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Print - 2020-04-05
Keir Starmer elected new UK Labour Party leader

Keir Starmer elected new UK Labour Party leader

Pro-European centrist Keir Starmer was on Saturday unveiled as new Labour party leader, heralding a shift in Britain's main opposition party after a crushing election defeat under veteran socialist Jeremy Corbyn and years of ideological infighting.
Published 05 Apr, 2020 12:00am
Inquiry committee report: Export behind increase in sugar prices

Inquiry committee report: Export behind increase in sugar prices

The inquiry committee on sugar price increase stated that its considered opinion based on documentary evidence was that the export of sugar was not justified, and with the export, sugar prices started increasing and exporters gained benefits in two ways -
Published 05 Apr, 2020 12:00am
Analysts expect 0.25 percent growth against targeted 4 percent

Analysts expect 0.25 percent growth against targeted 4 percent

Due to severe impact of deadly coronavirus outbreak and lockdown on economic activities, the country's GDP growth is expected at 0.25 percent in the current fiscal year (FY20) as compared to government's target of 4.0 percent, economists said.
Published 05 Apr, 2020 12:00am
Exemptions under construction package critically examined

Exemptions under construction package critically examined

The government will not inquire about the source of any amount declared in the wealth statement, which is invested in the purchase of land and construction of any structure on such land; construction of any structure on already owned land or first purchas
Published 05 Apr, 2020 12:00am
Virus spread, unemployment major challenges: PM

Virus spread, unemployment major challenges: PM

Terming COVID-19 pandemic as a test and difficult situation for the nation, Prime Minister Imran Khan has expressed optimism that Pakistan would come out of this situation successfully with the nation's resolve and discipline.
Published 05 Apr, 2020 12:00am
Construction package: IMF links it to certain conditions

Construction package: IMF links it to certain conditions

The International Monetary Fund (IMF) has linked the government package for construction industry with "stringent" conditions of timelines, nature and goals, aimed at providing support to the most vulnerable segments of the population, suffered due to COV
Published 05 Apr, 2020 12:00am
Combined income groups: SPI inflation down 2.01 percent WoW

Combined income groups: SPI inflation down 2.01 percent WoW

The SPI inflation during the week ended April 2 against March 26 on Week-on-Week (WoW) basis witnessed a reduction of 2.01 percent for combined income groups, ie, from 128.10 points to 125.52 points, the Pakistan Bureau of Statistic (PBS) revealed.
Published 05 Apr, 2020 12:00am
US small businesses seek $5.4 billion in relief loans

US small businesses seek $5.4 billion in relief loans

Small and medium-size US businesses have applied for more than $5.4 billion in government-backed loans as a key pillar of the country's coronavirus relief plan took effect, the Trump administration said.
Published 05 Apr, 2020 12:00am
IHC urged to dismiss petition of KPT chief

IHC urged to dismiss petition of KPT chief

The federal government has urged the Islamabad High Court (IHC) to dismiss the petition of Chairman Karachi Port Trust (KPT) Rear Admiral Jamil Aktar (retired).
Published 05 Apr, 2020 12:00am
Torkham, Chaman border crossingsto be reopened from 6th-9th

Torkham, Chaman border crossingsto be reopened from 6th-9th

Pakistan on Saturday announced that Torkham and Chaman land border crossings will be reopened for a specific period from April 6-9, 2020, to facilitate Afghan nationals stuck in the country due to the closure of the borders in wake of the COVID-19 pandemi
Published 05 Apr, 2020 12:00am
Construction industry: Package only 'good on paper': Ashfaque

Construction industry: Package only 'good on paper': Ashfaque

Prime Minister Imran Khan's package for the construction sector is 'good on paper' but may be hard to implement because of the difficult economic situation in the country, consequent to the coronavirus outbreak.
Published 05 Apr, 2020 12:00am
There's an opportunity
Letters

There's an opportunity

Business Recorder op-ed writer in his yesterday's contribution to the newspaper seems to have offered a sane and workable advice to the incumbent government.
Published 05 Apr, 2020 12:00am
Construction package: cautious optimism
Articles

Construction package: cautious optimism

Building housing was one of the main pillars of PTI's 100-day agenda. This push was earlier seen in previous two governments (PMLN's and PPP's) but which died down in the respective regimes' very first year. The efforts were fizzling out during the curren
Published 05 Apr, 2020 12:00am
A respite for the Environment

A respite for the Environment

Over the last one week or so the sky over Islamabad is striking blue while nights are brighter than ever. At night you can see far more stars. Even the North Star is now clearly visible. The air is less polluted and all those who suffer from asthma are br
Updated 06 Apr, 2020 05:22am
European medical aid for Iran

European medical aid for Iran

In the lingering debate on what may cause global economic collapse, the villain of the piece invariably was a nuclear war or global warming. Nobody has ever thought that it can also be a pandemic (Covid-19) that is now set on course to drastically redraw
Updated 06 Apr, 2020 05:19am
Crime rate remains low in Capital

Crime rate remains low in Capital

Crime rate in the capital remained low during the last week as only a few cases of theft were reported; the police however, registered 121 cases against violators of Section 144 imposed in the wake of coronavirus outbreak.
Published 05 Apr, 2020 12:00am
114 nabbed for flouting Sec-144 in Peshawar

114 nabbed for flouting Sec-144 in Peshawar

District administration Peshawar has arrested 114 persons and also sealed four schools in a crackdown against the violators of the Section 144 of the Criminal Procedural Code (CrPC) declared as precautionary measure to prevent the possible outbreak of the
Published 05 Apr, 2020 12:00am
Spray to disinfect ICT's residential areas begins

Spray to disinfect ICT's residential areas begins

The Islamabad Capital Territory (ICT) Administration on Saturday started disinfection spray in the residential sectors of the metropolis to control the spread of the COVID-19 after completion of spray in areas where some people were tested positive for co
Published 05 Apr, 2020 12:00am
SBP's economic stimulus package hailed
Money & Banking

SBP's economic stimulus package hailed

Ismail Suttar, Chairman of Economic Council, the Apex Body of Manufacturers of Pakistan, The Employers' Federation of Pakistan (EFP), on Friday welcomed the economic stimulus package announcements by the State Bank of Pakistan (SBP).
Published 05 Apr, 2020 12:00am
Prices of essential kitchen items witness upward trend

Prices of essential kitchen items witness upward trend

Prices of most of the essential kitchen items especially pulses, sugar, rice and eggs, chicken and fruit have witnessed an increase during this week past as compared to the week before, a survey carried out by Business Recorder revealed here on Sat
Published 05 Apr, 2020 12:00am
Chinese embassy gifts 20,000 masks

Chinese embassy gifts 20,000 masks

Embassy of the People's Republic of China gifted 20,000 masks to Islamabad Police, a police spokesman said on Saturday.
Published 05 Apr, 2020 12:00am
Fight against Covid-19: Chinese doctors hold meeting with health team

Fight against Covid-19: Chinese doctors hold meeting with health team

While the number of Corona positive cases is on rise with 1087 cases in 26 districts of the province of Punjab, a team of Chinese doctors, which is currently visiting Pakistan to help the country contain the spread of the coronavirus Saturday held a meeti
Published 05 Apr, 2020 12:00am
PM addresses volunteers of Corona Relief Tiger Force

PM addresses volunteers of Corona Relief Tiger Force

Emphasising the need for coordinated efforts to face the situation created by Covid-19 pandemic, Prime Minister Imran Khan said on Saturday that "no one knows what would happen in future but we must be prepared for the worst."
Published 05 Apr, 2020 12:00am
SBP's steps to address liquidity crisis lauded
Money & Banking

SBP's steps to address liquidity crisis lauded

President of Lasbela Chambers of Commerce & Industry (LCCI), Ismail Suttar has said that the recent proactive measures offered by State Bank of Pakistan to exporters is timely and will address the liquidity crisis situation and provide genuine support to
Published 05 Apr, 2020 12:00am
Covid-19: MCC PQ faces Rs 7.51 billion revenue shortfall
Taxes

Covid-19: MCC PQ faces Rs 7.51 billion revenue shortfall

Following considerable drop in imports deliveries by 50 percent amid the outbreak of COVID-19 in Pakistan, Model Customs Collectorate (MCC), Port Qasim has witnessed a shortfall of Rs7.51 billion to meet its revenue target of Rs59.135 billion for the mont
Published 05 Apr, 2020 12:00am
CPNE hails government's new method of advertisements' payment

CPNE hails government's new method of advertisements' payment

The Council of Pakistan Newspapers Editors (CPNE) has welcomed the notification of Ministry of Information and Broadcasting for introducing new payment procedure of the govt advertisements to newspapers, periodicals and TV channels.
Published 05 Apr, 2020 12:00am
CAPTA lauds government's relief efforts under SBP Refinance Scheme
Cotton & Textile

CAPTA lauds government's relief efforts under SBP Refinance Scheme

Textile manufacturers-cum-exporters associations on Saturday appreciated a relief by the government under the State Bank of Pakistan Refinance Scheme to offset effects of Covid-19 and help the industries benefit - those availing the refinancing in terms o
Published 05 Apr, 2020 12:00am
DHA Quetta holds first balloting

DHA Quetta holds first balloting

DHA Quetta, Smart City is an extraordinary residential plan that offers a world class living space to the people of Balochistan. It is a mega project for the residents of Balochistan to ensure better living standards for everyone.
Published 05 Apr, 2020 12:00am
Alkhidmat donates health kits to ASH doctors, paramedics

Alkhidmat donates health kits to ASH doctors, paramedics

Alkhidmat on request of Mayor Karachi Waseem Akhtar has donated safety gears including Personal Protection Equipment, Safety Gowns and Surgical Masks for medical staff of Abbasi Shaheed Hospital (ASH).
Published 05 Apr, 2020 12:00am
Murad approves purchase of 300,000 testing kits

Murad approves purchase of 300,000 testing kits

Sindh Chief Minister Syed Murad Ali Shah has approved purchase of six new rapid testing machines and 300,000 testing kits so that testing capacity of COVID-19 in the public-sector hospitals could be enhanced.
Published 05 Apr, 2020 12:00am
US natural gas futures fall to 24-year low
Energy

US natural gas futures fall to 24-year low

US natural gas futures fell over 2% on Thursday to their lowest in 24 years for the second straight day on a smaller-than-expected weekly storage draw and concerns higher crude prices could boost gas production from US shale oil fields.
Published 05 Apr, 2020 12:00am
European gasoline margins rise slightly
Energy

European gasoline margins rise slightly

Northwestern European gasoline refining margins rose slightly on Thursday even as crude prices soared by around 20% and ARA inventories rose. ARA gasoline stocks rose by 3.7% in the week to Thursday to 1.186 million tonnes, according to Dutch consultancy
Published 05 Apr, 2020 12:00am
Bad weather weighs on Argentine soya crop estimate
Commodities

Bad weather weighs on Argentine soya crop estimate

Argentina's 2019/20 soya crop is expected at 49.5 million tonnes, the Buenos Aires Grains Exchange said in its weekly report on Thursday, citing bad weather and lower-than-expected yields as the reason for cutting its earlier 52 million tonnes forecast.
Published 05 Apr, 2020 12:00am
EU wheat falls to lowest in almost two weeks
Commodities

EU wheat falls to lowest in almost two weeks

Euronext wheat extended a fall to touch its lowest in almost two weeks on Thursday, pressured by a pullback in Chicago as investors remained worried about the economic fallout from the coronavirus outbreak and saw a recent wheat rally as overdone.
Published 05 Apr, 2020 12:00am
Canadian canola futures fall
Commodities

Canadian canola futures fall

ICE Canadian canola futures slipped on Thursday. It was a quiet day on the canola market, a trader said, adding that canola was being driven by swings in the Canadian dollar and the oil market. May canola shed $1.60 to $463.50 per tonne. May-July canola s
Published 05 Apr, 2020 12:00am
Asia's naphtha falls to 12-year low
Energy

Asia's naphtha falls to 12-year low

Asia's naphtha crack on Thursday hovered near a 12-year low by falling 13.7% to a discount of $26.83 a tonne to Brent crude on ample supplies. LG Chem paid a discount of about $2 a tonne to Japan quotes on a cost-and-freight (C&F) basis for naphtha schedu
Published 05 Apr, 2020 12:00am
Automart: car prices in Karachi

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (April 4, 2020).

Published 05 Apr, 2020 12:00am
The Weather

The Weather

The weather report on Saturday (April 4, 2020) and the forecast for Sunday (April 5, 2020).

Published 05 Apr, 2020 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (April 4, 2020).

Published 05 Apr, 2020 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (April 4, 2020)

Published 05 Apr, 2020 12:00am