News Archives for Print - 2020-04-06 - Business Recorder

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Print - 2020-04-06

Biden says coronavirus may force Democrats to hold 'virtual' presidential convention

Biden says coronavirus may force Democrats to hold 'virtual' presidential convention

Former Vice President Joe Biden, the front-runner for the Democratic presidential nomination, said on Sunday the party may be forced to host a "virtual" nominating convention in August due to concerns about the coronavirus pandemic.

Published 06 Apr, 2020 12:00am

Algeria jails journalist

Algeria jails journalist

An Algerian court on Sunday sentenced to eight months in jail a journalist who had provided images of months-long anti-government protests to foreign media, a prisoners' support group and a non-government organisation said.

Published 06 Apr, 2020 12:00am

Second Greek migrant camp under virus lockdown

Second Greek migrant camp under virus lockdown

Officials in Greece on Sunday placed a second migrant camp near Athens under lockdown after an Afghan resident tested positive for the coronavirus, the migration ministry said.

Published 06 Apr, 2020 12:00am

PML-N slams government's distortion of FIA's report

PML-N slams government's distortion of FIA's report

Pakistan Muslim League (N) has asked the government to stop distorting report facts. PML-N Secretary information Marriyum Aurangzeb while slamming government Spokesperson's distortion of FIA's report, has demanded that the Spokesperson should tell when wi

Published 06 Apr, 2020 12:00am

Philanthropic activities banned in Punjab

Philanthropic activities banned in Punjab

After observing that a large number of people are not following the protocols of social distancing and violating section-144, the Punjab government on Sunday imposed a ban on all kinds of philanthropic activities across the province.

Published 06 Apr, 2020 12:00am

Turkey exempts young workers from confinement order

Turkey exempts young workers from confinement order

Turkey on Sunday said working youth, including seasonal agricultural labour, will be exempted from a confinement order imposed as part of tougher measures against the coronavirus outbreak. President Recep Tayyip Erdogan on Friday issued a mandatory confin

Published 06 Apr, 2020 12:00am

Total number of cases in Punjab reaches 1196

Total number of cases in Punjab reaches 1196

With 63 new cases, total number of confirmed Covid-19 cases in the province of Punjab has reached 1,196, a spokesman of health department said on Sunday.

Published 06 Apr, 2020 12:00am

Sindh CM seeks SOPs to allow industries to open

Sindh CM seeks SOPs to allow industries to open

Sindh Chief Minister Syed Murad Ali shah, keeping in view the COVID-19 threat, has constituted a committee of health experts, labour and industries department secretaries and representatives of Police and Rangers to prepare Standard Operational Procedures

Published 06 Apr, 2020 12:00am

Covid-19: Umar hints at health sector's inability to deal with rising cases

Covid-19: Umar hints at health sector's inability to deal with rising cases

Minister for Planning Development and Head of National Command and Operation Center (NCOC), Asad Umar on Sunday said that the coronavirus cases are expected to touch the limit of health system in the next few weeks despite low spread of virus.

Published 06 Apr, 2020 12:00am

Coronavirus-hit consumers: Power tariff freezing to cost kitty Rs381bn

Coronavirus-hit consumers: Power tariff freezing to cost kitty Rs381bn

Power Division has reportedly prepared power tariff freezing for three months aimed at minimising financial burden on the Coronavirus-hit consumers, estimated financial impact of which will be Rs 381 billion, well informed sources told Business Record

Published 06 Apr, 2020 12:00am

PM fulfilled his promise of making reports public: Firdous

Special Assistant to Prime Minister (SAPM) for Information and Broadcasting Dr Firdous Ashiq Awan has said that identification of government personalities in Federal Investigation Agency (FIA) report on sugar and wheat crisis is an example of self-account
Published 06 Apr, 2020 12:00am

2019-20: ST collection from sugar doesn't reflect actual increase in revenue

The sales tax collection of Federal Board of Revenue (FBR) from sugar sector has increased by 62.3 percent during 2019-20, which is not proportionate to increase in sales tax rate from 8 percent to 17 percent in 2019-20.
Published 06 Apr, 2020 12:00am

Wheat, sugar crises: PM decides to act on reports

Prime Minister Imran Khan said on Sunday that action would be taken against those involved in the wheat and sugar crisis in the country in the light of forensic reports of the high-powered commission.
Published 06 Apr, 2020 12:00am

Stocks
Futures spread down by 765bps

The futures spread declined by 765bps to 7.41 percent on the last day of the outgoing week.
Published 06 Apr, 2020 12:00am

Stocks
Highest-ever weekly recovery witnessed

Pakistan Stock Exchange witnessed highest ever weekly recovery during the outgoing week ended on April 3, 2020 on the back of aggressive buying mainly by local investors and institutions.
Published 06 Apr, 2020 12:00am

Credit period for payment: SSGC rejects KE's request for extension

Sui Southern Gas Company Limited (SSGCL) has turned down K-Electric's request for extension in credit period for payment of monthly bills, saying that it would compromise its recovery and lead to sovereign default.
Published 06 Apr, 2020 12:00am

Money & Banking
THE RUPEE: $ maintains upward trend

The dollar managed to maintain upward trend versus the rupee on the inter-bank market during the week, ended on 03, 04, 2020.
Published 06 Apr, 2020 12:00am

Twelve killed in IOK violence amid virus lockdown

Nine freedom fighters martyred and three soldiers were killed in two separate incidents in Indian-occupied Kashmir, officials said Sunday, as authorities enforced a lockdown to combat the spread of the coronavirus pandemic.
Published 06 Apr, 2020 12:00am

Pakistan
PMA Sindh JAC meeting held

To get the problems of doctors of Sindh especially in present pandemic of coronavirus a meeting of Joint Action Committee of doctors of Sindh, Joint Action Committee Pakistan Medical Association Sindh and Young Doctors Association Sindh was held on video
Published 06 Apr, 2020 12:00am

Positive cases will be referred to Expo Centre from today

Sindh Health Department on Sunday decided to refer COVID-19 positive cases (Asymptomatic or mild symptomatic) to field isolation centre set up at Karachi Expo Centre from April 6 (today).
Published 06 Apr, 2020 12:00am

Man in Russia kills five people for 'talking loudly'

A man in central Russia shot and killed five people for talking noisily at night under his windows, investigators said Sunday.
Published 06 Apr, 2020 12:00am

PM's relief package: Emergency cash transfer to start on 8th: BISP chief

The government would start one off Rs 12000 emergency cash transfer to 12 million poor families facing economic hardship following lockdown of the country subsequent to coronavirus under Prime Minister's relief package from Wednesday.
Published 06 Apr, 2020 12:00am

Distribution of Rs200bn amongst unemployed workers: Ministry ignores retired employees of PSM?

Ministry of Industries and Production (MoI&P) has reportedly ignored retired employees of Pakistan Steel Mills (PSM) while preparing a plan to distribute Rs 200 billion amongst the unemployed workers as per the decision of Federal Cabinet.
Published 06 Apr, 2020 12:00am

Starbucks competitor Luckin apologises for fraud scandal

Luckin Coffee, China's biggest rival to Starbucks, apologised on Sunday after it revealed a top executive may have faked 2.2 billion yuan (US$310 million) worth of sales in 2019.
Published 06 Apr, 2020 12:00am

PIA 'forced' to suspend operations from Karachi

Lack of coordination between federal and provincial authorities over the implementation of preventive measures to avert the spread of COVID-19 has forced Pakistan International Airlines (PIA) to suspend its operations from Karachi.
Published 06 Apr, 2020 12:00am

Trump warns 'toughest week' ahead as global virus deaths top 60,000

US President Donald Trump warned Americans to brace for a "very horrendous" number of coronavirus deaths in the coming days, ahead of a rare speech by Queen Elizabeth II on Sunday aimed at rallying hard-hit Britain.
Published 06 Apr, 2020 12:00am

'Grower' biggest beneficiary of sugar export: PSMA chief

While welcoming the release of the inquiry committee report on sugar by the federal government, Pakistan Sugar Mills Association (PSMA) Chairman Aslam Faruque has said that an open, fair and facts based discussion was exactly what the sugar industry wante
Published 06 Apr, 2020 12:00am

Letters
What does the PM say now?

This is apropos a Business Recorder news item titled "Inquiry committee report "Export behind increase in sugar prices" carried by the newspaper yesterday. No doubt, the inquiry report must have left the PTI-led ruling alliance red-faced because th
Published 06 Apr, 2020 12:00am

Articles
After the virus: What world will we live in?

One day, the battle against the novel coronavirus will be won. But the world that emerges may look very different from the one we lived in before the pandemic began.
Published 06 Apr, 2020 12:00am

Articles
Stock values vs human values

Dow Jones is down. Nasdaq is nose-diving. PSX is declining. Stock values are crashing. The world is talking about recession, deficits and bankruptcies. Since it is an invisible virus, and thus a natural calamity, most people feel nobody could have foresee
Published 06 Apr, 2020 12:00am

Articles
Spending without due process not advised

Primary deficit of 0.6 percent with singular lack of focus on the fiscal deficit (7.2 percent was set as the target for 2019-20 - identical to what the authorities erroneously claimed was the projected deficit for 2018-19) was an International Monetary Fu
Published 06 Apr, 2020 12:00am

Moody's growth projections

Moody's has scaled down growth projections for Pakistan by up to 0.9 percent. Instead of the 2.9 percent projected earlier the rating agency now reckons growth would be no more than between 2 to 2.5 percent.
Updated 06 Apr, 2020 05:20am

The construction package and IMF

Prime Minister Imran Khan announced a comprehensive construction promotion package by granting it the status of industry; additionally, investors would not be asked the source of their income, a fixed construction per square foot tax would be introduced,
Updated 06 Apr, 2020 05:20am

Sugar, wheat crises: Shahbaz wants responsible be punished

President of Pakistan Muslim League-Nawaz (PML-N) Shahbaz Sharif has demanded action against people responsible for wheat and sugar crisis in light of newly released report of Federal Investigation Agency (FIA) on the matter.
Published 06 Apr, 2020 12:00am

Sindh government claims to have utilised Rs285m from Coronavirus Emergency Fund

The Sindh government claimed to have utilised Rs285 million from the Coronavirus Emergency Fund it has established under the chief secretary.
Published 06 Apr, 2020 12:00am

Lockdown help improve Capital's quality of air

The federal capital on March 25 observed a virtual lockdown, to contain the risk of Coronavirus pandemic outbreak that resulted in drastic decline in air pollution since the closure of traffic and public mobility in the metropolis.
Published 06 Apr, 2020 12:00am

Heavy rain, thunderstorm hit Lahore, other cities

Several cities including Lahore, Sheikhupura, Khushab and Hafizabad received heavy rain. Hailing in some areas damaged wheat crop.
Published 06 Apr, 2020 12:00am

Brief Recordings
An interview with Professor of Geography Daanish Mustafa at the King's College, London'Demand full recovery from electric tubewells to rationalise water use in farming'

Daanish Mustafa is a maverick among young environmentalists. He obtained his BA in Geography from Middlebury College, USA, his MA from University of Hawai'i Manoa, and his PhD in Geography from University of Colorado. Since then, he has taught at George M
Updated 06 Apr, 2020 05:09am

Cotton & Textile
WEEKLY COTTON REVIEW: No business activity in market

The partial sowing of cotton has started but there are no estimates of production. The support price was not fixed yet. The crisis of the textile sector is increasing day by day. The industries have started working partially.
Published 06 Apr, 2020 12:00am

Covid-19 outbreak: Job of preparing kits be assigned to women: mayor

Mayor Karachi Wasim Akhtar Sunday asked federal and Sindh governments to award production work of coronavirus precautionary kits to skilled women at home so that they could feed their families in the lockdown.
Published 06 Apr, 2020 12:00am

12 more Covid-19 patients given clean bill of health: minister

Sindh Minister for Information, Local Government, Housing and Town Planning, Religious Affairs, Forest and Wildlife, Syed Nasir Hussain Shah, has said that Sindh Chief Minister Syed Murad Ali Shah was presiding over the meeting of the task force formed t
Published 06 Apr, 2020 12:00am

Field hospitals being set up across Punjab: CS

Punjab Chief Secretary Azam Suleman Khan has said that field hospitals for Covid-19 patients are being established across the province on the pattern of Expo Centre Lahore and two similar health facilities would be functional in Rawalpindi and Jhelum with
Published 06 Apr, 2020 12:00am

Governor assures safety of those waging war on front line

Inaugurating Muhafiz Force and Muhafiz App (application) of Hilal-e-Ahmar Pakistan at Governor House on Sunday, Punjab Governor Chaudhry Mohammad Sarwar said that safety of those fighting corona on the front line will be ensured.
Published 06 Apr, 2020 12:00am

Business & Economy
Sharp rise witnessed in prices of essential commodities

The prices of essential food commodities, including vegetable, pulses, flour, sugar, fruits, fresh milk etc have risen sharply in local market amid continuous lockdown here in provincial capital, according to survey conducted by Business Recorder h
Published 06 Apr, 2020 12:00am

CPEC projects to meet deadlines despite Covid-19 issue: Hashmi

Pakistan Ambassador to China, Naghmana Alamgir Hashmi has said that all the projects being completed under the China Pakistan Economic Corridor (CPEC) framework would meet their deadlines as all the preventives and control measures had been put in place a
Published 06 Apr, 2020 12:00am

Navy supports indigent populace amid pandemic lockdown

Pakistan Navy is extending support to needy families in current difficult state due to Coronavirus Pandemic. In coordination with various philanthropist associations, Pakistan Navy distributed food/commodities while reaching out to indigent families in va
Published 06 Apr, 2020 12:00am

Taxes
PFMA KP urges govts to exempt flour industry from taxes

Pakistan Flour Mills Association Khyber Pakhtunkhwa (PFMA-KP) chapter demanded of the federal and provincial government to exempt flour industry from all taxes amid outbreak of the novel coronavirus pandemic in the province.
Published 06 Apr, 2020 12:00am

Media briefed on Faisalabad's coronavirus situation

Provincial Minister for Public Prosecution / Focal Person Anti-corona Measures Ch. Zaheeruddin briefed the media at the Commissioner's Office on the situation of coronavirus in the district.
Published 06 Apr, 2020 12:00am

Mobile Covid-19 test service launched in Khyber district

District administration, Khyber on Sunday launched mobile testing services of the possible suspected people of COVID 19, aiming at to contain spread of the novel coronavirus pandemic in remotes areas.
Published 06 Apr, 2020 12:00am

Sugar, flour crises: ANP demands action against 'culprits'

ANP's president, Asfandyar Wali Khan has said that if the government is really interested in indiscriminate accountability then it should take stern action in light of report on sugar and flour crisis in the country.
Published 06 Apr, 2020 12:00am

Business & Economy
Traders' alliance announces to open all markets in Sindh from 14th

Sindh Traders Alliance on Sunday announced to open all markets across the province from April 14.
Published 06 Apr, 2020 12:00am

Majority of corona patients in Punjab carry mild symptoms: Dr Yasmin

Punjab Health Minister Dr. Yasmin Rashid Sunday said that in Punjab, the number of critical corona patients were not higher as the maximum corona patients carried mild symptoms of novel virus. She said that Pakistan would not go through the drastic chaos
Published 06 Apr, 2020 12:00am

Insaf Imdad Package: PM enhances amount of financial aid to Rs 12,000

In the wake of growing coronavirus pandemic and deteriorating financial condition of people, Prime Minister Imran Khan has granted approval to enhance financial assistance amount from Rs 4,000 to Rs 12,000 for Punjab government's "Insaf Imdad Package" in
Published 06 Apr, 2020 12:00am

Cotton & Textile
Government offered Rs 100bn package to support industrial sector: Dawood

Adviser to Prime Minister for Commerce and Textile, Abdul Razak Dawood has said that the government had offered up to Rs100 billion packages to the industrial sector as a support following current challenging situation, created due to COVID- 19 pandemic.
Published 06 Apr, 2020 12:00am

Fire kills one at Moscow virus hospital construction site

One person died when a fire tore through workers' tents at the construction site of a new hospital for coronavirus patients outside Moscow, officials said on Sunday.
Published 06 Apr, 2020 12:00am

Brazilians don't want Bolsonaro to resign

Most Brazilians are against President Jair Bolsonaro's potential resignation despite mounting criticism toward his handling of the coronavirus outbreak, according to a poll published by local newspaper Folha de S.Paulo on Sunday.
Published 06 Apr, 2020 12:00am

Israel detains Palestinian governor of Jerusalem again

Israel detained the Palestinian governor of Jerusalem on Sunday over "illegal" activities, in at least the seventh time Adnan Ghaith has been arrested in less than 18 months. "Adnan Ghaith was detained this morning for Palestinian activity in Jerusalem, w
Published 06 Apr, 2020 12:00am

Iran to restart 'low-risk' economic activities soon

Iran said Sunday it will allow "low-risk" economic activities to resume from April 11 as its daily coronavirus infection rates slowed for a fifth straight day.
Published 06 Apr, 2020 12:00am

Radiation spike as forest fire hits Chernobyl N-zone

Ukrainian authorities on Sunday reported a spike in radiation levels in the restricted zone around Chernobyl, scene of the world's worst nuclear accident, caused by a forest fire.
Published 06 Apr, 2020 12:00am

At least 19 killed in Mexico gang clash

A gang battle in Mexico has left at least 19 people dead in the northern state of Chihuahua, officials said Saturday.
Published 06 Apr, 2020 12:00am

Pope livestreams Palm Sunday mass due to virus 'tragedy'

Pope Francis called for courage in the face of the coronavirus pandemic as he delivered Palm Sunday mass by livestream instead of before Saint Peter's Square crowds.
Published 06 Apr, 2020 12:00am

US coronavirus supply spree sparks outrage among allies

From Europe to South America, US allies are complaining about the superpower's "Wild West" tactics in outbidding or blocking shipments to buyers who have already signed deals for vital medical supplies.
Published 06 Apr, 2020 12:00am

Ex-head of Libya's anti-Qadhafi revolt dies of coronavirus

Mahmud Jibril, the former head of the Libyan rebel government that overthrew dictator Muammar Qadhafi in 2011, died Sunday of the coronavirus, his party said.
Published 06 Apr, 2020 12:00am

Elton John launches fund for HIV/AIDS work

Elton John has launched a $1 million emergency fund to help organisations working with people living with HIV or AIDS so they are not "left behind" during the coronavirus crisis.
Published 06 Apr, 2020 12:00am

Pentagon chief defends firing of navy captain who voiced virus concern

US Defense Secretary Mark Esper on Sunday defended the firing of a naval commander whose plea for help for a coronavirus-affected crew angered his superiors but drew widespread public support.
Published 06 Apr, 2020 12:00am

Eleven dead, four wounded in Colombian coal mine blast

Eleven people were killed and four injured in an accidental explosion at a Colombian coal mine in Cucunuba, near Bogota, on Saturday, according to the local fire department.
Published 06 Apr, 2020 12:00am

Ecuador stores coronavirus victims in giant fridges as morgues fill up

Ecuador's government has begun storing the bodies of victims of the coronavirus in giant refrigerated containers as hundreds of deaths in the city of Guayaquil, the center of the country's outbreak, have already filled morgues and hospitals.
Published 06 Apr, 2020 12:00am

Global Business Economy
China says it has sold nearly four billion masks abroad

China has sold nearly four billion masks to foreign countries since March, officials said Sunday, as they tried to stem widespread fears over the quality of medical exports.
Published 06 Apr, 2020 12:00am

Money & Banking
Ackman's hedge funds make money this year as hedges help

Billionaire investor William Ackman, who hedged his Pershing Square Capital management portfolio weeks ago to guard against coronavirus-inspired panic selling, told investors his private hedge fund is making money this year, an investor said on Wednesday.
Published 06 Apr, 2020 12:00am

Global Business Economy
Coronavirus volatility sees Luxembourg tighten fund redemption scrutiny

Luxembourg, the European Union's largest investment hub has tightened its disclosure rules in the face of market volatility caused by the coronavirus and asked funds to disclose whenever client demand to exit exceeds 10% of total assets.
Published 06 Apr, 2020 12:00am

Money & Banking
Australia pumps in liquidity, buys bonds

Australia's central bank injected A$6.9 billion ($4.1 billion) into the financial system on Tuesday and bought A$4 billion in bonds as economists predicted a spike in unemployment and the worst recession in the country's history due to the coronavirus.
Published 06 Apr, 2020 12:00am

Money & Banking
Most Gulf markets retreat on economic toll from virus

Most Middle Eastern stock markets ended lower on Sunday, with Dubai leading the losses, on mounting fears of a deep recession due to the coronavirus pandemic.
Published 06 Apr, 2020 12:00am

Money & Banking
China Bond Connect sees record trade

Offshore investors traded record volumes of bonds through China's Bond Connect programme in March amid a coronavirus outbreak that continued to paralyse the country's economy, and as its spread prompted a flight to safety in global markets.
Published 06 Apr, 2020 12:00am

Money & Banking
China interbank market to expedite debt sales

China's interbank market regulator plans to ease short-term financing rules and allow more companies to simplify their bond sales procedures, three people with knowledge of the matter told Reuters.
Published 06 Apr, 2020 12:00am

Stocks
FTSE Russell to strip Argentina stocks of frontier market status

Argentina will be dropped from the FTSE Russell's frontier market index from September unless it eases capital controls, the index provider said on Wednesday during its interim review of global equity markets.
Published 06 Apr, 2020 12:00am

Stocks
Bears restrained for now but outflows, lockdowns pose hurdles for Asian FX

Investors trimmed short positions on most Asian currencies as massive stimulus measures to ease the economic pain of the coronavirus outbreak offered a degree of support, but strict lockdowns and a sustained flight out of regional assets continued to exer
Published 06 Apr, 2020 12:00am

Stocks
Best of the worst: Some US bond funds escape full trauma of energy meltdown

A handful of US bond funds with heavy exposure to energy debt managed to beat their benchmark in March by avoiding the most calamitous corners of an industry waylaid by a crash in prices that dragged crude to 18-year lows.
Published 06 Apr, 2020 12:00am

Stocks
Fund investors retreat from US stocks, bonds

Fund investors retreated from nearly all US asset classes last week, pulling the largest amount of net assets from mutual funds and exchange-traded funds that hold US equities since February 2018 and withdrawing more than $100 billion from bond funds over
Published 06 Apr, 2020 12:00am

Stocks
Wall Street week ahead

Investors are parsing a broad range of signals, from infection counts to more traditional indicators, for clues on the trajectory markets may take in coming weeks as the pandemic caused by the novel coronavirus continues to spread.
Published 06 Apr, 2020 12:00am

Energy
Yemen's warring parties accuse each other of attacking pipeline

Yemen's warring factions have accused each other of attacking an oil pipeline pumping station in the central province of Marib, where clashes have raged for weeks and displaced tens of thousands of civilians.
Published 06 Apr, 2020 12:00am

Spain's PM in plea for 'coronabonds' crisis funding

Spanish Prime Minister Pedro Sanchez urged the EU Sunday to issue "coronabonds," controversial pooled debt instruments to help the bloc's hardest hit countries fund their battle against the devastating economic impact of the pandemic.
Published 06 Apr, 2020 12:00am

Global Business Economy
Czech unemployment held at 3pc in March, wider trend seen in April

Czech unemployment held at 3% in March despite measures to curb the spread of coronavirus and showed no variations from normal in early April, but only the full month will show the trend, Labour and Social Affairs Minister Jana Malacova said on Sunday.
Published 06 Apr, 2020 12:00am

Commodities
Egypt may change wheat buying terms ahead of anticipated purchase

Egypt, the world's largest wheat importer, is considering changes to the way it buys the grain ahead of an anticipated purchase to boost strategic reserves, aiming to reduce trade risks arising from any possible export curbs by suppliers.
Published 06 Apr, 2020 12:00am

Energy
Africa could lose 20m jobs due to pandemic

About 20 million jobs are at risk in Africa as the continent's economies are projected to shrink this year due to the impact of the coronavirus pandemic, according an African Union (AU) study.
Published 06 Apr, 2020 12:00am

Commodities
Swiss gold refiners to resume work, easing supply constraints

Three of the world's biggest gold refineries said they will partially reopen after a two week closure that disrupted global supply of the metal.
Published 06 Apr, 2020 12:00am

Money & Banking
Canada's Big Six banks cut credit card interest rates

Canada's Big Six banks all said they will reduce interest rates on credit cards to provide relief to customers affected by COVID-19 pandemic.
Published 06 Apr, 2020 12:00am

Energy
Saudi non-oil private sector hits decade-low on coronavirus

Saudi Arabia's non-oil private sector shrank in March at its fastest rate on record as emergency measures to contain the coronavirus outbreak dealt a heavy blow to business, a survey showed on Sunday.
Published 06 Apr, 2020 12:00am

Energy
Saudi Arabia delays May crude prices until after OPEC+ meeting

Saudi Arabia will delay the release of its crude official selling prices (OSP) for May until April 10 to wait for the outcome of a meeting between OPEC and its allies regarding possible output cuts, a senior Saudi source familiar with the matter said on S
Published 06 Apr, 2020 12:00am

Aaj TV - Monday's schedule

All timings are in PST (Pakistan Standard Time).

Published 06 Apr, 2020 12:00am

The Weather

The weather report on Sunday (April 5, 2020) and the forecast for Monday (April 6, 2020).

Published 06 Apr, 2020 12:00am

Returns on Profit and Loss Sharing Investment Bank Accounts (July to December 2019)

Comparative table of returns being given banks on their Profit and Loss Sharing Investment Accounts and Term Deposits.

Published 06 Apr, 2020 12:00am

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (March 30 to April 3, 2020).

Published 06 Apr, 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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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

Gold price per tola jumps Rs2,500 in Pakistan

WPPs worried about continuous power curtailment

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

Prices of petrol, diesel likely to be slashed

Sazgar Engineering Works Limited

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’

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

Operations: KAPCO reluctant to opt for CTBCM

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