News Archives for Print - 2020-03-10

Print - 2020-03-10

Taxes

Tier-1 retailers' POSs: FBR extends time limit for online integration to March 31

The Federal Board of Revenue (FBR) has condoned the time limit of up to March 31, 2020, for online integration of tier-1 retailers' points of sale (POSs) with the board's computerized system for real time reporting of sales.

Published 10 Mar, 2020 12:00am

Centre will bear Rs 163 million operational deficit of Green Line BRTS

The federal government will bear Rs163 million operational deficit of Green Line BRTS, Karachi, for three years. Federal government's Sindh Infrastructure Development Company Limited (SIDCL) will manage the operation of Green Line, Karachi, for three year

Published 10 Mar, 2020 12:00am

Business & Economy

Wasif Khan named as COO of Imarat Group

Imarat Group of Companies, Pakistan's leading technology-driven real estate development group here on Monday appointed Wasif Khan as Group Chief Operating Officer. According to an announcement of the company here on Monday, after being an integral part of

Published 10 Mar, 2020 12:00am

Stocks

PSX witnesses dreadful carnage: BRIndex100 plummets

A carnage was witnessed at the Pakistan Stock Exchange (PSX) Monday as trading was briefly halted for 45 minutes after it recorded the single largest slump in the history during intraday trade, analysts said. However, healthy buying in cement sector at th

Published 10 Mar, 2020 12:00am

Rs 1,400 per 40-kg MSP for wheat recommended

The Ministry of National Food Security and Research (MNFS&R) Monday recommended to set Minimum Support Price (MSP) of wheat crop 2019-20 at Rs1,400 per 40-kg. An official said that the Wheat Review Committee headed by Federal Minister for National Securit

Published 10 Mar, 2020 12:00am

CCI decides to enforce uniform food standard

The Council of Common Interests (CCI) has decided that the enforcement of food standards shall be carried out by provinces and the local governments, and a single harmonized standard shall prevail across the country as a national standard. Sources told <i

Published 10 Mar, 2020 12:00am

Inflation successfully tamed: PM

Prime Minister Imran Khan Monday firmly announced that the government would no more increase gas and electricity tariffs as the inflation had been controlled and the prices of the commodities would move downward now. Addressing a huge public gathering aft

Published 10 Mar, 2020 12:00am

BoI chairman resigns

Board of Investment (BoI) Chairman Zubair Gilani on Monday tendered his resignation to Prime Minister Imran Khan, according to the PM's Office. Sources said it was not confirmed whether or not Prime Minister Imran Khan had accepted his resignation. His re

Published 10 Mar, 2020 12:00am

Cabinet to discuss sell-off plan today

The federal cabinet will discuss proposals (under discussion) on re-organising the federal government and allocation of job quota for the Islamabad Capital Territory (ICT) in a meeting scheduled to be held on Tuesday (today), and on progress being made in

Published 10 Mar, 2020 12:00am

Coronavirus fears, oil price plunge pummel stocks

Global stock markets plunged on Monday and oil prices tumbled by as much as a third after Saudi Arabia launched a price war with Russia, sending investors already spooked by the coronavirus outbreak fleeing for the safety of bonds and the Japanese yen.

Published 10 Mar, 2020 12:00am

Qatar bans entry of Pakistanis and other nationals

As many as 96 passengers were offloaded from the Doha-bound flights on Monday at the Karachi and Islamabad airports as precautionary measure against the rapidly spreading coronavirus disease.

Published 10 Mar, 2020 12:00am

Cabinet may take up appointment of SECP chief today

The Cabinet is likely to take up the matter of appointment of chairman, Securities and Exchange Policy Board on Tuesday (March 10).

Published 10 Mar, 2020 12:00am

Cabinet likely to consider appointment of DG PHA today

The federal cabinet scheduled to meet on Tuesday (today) is expected to consider appointing director general of the Pakistan Halal Authority (PHA).

Published 10 Mar, 2020 12:00am

Cabinet to consider import of insecticides from India today

The federal cabinet which is scheduled to meet on Tuesday (today) with Prime Minister in the chair will consider a summary of Ministry of Commerce & Textiles to grant one-time permission for import of insecticides from India.

Published 10 Mar, 2020 12:00am

NA passes the Geographical Indication Bill, 2020

The National Assembly finally passed the long-awaited "The Geographical Indication Bill, 2020" aimed at protecting ownership rights of goods produced in the country.

Published 10 Mar, 2020 12:00am

Coronavirus: Nine more tested positive

Nine people returned from abroad were tested positive for novel coronavirus in Karachi on Monday, pushing the tally to 13 in Sindh and 16 in the country. Sindh Chief Minister Murad Ali Shah has directed all government and private hospitals to share detail

Published 10 Mar, 2020 12:00am

$600-$700 million potential investment: US-based group in talks to revive TSM

A US-based group-Ciena-has expressed interest in reviving Tuwairqi Steel Mills Limited (TSML) and waiting for a green signal form the government to initiate investment process for the country's first-ever Direct Reduction of Iron (DRI) plant, which has be

Published 10 Mar, 2020 12:00am

MPS on March 17

The State Bank of Pakistan (SBP) will announce Monetary Policy Statement for next two months on March 17 with expectations of rate cut on lower inflation outlook. The Independent Monetary Policy Committee (MPC) of the State Bank will meet on Tuesday (Marc

Published 10 Mar, 2020 12:00am

Historic decline during intra-day trading: PSX triggers 45-minute market halt

Pakistan Stock Exchange (PSX) triggered a market halt just after opening the trading session at 9:37am on Monday for 45 minutes. The market halt is triggered as a standard protocol for risk management purposes.

Published 10 Mar, 2020 12:00am

Letters

'Global trade: Don't miss the bus again'

That Business Recorder op-ed writer Ali Khizar has deep insights into the country's economy is a fact. His are always informed opinions duly supported by facts and evidence. In his latest contribution for the newspaper titled 'Global trade: Don't m

Published 10 Mar, 2020 12:00am

Articles

Coronavirus to drive European airline industry shakeout

The coronavirus will accelerate a Darwinian shakeout in Europe's overcrowded airline industry that ultimately benefits Ryanair and British Airways owner IAG, industry experts predict. Nobody is exempt from the short-term pain that has already seen Flybe c

Published 10 Mar, 2020 12:00am

Articles

Women on the march

Despite the threats and attempted intimidation by the retrogressive forces in politics and society, the Aurat (Women's) march was held on March 8, 2020 in many cities throughout Pakistan. Rallies were held in Islamabad, Karachi, Lahore, Multan, Peshawar,

Published 10 Mar, 2020 12:00am

Articles

Dip in the rate of inflation

There has been a noticeable drop in the rate of inflation on a year-to-year basis. The national Consumer Price Index (CPI) increased by 14.6 percent in January 2020. It has fallen by 2.2 percentage points to 12.4 percent in February 2020. However, it is p

Published 10 Mar, 2020 12:00am

Unabated slaughter

The hopes for peace raised as a result of the US-Taliban withdrawal deal in Doha have been dealt an early and perhaps fatal blow. While attacks against the Afghan security forces all over Afghanistan and a US air strike in response in recent days indicate

Updated 10 Mar, 2020 06:16am

A seemingly stalled sell-off process

After receiving a briefing from Secretary Privatisation Commission, Prime Minister Imran Khan directed that the process must be completed within the timeline with better inter-ministerial coordination, adding that the sale of all non-profitable entities i

Updated 10 Mar, 2020 06:16am

Women journalists important pillar of Pakistan's media: Firdous

Special Assistant to the Prime Minister on Information and Broadcasting Dr Firdous Ashiq Awan said on Monday that women journalists were an "important pillar" of Pakistan's media who needed to step ahead and play an active part for the betterment of the c

Published 10 Mar, 2020 12:00am

PM pays homage to martyred Colonel Mujeebur Rehman

Prime Minister Imran Khan on Monday paid homage to Colonel Mujeebur Rehman who embraced martyrdom during a security forces' operation against terrorists in Tank, Dera Ismail Khan. "Foiling the nefarious designs of terrorists, Colonel Mujeebur Rehman embra

Published 10 Mar, 2020 12:00am

Money & Banking

MFPCB meeting postponed

The Monetary and Fiscal Policies Coordination Board (MFPCB) meeting was postponed for the second time and was rescheduled to meet on March 18, 2020 to review the economic conditions, growth strategy as well as policy rate, sources informed Business Rec

Published 10 Mar, 2020 12:00am

Address problems of common man or get ready to go home: JI chief

Jamaat-e-Islami (JI) Chief Sirajul Haq on Monday, while lambasting the government over what he termed "poor economic policies" said that the Pakistan Tehreek-e-Insaf (PTI) government had wasted almost two years of the countrymen.
Published 10 Mar, 2020 12:00am

Government adds Rs 733 billion to circular debt in 18 months: Marriyum

The Pakistan Muslim League-Nawaz (PML-N) Spokesperson, Marriyum Aurangzeb has claimed that the Pakistan Tehreek-e-Insaf (PTI) government has added a total of Rs733 billion circular debt in the first 18 months with an average accumulation of around Rs41.5
Published 10 Mar, 2020 12:00am

Appointment of CEC: Proposed amendment seeking involvement of SC rejected

A Senate panel on Monday disapproved a proposed amendment to the Constitution, which seeks involvement of the Supreme Court in appointment of the Chief Election Commissioner (CEC) and members of the Election Commission of Pakistan (ECP) in case leader of
Published 10 Mar, 2020 12:00am

Evidence provided by three political parties: Foreign funding case heading to its conclusion

The much-hyped foreign funding case is finally heading to its conclusion as the Election Commission of Pakistan (ECP) is expected to reserve verdict in the case with the expected completion of the scrutiny of the evidence provided by the three political p
Published 10 Mar, 2020 12:00am

Punjab Assembly: PTI-led coalition fails to maintain quorum

The PTI-led coalition government which came into power on the promise of providing health and education facilities to the people of Punjab failed to maintain the quorum when the treasury benches presented The Punjab Medical Teaching Institution (Reform) B
Published 10 Mar, 2020 12:00am

Military courts' verdicts: SC rejects federation plea seeking restraint on PHC's power to deliver judgements

The Supreme Court on Monday turned down the federation's plea seeking restrain on Peshawar High Court (PHC) power to render judgments on another 218 petitions against the military courts' verdicts.
Published 10 Mar, 2020 12:00am

Wife of CM Indian Punjab visits Kartarpur Sahab

Parmeet Kaur, wife of the Chief Minister of Indian Punjab made her way into Pakistan through the Kartarpur Corridor to pay her respect at Kartarpur Sahab on Monday. Kaur made her way to the holy site of Kartarpur with a contingent of 150 women who came to
Published 10 Mar, 2020 12:00am

Coronavirus: Pak-Afghan border to remain closed for another week

The Chaman border between Pakistan and Afghanistan will be kept closed for another week in the wake of the coronavirus epidemic, it was learnt on Monday. The decision was taken in a tribal jirga and the return of the Afghan migrants will also remain suspe
Published 10 Mar, 2020 12:00am

MoU signed between KMU, IRNUM for training of BS students

Khyber Medical University-Institute of Paramedical Sciences (KMU-IPMS) and Institute of Radiotherapy and Nuclear Medicine (IRNUM), Peshawar, on Monday agreed for clinical training of BS Paramedical Sciences students at IRNUM hospital.
Published 10 Mar, 2020 12:00am

Increase in crime rate: PM's office seeks explanation from Islamabad IGP

As there is no let up in the rise in crime rate in the federal capital, the Prime Minister's Office has sought an explanation from the inspector general of police (IGP) about the failure of the ICT police to curb crime.
Published 10 Mar, 2020 12:00am

Energy
Cut in POL prices globally: Government urged to shift benefits to masses

Secretary General (Federal) of the Businessmen Panel, Ahmad Jawad has said after massive devaluation of rupee, masses can't get the fruit of POL prices despite a great reduction in the prices internationally. Instead of given relief further to masses, the
Published 10 Mar, 2020 12:00am

Gold prices up by Rs 700

Gold prices on Monday were closed at Rs95200 per tola, up by Rs700 on the local market, traders said. The precious metal was selling for Rs81618 per 10 grams, up by Rs600 while it was traded for $1666 an ounce, down by $9 on the world market. Silver was a
Published 10 Mar, 2020 12:00am

Business & Economy
Huge quantity of Chinese salt worth Rs 2.32 million seized

Model Customs Collectorate (MCC), Preventive has seized huge quantity of Chinese salt (Ajinomoto) worth Rs 2.32 million from a warehouse in Karachi.
Published 10 Mar, 2020 12:00am

Minister warns SBCA officers against illegal construction

Sindh Minister for Information, Local Government, Housing and Town Planning, Religious Affairs, Forest and Wildlife Syed Nasir Hussain Shah has said that in any area where illegal construction would take place, the officer of Sindh Building Control Author
Published 10 Mar, 2020 12:00am

Unlisted companies: FFC honoured as 'Role Model' in PSX awareness session

Fauji Fertilizer Company (FFC) being the Market Leader and a privileged company have been recognised as the first among PSX Top 25 Companies for consecutive 9 years (since 2010 till 2018) was invited as a "Role Model" to an Awareness Session for unlisted
Published 10 Mar, 2020 12:00am

Special three-day anti-polio drive starts in 16 districts

A special three-day anti-polio campaign started in 16 districts of Khyber Pakhtunkhwa on Monday. The Health Department said the campaign will be carried out in Peshawar, Buner, Hangu, Karak, Dera Ismail Khan, Lower Dir, Upper Dir, Kohat, Lakki Marwat, Tan
Published 10 Mar, 2020 12:00am

Taxes
Big quantity of smuggled cutch/catechu seized

Model Customs Collectorate (MCC), Preventive has seized huge quantity of cutch/catechu (Kattah) worth Rs 12.8 million from a warehouse near Naurus Chowrangi, Karachi.
Published 10 Mar, 2020 12:00am

Business & Economy
GSP Plus; FPCCI chief proposes strategy for proper utilization

President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Mian Anjum Nisar has proposed a comprehensive strategy for proper utilization of GSP Plus by ensuring uplift of export-oriented sector through removal of all impediments.
Published 10 Mar, 2020 12:00am

Business & Economy
KCR track: 24 points identified for underpasses, flyovers' construction

The initial survey jointly conducted by Pakistan Railways and Sindh Transport Department has identified as many as 24 points where underpasses and flyovers would be built for clearing the track of Karachi Circular Railway (KCR).
Published 10 Mar, 2020 12:00am

PM wishes Hindu community 'happy, peaceful' Holi

Prime Minister Imran Khan on Monday extended greetings to the Hindu community on the occasion of Holi, known as the festival of colours, and celebrated across Pakistan by members of the Hindu faith.
Published 10 Mar, 2020 12:00am

Pakistani nationality: IHC issues notices to Nadra, others

The Islamabad High Court (IHC) on Monday issued notices to the Nadra, the secretary Interior and the director general Immigration and Passport with the direction to file comments within a fortnight.
Published 10 Mar, 2020 12:00am

Energy
Weighted average price of imported RLNG rises for March

The Oil and Gas Regulatory Authority (Ogra) has notified on Monday an increase in the weighted average price of imported Re-gasified Liquefied Natural Gas (RLNG) for March.
Published 10 Mar, 2020 12:00am

Business & Economy
AACMCR moves ministry for completion of uplift work

The AlIottees Action Committee Marble City Risalpur (AACMCR) has approached the Ministry of Industries and Production and asked for the agreed facilities including the grid station energisation and the completion of development work.
Published 10 Mar, 2020 12:00am

Business & Economy
UK to roll out its GSP scheme for developing countries: Dawood

The United Kingdom (UK) will roll out its own GSP scheme for developing countries including Pakistan, said Advisor to the Prime Minister on Commerce and Industries Razak Dawood.
Published 10 Mar, 2020 12:00am

Shahbaz will soon return to country: Khaqan

Former Prime Minister Shahid Khaqan Abbasi on Monday said that the Pakistan Muslim League-Nawaz (PML-N) president and opposition leader in the National Assembly, Shahbaz Sharif, would soon return to the country.
Published 10 Mar, 2020 12:00am

Pakistan Tobacco Company Limited launched

Advisor to PM on Commerce Abdul Razak Dawood Monday launched Pakistan Tobacco Company Limited, a subsidiary of a British American Group (BAT), new exports initiative "Made in Pakistan-2" for future manufacturing investments to enhance exports.
Published 10 Mar, 2020 12:00am

Energy
SNGPL advises consumers to use energy efficient gas appliances

The Sui Northern Gas Pipelines Limited (SNGPL), Islamabad Region stresses its consumers to use energy efficient gas appliances to curtail their monthly utility bills. Addressing an annual function of the company's Health, Safety and Environment (HSE) Depa
Published 10 Mar, 2020 12:00am

Stocks
SECP to launch 'STR' for lending to SMEs

To enable Small and Medium Enterprises (SMEs) to secure credit from financial institutions, the Securities and Exchange Commission of Pakistan (SECP) is all set to launch Secured Transaction Registry (STR) on national level.
Published 10 Mar, 2020 12:00am

Energy
Omar informs NA of PHC's loans, payables position

The National Assembly was informed on Monday that the payables as on June 30, 2018 were Rs544 billion, whereas loans of Power Holding Company (PHC) stood at Rs583.4 billion, and the payables as on December 01, 2019 were Rs 981 billion, whereas loans of Po
Published 10 Mar, 2020 12:00am

DI Khan operation: Colonel Mujeeb martyred, two terrorists killed

An officer of the Pakistan Army was martyred on Monday as security forces foiled a terrorist attack in Dera Ismail Khan, the Inter-Services Public Relations (ISPR) said in a statement.
Published 10 Mar, 2020 12:00am

Articles
Partly Facetious: Thinking out of the box

"I heard that the Prime Minister is not hands-on with respect to the economy but does read weekly summaries..."
Published 10 Mar, 2020 12:00am

Fair treatment of deportees: New SOP for immigration officials issued

To curb manhandling with deportees, the Federal Investigation Agency (FIA) has issued a new standard operating procedure (SOP) for the immigration officials deputed at airports with an aim to ensure "fair treatment" with the deportees under the United Nat
Published 10 Mar, 2020 12:00am

Business & Economy
LCCI chief for exploring trade opportunities with Germany

Germany has multiple significances for Pakistan as it is the biggest economy in the European Union and shares borders with important countries like Netherlands, Belgium, France, Switzerland, Austria, Czech Republic, Poland and Denmark. Private sector of P
Published 10 Mar, 2020 12:00am

Cotton & Textile
PRGMEA hails commerce ministry's role in retaining GSP Plus

Appreciating the role of the commerce ministry, the Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) on Monday welcomed the European Union's decision to retain the GSP Plus status for Pakistan for another two years, stressing t
Published 10 Mar, 2020 12:00am

British HC First Secretary meets Parvez Elahi

British High Commission First Secretary Tom De Fonblanqo calls on speaker Punjab Assembly Ch Parvez Elahi here on Monday. Both agreed to exchange parliamentary delegations between the two countries. Ch Parvez Elahi paid tributes to the British High Commis
Published 10 Mar, 2020 12:00am

Cotton & Textile
PSC reduces cotton seed prices

The Punjab Seed Corporation (PSC) has approved a downward revision in the prices of cotton seed to facilitate the growers. The notification of new cotton seed prices was issued here on Monday on the direction of Punjab Agriculture Malik Nauman Ahmed Langr
Published 10 Mar, 2020 12:00am

Surgical masks: Ban imposed on hoarding & profiteering, LHC told

The Lahore High Court on Monday was told that the government has imposed ban on hoarding and profiteering of surgical masks in wake of the corona virus disease.
Published 10 Mar, 2020 12:00am

No in-house change or mid-term polls, Tareen tells Buzdar

Senior PTI leader Jehangir Khan Tareen in a meeting with Chief Minister Sardar Usman Buzdar, here on Monday said that the opposition has no agenda and neither there will be any in-house change nor mid-term elections in the country.
Published 10 Mar, 2020 12:00am

Bilawal terms tax system full of corruption, flaws

Pakistan People's Party (PPP) Chairman Bilawal Bhutto Zardari said on Monday that the tax system in the country is full of corruption and flaws. The Pakistan Tehreek-e-Insaf (PTI) government has burdened a common man instead of taking corrective measures
Published 10 Mar, 2020 12:00am

Faisalabad DC fixes prices of essential items for general market

The district administration has fixed the prices of various essential commodities for the general market in consultation with wholesale retailers, vendors and consumer representatives and the prices have been reduced of Basin and some pulses.
Published 10 Mar, 2020 12:00am

CMC receives Presidential Award for PR and Corporate Communications

CMC was honoured with the Presidential Award for Public Relations at the 24th award distribution ceremony of All Pakistan Newspapers Society (APNS).
Published 10 Mar, 2020 12:00am

Chinese aid arrives to help battle locust crisis

The first batch of China's emergency aid arrived in Karachi on Monday morning to help Pakistan fight the ongoing locust disaster, Chinese Consul General Li Bijian said. A press release issued by the Chinese Consulate General in Karachi stated that under t
Published 10 Mar, 2020 12:00am

Stocks
SECP introduces Developmental Infrastructure REIT Scheme concept

The Securities and Exchange Commission of Pakistan (SECP) has introduced the concept of Developmental Infrastructure REIT Scheme established for investment in infrastructure real estate with the object of development and construction of infrastructure rea
Published 10 Mar, 2020 12:00am

Brief Recordings
Analysis of sugar industry marketing season (2018-19)

Following the announcement by Prime Minister's office to make inquiry report on sugar crisis public, industry's association PSMA has finally issued the annual report of for marketing season 2018-19 (Oct to Sep). Compared to previous years, the report has
Updated 10 Mar, 2020 03:56am

Facebook, Twitter place warning labels on altered Biden video

Facebook and Twitter both added tags denoting false or manipulated content to a video reposted by President Donald Trump of his Democrat rival Joe Biden.
Published 10 Mar, 2020 12:00am

Erdogan demands more support from EU and NATO allies

Turkey's President Recep Tayyip Erdogan demanded more support Monday from his NATO and EU allies, despite anger over his bid to pressure them by triggering a new migrant crisis.
Published 10 Mar, 2020 12:00am

North Korea fires projectiles for second time in week

Nuclear-armed North Korea on Monday fired what Japan said appeared to be ballistic missiles, the second such weapons test in a week amid a prolonged hiatus in disarmament talks with the United States.
Published 10 Mar, 2020 12:00am

UN adopts declaration on women's rights decrying slow progress

The United Nations on Monday adopted a stripped-down political declaration on women's rights that seeks to preserve gains under threat but does not advocate new ways to ensure progress toward equality. The declaration was adopted during the 64th session o
Published 10 Mar, 2020 12:00am

Rockets mar Afghan president's swearing-in as rival inaugurates self

Rocket fire interrupted the swearing-in ceremony Monday for Afghan President Ashraf Ghani, whose second-term win has been undercut by his rival simultaneously claiming the premiership ahead of critical peace talks with the Taliban.
Published 10 Mar, 2020 12:00am

Money & Banking
Lira dodges global pain

The Turkish lira bounced back on Monday from earlier losses, bucking a selloff in many other emerging market currencies which were clobbered by a plunge in oil prices that economists said would boost Turkey's import-reliant economy.
Published 10 Mar, 2020 12:00am

Money & Banking
Dollar and commodity currencies down in Asia

The dollar dived against the euro and yen on Monday as a slump in oil prices combined with coronavirus fears to drive US yields to once-unthinkable lows.
Published 10 Mar, 2020 12:00am

Money & Banking
Early trade in New York: Yen, Swiss franc soar

The safe-haven yen and Swiss franc surged on Monday, as risk appetite plummeted after a 30% crash in oil prices and tumbling stock markets panicked investors and sent currency prices swinging wildly.
Published 10 Mar, 2020 12:00am

Money & Banking
Yen gains; commodity currencies slump in Europe

The dollar fell 3% against the Japanese yen and commodity-linked currencies tanked on Monday, as a 30% crash in oil prices and tumbling stock markets panicked investors and sent currency prices swinging wildly.
Published 10 Mar, 2020 12:00am

Money & Banking
Saudi riyal plummets

The Saudi riyal fell sharply against the US dollar in the forwards market on Monday as oil prices plunged, Refinitiv data showed. One-year dollar/riyal forwards, which are trades scheduled to take place 12 months from now, were at 85 points on Monday, up
Published 10 Mar, 2020 12:00am

Money & Banking
Asian currencies weaken

Asian currencies weakened on Monday as investors sold off risky assets after a plunge in oil prices exacerbated concerns over economic fallout stemming from the coronavirus epidemic.
Published 10 Mar, 2020 12:00am

Money & Banking
Australian, New Zealand dollars hit new decade lows

The Australian and New Zealand dollars touched 11-year lows on Monday as a slump in oil prices, coupled with coronavirus fears, drove investors to the safety of bonds, driving yields to unseen levels.
Published 10 Mar, 2020 12:00am

Money & Banking
Brazil central bank to continue FX intervention

Brazil's central bank will continue intervening in the foreign exchange market using all tools at its disposal and in whatever size necessary to ensure the market functions smoothly, monetary policy director Bruno Serra said on Monday.
Published 10 Mar, 2020 12:00am

Money & Banking
Sterling rises to one-month high against dollar

Sterling gained further against a sinking dollar on Monday, rising to a one-month high, as coronavirus fears and a slump in oil prices roiled world markets.
Published 10 Mar, 2020 12:00am

Other
Asian World Cup qualifiers postponed

Asia's football World Cup qualifiers this month and in June have been postponed due to the coronavirus outbreak, but games can still go ahead if both sides agree and safety standards are met, officials said Monday.
Published 10 Mar, 2020 12:00am

Cricket
HBL PSL 2020 matches: PCB salutes fans' contribution for positive image of Pakistan

Hailing the contribution of Rawalpindi and Islamabad fans, local and provincial administrations and the security agencies in making HBL Pakistan Super League 2020 a resounding success in its homecoming edition, the Pakistan Cricket Board (PCB) Monday said
Published 10 Mar, 2020 12:00am

Other
President's Bodyguard Risala win Zameen Polo Championship

The President's Bodyguard Risala outclassed ASC Polo Team by 12-6 to clinch the prestigious Zameen National Open Polo Championship for Quaid-e-Azam Gold Cup, here at the Lahore Polo Club ground.
Published 10 Mar, 2020 12:00am

Cricket
Airlink showcases PSL3's trophy for Zalmi fans

Air Link Communication Limited (Airlink), a leading distributor of mobile phones in Pakistan, hosted a mega fun event to boost people's passion for cricket by showcasing PSL3's trophy for Zalmi fans here at Packages Mall.
Published 10 Mar, 2020 12:00am

Other
PM opens U-21 Games at Peshawar Sports Complex

Prime Minister Imran Khan on Monday inaugurated Under-21 Games at the Peshawar Sports Complex, here on Monday.
Published 10 Mar, 2020 12:00am

Cricket
Bangladesh beat Zimbabwe

Soumya Sarkar and Liton Das struck half-centuries as Bangladesh crushed Zimbabwe by 48 runs in the first Twenty20 international of a two-match series in Dhaka on Monday.
Published 10 Mar, 2020 12:00am

Other
Olympic Flame lighting ceremony closed to public

The Olympic Flame lighting ceremony for this summer's Tokyo Games will be held without spectators due to the coronavirus outbreak, the Greek Olympic Committee announced on Monday.
Published 10 Mar, 2020 12:00am

IT & Computers
Aussie watchdog sues Facebook over Cambridge Analytica breach

Australia's privacy watchdog announced legal action against Facebook Monday for alleged "systematic failures" exposing more than 300,000 Australians to a data breach by Cambridge Analytica.
Published 10 Mar, 2020 12:00am

Global Business Economy
As global arms trade thrives, US widens gap with Russia

Worldwide major arms exports have increased on growing demand from countries in conflict, researchers in Sweden said Monday, with top exporter the United States widening its lead over Russia.
Published 10 Mar, 2020 12:00am

Money & Banking
New York Fed to inject at least $150 billion daily to financial markets

The New York Federal Reserve Bank announced Monday it will increase its daily injections of cash into financial markets by $50 billion to $150 billion as a protective step amid the coronavirus epidemic.
Published 10 Mar, 2020 12:00am

US urges elderly to stock up on groceries, prepare to stay home

US health authorities Monday urged Americans most at risk of developing a serious illness from the new coronavirus - the elderly and those with underlying conditions - to stock up on food and medicine and prepare to remain at home.
Published 10 Mar, 2020 12:00am

Money & Banking
Boris Johnson urges panic-buying Brits 'to behave responsibly'

British Prime Minister Boris Johnson on Monday told people to stop stockpiling as supermarkets imposed limits on the purchase of goods after shelves were emptied because of coronavirus fears.
Published 10 Mar, 2020 12:00am

Global Business Economy
Coronavirus crisis could cost world up to $2 trillion: UN

UN economists warned Monday that the raging outbreak of the deadly new coronavirus could cost the global economy between $1.0 and $2.0 trillion this year and called on governments to ramp up spending to mitigate its impact.
Published 10 Mar, 2020 12:00am

Global Business Economy
Amazon offers cashierless tech to rival retailers

Amazon on Monday began offering its "just walk out" technology to other retailers in a move aimed at boosting the use of the cashierless store system. The US technology giant launched a new website to promote the offering, saying the installation can be d
Published 10 Mar, 2020 12:00am

Previous Day

Forex
World
Commodity

Currency Rate

USD PKR Interbank Selling / Apr 26

278.58

USD PKR Interbank Buying / Apr 26

278.28

USD to Japanese Yen / Apr 26

158.33

USD to Swiss Franc / Apr 26

0.91

Pound Sterling to USD / Apr 26

1.25

Euro to USD / Apr 26

1.07

Stock Volume

S&P 500 / Apr 26

5099.96

India Sensex / Apr 26

73730.16

Tokyo Nikkei / Apr 26

37934.76

Nasdaq / Apr 26

15927.90

Hang Seng / Apr 26

17651.15

FTSE 100 / Apr 26

8139.83

Dow Jones / Apr 26

38239.66

Germany DAX 30 / Apr 26

18161.01

Item Value

Crude Oil USD/Barrel / Apr 26

83.85

Karachi Cotton PKR/37.32 KG / Apr 26

20535

Gold 10 Grams PKR / Apr 26

210048

Gold Spot USD/Ounce / Apr 26

2337.96

Cotton US¢/pound / Apr 26

80.90

Petrol/Litre / Apr 27

293.94

Gainers
Losers
Leaders

Stock Price

786 Invest Ltd / Apr 27

786 Investments Limited(786)

5

▼ 0.00 (0.00%)

AL-Abbas Sugar / Apr 27

Al-Abbas Sugar Mills Limited(AABS)

585

▼ 0.00 (0.00%)

Agro Allianz / Apr 27

Agro Allianz Limited(AAL)

16

▼ 0.00 (0.00%)

AL-Abid Silk / Apr 27

Al-Abid Silk Mills Limited(AASM)

3.49

▼ 0.00 (0.00%)

Ali Asghar / Apr 27

Ali Asghar Textile Mills Limited(AATM)

2.07

▼ 0.00 (0.00%)

Allied Bank / Apr 27

Allied Bank Limited(ABL)

87.10

▼ 0.00 (0.00%)

Abbott Lab. / Apr 27

Abbott Laboratories (Pakistan) Limited(ABOT)

499.34

▼ 0.00 (0.00%)

Abson Ind. / Apr 27

Abson Industries Limited(ABSON)

2.50

▼ 0.00 (0.00%)

Alfalah ETF. / Apr 27

Alfalah Consumer Index ETF.(ACIETF)

9.84

▼ 0.00 (0.00%)

Stock Price

786 Invest Ltd / Apr 27

786 Investments Limited(786)

5

▲ 0.00 (0.00%)

AL-Abbas Sugar / Apr 27

Al-Abbas Sugar Mills Limited(AABS)

585

▲ 0.00 (0.00%)

Agro Allianz / Apr 27

Agro Allianz Limited(AAL)

16

▲ 0.00 (0.00%)

AL-Abid Silk / Apr 27

Al-Abid Silk Mills Limited(AASM)

3.49

▲ 0.00 (0.00%)

Ali Asghar / Apr 27

Ali Asghar Textile Mills Limited(AATM)

2.07

▲ 0.00 (0.00%)

Allied Bank / Apr 27

Allied Bank Limited(ABL)

87.10

▲ 0.00 (0.00%)

Abbott Lab. / Apr 27

Abbott Laboratories (Pakistan) Limited(ABOT)

499.34

▲ 0.00 (0.00%)

Abson Ind. / Apr 27

Abson Industries Limited(ABSON)

2.50

▲ 0.00 (0.00%)

Alfalah ETF. / Apr 27

Alfalah Consumer Index ETF.(ACIETF)

9.84

▲ 0.00 (0.00%)

Stock Volume

P.I.A.C.(A) / Apr 27

Pakistan International Airlines Corp(PIAA)

47,200,500

▲ 0.00

Cnergyico PK / Apr 27

Cnergyico PK Limited(CNERGY)

29,719,327

▲ 0.00

Pak Petroleum / Apr 27

Pakistan Petroleum Limited(PPL)

21,170,581

▲ 0.00

Pak Refinery / Apr 27

Pakistan Refinery Limited(PRL)

16,965,134

▲ 0.00

The Searle Co. / Apr 27

The Searle Company Limited(SEARL)

15,793,227

▲ 0.00

P.T.C.L. / Apr 27

Pakistan Telecommunication Company Ltd(PTC)

15,054,641

▲ 0.00

K-Electric Ltd. / Apr 27

K-Electric Limited(KEL)

14,145,556

▲ 0.00

WorldCall Telecom / Apr 27

Worldcall Telecom Limited(WTL)

13,158,668

▲ 0.00

Telecard Limited / Apr 27

Telecard Limited(TELE)

12,358,668

▲ 0.00

Markets →

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Today

Yesterday

Past 3 Days

March demand down 7.5pc: Govt mulling options to boost power consumption

NJLI Sarmaya Growth Fund Rates

Net metering power: Govt mulling bringing buyback rates down to Rs11/unit from Rs21

Major shuffle in FBR ahead of budget preparation exercise

FBR notifies transfers of 12 key officers to Admin Pool

WPPs worried about continuous power curtailment

Gold price per tola jumps Rs2,500 in Pakistan

Annual rental value property: Sindh govt given three months to legislate on levy of tax

3.2 magnitude earthquake hits parts of Karachi

Net metering power: Govt mulling bringing buyback rates down to Rs11/unit from Rs21

Prices of petrol, diesel likely to be slashed

PBC floats 5-year ‘exports charter and imports substitution plan’

Pakistan misses wheat production target

Operations: KAPCO reluctant to opt for CTBCM

Annual rental value property: Sindh govt given three months to legislate on levy of tax

Airline revenues: IATA urges Pakistan to allow repatriation of $399mn

Justice Isa says received no complaints of meddling in judicial affairs since becoming CJP

Gold price per tola jumps Rs2,500 in Pakistan

Net metering power: Govt mulling bringing buyback rates down to Rs11/unit from Rs21

Pakistan misses wheat production target

NJLI Sarmaya Growth Fund Rates

Sazgar Engineering Works Limited

Prices of petrol, diesel likely to be slashed

FBR’s POS system: 1,680 Tier-1 retailers told to integrate by May 31st

PBC floats 5-year ‘exports charter and imports substitution plan’

Annual rental value property: Sindh govt given three months to legislate on levy of tax

Operations: KAPCO reluctant to opt for CTBCM

Currency	Rate
USD PKR Interbank Selling / Apr 26	278.58
USD PKR Interbank Buying / Apr 26	278.28
USD to Japanese Yen / Apr 26	158.33
USD to Swiss Franc / Apr 26	0.91
Pound Sterling to USD / Apr 26	1.25
Euro to USD / Apr 26	1.07

Stock	Volume
S&P 500 / Apr 26	5099.96
India Sensex / Apr 26	73730.16
Tokyo Nikkei / Apr 26	37934.76
Nasdaq / Apr 26	15927.90
Hang Seng / Apr 26	17651.15
FTSE 100 / Apr 26	8139.83
Dow Jones / Apr 26	38239.66
Germany DAX 30 / Apr 26	18161.01

Item	Value
Crude Oil USD/Barrel / Apr 26	83.85
Karachi Cotton PKR/37.32 KG / Apr 26	20535
Gold 10 Grams PKR / Apr 26	210048
Gold Spot USD/Ounce / Apr 26	2337.96
Cotton US¢/pound / Apr 26	80.90
Petrol/Litre / Apr 27	293.94

Stock	Price
786 Invest Ltd / Apr 27 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 27 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 27 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 27 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 27 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 27 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 27 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 27 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 27 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 27 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 27 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 27 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 27 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 27 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 27 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 27 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 27 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 27 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 27 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 27 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 27 Telecard Limited(TELE)	12,358,668 ▲ 0.00