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Pakistan Published 10 Apr, 2021 04:55pm

NCOC extends existing COVID-19 restrictions till April 13

A detailed discussion and decision on non-pharmaceutical interventions (NPIs) during Ramazan will take place on Monday.
During the last 24 hours, Pakistan reported 5139 new positive cases and 100 deaths.

Markets

Pakistan needs economic transformation by changing incentive structure, Asad Umar

Published 10 Apr, 2021 10:20am

Pakistan

PTI, PML-N lock horns once again as polling begins for NA-75 Daska by-election

Updated 10 Apr, 2021 10:16am

Construction industry: PM says feels contented with increased activity

Published 10 Apr, 2021 04:34am

Covid-19: Proposed anti-smuggling law envisages heavy fines

Published 10 Apr, 2021 04:34am

SPI up 0.60pc WoW

Published 10 Apr, 2021 04:34am

Borrowers’ eCIB reports to reflect 2-year history: SBP

Published 10 Apr, 2021 04:34am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 10	152.80
USD PKR Interbank Buying / Apr 10	152.70
USD to Japanese Yen / Apr 10	109.67
USD to Swiss Franc / Apr 10	0.92
Pound Sterling to USD / Apr 10	1.37
Euro to USD / Apr 10	1.19
UK LIBOR % / Apr 10	0.07

Stock	Volume
S&P 500 / Apr 10	4128.80
India Sensex / Apr 10	49591.32
Tokyo Nikkei / Apr 10	29768.06
Nasdaq / Apr 10	13900.19
Hang Seng / Apr 10	28698.80
FTSE 100 / Apr 10	6915.75
Dow Jones / Apr 10	33800.60
Germany DAX 30 / Apr 10	15234.16
France CAC40 / Apr 10	6169.41

Item	Value
Crude Oil / Apr 10	59.32
Karachi Cotton Assoc. / Apr 10	10800.00
Gold 10 Grams / Apr 10	94564.00
Gold Spot / Apr 10	1744.80
Cotton / Apr 10	81.78

Gainers
Losers
Leaders

Stock	Price
786 Investments / Apr 11 786 Investments Limited(786)	9.18 ▼ 0.00 (0.00%)
AL- Abbas / Apr 11 Al-Abbas Sugar Mills Limited(AABS)	370.00 ▼ 0.00 (0.00%)
Agro Allianz / Apr 11 Agro Allianz limited(AAL)	11.10 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 11 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 11 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 11 Allied Bank Limited(ABL)	69.98 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 11 Abbott Laboratories (Pakistan) Limited(ABOT)	717.19 ▼ 0.00 (0.00%)
Abson Ind. / Apr 11 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Attock Cement / Apr 11 Attock Cement Pakistan Limited(ACPL)	169.87 ▼ 0.00 (0.00%)
Adam Sugar / Apr 11 Adam Sugar Mills Limited(ADAMS)	23.50 ▼ 0.00 (0.00%)

Stock	Price
786 Investments / Apr 11 786 Investments Limited(786)	9.18 ▼ 0.00 (0.00%)
AL- Abbas / Apr 11 Al-Abbas Sugar Mills Limited(AABS)	370.00 ▼ 0.00 (0.00%)
Agro Allianz / Apr 11 Agro Allianz limited(AAL)	11.10 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 11 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 11 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 11 Allied Bank Limited(ABL)	69.98 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 11 Abbott Laboratories (Pakistan) Limited(ABOT)	717.19 ▼ 0.00 (0.00%)
Abson Ind. / Apr 11 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Attock Cement / Apr 11 Attock Cement Pakistan Limited(ACPL)	169.87 ▼ 0.00 (0.00%)
Adam Sugar / Apr 11 Adam Sugar Mills Limited(ADAMS)	23.50 ▼ 0.00 (0.00%)

Stock	Volume

Markets →

Business & Finance

KSA enacts new law banning foreign employment

Under the new law, only Saudi nationals will be eligible to work in shopping malls, but only a few positions will be exempt from the law, details of which have not been released.

Published 10 Apr, 2021 03:11pm

BR Research

Petroleum Levy: Dream on!

The pressures on petroleum tax revenues are getting more obvious by the day. The smooth sailing in 1HFY21 is what ...

Published 09 Apr, 2021 07:26am

Saudi Aramco in $12.4bn oil pipeline deal with EIG-led group

In a separate statement, EIG, a Washington-based energy investment firm, said the new venture is valued at approximately $25.3 billion.

Published 10 Apr, 2021 04:59pm

Hammad lauds Pakistan’s fiscal response against COVID-19

The minister added that as a result, Pakistan has witnessed one of the smallest increases in public debt in the world after COVID-19, while sharing data of the International Monetary Fund (IMF) World Economic Outlook.

Published 10 Apr, 2021 01:46pm

BR Research

Crude oil – price strengthening amid turbulence

In the midst of rising coronavirus cases with many economies under the third spell of the virus, the general trend ...

Published 09 Apr, 2021 07:30am

Events leading up to China's $2.75 billion fine on Alibaba

The Alibaba business empire has come under intense scrutiny in China since its billionaire founder Jack Ma’s stinging public criticism of the country’s regulatory system in October.

Published 10 Apr, 2021 02:46pm

PRL seeks used complex to upgrade operations

The South Asian country currently has five refineries with a total capacity of 417,000 barrels per day (bpd), according to Pakistan's 2020 economic survey, the largest of which stands at 150,000 bpd.

Published 10 Apr, 2021 01:14pm

China's Didi picks Goldman, Morgan Stanley for mega U.S. IPO - sources

Didi, backed by Asian technology investment giants SoftBank, Alibaba and Tencent, is looking to list as soon as July, according to the people.

Published 10 Apr, 2021 10:24am

Airbus deliveries surge in March, sending shares higher

But the company’s net orders - which are adjusted for cancellations - remained in negative territory for the first quarter, with a total of minus 61 net orders dominated by a Norwegian cancellation unveiled in the previous month.

Published 10 Apr, 2021 10:18am

China fines Alibaba record $2.75 billion for anti-monopoly violations

The penalty, equivalent to around 4% of Alibaba’s 2019 revenues, comes amid an unprecedented regulatory crackdown on home-grown technology conglomerates in the past few months that have weighed on company shares.

Published 10 Apr, 2021 10:12am

Commodities

London cocoa prices fall as May's discount widens

May London cocoa was down by 39 pounds, or 2.4%, to 1,602 pounds a tonne.
May raw sugar rose by 0.45 cents, or 3.0%, to 15.63 cents per lb.
May arabica coffee rose by 0.3 cents, or 0.2%, to $1.2815 per lb.

Published 09 Apr, 2021 08:58pm

BR Research

Cement: Primed to shine

Despite high domestic inflation, supply disruptions due to covid and the recurrence of the virus itself—which has...

Published 09 Apr, 2021 07:35am

BR Research

Covid: Relief in the offing?

After tightening Covid-related restrictions (but still short of a brief-but-strict lockdown) in the face of third...

Published 09 Apr, 2021 07:40am

BR Research

Interview with Turab Randhawa, Founder at The KO/V Health Company

“Aim to bring a human-led normalcy and confidence back.” Turab Randhawa is the founder of the upcoming startup,...

Published 09 Apr, 2021 07:45am

BR Research

The murky origins of commodity operations debt

Yesterday, this section highlighted that SBP’s wheat procurement financing framework perversely favours public...

Published 08 Apr, 2021 07:25am

BR Research

Fuel adjustments remain high

Another 64 paisas per unit gets added to the monthly Fuel Charges Adjustment (FCA) for February 2021. This takes the...

Published 08 Apr, 2021 07:30am

BR Research

Treading softly?

The cabinet’s U-turn on allowing imports of sugar and cotton yarn from India has dismayed businesses and peaceniks...

Published 08 Apr, 2021 07:35am

Pakistan

NCOC extends existing COVID-19 restrictions till April 13

A detailed discussion and decision on non-pharmaceutical interventions (NPIs) during Ramazan will take place on Monday.
During the last 24 hours, Pakistan reported 5139 new positive cases and 100 deaths.

Published 10 Apr, 2021 04:55pm

DRAP allows IDC, Shifa International Hospital to resume COVID-19 vaccination after verification of cold chain monitoring

On April 7, DRAP had stopped both the centers from administering Sputnik V, saying that they deviated from the recommended storage temperature of the vaccine.

Published 10 Apr, 2021 01:51pm

Jahangir Tareen, son's bail extended in FIA cases

A banking crimes court granted pre-arrest bail to the two till April 17 and sought arguments from the FIA and other parties on the jurisdiction.
Lahore sessions court also extended the interim bail of the Tareens till April 22

Published 10 Apr, 2021 12:13pm

PTI, PML-N lock horns once again as polling begins for NA-75 Daska by-election

The NA-75 seat fell vacant after the death of PML-N MNA Syed Iftikharul Hassan last year.
A tight contest is being expected between PML-N's Nosheen Iftikhar and PTI’s Ali Asjad Malhi.

Updated 10 Apr, 2021 10:16am

Bus stands in capital to be closed on Saturdays, Sundays

ISLAMABAD: All bus stands in the federal capital would remain close from Friday night 12am till Sunday night 12am,... Published 10 Apr, 2021 04:35am

Smart Agriculture, AI: UET-ARAL inks MoU with Xypher Technologies

PESHAWAR: The Advanced Robotics and Automation Lab (ARAL), University of Engineering and Technology (UET) Peshawar... Published 10 Apr, 2021 04:35am

Agreement inked with PITB: National Freelance Training Centre to be set up at IIUI

ISLAMABAD: International Islamic University, Islamabad (IIUI) and the Punjab Information Technology Board (PITB)... Published 10 Apr, 2021 04:35am

NA body told: Revamping of railways infrastructure needs billions of dollars

ISLAMABAD: Railway tracks in Pakistan have exceeded their normal age; therefore, billions of dollars would be... Published 10 Apr, 2021 04:35am

Latest

President signs Act aimed at facilitating trade into law

ISLAMABAD: President Dr Arif Alvi Friday signed into law the Pakistan Single Window Act, 2021, and the Senate... Published 10 Apr, 2021 04:34am

Asim made FBR chairman

ISLAMABAD: Asim Ahmad, FBR Member IT (BS-21 officer of Inland Revenue Service), has assumed the charge of chairman... Published 10 Apr, 2021 04:34am

Details of sweeping effort to counter China emerge in US Senate

WASHINGTON: Leaders of the US Senate Foreign Relations Committee introduced legislation on Thursday to boost the... Published 10 Apr, 2021 04:34am

Additional power to KE: NTDC gives its consent

ISLAMABAD: National Transmission and Despatch Company (NTDC) is said to have given its consent for provision of... Published 10 Apr, 2021 04:34am

12 more power projects: Nepra reduces RoE, RoEDC, O&M, insurance components

ISLAMABAD: National Electric Power Regulatory Authority (Nepra) on Friday reduced Return on Equity (RoE), Return on... Published 10 Apr, 2021 04:34am

Illegalities, irregularities by OMCs: Cabinet asks Ogra to redefine punitive measures

ISLAMABAD: The Federal Cabinet has directed Oil and Gas Regulatory Authority (Ogra) to redefine punitive measures ... Published 10 Apr, 2021 04:34am

Rich and poor: WHO slams ‘shocking’ vaccine imbalance

GENEVA: The World Health Organization on Friday condemned the chasm between rich and poor nations in accessing... Published 10 Apr, 2021 04:34am

Seven fighters martyred

OCCUPIED SRINAGAR: Indian security forces martyred seven freedom fighters in two clashes as Indian Illegally ... Published 10 Apr, 2021 04:34am

World

China

Chinese regulators fine Alibaba $2.78 billion over monopolistic market abuse

Regulators in China have punished e-commerce giant Alibaba with a massive $2.78 billion (18.2 billion yuan) fine over practices deemed to be an abuse of the company's dominant (and monopolistic) market position.
Alibaba in particular has remained under scrutiny since last year, when co-founder Jack Ma criticised Chinese regulators as being "behind the times", after the company's financial arm Ant Group was investigated.

Published 10 Apr, 2021 01:24pm

Europe

Coronavirus toll at 1000 GMT Saturday

At least 134,648,510 cases of coronavirus have been registered.

Published 10 Apr, 2021 04:50pm

South Asia

China's COVID-19 vaccine output to hit 3 billion by year-end: official

Sinopharm said on Friday that it will be able to supply 100 million COVID-19 vaccines a month starting from April.

Published 10 Apr, 2021 06:16pm

Middle East

Iran starts up advanced centrifuges in nuclear deal breach

Rouhani inaugurated the three cascades of 164 IR-6 centrifuges, 30 IR-5 and another 30 IR-6 devices at Iran's Natanz uranium enrichment plant in a ceremony broadcast by state television.

Published 10 Apr, 2021 04:43pm

Pakistan struck back strongly in the last four overs after South Africa had been well-placed at 159 for three after 16 overs.

Published 10 Apr, 2021 07:59pm

Sports