News stories for Zaheer Abbasi

Zaheer Abbasi

Portal for jobless launched: Pandemic may prolong for six months or a year: PM

Prime Minister Imran Khan, after launching a portal for registration of those who have lost employment due to lockdown so as to provide them cash support, Saturday said that the coronavirus pandemic might prolong for six months to a year, and therefore pe

Updated 03 May, 2020 04:51am

Covid-19 cases far less as compared to other states: PM

Prime Minister Imran Khan has stated that situation in Pakistan is not as bad in terms of the Covid-19 as in other countries especially Western countries and the number of cases in Pakistan is far less as compared to the projection for April 30, 2020.

Published 01 May, 2020 12:54am

Pakistan

Long-term plan and vision pre-requisite for uplift, prosperity: PM

Prime Minister Imran Khan stated on Thursday that a long-term plan, self-belief and vision are pre-requisite for the development and prosperity of the country, adding that the government has been working to chalk out such a plan.

Published 01 May, 2020 12:54am

Ecnec approves four projects of over Rs 249 billion

A meeting of the Executive Committee of the National Economic Council (Ecnec) has approved four projects of over Rs249 billion for infrastructure, health as well as agriculture and water sectors (Diamer-Bhasha Dam Project acquisition of land and resettlem

Published 01 May, 2020 12:54am

MFPCB informed of Covid-19 impacts on GDP, exports

A meeting of the Monetary and Fiscal Policies Co-ordination Board (MFPCB) presided by the adviser on Finance Dr Abdul Hafeez Shaikh has been informed of serious impacts of coronavirus pandemic on GDP growth as well as on aggregate demand and supply and th

Published 01 May, 2020 12:54am

Civil servants' retirement: PM directs ED to implement new rules

Prime Minister Imran Khan Wednesday issued directives to the Establishment Division for implementation of new rules for retirement of civil servants, and exercise laid under the rules must be completed within a month, so that the performance of civil serv

Published 30 Apr, 2020 12:07am

Cash withdrawals: Government decides to abolish 0.6 percent WHT

The government has decided to abolish 0.6 percent withholding tax on cash withdrawals from banks/issuance of banking instruments by customers bringing foreign remittances into Pakistan from July 1, 2020 to encourage use of formal (banking) channels.

Published 28 Apr, 2020 11:42pm

ECC approves Rs 51 billion package for SMEs

The Economic Coordination Committee (ECC) of the Cabinet has approved the prime minister's relief package of Rs50.69 billion for small and medium enterprises (SMEs) through pre-paid electricity and credit loss subsidy of Rs30 billion for the risk sharing

Published 28 Apr, 2020 12:54am

Think tank for further downward revision in policy rate

A meeting of the think tank recently formed by the prime minister to deliberate on the Covid-19-related economic downturn and mitigation of ensuing risk on Saturday, emphasized the need for further downward revision in policy rate, coupled with passing on

Published 25 Apr, 2020 09:49pm

Ministries, divisions: MoF sets up desk for receiving budget orders

The Finance Ministry has set up a front desk in the ministry for receiving budget orders from the ministries and divisions for the next fiscal year, and has directed that only one relevant person along with summary of demands should approach the desk owin

Published 25 Apr, 2020 09:49pm

Government finding it difficult to reach out to SMEs: PM

The Prime Minister, Imran Khan, has said the government would unveil incentives in the second phase for small and medium enterprises (SMEs) and incentives for the industries would increase incrementally in the days ahead.

Published 24 Apr, 2020 02:52am

Ehsaas Emergency Cash Programme: Rs 65.249 billion disbursements made to 5.437m beneficiaries, PM told

Prime Minister Imran Khan has been informed that overall disbursements of Rs65.249 billion have been made to 5.437 million beneficiaries across the country in categories 1 and 2 under the Ehsaas Emergency Cash Programme.

Published 23 Apr, 2020 02:53am

Pakistan

Food items: Centre, provinces collaborating to ensure availability

The government said on Tuesday that the federal government and the provinces are working in collaboration to ensure availability of food items in the country after parliamentarians stated prices of essential commodities have increased considerably.

Published 22 Apr, 2020 02:52am

Power sector: Decision on inquiry report to be taken by cabinet

A meeting of the Cabinet Committee on Energy (CCoE) has decided that a decision on making the inquiry report on power sector public would be taken by the federal cabinet.

Published 21 Apr, 2020 03:03am

Smuggling causing great harm to economy: PM

Prime Minister Imran Khan said on Friday that intelligence agencies would be asked to identify people involved in hoarding and smuggling.

Published 18 Apr, 2020 12:00am

Covid-19 shock to cause big impact on BoP

Pakistan's primary deficit is now expected to deteriorate to 2.9 percent of GDP in fiscal year 2020 (from 0.8 percent expected earlier) due to a 1.8 percentage point decline in tax revenue relative to the pre-virus baseline and the needed higher spending

Published 18 Apr, 2020 12:00am

Pakistan

Ehsaas emergency cash transfer programme: Centre disburses Rs 44.194 billion in 7 days

The federal government has disbursed till to date Rs44.194 billion during the last seven days to 3.692 million deserving families under Ehsaas emergency cash transfer programme and started payment to male beneficiaries in category 2 from Thursday with mos

Published 17 Apr, 2020 12:00am

MoF-FBR body to resolve liquidity issues: Refunds held up since 2014 to be paid next week: Hafeez

Adviser to the Prime Minister on Finance, Dr Abdul Hafeez Shaikh Thursday assured the industry and businesses of the government's resolve to provide liquidity, cash flow and other allied issues to ease their difficulties in the prevailing situation and wo

Published 17 Apr, 2020 12:00am

Pakistan

Cut-off date for release of PSDP funds extended

The Finance Division has extended the cut-off date for the release of Public Sector Development Programme (PSDP) funds as well as surrender of anticipated savings by the ministries and divisions for the current fiscal year in an effort to ensure maximum s

Published 16 Apr, 2020 12:00am

Curbs eased for certain industries

Prime Minister Imran Khan Tuesday announced that the construction industry had been allowed to operate with immediate opening of basic things for the industry in the first phase however, lockdown of public places would remain for the next two weeks.

Published 15 Apr, 2020 12:00am

Gainers
Losers
Leaders

Stock	Price
Pak Gen.Ins. / Mar 29 The Pakistan General Insurance Co. Ltd.(PKGI)	4.42 ▲ 0.62 (16.32%)
Popular Islamic / Mar 29 Popular Islamic Modaraba(PIM)	8.15 ▲ 1.00 (13.99%)
KASB Modaraba / Mar 29 KASB Modaraba(KASBM)	1.24 ▲ 0.15 (13.76%)
Invest Bank / Mar 29 Invest Capital Investment Bank Limited(ICIBL)	1.19 ▲ 0.10 (9.17%)
Khyber Tex. / Mar 29 Khyber Textile Mills Limited(KHYT)	369.70 ▲ 25.79 (7.50%)
J.K.Spinning / Mar 29 J.K. Spinning Mills Limited(JKSM)	43.32 ▲ 3.02 (7.49%)
Khairpur / Mar 29 Khairpur Sugar Mills Limited(KPUS)	67.61 ▲ 4.71 (7.49%)
Quetta Textile / Mar 29 Quetta Textile Mills Limited(QUET)	15.22 ▲ 1.06 (7.49%)
Zahid Jee Textile / Mar 29 Zahidjee Textile Mills Limited(ZAHID)	26.87 ▲ 1.87 (7.48%)
Shield Corp. / Mar 29 Shield Corporation Limited(SCL)	304 ▲ 20.89 (7.38%)

Stock	Price
Pak. P.V.C. / Mar 29 Pakistan PVC Limited(PPVC)	3.91 ▼ -0.99 (-20.20%)
First Pak Mod. / Mar 29 First Pak Modaraba(PAKMI)	1.20 ▼ -0.20 (-14.29%)
Bilal Fibres / Mar 29 Bilal Fibres Limited(BILF)	2.15 ▼ -0.29 (-11.89%)
Unicap Modaraba / Mar 29 Unicap Modaraba(UCAPM)	1.61 ▼ -0.19 (-10.56%)
U.D.L.Modaraba / Mar 29 First UDL Modaraba(FUDLM)	4.71 ▼ -0.49 (-9.42%)
Media Times Ltd / Mar 29 Media Times Limited(MDTL)	1.82 ▼ -0.16 (-8.08%)
Ghazi Fabrics / Mar 29 Ghazi Fabrics International Limited(GFIL)	4.07 ▼ -0.34 (-7.71%)
Saritow Spinning / Mar 29 Saritow Spinning Mills Limited(SSML)	4.03 ▼ -0.33 (-7.57%)
Metro Steel / Mar 29 Metropolitan Steel Corporation Limited(MSCL)	27.39 ▼ -2.22 (-7.50%)
Nimir Ind.Chem. / Mar 29 Nimir Industrial Chemicals Limited(NICL)	57.77 ▼ -4.68 (-7.49%)

Stock	Volume
Telecard Limited / Mar 29 Telecard Limited(TELE)	23,781,500 ▼ -0.33
WorldCall Telecom / Mar 29 Worldcall Telecom Limited(WTL)	9,342,048 ▼ -0.02
Pakistan Alumin / Mar 29 Pakistan Aluminium Beverage Cans Limited(PABC)	7,635,500 ▼ -2.29
Pak Int.Bulk / Mar 29 Pakistan International Bulk Terminal(PIBTL)	5,999,500 ▼ -0.17
Nishat Mills Ltd / Mar 29 Nishat Mills Limited(NML)	4,517,772 ▼ -0.92
Shifa Int.Hosp / Mar 29 Shifa International Hospitals Limited(SHFA)	4,299,000 ▲ 8.00
Pak Elektron / Mar 29 Pak Elektron Limited(PAEL)	4,048,000 ▼ -0.07
K-Electric Ltd. / Mar 29 K-Electric Limited(KEL)	3,769,542 ▼ -0.02
Habib Bank / Mar 29 Habib Bank Limited(HBL)	3,527,993 ▼ -1.26
D.G.K.Cement / Mar 29 D.G. Khan Cement Company Limited(DGKC)	3,430,473 ▼ -0.07

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 29	284
USD PKR Interbank Buying / Mar 29	283.40
USD to Japanese Yen / Mar 29	131.67
USD to Swiss Franc / Mar 29	0.92
Pound Sterling to USD / Mar 29	1.23
Euro to USD / Mar 29	1.08
UK LIBOR % / Mar 28	4.81

Stock	Volume
S&P 500 / Mar 28	3971.27
Nasdaq / Mar 28	11716.08
Dow Jones / Mar 28	32394.25
India Sensex / Mar 29	57772.50
Tokyo Nikkei / Mar 29	27883.78
Hang Seng / Mar 29	20191.68
FTSE 100 / Mar 29	7506.30
Germany DAX 30 / Mar 29	15242.54
France CAC40 / Mar 29	7139.99

Item	Value
Karachi Cotton PKR/37.32 KG / Mar 28	18935
Gold 10 Grams PKR / Mar 28	175411
Crude Oil USD/Barrel / Mar 29	73.63
Gold Spot USD/Ounce / Mar 29	1966.74
Cotton US¢/pound / Mar 29	82

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