼ 1.04
Aisha Steel / Oct 20 Aisha Steel Mills Limited(ASL)	1,541,000 ▼ 0.27

Markets →

Business

Dawood reviews reforms, initiatives on PRMI

ISLAMABAD: Advisor to the Prime Minister on Commerce and Investment, Abdul Razak Dawood, chaired the fourth meeting... Updated 20 Oct, 2020 03:17am

BR Research

Rent-seeking political alliances

Markets dominated by a few, large firms can often be prone to manipulation. Add to it political influence that those...

Published 19 Oct, 2020 01:40pm

China's economic recovery quickens

BEIJING: China's economic recovery accelerated in the third quarter as consumers shook off their coronavirus ... Updated 20 Oct, 2020 03:18am

Forex

Real up as Brazil, US reinforce trade ties; China data lifts mood

Brazilian real breaks four-day losing streak.
Brazil GDP to shrink 4% this year –officials.
China's economic recovery quickens as consumption returns.
Bolivia's socialists seal comeback win after tumultuous year.

Published 20 Oct, 2020 02:29am

BR Research

Fighting for scraps

Six of the world’s most famous and largest cruise ships are at a Turkish beach town along the Aegean Sea, at the...

Published 19 Oct, 2020 01:30pm

Forex

Canadian dollar steadies as US stimulus uncertainty offsets Chinese data

Canadian dollar was nearly unchanged against the greenback.
Canadian wholesale trade increases 0.3% in August.
BoC survey shows that business sentiment improves across Canada.
10-year yield rises less than a basis point to 0.586%.

Published 20 Oct, 2020 02:24am

Commodities

Raw sugar hits 7-1/2-month high, cocoa also climbs

March raw sugar settled up 0.29 cent, or 2.0%, at 14.72 cents per lb, the highest prices since February 26.
March London cocoa settled up 32 pounds, or 2.0%, at 1,673 pounds per tonne, pulling away from an eight-week low of 1,627 pounds set on Friday.

Updated 20 Oct, 2020 02:24am

Financial

Yields pare rise as stimulus optimism fades

There was some optimism about a deal potentially being reached _ it seems like some of that optimism has started to fade a little bit.
The economic destruction from Covid, in my view, will keep rates pretty low,

Published 20 Oct, 2020 01:45am

Forex

Dollar eases on cautious optimism around US fiscal package

The dollar index declined 0.3%, giving back some of its 0.7% gain from last week when a global surge in coronavirus cases.
There is growing optimism that there is going to be one last strong attempt to get a stimulus deal.

Published 20 Oct, 2020 01:43am

Mexico's economic contraction my put pressure on insurers: Fitch Ratings

Latin America's No. 2 economy is facing the deepest recession in decades. Its sovereign bonds are edging closer to a downgrade to speculative grade, or junk.
"Fitch expects the financial pressure on Mexican insurers and surety companies will persist at year end 2020.

Published 20 Oct, 2020 01:38am

Money & Banking

Bank of Canada-linked working group set to analyze credit-sensitive benchmark

The Canadian Fixed Income Forum (CFIF) has expanded the mandate of the Canadian Alternative Reference Rate working group (CARR) to include an in-depth analysis of CDOR

Published 20 Oct, 2020 01:36am

BR Research

External trade: Agriculture is the weakest link

Trade deficit has worsened in September both on monthly (40%) and yearly basis (22%). The reason is not merely that...

Published 19 Oct, 2020 08:04am

BR Research

Wheat import: timing matters

A ten times increase in import volume in a month. Surely, Pakistan’s wheat imports are now in full gear, as the...

Published 19 Oct, 2020 08:03am

BR Research

E-commerce during pandemic

Continuing with the assessment of how digital payments fared during the quarter of lockdowns associated with the...

Published 19 Oct, 2020 08:02am

BR Research

HBL profits continue to rise

HBL is the market leader by some distance. And it continues to post impressive numbers quarter after quarter. The...

Published 19 Oct, 2020 08:01am

BR Research

Interview with Shazil Mehkri – CEO Sastaticket.pk

International travel at approximately 30 percent of pre-Covid levels Shazil Mehkri is the CEO of Sastaticket.pk. In...

Published 19 Oct, 2020 07:25am

BR Research

Beyond Real Interest Rates

Inflation in Pakistan is mostly cost-push, rather than demand-pull.
Demand-pull inflation would largely materialize if private credit growth were to be stimulated through monetary expansion.

Published 16 Oct, 2020 07:44pm

Pakistan

Khyber Pass Economic Corridor: Feasibility study of Development Expressway in progress

PESHAWAR: Feasibility study for the first component of Khyber Pass Economic Corridor, the Development Expressway was... Updated 20 Oct, 2020 03:07am

LHC's directive to Punjab govt

LAHORE: The Lahore High Court on Monday directed the Punjab government to constitute a committee to prepare a draft... Updated 20 Oct, 2020 03:07am

Sub-sector I-15/4: CDA opens technical bids for development work

ISLAMABAD: The Capital Development Authority (CDA) has opened technical bids for development works in sub-sector... Updated 20 Oct, 2020 03:07am

Experts say sawfish species have become extinct

KARACHI: Experts believe that sawfish species have become extinct in the country's seas as no reports appeared about... Updated 20 Oct, 2020 03:07am

Nawaz's proclamation in UK papers: IHC dismisses Federation's plea

ISLAMABAD: The Islamabad High Court (IHC) on Monday dismissed the Federation's plea to publish proclamation of ... Published 20 Oct, 2020 02:42am

Shangla, Lakki Marwat: PPAF holds asset distribution ceremonies

ISLAMABAD: On account of International Day for Eradication of Poverty, Pakistan Poverty Alleviation Fund (PPAF) on... Updated 20 Oct, 2020 03:07am

PTA informs Senate panel: TikTok blocked 4m videos in three months

ISLAMABAD: The Pakistan Telecommunication Authority (PTA) on Monday revealed that TikTok had blocked four million... Updated 20 Oct, 2020 03:07am

Qureshi appreciates UNAMA's role

ISLAMABAD: Foreign Minister Shah Mahmood Qureshi has said that the vision of economic prosperity and regional... Updated 20 Oct, 2020 03:07am

Gun and Country Club: Cabinet Division proposes new management body to run affairs

ISLAMABAD: The Cabinet Division has proposed new management committee to run the affairs of Gun and Country Club... Updated 20 Oct, 2020 03:07am

171 Sahulat bazaars made functional across Punjab

LAHORE: The Punjab government has made 171 Sahulat bazaars functional across the province to ensure availability of... Updated 20 Oct, 2020 03:07am

Latest

US in no hurry to develop digital dollar: Fed chief

WASHINGTON: The US central bank is researching a possible cyber-dollar, but will move slowly to ensure it first... Published 20 Oct, 2020 02:42am

PTA restores TikTok with certain conditions

ISLAMABAD: The Pakistan Telecom Authority (PTA) has restored TikTok services with certain conditions. Talking to... Published 20 Oct, 2020 02:42am

Hub Power finalising issuance of Rs6bn Sukuk

KARACHI: The Hub Power Company Limited through its wholly-owned subsidiary, Hub Power Holdings Limited, is in the... Published 20 Oct, 2020 02:42am

New LNG terminals: Senior govt officials quizzed by PM

ISLAMABAD: Prime Minister, Imran Khan, has, reportedly quizzed Petroleum Division and Finance Division for delay in... Updated 20 Oct, 2020 03:15am

SIDCL to go under planning ministry's control

ISLAMABAD: The government is all set to place Sindh Infrastructure Development Company Limited (SIDCL) under the... Published 20 Oct, 2020 02:42am

Afghanistan: Qureshi urges stakeholders to work towards reducing violence

ISLAMABAD: Foreign Minister Shah Mahood Qureshi Monday urged stakeholders in Afghanistan to honour their commitments... Published 20 Oct, 2020 02:42am

British CDS, COAS discuss Afghan peace process

RAWALPINDI: British Chief of the Defence Staff (CDS) General Sir Nicholas Patrick Carter on Monday called on Chief ... Published 20 Oct, 2020 02:42am

Public office appointments must be transparent: SC

ISLAMABAD: The Supreme Court Monday said the appointment in every public office should be made in a transparent... Published 20 Oct, 2020 02:42am

World

USA

US House Speaker Pelosi, Mnuchin narrow differences on aid bill, Pelosi spokesman says

Pelosi hopes that by the end of Tuesday there will be "clarity" on whether a coronavirus stimulus bill can be passed before the Nov. 3 elections.
The White House has proposed a $1.8 trillion stimulus to help Americans struggling with the economic ravages of the coronavirus pandemic.

Published 20 Oct, 2020 02:27am

Europe

UK insists EU must go further to break Brexit deadlock

LONDON: Britain on Monday welcomed signals that the European Union was ready to intensify stalled post-Brexit trade... Updated 20 Oct, 2020 03:22am

South Asia

Lawsuit accuses Indian hackers of leaking businessman's emails

Azima's suit alleges that Indian security company CyberRoot Risk Advisory and New Delhi-based BellTroX InfoTech Services carried out the hack-and-leak.
BellTroX founder Sumit Gupta could not be reached. Gupta, who is a fugitive from US justice in connection with a separate hacking case.

Published 20 Oct, 2020 12:59am

Middle East

"It's fair enough, this season we weren't there," a disappointed Dhoni said after Chennai's seventh loss from 10 matches.

Published 20 Oct, 2020 02:42am

Sports

A gentlemen here in Italy, whose name I won't mention, said I didn't obey the protocol - that's simply a lie.
"I followed all the protocols and I will continue to follow them, my conscience is clear.... Everything I did was authorised."

Updated 17 Oct, 2020 12:03am

Sports

National T20 Cup: PCB confirms player approach by bookmaker

Updated 16 Oct, 2020 03:26am

Sports

Italy's sports minister thinks Ronaldo broke health protocol

Published 16 Oct, 2020 12:11am