Print - Business Recorder

Print - 2021-05-07

World Print: May 07, 2021

Malaysia bans flights from Pakistan, Bangladesh

Malaysia has banned flights from Sri Lanka, Bangladesh, Pakistan and Nepal.
People from these countries will not be allowed to enter Malaysia from May 8.

Markets Print: May 07, 2021

ASIA RICE-Prices drop to mid-November lows as India reels from COVID-19 surge

"A couple of ships have arrived from Africa this month to pick up rice," a Bangkok-based trader said.

World Print: May 07, 2021

Maldives ex-president Nasheed, wounded in blast, undergoing surgery

President Ibrahim Mohamed Solih, a close ally of Nasheed, said Thursday's blast was an attack on Maldives' "democracy and economy."

World Print: May 07, 2021

Thailand expects up to 20mn doses of Pfizer vaccine from July

The Southeast Asian country also reported 2,044 new coronavirus cases, bringing the total number of confirmed infections to 78,855 since the pandemic began last year.

Markets Print: May 07, 2021

Stocks rally into US jobs report as commodity prices surge

The 10-year Treasury note yielded 1.5682% in Asia.

Markets Print: May 07, 2021

Palm set for biggest weekly gain in two decades on supply worries

Dalian's most-active soyoil contract rose 1.8%, while its palm oil contract gained 2.4%. Soyoil prices on the Chicago Board of Trade were up 1%.

Markets Print: May 07, 2021

US oil may fall to $63.88

The uptrend from $33.64 remains unchanged.

Markets Print: May 07, 2021

Palm oil targets 4,331-4,393 ringgit range

On the daily chart, the uptrend has just been confirmed. It looks steady and may develop faster over the next few weeks.

Markets Print: May 07, 2021

CBOT wheat may revisit April 27 high of $7.69-1/2

Based on the depth of the correction from the April 27 high of $7.69-1/2, this wave may extend to $8.27-1/2.

Markets Print: May 07, 2021

CBOT corn may rise into $7.38 to $7.49-1/2 zone

On the daily chart, the uptrend from $5.18-1/4 consists of many smaller waves. A five-wave cycle from $5.52-3/4 is still developing.

Markets Print: May 07, 2021

CBOT soybeans may rise to $16.18-3/4

A correction from the current level will be regarded as a pullback towards the former resistance at $15.74-3/4, now a support.

Markets Print: May 07, 2021

Spot gold may test resistance at $1,830

On the daily chart, gold is rising towards a falling trendline, which suggests a target around $1,850.

Markets Print: May 07, 2021

Gold set for best week in 6 months on softer dollar, yields

Spot gold may test a resistance at $1,830 per ounce, a break above could lead to a gain to $1,847, according to Reuters technical analyst Wang Tao.

Markets Print: May 07, 2021

Yuan set for longest weekly winning streak since Sept

Export growth unexpectedly picked up in April, data showed on Friday, as the world's second-largest economy extended its recovery from the COVID-19 pandemic.

Markets Print: May 07, 2021

Canadian dollar rises by most in 11 months as commodities jump

Analysts expect Canada's employment report on Friday to show the economy shed 175,000 jobs in April as restrictions were tightened in some provinces to contain the coronavirus pandemic.

Markets Print: May 07, 2021

Australia, NZ dollars near 1-wk highs, eyes on US jobs data

New Zealand government bonds fell with yields about two basis points higher across the curve.

Markets Print: May 07, 2021

Indonesia end-April forex reserves up $1.7bn at $138.8bn

The end-April reserve level of $138.8 billion matched February's level, which was the highest on record.

Markets Print: May 07, 2021

Dollar on backfoot ahead of US jobs data

Although the polls already closed at 2100 GMT, votes will not be counted until Friday morning due to the coronavirus pandemic.

Markets Print: May 07, 2021

Australia shares flat as healthcare, tech stocks cap gains in miners

In New Zealand, the benchmark S&P/NZX 50 index edged higher to 12,752.9, with losses in healthcare and utilities offsetting gains in banks.

Markets Print: May 07, 2021

Australia shares likely to open higher, NZ edges up

The local share price index futures rose 0.3%, a 18.7-point discount to the underlying S&P/ASX 200 index close.

Pakistan Print: May 07, 2021

PML-N leader Ahsan Iqbal's name put on ECL

The Ministry of Interior has placed Ahsan Iqbal's name on the no-fly list keeping in view the corruption cases he is facing
Iqbal is facing the Narowal Sports City reference filed by the National Accountability Bureau

Markets Print: May 07, 2021

Hong Kong stocks end morning with gains

The Hang Seng Index climbed 0.52 percent, or 149.65 points, to 28,787.11.

Markets Print: May 07, 2021

Asian markets rally on US outlook, iron ore at record high

Copper, a key indicator of the state of the global economy owing to its use in a multitude of products, is also approaching an all-time high, having recently broken $10,000 a ton for the first time in 10 years.

Markets Print: May 07, 2021

Hong Kong shares rise at open

The Hang Seng Index edged up 0.29 percent, or 83.67 points, to 28,721.13.

World Print: May 07, 2021

UK ruling party targets shock win in opposition stronghold

One of the last opinion surveys before Thursday gave Johnson's ruling party a double-digit lead in the seat, which if confirmed would represent a serious blow to Labour leader Keir Starmer ahead of the next general election due in 2024.

Markets Print: May 07, 2021

Tokyo stocks open lower on virus worries

SoftBank Corp was up 0.10 percent at 1,431 yen while its parent SoftBank Group was off 0.25 percent at 10,015 yen.

Technology Print: May 07, 2021

Twitter suspends accounts skirting Trump ban

The ex-president launched a page on his website earlier this week promising comment "straight from the desk of Donald J Trump."

Sports Print: May 07, 2021

Ronaldo and Ibrahimovic face off in battle for Champions League spot

Juve have won each of their last nine Serie A home matches against Milan, who also face a tough final fixture at Atalanta later this month.

Sports Print: May 07, 2021

Focused Phil Mickelson leads by two at Quail Hollow

Mickelson maintained his advantage with a par save at the ninth.

Technology Print: May 07, 2021

Facebook panel punt on Trump puts onus back on Zuckerberg

That is not surprising, according to Sarah Roberts, an assistant professor of information studies at University of California, Los Angeles.

Sports Print: May 07, 2021

Solskjaer blasts United's tight schedule after reaching Europa League final

"The second half today was disappointing, very, very poor, but we're in the final," he said.

Sports Print: May 07, 2021

Aussie star Hewitt delays Tennis Hall of Fame entry to 2022

Hewitt, 40, won the 2001 US Open and 2002 Wimbledon singles titles and was runner-up at the 2004 US Open and 2005 Australian Open.

World Print: May 07, 2021

UK votes as independence debate heats up in Scotland

The Hartlepool result is due in the early hours of Friday, and the other outcomes will take shape over the weekend. Social distancing rules for ballot counters are expected to slow down the process.

World Print: May 07, 2021

Colombia calls for dialogue with protest leaders

The government blames the violence on armed groups including left-wing rebels and drug traffickers.

World Print: May 07, 2021

Relatives of Mexico metro crash victims demand justice

The victims also included a 12-year-old boy, Brandon Giovanny, who was laid to rest on Wednesday.

Sports Print: May 07, 2021

Brawl as Mayweather faces off with Youtube star Paul

Mayweather, meanwhile, has not fought in an officially sanctioned boxing contest since beating mixed martial arts star Conor McGregor by technical knockout in a money-spinning superfight in Las Vegas in 2017.

Pakistan Print: Updated May 07, 2021

Govt kicks off local production, packaging of China's CanSino vaccine jabs

Pakistan is set to prepare 100,000 shots before rolling them out in local packaging by the end of May
NIH officials say that the raw material is enough to produce 120,000 doses of CanSino vaccines

Markets Print: May 07, 2021

Stocks mostly advance but vaccine stocks hit

It now forecasts that Britain's economy will rebound by 7.25 percent this year, compared to a 5.0 percent gain it forecast in February.

World Print: May 07, 2021

US not planning to shoot down errant Chinese rocket: defence chief

"We're hopeful that it will land in a place where it won't harm anyone. Hopefully in the ocean, or someplace like that," Austin said.

World Print: May 07, 2021

Global COVID-19 death toll more than double official estimates - IHME

"Many countries have devoted exceptional effort to measuring the pandemic's toll, but our analysis shows how difficult it is to accurately track a new and rapidly spreading infectious disease," Christopher Murray, director of the Institute for Health Metrics and Evaluation said.

World Print: May 07, 2021

25 killed in police raid on Rio slum

At least two people were wounded when the subway car they were riding in was apparently caught in the crossfire during the operation, news site G1 reported.

Sports Print: May 07, 2021

Emery gets Arsenal revenge as Villarreal set up Man Utd Europa League final

Spanish international Gerard Moreno should have done better when he fired too close to Bernd Leno.

World Print: May 07, 2021

No plan to shoot down Chinese rocket -Pentagon chief

The Long March 5B rocket blasted off from China's Hainan island on April 29, carrying the Tianhe module.

Sports Print: May 07, 2021

Manchester United and Villarreal in Europa League final

Arsenal meanwhile are all but out of Europe next season following their limp exit to La Liga outfit Villarreal, who reached their first ever European final thanks to a goalless draw in London.

World Print: May 07, 2021

US says 'possible' to revive Iran nuclear deal before vote

The goal is to find a way back to the accord known by its acronym JCPOA, which former US president Donald Trump walked away from and which his successor Joe Biden wants to revive.

World Print: May 07, 2021

Pentagon chief says removal of all contractors from Afghanistan under way

"We're going to responsibly retrograde all of our capabilities that we are responsible for and the contractors fall in that realm as well," Austin said.

Pakistan Print: May 07, 2021

Sindh allows businesses, shopping malls to operate on Friday, Saturday

Earlier, Fridays and Sundays were declared 'Safe Days', and all business activities were restricted.
From May 8, all business activities will remain suspended till May 16 in the province.

Pakistan Print: May 07, 2021

PM terms Amazon's decision to add Pakistan to its sellers’ list 'great development'

"Amazon starting operations in Pak will open opportunities for our youth as it will enable a new breed of young men & women entrepreneurs to join the export market," PM tweeted.
This will help local sellers to sell 'Made in Pakistan' products to millions of consumers globally.

BR Research Print: May 07, 2021

Interview with Mujahid Khan - Country Manager, Vava.Cars

The number of used cars traded in Pakistan every year is only going to grow. Mujahid Khan is the Country Manager ...

BR Research Print: May 07, 2021

Suzuki: Back on the steering wheel

After turning losses for eight consecutive quarters, Pakistan Suzuki (PSX: PSMC) is back in profits since the past...

BR Research Print: May 07, 2021

Interloop cruising on exports

The third and a much stronger and deadlier wave of coronavirus in the country is raising concerns for the economic...

BR Research Print: May 07, 2021

Power generation goes up - just

The needle finally seems to be moving on the electricity consumption front. Before going all jubilant, mind you, ...

BR Research Print: May 07, 2021

The curious case of Punjab’s flour mills

More flour mills are registered in Punjab’s two border districts of Rawalpindi and Attock alone, than in the top 5...

World Print: Updated May 07, 2021

Air France-KLM pins hopes on summer after huge Covid losses

PARIS: Air France-KLM posted huge first-quarter losses on Thursday, pinning its hopes on a better summer to recover...

World Print: Updated May 07, 2021

Support grows for vaccine patent waiver as India sees record Covid deaths

WASHINGTON: International support grew Thursday for a US proposal to waive patents on much-needed coronavirus...

Technology Print: Updated May 07, 2021

Microsoft pledges to store European cloud data in EU

PARIS: US tech giant Microsoft pledged Thursday to process and store all European cloud-based client data in the...

World Print: Updated May 07, 2021

EU opens ‘military mobility’ project to US, allies

BRUSSELS: EU defence ministers on Thursday approved the participation of NATO members the United States, Canada and...

World Print: Updated May 07, 2021

Ugandan LRA commander ‘White Ant’ gets 25 years

THE HAGUE: The International Criminal Court on Thursday sentenced Dominic Ongwen, a Ugandan child soldier who became...

World Print: Updated May 07, 2021

22 Palestinians wounded

OCCUPIED JERUSALEM: Twenty-two Palestinians were wounded in overnight clashes with Israeli police in annexed east...

Technology Print: Updated May 07, 2021

SpaceX successfully lands Starship rocket

WASHINGTON: SpaceX managed to land its prototype Starship rocket at its Texas base without blowing it up on...

Pakistan Print: Updated May 07, 2021

PBIF urges govt to resolve GSP Plus issue through diplomacy

KARACHI: Chairman of National Business Group and President Pakistan Businessmen and Intellectuals Forum (PBIF), Mian...

Pakistan Print: Updated May 07, 2021

SSUET, e-Creatorz sign agreement

KARACHI: Sir Syed University of Engineering & Technology (SSUET) signed an agreement with e-Creatorz (EC) that...

Print Print: Updated May 07, 2021

Tarin covers a lot of targeted subsidy ground

ISLAMABAD: Federal Minister for Finance and Revenue, Shaukat Tarin Thursday convened a meeting to finalize ...

Print Print: Updated May 07, 2021

Housing sector to fuel economy, create jobs: PM

LAHORE: Terming the government’s low-cost housing initiative a beginning of a revolution in the country, Prime...

Pakistan Print: Updated May 07, 2021

‘Manipulation’ in Drug Pricing Policy 2018: TIP draws attention of Dr Faisal towards issue

KARACHI: Transparency International Pakistan (TIP) has drawn the attention of Dr. Faisal Sultan, special assistant ...

Pakistan Print: Updated May 07, 2021

Call to implement SOPs in Hyderabad

HYDERABAD: Divisio-nal Commissioner Hyderabad Muhammad Abbas Baloch has directed all concerned officers to ensure...

Pakistan Print: Updated May 07, 2021

Punjab Transmission & Despatch Company to be established: minister

LAHORE: The Punjab government has approved to set up the Punjab Transmission & Despatch Company (PTDC) to get ...

Pakistan Print: Updated May 07, 2021

FY2020-21: NHA approves Rs42.567bn AMP

ISLAMABAD: The National Highways Authority (NHA)’s Executive Board has approved the annual maintenance plan (AMP)...

Pakistan Print: Updated May 07, 2021

Buzdar hands over cheques of Rs32m to various bar associations

LAHORE: Punjab Chief Minister Sardar Usman Buzdar has handed over grant-in-aid cheques valuing Rs 32 million to...

Pakistan Print: Updated May 07, 2021

Yaumul Quds, Jummatul Wida: Police chalk out security plan

ISLAMABAD: The city police have chalked out a comprehensive security plan for Yumul Quds and Jummatul Wida, under...

Pakistan Print: Updated May 07, 2021

Covid-19 single-dose vaccine: NIH-packed CanSino to be available from month end

ISLAMABAD: Pakistan has started work on formulating and packing the single-dose CanSino Bio vaccine locally,...

Pakistan Print: Updated May 07, 2021

President for preparing EVM model

ISLAMABAD: President Dr Arif Alvi has asked the concerned stakeholders to prepare a prototype of Electronic Voting...

Pakistan Print: Updated May 07, 2021

Electoral reforms: NA speaker forms parliamentary committee

ISLAMABAD: Speaker National Assembly Asad Qaiser constituted a five-member Parliamentary Committee to further the...

Pakistan Print: Updated May 07, 2021

British HC meets Shehbaz

ISLAMABAD: The British High Commissioner to Pakistan, Dr Christian Turner, met PML-N President and National Assembly...

Pakistan Print: Updated May 07, 2021

Shehbaz meets Chinese ambassador

ISLAMABAD: PML-N President and National Assembly Opposition Leader Shehbaz Sharif visited Chinese High Commission ...

Pakistan Print: Updated May 07, 2021

All parties except PPP boycott ECP’s vote recount of NA-249

ISLAMABAD: All the political parties, barring Pakistan Peoples Party (PPP), that contested the recently held by-poll...

Pakistan Print: Updated May 07, 2021

Raja Pervez inquires after health of Fazl

ISLAMABAD: Former prime minister and senior leader of Pakistan Peoples Party (PPP) Raja Pervez Ashraf, Thursday,...

Pakistan Print: Updated May 07, 2021

Southern B’stan package: Umar directs authorities to expedite power projects

ISLAMABAD: Federal Minister for Planning, Development and Special Initiatives, Asad Umar has directed relevant...

Pakistan Print: Updated May 07, 2021

Zulfiqar Younus appointed Member FBR

ISLAMABAD: Federal Board of Revenue (FBR) has appointed Zulfiqar Younus, as Member FBR, (on promotion to BS-21)....

Pakistan Print: Updated May 07, 2021

Punjab reports 1,906 fresh corona cases, 68 deaths

LAHORE: The novel coronavirus continued to play havoc, as out of 16,762 Covid-19 tests conducted during the last 24...

Pakistan Print: Updated May 07, 2021

Pakistan reaffirms support to Palestinian cause

ISLAMABAD: The Foreign Office has reaffirmed Pakistan’s support for the Palestinian cause, reiterating the...

Pakistan Print: Updated May 07, 2021

APNS condemns drive against newspaper stalls

KARACHI: “The All Pakistan Newspapers Society (APNS) has been approached by Akhbar Farosh Federation, Karachi that...

Pakistan Print: Updated May 07, 2021

NTC to hold series of webinars

LAHORE: The National Technology Council (NTC) will hold a series of webinars on various facets of technology and the...

Pakistan Print: Updated May 07, 2021

Toshakhana case: AC records statement of prosecution witness

ISLAMABAD: The Accountability Court, on Thursday, recorded statement of a prosecution witness, a bank official, in...

Pakistan Print: Updated May 07, 2021

Five million houses: PTI’s promise turning into reality: Fawad

ISLAMABAD: Federal Minister for Information and Broadcasting Fawad Hussain on Thursday said the PTI government’s...

Pakistan Print: Updated May 07, 2021

President asks people to get vaccinated against Covid-19

ISLAMABAD: President Dr Arif Alvi has asked the people to get vaccinated against the Covid-19 to ensure safety...

Pakistan Print: Updated May 07, 2021

Appointment of judges in BHC, LHC: President approves summary on PM’s advice

ISLAMABAD: President Arif Alvi, on the advice of the Prime Minister, approved the summary of appointment of judges ...

Pakistan Print: Updated May 07, 2021

Board exams to begin after June 15: Shafqat

ISLAMABAD: Federal Minister for Shafqat Mahmood on Thursday announced that board exams would begin in the country...

Pakistan Print: Updated May 07, 2021

PSEB launches training program for IT professionals

ISLAMABAD: The Pakistan Software Export Board (PSEB), an entity of the Ministry of Information Technology and...

Pakistan Print: May 07, 2021

Country reports 108 more Covid-19 deaths

ISLAMABAD: Pakistan has reported 108 more coronavirus deaths and 4,198 Covid cases during the past 24 hours, on...

Pakistan Print: Updated May 07, 2021

PTI moves ECP to declare NA-249 by-poll null, void

ISLAMABAD: The ruling Pakistan Tehreek-e-Insaf (PTI) on Thursday approached Election Commission of Pakistan (ECP) to...

Pakistan Print: Updated May 07, 2021

Eid holidays: Ministry urged to waive 3 days’ double wages on seaports

KARACHI: Pakistan Stevedores Conference has requested the Ministry of Planning and Development for waiver of double...

Life & Style Print: May 07, 2021

AAJ PROGRAM SCHEDULE

Friday, May 07, 2021 TIMING PROGRAM TITLE 06:00 NEWS BULLETIN 06:25 HEADLINE NEWS 06:30 NEWS BULLETIN 06:55...

Print Print: May 07, 2021

No ‘final warning’ issued to KE: spokesperson

ISLAMABAD: K-Electric (KE) said on Thursday that no “final warning” has been issued to it by the federal...

Print Print: May 07, 2021

PIA chairman asked to take steps to remove surplus staff

ISLAMABAD: The chairman Pakistan International Airline Corporation (PIAC) has been asked to take necessary steps...

Print Print: May 07, 2021

Medical treatment abroad: Shehbaz moves LHC for one-time permission

LAHORE: Leader of Opposition in National Assembly Shehbaz Sharif on Thursday approached the Lahore High Court...

Print Print: May 07, 2021

ST, FED return payment: FBR extends deadline

ISLAMABAD: The Federal Board of Revenue (FBR) has extended the date of payment and submission of Sales Tax and...

Print Print: May 07, 2021

Qatar arrests finance minister over alleged corruption

DOHA: Qatar's finance minister Ali Shareef al-Emadi has been arrested over alleged abuse of power and misuse of...

Print Print: May 07, 2021

Amazon to add Pakistan to sellers’ list

ISLAMABAD: United States (US) e-commerce giant ‘Amazon’ will add Pakistan to its sellers’ list within a few...

Print Print: May 07, 2021

Energy sector entities’ sell-off: Inter-ministerial moot discusses steps to resolve issues

ISLAMABAD: Federal Minister for Privatisation, Mohammedmian Soomro Thursday chaired an inter-ministerial meeting to...

Gainers
Losers
Leaders

Stock	Price
786 Investments / May 7 786 Investments Limited(786)	7.55 ▼ 0.00 (0.00%)
AL- Abbas / May 7 Al-Abbas Sugar Mills Limited(AABS)	352.25 ▼ 0.00 (0.00%)
Agro Allianz / May 7 Agro Allianz limited(AAL)	11.10 ▼ 0.00 (0.00%)
AL-Abid Silk / May 7 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 7 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 7 Allied Bank Limited(ABL)	68.92 ▼ 0.00 (0.00%)
Abbott Lab. / May 7 Abbott Laboratories (Pakistan) Limited(ABOT)	780.20 ▼ 0.00 (0.00%)
Abson Ind. / May 7 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Attock Cement / May 7 Attock Cement Pakistan Limited(ACPL)	161.23 ▼ 0.00 (0.00%)
Adam Sugar / May 7 Adam Sugar Mills Limited(ADAMS)	23.50 ▼ 0.00 (0.00%)

Stock	Price
786 Investments / May 7 786 Investments Limited(786)	7.55 ▼ 0.00 (0.00%)
AL- Abbas / May 7 Al-Abbas Sugar Mills Limited(AABS)	352.25 ▼ 0.00 (0.00%)
Agro Allianz / May 7 Agro Allianz limited(AAL)	11.10 ▼ 0.00 (0.00%)
AL-Abid Silk / May 7 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 7 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 7 Allied Bank Limited(ABL)	68.92 ▼ 0.00 (0.00%)
Abbott Lab. / May 7 Abbott Laboratories (Pakistan) Limited(ABOT)	780.20 ▼ 0.00 (0.00%)
Abson Ind. / May 7 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Attock Cement / May 7 Attock Cement Pakistan Limited(ACPL)	161.23 ▼ 0.00 (0.00%)
Adam Sugar / May 7 Adam Sugar Mills Limited(ADAMS)	23.50 ▼ 0.00 (0.00%)

Stock	Volume

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 6	152.70
USD PKR Interbank Buying / May 6	152.60
USD to Japanese Yen / May 6	109.05
USD to Swiss Franc / May 6	0.91
Pound Sterling to USD / May 6	1.39
Euro to USD / May 6	1.21
UK LIBOR % / May 6	0.07

Stock	Volume
S&P 500 / May 6	4201.62
India Sensex / May 6	48949.76
Tokyo Nikkei / May 6	29331.37
Nasdaq / May 6	13632.84
Hang Seng / May 6	28637.46
FTSE 100 / May 6	7076.17
Dow Jones / May 6	34548.53
Germany DAX 30 / May 6	15196.74
France CAC40 / May 6	6357.09

Item	Value
Crude Oil / May 6	64.90
Karachi Cotton Assoc. / May 6	11300.00
Gold 10 Grams / May 6	89163.00
Gold Spot / May 6	1814.70
Cotton / May 6	90.58

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