News Archives for Print - 2020-03-30

Print - 2020-03-30

PM to unveil roadmap today

Prime Minister Imran Khan will address the nation on Monday (today) regarding the latest situation due to coronavirus outbreak in the country. According to sources, the prime minister, during his address, would present a comprehensive roadmap in front of

Published 30 Mar, 2020 12:00am

Money & Banking

Egypt's banks told to limit withdrawals and deposits

Egyptian banks have been instructed to apply temporary limits on daily withdrawals and deposits in a move seemingly designed to control inflation and hoarding as concern grows over the spread of the coronavirus.

Published 30 Mar, 2020 12:00am

Global Business Economy

Angola to cut budget as fifth year of recession looms large

Angola's finance minister said the country's economy will contract by 1.21% in 2020, marking a fifth year of recession, as the coronavirus and a slump in oil prices batter its finances.

Published 30 Mar, 2020 12:00am

Global Business Economy

Bracing for the worst from US earnings in a pandemic

Investors are desperate for clarity on US corporate profits as the coronavirus pandemic has forced them to lower expectations ahead of the first-quarter reporting period starting in mid-April. US companies increasingly are withdrawing guidance while warni

Published 30 Mar, 2020 12:00am

Global Business Economy

Slovak government plans 1 billion euro a month in help for firms, workers

Slovakia's new government plans an aid package of up to 1 billion euros a month to help firms and employees hurt by the coronavirus pandemic, it said on Sunday. Prime Minister Igor Matovic's four-party centre-right coalition took power on March 21 after o

Published 30 Mar, 2020 12:00am

Money & Banking

Israel eases capital requirements

Israel has eased banks' capital requirements so they can lend more to businesses and households that have been hit hard by a government lockdown aimed at curbing the spread of the coronavirus.

Published 30 Mar, 2020 12:00am

Benin says it does not have the money to confine the population

President Patrice Talon announced Sunday that Benin could not enforce public confinement because it lacks the "means of rich countries" who are fighting the COVID-19 pandemic.

Published 30 Mar, 2020 12:00am

Money & Banking

China Construction Bank Q4 profit beats view

China Construction Bank Corp (CCB) posted on Sunday a better than expected 2.1% rise in fourth-quarter net profit, with its soured loans ratio holding steady.

Published 30 Mar, 2020 12:00am

Taxes

South Africa announces tax relief for business hit by coronavirus

South Africa's National Treasury said on Sunday it was introducing a new tax subsidy of 500 rand ($28) per month for each worker to employers for the next four months to cushion financial losses suffered by firms due to the coronavirus.

Published 30 Mar, 2020 12:00am

MoF asked to revisit expenditure priorities

Prime Minister Imran Khan has directed the Finance Ministry to review expenditure priorities indicated in the Budget Strategy Papers 2020-23, after cabinet members expressed apprehensions over the adverse impact of COVID-19 pandemic on the economic projec

Published 30 Mar, 2020 12:00am

Stocks

Futures spread down by 1148bps

The futures spread declined by 1148bps to 15.06 percent on the last day of the outgoing week.

Published 30 Mar, 2020 12:00am

Stocks

PSX under so much selling pressure

Pakistan Stock Exchange remained under severe selling pressure during the first two days of the outgoing week due to panic selling on investor concerns over deadly coronavirus spread.

Published 30 Mar, 2020 12:00am

Two die in Karachi

The COVID-19-related death toll rose to 14 in the country after two patients died in Karachi here on Sunday. Sindh Minister of Health & Population Welfare Dr Azra Fazal Pechuho said the both individuals died on late Saturday night. They were 83 and 70, re

Published 30 Mar, 2020 12:00am

Number of positive Covid-19 cases in Islamabad soars to 43

Prime Minister's Special Assistant on National Health Services Dr Zafar Mirza has said that confirm coronavirus positive cases in Pakistan are 1,526, including 43 in Islamabad, Punjab 558, Sindh 481, Balochistan 138, Khyber-Pakhtunkhwa 188, Gilgit-Balitis

Published 30 Mar, 2020 12:00am

Money & Banking

Loses 6 percent vs $ in inter-bank market

The rupee dipped by 6 percent or Rs 6 in terms of the dollar in the inter-bank market during the week, ended on March 27, 2020. Marketmen said that during the week the rupee touched the record low 169.50. Later, it came at low level at Rs 164 versus the d

Published 30 Mar, 2020 12:00am

'Virus crisis worries': German minister commits suicide

Thomas Schaefer, the finance minister of Germany's Hesse state, has committed suicide apparently after becoming "deeply worried" over how to cope with the economic fallout from the coronavirus, state premier Volker Bouffier said Sunday.

Published 30 Mar, 2020 12:00am

Saudi intercepts Huthi missiles over Riyadh, border city

Saudi air defences intercepted Yemeni rebel missiles over Riyadh and a city on the Yemen border, leaving two civilians wounded in the curfew-locked capital amid efforts to combat coronavirus, state media said Sunday.

Published 30 Mar, 2020 12:00am

There's no shortage of food items: Firdous

Special Assistant to the Prime Minister for Information and Broadcasting Dr Firdous Ashiq Awan has said that some people want to save their sinking boat by doing politics on coronavirus outbreak in the country. The Special Assistant to the Prime Minister

Published 30 Mar, 2020 12:00am

Current calendar year: Capital market witnesses $126.524m outflow of FIPI

The offshore investors are continuously withdrawing their investments from the Pakistan Capital Market as an outflow of $126.524 million of foreign investors portfolio investment (FIPI) was seen during the current calendar year.

Published 30 Mar, 2020 12:00am

Five stranded Pakistanis return from India

Five Pakistan nationals, stranded in India owing to the restrictions imposed after the coronavirus outbreak, have finally returned to homeland via Attari-Wagah border.

Published 30 Mar, 2020 12:00am

Governments, central banks must boost efforts to help economies cope with crisis: BIS

Governments and central banks need to step up efforts urgently to support their economies in the face of the coronavirus crisis, the head of the Bank for International Settlements said on Sunday.

Published 30 Mar, 2020 12:00am

Adidas, H&M stop rent payments

Global retailers including Adidas and H&M sparked outrage in Germany on Sunday after announcing they planned to stop paying rent on stores that have been forced to close over the coronavirus outbreak.

Published 30 Mar, 2020 12:00am

Probe teams living in miserable conditions?

The Sugar Inquiry Commission team's of around 100 officers comprising different departments/organisations are reportedly living in miserable conditions in Lahore, well informed sources told Business Recorder.

Published 30 Mar, 2020 12:00am

Inquiry Commission accused of raiding 'targeted' sugar mills

Pakistan Sugar Mills Association (PSMA) has accused Sugar Inquiry Commission of raiding "targeted" sugar mills and misbehaving with the staff and employees during the process of search and seizure of documents.

Published 30 Mar, 2020 12:00am

Modi seeks 'forgiveness' from India's poor

Indian Prime Minister Narendra Modi asked the nation's poor for forgiveness on Sunday, as the economic and human toll from his 21-day nationwide lockdown deepens and criticism mounts about a lack of adequate planning ahead of the decision.

Published 30 Mar, 2020 12:00am

Pope backs UN chief's call for global ceasefire

Pope Francis on Sunday backed a call by United Nations Secretary-General Antonio Guterres for a global ceasefire so the world can focus on fighting the coronavirus pandemic.

Published 30 Mar, 2020 12:00am

Letters

China lends a helping hand

This is apropos a Business Recorder news report "China's experts to help govt combat coronavirus" carried by the newspaper yesterday. It is indeed a matter of great satisfaction that a special Chinese plane, carrying relief assistance from the Chin

Published 30 Mar, 2020 12:00am

Articles

Oil-rich wealth funds seen shedding upto $225 billion in stocks

Sovereign wealth funds from oil-producing countries mainly in the Middle East and Africa are on course to dump up to $225 billion in equities, a senior banker estimates, as plummeting oil prices and the coronavirus pandemic hit state finances.

Published 30 Mar, 2020 12:00am

Articles

Coronavirus war - the mental battle

The mind hates uncertainty. The mind dislikes lack of clarity. Uncertainty and un- clarity create fear of the unknown. Fear creates anxiety and anxiety corrodes positivity, creativity and growth. The biological battle of fighting the virus is in full swin

Published 30 Mar, 2020 12:00am

Articles

Discount rate at 11pc - is that enough? - I

The Monetary Policy Committee (MPC) meeting chaired by Governor State Bank of Pakistan (SBP) Dr Reza Baqir held on 17 March 2020 decided to reduce the discount rate by 75 basis points drawing the ire of industrialists and economists alike who cited the ne

Published 30 Mar, 2020 12:00am

Honour our first responders

Crises like wars and pandemics throw up heroes. One such hero is 26-year-old physician Dr Osama Riaz. He succumbed to the deadly virus he contracted while helping patients who had returned to Gilgit-Baltistan from abroad. That coronavirus is exacting a he

Updated 02 Apr, 2020 09:14am

Congregational prayers

The key to stopping the spread of coronavirus is social distancing. Yet not many are unwilling to pay heed, especially when it comes to congregating in mosques for prayers. Part of the problem seems to be lack of proper guidance. It has now come from a wi

Updated 02 Apr, 2020 09:14am

World Bank/IMF show the way

The World Bank and IMF have come together at just the right time and urged governments as well as official bilateral creditors to provide immediate debt relief to the world's poorest countries as they battle the coronavirus threat. The move comes in the b

Updated 02 Apr, 2020 09:14am

Sharmila seeks complete suspension of train service to keep people at bay

Pakistan Peoples Party (PPP) Leader Ms Sharmila Farooqui said on Sunday that in view of the reservations from the Sindh, the federal government's decision to withdraw the notification issued for international flight resumption is a welcome move, but it is

Published 30 Mar, 2020 12:00am

Commodities

Prices of essential items increase substantially

Amid partial lockdown in the provincial capital, the prices of pulses, vegetable, flour, live chicken/meat, eggs, and other grocery items have increased manifold in retail market here, according to survey conducted by Business Recorder on Sunday.

Published 30 Mar, 2020 12:00am

2nd plane carrying medical equipment arrives: Cooperation foils transmit of any case from China: Dr Zafar

Special Assistant to the Prime Minister on National Health Services Dr Zafar Mirza has expressed his gratitude for China for extending cooperation to Pakistan in the fight against coronavirus (COVID-19).

Published 30 Mar, 2020 12:00am

Business & Economy

Individual industrial/production units: Industries secy empowered to allow operations

The Provincial Cabinet in its meeting held on 27th March 2020 has authorized Secretary Industries to indicate and allow operations of Individual Industrial/production units through specific notification and to ensure that the guidelines/SOPs issued by Rel

Published 30 Mar, 2020 12:00am

Mayor demands test facility at one of three public sector hospitals

Mayor Karachi Waseem Akhtar Sunday asked Sindh government to provide coronavirus test facility at one of three public sector hospitals in district Central and West to cater over 10 million people residing there.

Published 30 Mar, 2020 12:00am

Business & Economy

PAF aircraft carrying medical equipment from China arrives

The Air Transport fleet of PAF has been assigned the onerous responsibility to Air lift medical equipment and relief goods from Peoples' Republic of China to help fight COVID-19 Pandemic in Pakistan.

Published 30 Mar, 2020 12:00am

Business & Economy

Industrial Policy 2020-30: KP to establish ten economic zones

The provincial government of Khyber Pakhtunkhwa has planned the establishment of 10 Special Economic Zones (SEZs) in the province to promote industry, trade and general employment opportunities for youth.

Published 30 Mar, 2020 12:00am

Taxes

Promotions of BS-16 to BS-21: STOAP deplores discriminatory treatment of FBR officials

An urgent meeting of Central Executive Committee (CEC) of the Sales Tax Officers Association of Pakistan (STOAP) was held on Sunday through a video link to finalize action plan after continuous discriminatory treatment of the Federal Board of Revenue (FBR

Published 30 Mar, 2020 12:00am

Pakistan for release of Kashmiri prisoners, lifting of curbs in IOJ&K

Pakistan is deeply concerned over continued restrictions in the Indian occupied Jammu and Kashmir (IOJ&K), despite so many confirmed cases and two deaths due to COVID-19.

Published 30 Mar, 2020 12:00am

PRC-Sindh opens 24/7 Covid-19 Agaahi Medical Helpline

The Pakistan Red Crescent Society (PRCS) Sindh has launched a community medical assistance services named "COVID-19 AGAAHI Medical Helpline" on Saturday, with Coordination and Cooperation of Governor of Sindh and President of Pakistan at Emergency Operati

Published 30 Mar, 2020 12:00am

Sindh hails Centre's decision of not resuming int'l flights

Sindh Minister for Information, Local Government, Housing & Town Planning, Religious Affairs, Forest & Wildlife Syed Nasir Hussain Shah has said that the federal government had taken wise decision to not to resume the international flight operation from A

Published 30 Mar, 2020 12:00am

Sindh develops App for ration distribution on people's doorstep

Sindh Chief Minister Syed Murad Ali Shah has established a Sindh Relief Initiative Application with a URL address under which social welfare organisations interested in working with his government would have to get themselves registered so that ration cou

Published 30 Mar, 2020 12:00am

Cotton & Textile

Factories be allowed to run normal-time operation: TMAP chief

Chairman Towel Manufacturers Association of Pakistan (TMAP) Jahangir has said, "We are the Towel Manufacturers of Pakistan. We are a 100% export oriented industry and comprise of small and medium scale factories. It has already been a week of a formal loc

Published 30 Mar, 2020 12:00am

Business & Economy

BMP KP seeks relief package to mitigate impact of virus on economy

Chairman, Businessman Panel (BMP), Khyber Pakhtunkhwa and FPCCI panel on Diplomatic Political Affairs, Mohammad Adnan Jalil has demanded special package to mitigate the impact of the coronavirus situation on the business community of Khyber Pakhtunkhwa.

Published 30 Mar, 2020 12:00am

Fatalities due to coronavirus: CM's aide vows to compensate families of govt employees

The provincial government of Khyber Pakhtunkhwa has decided payment of compensation to the families of all those government employees died from Corona virus infection while performing duty.

Published 30 Mar, 2020 12:00am

Cotton & Textile

WEEKLY COTTON REVIEW: No business in local market due to coronavirus

The cotton trade was badly affected by coronavirus internationally. Local textile mills and ginners were in distress. Textile mills were shut down after the building up of inventory as a result of suspension of export orders from abroad.

Published 30 Mar, 2020 12:00am

Plan to save irrigation water from being wasted chalked out

Punjab government has prepared a detailed plan costing Rs.3.68 billion to introduce modern irrigation system in the Province. The step was being taken to overcome the wastage of irrigation water in the Punjab.

Published 30 Mar, 2020 12:00am

Commodities

Essential items: Punjab CM vows to stabilise prices

Chief Minister Punjab Sardar Usman Buzdar directed authorities to undertake all necessary measures to bring stability in the prices of essential edibles including flour and further directed that provision of essential commodities and flour should be ensur

Published 30 Mar, 2020 12:00am

Chicken price soars to Rs 197 in just a week

The price of chicken meant is increasing with each passing day in the local market due to rising demand and increasing short supply. During visits to different markets on Sunday, this scribe observed that the chicken meat was being sold at Rs 195-197 as c

Published 30 Mar, 2020 12:00am

Chinese health experts' team visits NIH

A team of Chinese health experts led by Luo Zhaohui, Ambassador of China to Pakistan on Sunday visited National Institute of Health (NIH) for sharing their experiences in managing and combating Coronavirus (COVID-19).

Published 30 Mar, 2020 12:00am

210 quarantined in Hyderabad mosque

210 people belonging to Tablighi Jamaat have been quarantined at Noor Masjid Qasimabad, while out of these two Chinese had been sent to Civil Hospital Hyderabad in which one reportedly is Corona virus infected.

Published 30 Mar, 2020 12:00am

Mother, son test positive for virus in KP

The coronavirus test of under treatment woman and her son at Police Services Hospital, Peshawar have come proved positive. The woman identified as Qimata Bibi and her son hail from Bara, district Khyber have been quarantined in their house, said an offici

Published 30 Mar, 2020 12:00am

PDMA Sindh dispatches KN-95 masks to hospitals

Provincial Disaster Management Authority (PDMA) Sindh, on the directives of Sindh Minister for Rehabilitation Faraz Dero, has so far dispatched over 1 lac KN-95 masks, donated by China, to various hospitals/medical centers.

Published 30 Mar, 2020 12:00am

CS seeks public cooperation to combat Covid-19

Chief Secretary Punjab Azam Suleman Khan has emphasized that the war against coronavirus cannot be won without the cooperation of people as there is a dire need to infuse sense of confidence among citizens so as to achieve positive results.

Published 30 Mar, 2020 12:00am

Business & Economy

Coronavirus outbreak: WCCI hails PM's special economic package

The Women Chamber of Commerce and Industry (WCCI) Peshawar here on sunday welcomed the PM special economic relief package amid outbreak to coronavirus pandemic in the country, demanding to extend the same special monetary package for small medium enterpri

Published 30 Mar, 2020 12:00am

Business & Economy

PAJCCI calls for opening of transit routes for trade

Pak-Afghan Joint Chamber of Commerce and Industry (PAJCCI) has called for the opening of both Chaman and Torkham border to resume trade between both countries suspended in wake of the outbreak of Corona Virus pandemic.

Published 30 Mar, 2020 12:00am

67 more pilgrims shifted to quarantine centre in Faisalabad

Sixty seven more pilgrims from Taftan, Iran have reached Quarantina Center at Jhang road in PARS Campus and they all have been safely shifted to their rooms while reports of 140 pilgims have received of coronavirus out of the 158 visitors who came earlier

Published 30 Mar, 2020 12:00am

Business & Economy

PIA issues travel advisory for passengers of Gilgit, Skardu

The Pakistan International Airlines (PIA) has issued traveling advisory for the passengers of Gilgit and Skardu to prevent the spread of the Coronavirus.

Published 30 Mar, 2020 12:00am

Energy

Pakistan Energy Sukuk-II of Rs 200 billion: PD urged to expedite process of clearing IPPs' overdue amount

Independent Power Producers Association (IPPA) has urged Power Division to expedite Pakistan Energy Sukuk-II of Rs 200 billion to clear sizeable overdue amounts of IPPs which are on the verge of default, well informed sources told Business Recorder.</i

Published 30 Mar, 2020 12:00am

Buzdar announces Rs 18 billion tax exemptions as relief to people

Punjab Chief Minister Usman Buzdar has said that exemption from provincial taxes amounting to Rs 18 billion will provide a real time relief to a common man.
Published 30 Mar, 2020 12:00am

Firdous accuses Shehbaz of neglecting health sector facilities

Expressing dismay over the negligence of ex Chief Minister Shehbaz Sharif and PML-N government for ignoring many sectors including health in Punjab, Special Assistant to Prime Minister on Information and Broadcasting, Dr Firdous Ashiq Awan said the people
Published 30 Mar, 2020 12:00am

Marriyum deplores absence of national Covid-19 strategy

PML-N Secretary Information Marriyum Aurangzeb has called an immediate boost in capacity for new coronavirus testing, quarantine and public awareness campaign.
Published 30 Mar, 2020 12:00am

Shehbaz for enhancing testing capacity

PML-N President and National Assembly Opposition Leader says it is extremely crucial that the scope and circumference of new coronavirus testing and it should immediately be made free because identification and tracking of the disease is extremely crucial
Published 30 Mar, 2020 12:00am

People not taking coronavirus situation seriously: Sarwar

Punjab Governor Chaudhry Mohammad Sarwar has said that unfortunately the people are not taking corona danger as serious because coming out of homes means high vulnerability to catch this virus. Government will take every step to confine the people to thei
Published 30 Mar, 2020 12:00am

Pakistan condemns missile attack on Saudi Arabia

Pakistan strongly condemns the missile attacks launched towards Riyadh and Jizan in the Kingdom of Saudi Arabia. It is particularly reprehensible that armed attacks were directed at civilian population that is already fighting a pandemic.
Published 30 Mar, 2020 12:00am

Brief Recordings
An interview with the co-founders of Oraan Tech Pvt. Ltd.

Halima is the founder and CEO of Oraan, a collaborative platform for group savings. After graduating from University of Waterloo, she started off her career in investment banking and then moved on to consult for top North American banks on Fintech product
Updated 30 Mar, 2020 05:14am

North Korea fires two short-range 'ballistic missiles' into sea

North Korea fired what appeared to be two short-range ballistic missiles off its east coast on Sunday, the fourth such launch this month as the world battles the coronavirus outbreak.
Published 30 Mar, 2020 12:00am

China defends against incoming second wave of coronavirus

A growing number of imported coronavirus cases in China risked fanning a second wave of infections when domestic transmissions had "basically been stopped", a senior health official said on Sunday, while eased travel curbs may also add to domestic risks.
Published 30 Mar, 2020 12:00am

Bolivia reports first death

A 78-year-old woman on Sunday became the first person to die of the new coronavirus in Bolivia, which has reported 81 confirmed cases, the government announced. Health Minister Anibal Cruz told reporters the woman, who was hospitalized in the department o
Published 30 Mar, 2020 12:00am

Syria declares first death

A woman in Syria died on Sunday of the novel coronavirus, the health ministry said, marking the country's first officially declared death from COVID-19. "The woman died as soon as she was admitted to hospital," the health ministry said in a statement carr
Published 30 Mar, 2020 12:00am

Record virus deaths in Spain as world hunkers down for long haul

Spain broke another national record of daily coronavirus deaths Sunday as more than 40 percent of the world's population was asked to stay home in hopes of halting the deadly march of a disease that has claimed more than 32,000 lives.
Published 30 Mar, 2020 12:00am

Mali votes despite coronavirus and security fears

Malians voted in a long-delayed parliamentary election on Sunday, barely a day after the country recorded its first coronavirus death and with the leading opposition figure kidnapped and believed to be in the hands of jihadists.
Published 30 Mar, 2020 12:00am

Plane catches fire on takeoff at Philippine airport, eight dead

A Japan-bound plane caught fire on takeoff at Manila airport in the Philippines late Sunday, killing all eight people on board, airport authorities said.
Published 30 Mar, 2020 12:00am

Stocks
Madrid approves Swiss exchange's bid for Spanish BME bourse

The Spanish government on Tuesday authorised Swiss stock exchange operator SIX's 2.84 billion euro takeover for its Spanish rival Bolsas y Mercados Espanoles (BME), which would create Europe's third biggest operator.
Published 30 Mar, 2020 12:00am

Stocks
Wall Street week ahead: Fund rebalancing could help buoy stock rebound

Money managers rebalancing their portfolios to boost equity exposure into the end of the quarter may support the nascent stock rally that has followed the steep coronavirus-fueled market drop.
Published 30 Mar, 2020 12:00am

Stocks
Bond markets look to ECB to stem yield blowout - again

ECB president Christine Lagarde said a week ago the central bank wasn't there to "close spreads", in other words, to tame bond market blowouts in riskier euro zone members. Mounting stress means she may have to do exactly that.
Published 30 Mar, 2020 12:00am

Stocks
A falling yen may not be the economic cure Japan seeks

Fallout from the coronavirus outbreak may finally lift the curse of the safe-haven yen for Japan but policymakers fear fiscal laxity could lead to a currency free-fall eventually, undermining efforts to cushion the economy from the pandemic.
Published 30 Mar, 2020 12:00am

Stocks
Most major Gulf stocks gain on coronavirus measures

Most major Gulf bourses rose on Sunday as the states took more stringent measures to contain the coronavirus, though Qatar's index fell after the nation's first death from the virus. In Abu Dhabi, the index advanced 2.9%, led by a 6.2% gain for First Abu
Published 30 Mar, 2020 12:00am

Global Business Economy
Qatar Airways says it will need state support as cash runs out

Qatar Airways will have to seek government support eventually, Chief Executive Akbar al-Baker told Reuters on Sunday, warning that the Middle East carrier could soon run out of the cash needed to continue flying.
Published 30 Mar, 2020 12:00am

Stocks
ESM, not Eurobonds is the mechanism to share burden: German finance minister

The European Stability Mechanism (ESM) is the right instrument to share the economic burden of the coronavirus crisis, German finance minister Olaf Scholz said on Sunday, reiterating that jointly issued debt by euro zone members was not the right way to c
Published 30 Mar, 2020 12:00am

Money & Banking
Turkish central bank predicts strong growth despite coronavirus

Turkey's central bank expects high first-quarter growth thanks to a strong January and February, its deputy governor was quoted as saying on Sunday, as the nation battles to contain the coronavirus.
Published 30 Mar, 2020 12:00am

Global Business Economy
China's Sinopec cuts 2020 capital spending by 2.5 percent

Asia's top refiner China Petroleum & Chemical Corp, or Sinopec, will trim capital expenditures in 2020 by 2.5% from a year earlier amid plunging oil prices and tepid fuel demand caused by the coronavirus outbreak.
Published 30 Mar, 2020 12:00am

Telecommunication
Bouygues Telecom to put 20 percent of staff on partial unemployment

France's Bouygues Telecom said on Sunday about 20% of its workforce would be temporarily laid off during the coronavirus crisis and receive compensation for 15 days. France has launched a package of measures to cushion the economic blow dealt by the coron
Published 30 Mar, 2020 12:00am

Global Business Economy
UK companies worried about outlook even before lockdown: CBI

British companies in key sectors were already bracing for the biggest hit to business since 2009 even before last week's shutdown of the much of the economy as the government moved to slow the spread of coronavirus, an employers' group said.
Published 30 Mar, 2020 12:00am

Money & Banking
Czech ministry pushes for blanket loan payment moratorium at banks

Czech Finance Minister Alena Schillerova wants banks to put in place a blanket six-month moratorium on mortgage, consumer and company loan payments and said on Sunday she is readying legislation to present to the government this week.
Published 30 Mar, 2020 12:00am

Energy
Nigeria imposes offshore oil worker restrictions

Nigeria's petroleum regulator has ordered oil and gas companies to reduce their offshore workforce and move to 28-day staff rotations as part of measures to curb the spread of the coronavirus, according to a circular seen by Reuters.
Published 30 Mar, 2020 12:00am

Partisan divide returns in US Congress on coronavirus next steps

Fresh partisan divisions flared on Sunday on the next steps for the US Congress in dealing with the coronavirus crisis, with the top House of Representatives Republican casting doubt on the need for more economic stimulus legislation while House Speaker N
Published 30 Mar, 2020 12:00am

Football
Xavi wants 'total harmony' to return to Barcelona as coach

Xavi Hernandez has reiterated his desire to coach Barcelona in the future but suggests he will not return until a different board brings a new sense of direction to the club.
Published 30 Mar, 2020 12:00am

Other
Tokyo organisers eye July 2021 for delayed Olympics

Tokyo Olympics organisers are eyeing next July as a start date for the postponed Games, Japanese media reported Sunday, following the historic decision to delay the event due to the coronavirus.
Published 30 Mar, 2020 12:00am

Other
UK Athletics chief shuns 'medals at all costs' mentality

UK Athletics' new chief executive Joanna Coates does not want "medals at all costs" as she tries to steer the organisation through a turbulent period. UK Athletics recently published the results of an independent review into the handling of Mo Farah's con
Published 30 Mar, 2020 12:00am

Football
South African Premiership finish date 'unrealistic', warns doctor

Former South Africa national team doctor Ntlopi Mogoru says it is "unrealistic" to expect the country's Premiership to finish by the end of June as the coronavirus pandemic continues to spread.
Published 30 Mar, 2020 12:00am

Other
Postponing Olympics saves athletes from mental turmoil: Coe

World Athletics president Sebastian Coe said Sunday that the decision to postpone this year's Tokyo Olympics because of the coronavirus has saved athletes from "mental turmoil".
Published 30 Mar, 2020 12:00am

Other
British boxer Yarde's father dies of coronavirus

British boxer Anthony Yarde urged the public to stay at home after revealing his father has died of the coronavirus. Yarde, who fought Sergey Kovalev for the Russian's cruiserweight world title last year, said his father had been "fit with no health issue
Published 30 Mar, 2020 12:00am

Football
Turkish World Cup hero Recber hospitalised with coronavirus

Former Turkish national team and ex-Barcelona goalkeeper Rustu Recber is in hospital after testing positive for coronavirus, his wife said. Recber took on hero status in Turkey as he kept goal at the 2002 World Cup, anchoring his team to the semi-finals a
Published 30 Mar, 2020 12:00am

Other
Star batsman Smith's leadership ban ends

A two-year leadership ban slapped on Steve Smith after the ball-tampering scandal in South Africa ended Sunday, leaving the master batsman free to skipper Australia again.
Published 30 Mar, 2020 12:00am

Other
Two Olympic champions amongst four Russians accused of doping

Four Russian athletes, including two former Olympic champions, have been charged with doping based on evidence from the bombshell McLaren report, the Athletics Integrity Unit (IAU) said Friday. Andrey Silnov, the 2008 Olympic high jump champion, and 2012
Published 30 Mar, 2020 12:00am

Other
Spurs star Son returns to South Korea for 'personal reasons'

Tottenham forward Son Heung-min has been allowed to fly home to South Korea for "personal reasons". Although Britain is on lockdown due to the coronavirus, the Premier League club on Sunday said Son has been given permission to return to Asia.
Published 30 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

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Yesterday

Past 3 Days

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

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

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

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

Sazgar Engineering Works Limited

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

Pakistan misses wheat production target

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

Liquidation of certain appellate fora: Cabinet approves amendments to tax laws

Tax law amendment bill introduced in NA

The Organic Meat Company secures another $4mn export contract to UAE firm

Rupee sustains minor loss against US dollar

Investment and loss reduction: KE’s 7-year plan approved by Nepra

NJLI Sarmaya Growth Fund Rates

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

Pakistan misses wheat production target

Expenditure cut steps likely in FY25 budget

NJLI Sarmaya Growth Fund Rates

Gold price per tola falls massive Rs7,800 in Pakistan

3.2 magnitude earthquake hits parts of Karachi

Prices of petrol, diesel likely to be slashed

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

Gold price per tola increases Rs1,100 in Pakistan

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