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Published 15 Jul, 2020 07:34pm

International airlines make coronavirus test mandatory for Pakistani passengers

The travellers are required to take corona test no earlier than 96 hours before boarding the flight

Business

SBP issues mandatory Targets for Housing and Construction Finance

Published 15 Jul, 2020 05:27pm

Pakistanis join protests against Armenia as Pakistan condemns attack on Azerbaijan

Published 15 Jul, 2020 05:10pm

Nishtar Medical University VC Dr Pasha dies of coronavirus

Published 15 Jul, 2020 04:13pm

Sindh reports 1140 new cases, 25 deaths

Updated 15 Jul, 2020 04:20pm

Diamer-Bhasha Dam will generate low-cost hydel power in country: PM

Published 15 Jul, 2020 02:56pm

Business

Diamer Bhasha commencement of construction a ‘historic milestone’, says Bajwa

Updated 15 Jul, 2020 01:53pm

Forex
World
Econ

Currency	Rate
USD PKR Interbank Selling / Jul 15	166.80
USD PKR Interbank Buying / Jul 15	166.60
USD to Japanese Yen / Jul 15	107.25
USD to Swiss Franc / Jul 15	0.94
Pound Sterling to USD / Jul 15	1.26
Euro to USD / Jul 15	1.14

Stock	Volume
S&P 500 / Jul 15	3197.52
India Sensex / Jul 15	36033.06
Tokyo Nikkei / Jul 15	22587.01
Nasdaq / Jul 15	10488.58
Hang Seng / Jul 15	25477.89
FTSE 100 / Jul 15	6179.75
Dow Jones / Jul 15	26642.59
Germany DAX 30 / Jul 15	12697.36
France CAC40 / Jul 15	5007.46

Indicator	Value
Weekly Foreign Reserves / Jul 14	18790.10
GDPGROWTH / Jul 14	5.40
Foreign Debt / Jul 14	15087.50
Per Capita Income (CPI) / Jul 14	1516.00
Average CPI / Jul 14	11.11
UK LIBOR / Jul 15	0.34

Gainers
Losers
Leaders

Stock	Price
Samin Textile / Jul 15 Samin Textiles Limited(SMTM)	3.7000 ▲ (0.40%) (6.06%)
B.R.R. Mod. / Jul 15 B.R.R. Guardian Modaraba(BRR)	8.5000 ▲ (0.45%) (5.59%)
Dadex Eternit / Jul 15 Dadex Eternit Limited(DADX)	23.7000 ▲ (1.45%) (2.79%)
Shaheen Ins. / Jul 15 Shaheen Insurance Company Limited(SHNI)	3.4200 ▲ (0.07%) (2.09%)
F.Treet Manuf.Mod / Jul 15 First Treet Manufacturing Modaraba(FTMM)	12.2000 ▲ (0.15%) (1.24%)
Ados Pakistan / Jul 15 Ados Pakistan Limited(ADOS)	25.8300 ▲ (0.34%) (0.35%)
A. Shah Ghazi / Jul 15 Abdullah Shah Ghazi Sugar Mills Limited(AGSML)	2.4033 ▲ (0.16%) (0.09%)
Pak Tobacco / Jul 15 Pakistan Tobacco Company Limited(PAKT)	1587.0000 ▲ (18.00%) (0.05%)
Bata (Pak) / Jul 15 Bata Pakistan Limited(BATA)	1440.3514 ▲ (100.36%) (-0.00%)
Premier Sugar / Jul 15 The Premier Sugar Mills(PMRS)	501.0000 ▼ (0.00%) (0.00%)

Stock	Price
PICIC Insurance / Jul 15 PICIC Insurance Limited(PIL)	0.7900 ▼ (0.17%) (-19.48%)
Chakwal Spinng / Jul 15 Chakwal Spinning Mills Limited(CWSM)	1.9700 ▼ (0.36%) (-18.27%)
First Elite Cap. Mod. / Jul 15 First Elite Capital Modaraba(FECM)	2.3500 ▼ (0.35%) (-14.89%)
Bolan Castings / Jul 15 Bolan Castings Limited(BCL)	68.1800 ▼ (12.18%) (-14.69%)
Bal. Particle Board / Jul 15 Balochistan Particle Board Limited(BPBL)	11.0000 ▼ (2.00%) (-13.64%)
Metro Steel / Jul 15 Metropolitan Steel Corporation Limited(MSCL)	11.5400 ▼ (1.54%) (-13.34%)
Pervez Ahmed Cons. / Jul 15 Pervez Ahmed Consultancy Services Ltd.(PASL)	0.8600 ▼ (0.11%) (-12.79%)
Hinopak Motors / Jul 15 Hinopak Motors Limited(HINO)	562.6600 ▼ (82.66%) (-10.11%)
Ravi Textile / Jul 15 Ravi Textile Mills Limited(RAVT)	3.2500 ▼ (0.25%) (-7.69%)
Worldcall / Jul 15 Worldcall Telecom Limited(WTL)	1.0400 ▼ (0.07%) (-6.73%)

Stock	Volume
Maple Leaf / Jul 15 Maple Leaf Cement Factory Limited(MLCF)	20,730,500 ▼ (1.07%)
Pak Petroleum / Jul 15 Pakistan Petroleum Limited(PPL)	19,109,325 ▼ (3.95%)
Pak Elektron / Jul 15 Pak Elektron Limited(PAEL)	18,598,500 ▼ (2.81%)
K-Electric Ltd / Jul 15 K-Electric Limited(KEL)	13,676,500 ▼ (0.31%)
Jahangir Sid. Co. / Jul 15 Jahangir Siddiqui & Co. Ltd.(JSCL)	11,195,500 ▼ (1.04%)
Unity Foods / Jul 15 Unity Foods Limited(UNITY)	10,583,000 ▼ (0.63%)
Pak Int.Bulk Ter / Jul 15 Pakistan International Bulk Terminal Limited(PIBTL)	9,856,500 ▼ (0.43%)
Lotte Chemical / Jul 15 Lotte Chemical Pakistan Limited(LOTCHEM)	9,402,500 ▼ (0.40%)
TRG Pak. / Jul 15 TRG Pakistan Limited(TRG)	9,343,500 ▼ (0.79%)
Hascol Petroleum / Jul 15 Hascol Petroleum Limited(HASCOL)	8,324,500 ▼ (0.25%)

Business

Energy

OPEC+ eases record oil cuts as economy recovers from pandemic

Producers set to ease cuts to 8.54 mln bpd from Aug.
New cuts to include compensations by Iraq and others.
Second virus wave could deepen demand hit.
Oil trades above $40/bbl, US output slowly recovering.

Published 15 Jul, 2020 09:03pm

BR Research

Power sector reform: form over substance?

Energy is the biggest economic mess this government has inherited and fixing it is imperative for economy to move on...

Published 15 Jul, 2020 08:11am

Energy

Oil climbs on US stock draw but gains capped as OPEC+ set to ease cuts

US crude inventories fall 7.5 mln bbls last week-EIA.
OPEC+ set to ease record oil cuts from August.
Moderna Phase 1 results show coronavirus vaccine safe.

Published 15 Jul, 2020 09:02pm

Forex

Rouble slips despite positive trend in emerging markets

Markets were optimistic after Moderna Inc said on Tuesday that its experimental vaccine for COVID-19 was safe and provoked immune responses.
Oil prices rose on Wednesday after EIA data showed a bigger-than-expected draw in US crude inventories.

Published 15 Jul, 2020 08:59pm

BR Research

The lockdown surprise

June 2020 brought in record monthly home remittance in the country – up by 51 percent year-on-year to $2.47...

Published 15 Jul, 2020 08:10am

Industry

Vaccine alliance says 75 countries keen to join ‘COVAX’ access facility

The 75 countries, which would finance the vaccines from public budgets, will partner with up to 90 poorer countries supported through voluntary donations to GAVI's COVAX Advance Market Commitment (AMC).
"COVAX is the only truly global solution to the COVID-19 pandemic," Seth Berkley, GAVI's chief executive.

Published 15 Jul, 2020 08:53pm

Stocks

Banks lift Saudi index; blue-chip sell-off dents Egypt

Nine of 11 Saudi Arabian banks advance.
In Egypt's blue-chip index all shares fall but one.
Bank Dhofar tumbles as H1 profit shrinks.

Published 15 Jul, 2020 08:46pm

Industry

Reliance's $15bn stake sale deal with Aramco delayed

Due to unforeseen circumstances in the energy market and the Covid-19 situation, the deal (with Saudi Aramco) has not progressed as per the original timeline.
Reliance shares fell more than 6% after Ambani's comment on the Aramco deal. The shares closed down 3.8% at 1,844 rupees each.

Published 15 Jul, 2020 08:40pm

Money & Banking

Russian central bank, ahead of key rate meeting, says soft policy to help boost prices

Last month, the central bank slashed its key rate to an all-time low of 4.5%. With inflation now standing at 3.2% and the economy yet to recover from COVID-19.
Economic activity is recovering gradually, supporting disinflationary pressure on the economy.

Published 15 Jul, 2020 08:38pm

Financial

Yield rise as COVID vaccine hopes boost risk appetite

The market is trading fairly 'risk on' on vaccine hopes," said Gennadiy Goldberg, an interest rate strategist at TD Securities in New York. "It's largely COVID news driving the price action recently.
Benchmark 10-year notes rose three basis points to 0.648%. They have held in a tight range from 0.569% to 0.784% since mid-June.

Published 15 Jul, 2020 08:33pm

Energy

Oil steady after Saudi minister signals OPEC+ may reduce cuts

Brent hovers above $43/bbl, WTI holds above $40/bbl.
OPEC+ set to ease record oil cuts from Aug.
US crude inventories fall by 8.3 mln bbls last week-API.

Published 15 Jul, 2020 08:31pm

BR Research

Wheat prices: temporary respite?

National wheat prices appear to have finally plateaued. For the week ending 09-July, 10kg wheat bag price as tracked...

Published 15 Jul, 2020 08:09am

BR Research

Behind Google’s billions

It has been a while that tech giants maxed out growth prospects in the so-called global north and started looking...

Published 15 Jul, 2020 08:08am

BR Research

Blessed Textiles Limited

Blessed Textiles Limited (PSX: BTL) was established as a public limited company. It is part of the larger Umer Group...

Published 15 Jul, 2020 08:06am

BR Research

HIES: Urban-rural income distribution (and errors)

The latest version of Pakistan Bureau of Statistics’ (PBS) flagship publication, Household Integrated Economic...

Published 14 Jul, 2020 08:48am

BR Research

On World Population Day

In 2006, Dr. Durre Nayab’s pioneering work on Pakistan’s demographic dividend made that once-obscure expression...

Published 14 Jul, 2020 08:47am

BR Research

Sugar exports: déjà vu?

Less than four months into the release of “bombshell” Sugar Inquiry Report that lambasted country's export ...

Published 14 Jul, 2020 08:47am

Pakistan

Over Rs150bn distributed so far under Ehsaas Emergency Cash Program

The statement said that Rs69.68 billion was distributed among more than 57.58 million people in Punjab and Rs7.73 billion was distributed among more than 636,000 people in Balochistan.

Published 15 Jul, 2020 03:18pm

Sindh CM allows cattle markets to operate

He said government will issue SOPS.

Updated 15 Jul, 2020 03:17pm

Govt has added 1,825 oxygenated beds to hospitals across Pakistan: Asad Umar

The government had decided to add 2000 beds across Pakistan.

Updated 15 Jul, 2020 02:10pm

Sindh to issue smart cards instead of vehicle registration books

The provincial minister for excise and taxation said that the smart card would contain all the tax records of the vehicle owner and the vehicle, security features of the vehicles and number plates would also be prepared.

Published 15 Jul, 2020 11:52am

Marriage hall opening: Sindh to take decision as per centre's guidelines: minister

KARACHI: Sindh Minister for Information and Local Government Syed Nasir Hussain Shah on Tuesday said the provincial...

Updated 15 Jul, 2020 03:22am

Illegal lifting of Reti, Bajri: SHC issues notices to secretaries, others

KARACHI: Sindh High Court (SHC) Tuesday issued notices to Sindh Secretaries of Mines & Mineral Development, Home...

Updated 15 Jul, 2020 03:11am

LHC requested to ban TikTok

LAHORE: A citizen has approached the Lahore High Court with prayer to ban a famous mobile phone video application,...

Updated 15 Jul, 2020 03:10am

Cattle markets: Over 1,000 cops to be deployed

LAHORE: The city police have decided to depute over 1,000 police officials for the security of 12 designated cattle...

Updated 15 Jul, 2020 03:25am

Marriage halls: Owners postpone protest after minister's assurance

LAHORE: Owners of marriage halls across Punjab have postponed their protest after the Punjab government announced to...

Updated 15 Jul, 2020 03:25am

Archroma begins production of hand sanitizers

ISLAMABAD: As part of its active engagement in the fight against Covid-19, Archroma, a global leader in colour and...

Updated 15 Jul, 2020 03:26am

Latest

Trump ends Hong Kong trade preferences, backs banking sanctions

In a news conference driven by criticism of his domestic rivals, Trump declared himself to be tougher than ever on China including over its treatment of the financial capital.

Published 15 Jul, 2020 03:23am

Decisions on KE, gas prices in next Cabinet meeting: Provinces asked to constitute finance commissions

ISLAMABAD: Minister for Information and Broadcasting Shibli Faraz has said that the federal cabinet will take...