News Archives for Print - 2020-04-15

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Print - 2020-04-15

Money & Banking

THE RUPEE: Mixed trend continues

The rupee showed mixed trend against the dollar in the currency market on Tuesday.

Published 15 Apr, 2020 12:00am

Stocks

KSE-100 Index advances: BRIndex100 edges up

After moving both ways, Pakistan Stock Exchange Tuesday ended on a positive note on the back of local investors' and institutional support.

Published 15 Apr, 2020 12:00am

SBP for further structural reforms for sustainable growth

The State Bank of Pakistan (SBP) has emphasized for further structural reforms to ensure that the stabilization measures lead to a sustainable growth path for the country.

Updated 15 Apr, 2020 05:28pm

Curbs eased for certain industries

Prime Minister Imran Khan Tuesday announced that the construction industry had been allowed to operate with immediate opening of basic things for the industry in the first phase however, lockdown of public places would remain for the next two weeks.

Published 15 Apr, 2020 12:00am

IPPs' issue: Flawed govt approach?

The government is reportedly divided in two camps on level of engagement with the Independent Power Producers (IPPs) to bring down capacity payment and subsequently reduce tariff.

Published 15 Apr, 2020 12:00am

Top creditors to suspend poorest countries' debt payments: France

Major international creditors have agreed to suspend debt payments owed by the poorest countries this year, throwing a financial lifeline to help cope with the coronavirus crisis, France's finance minister said on Tuesday. Some 76 countries, of which 40 a

Updated 15 Apr, 2020 05:28pm

Pandemic could get worse: IMF

The coronavirus pandemic is pushing the global economy into its deepest recession in a century, cutting world output by three percent this year, the International Monetary Fund said Tuesday.

Updated 15 Apr, 2020 05:28pm

IMF projects sharp decline in growth

The International Monetary Fund (IMF) has projected a sharp decline in the GDP growth rate for Pakistan from 3.3 percent in 2019 to -1.5 percent in 2020, and projected rise in unemployment from 4.1 percent in 2019 to 4.5 percent in 2020, and further rise

Published 15 Apr, 2020 12:00am

Ulema argue lockdown not applicable to mosques, congregational prayers

A meeting of ulema and religious scholars from across the country on Tuesday said congregational prayers for the five daily prayers and the Friday prayers would be held in mosques from now, adding however that precautionary measures advised by the governm

Published 15 Apr, 2020 12:00am

SC praises Punjab government, questions Sindh govt's steps

The Supreme Court Tuesday lauded the steps taken by the Punjab government, but questioned the measures adopted by the Sindh government to control the spread of the coronavirus pandemic.

Published 15 Apr, 2020 12:00am

CROs to stay closed: SECP stops inspection of cos' record

The Securities and Exchange Commission of Pakistan (SECP) has stopped inspection of documents/record of companies and announced continuation of closure of its Company Registration Offices (CROs) across Pakistan.

Published 15 Apr, 2020 12:00am

Trump airs video slammed as propaganda at virus briefing

President Donald Trump startled White House reporters on Monday by airing a video at his daily coronavirus briefing that sounded like a campaign re-election advert.

Published 15 Apr, 2020 12:00am

Kamyab Jawan Programme: PM decides to enhance lending limit to Rs25m

Prime Minister Imran Khan Tuesday decided to further provide greater entrepreneurship opportunities to the country's youth by enhancing the loan limits under the Kamyab Jawan programme from the current limit of Rs5 million to Rs25 million.

Updated 15 Apr, 2020 05:28pm

Interest on loans, returns, energy bills: Textile industry seeks relief for a quarter

The country's textile industry has sought extension in payment of interest on loans/advances, date for sales tax returns and deferment of energy bills for March and April for at least one quarter.

Published 15 Apr, 2020 12:00am

Restoration of CCP chairperson, members: IHC reserves verdict on govt's intra-court appeal

The Islamabad High Court (IHC) on Tuesday reserved its verdict on an intra-court appeal of the federation against the restoration of chairperson Competition Commission of Pakistan (CCP) Vadiyya Khalil and two other members.

Updated 15 Apr, 2020 05:29pm

Ministry accused of presenting inaccurate data of wheat stock?

One of Prime Minister's top aides has reportedly accused Ministry of National Food Security and Research of presenting incorrect data of wheat stock and releases to the flour mills.

Updated 15 Apr, 2020 05:29pm

Khalilzad, Gen Miller meet COAS

After holding discussions with Taliban leadership in Doha, the US Special Representative for Afghanistan Reconciliation, Zalmay Khalilzad, and Resolute Support Mission Commander General Austin Scott Miller arrived here on Tuesday, and held talks with Chie

Published 15 Apr, 2020 12:00am

Letters

Brent crude oil prices

On Monday, oil prices edged higher after output cut but demand worries weigh. It is said to be in response to a global deal on record output cuts amid concerns over whether the pact will head off an oil glut as the coronavirus pandemic hammers demand. But

Published 15 Apr, 2020 12:00am

Articles

The real pandemic - fake news

As the COVID-19 pandemic rages, lets inject a dose of reality into it. So far, only 1 lakh deaths. Last year, there were 1.5 million deaths in the USA through automobile accidents alone. Worldwide, 3 million traffic-related deaths. Opioids (in various for

Published 15 Apr, 2020 12:00am

Articles

Flawed power sector strategy

The government is focusing on wrong policy initiatives due to which the circular debt is ever increasing. In fact the recoveries of past years have been shown as increased collection when the regulator adjusted and allowed prior year adjustments in the di

Published 15 Apr, 2020 12:00am

Articles

Costliest war, ever

The Covid-19 has proved to be a great leveler. The pandemic does not discriminate between the rich and the poor, mighty and the weak, left and right, between religious and ethnic divides, between the erudite and the ignorant and; it is totally blind to th

Published 15 Apr, 2020 12:00am

Ehsaas for the poor

When it comes to helping less fortunate members of society Pakistanis are one of most charitable people in the world. But there is no shortage of cheaters. The first phase of the Ehsaas Emergency Cash Programme for the disbursement of Rs 12,000 to daily w

Updated 17 Apr, 2020 05:35am

Budget 2020-21: preparations

Preparation for budget 2020-21 has been ongoing for months and though, disturbingly, the medium-term budget strategy paper 2020 approved by the cabinet on 18 March failed to take account of the tremendous challenges facing the global economy in the backdr

Updated 17 Apr, 2020 05:35am

Social distancing is the new normal

It is time to reimagine the world and imagine a new normal. It is not the same world today as I am writing this piece and would not remain the same world as we move ahead. We can either be'deniers', followers or leaders. Does not matter how big, small, p

Published 15 Apr, 2020 12:00am

Brief Recordings

Gatron Industries Limited

Gatron Industries Limited (PSX: GATI) was established as a public limited company in 1980. It produces Polyester Filament Yarn, Pet Forms, and can also produce PET Bottle Grade Chips. It also produces Polyester Polymer/Chips which it uses to produce Polye

Updated 15 Apr, 2020 05:10am

Cotton & Textile

APTMA urges govt to extend last date of payment of gas bills

The All Pakistan Textile Mills Association (APTMA) has urged the federal government to extend the last date of payment of gas bills.

Published 15 Apr, 2020 12:00am

Virtual session of NA: Speaker constitutes 9-member committee

National Assembly Speaker Asad Qaiser has constituted nine-member committee on conducting virtual session of the National Assembly during the prevalence of the coronavirus pandemic in the country.

Published 15 Apr, 2020 12:00am

Quarantine services: Hotels & Motels Association urges govt to increase rates

The representatives of Hotels and Motels Association have urged the government to increase rates for the quarantine services.

Published 15 Apr, 2020 12:00am

Ehsaas Programme: Retailers depriving needy of part of cash grant

The reports of foul play involving several retailers who deprived scores of eligible women of part of their cash assistance under the Ehsaas Emergency Cash Programme is compromising the transparency in "Pakistan's largest social welfare initiative" - so a

Published 15 Apr, 2020 12:00am

Governor reviews Covid-19 situation in Thatta

Sindh Governor Imran Ismail on Tuesday reached Thatta on a day-long visit to review the situation arising out of coronavirus pandemic. As per details, Sindh Governor Imran Ismail reviewed the lockdown situation, while he also visited the quarantine centre

Published 15 Apr, 2020 12:00am

Covid-19 crisis: Kasuri family, MAK Welfare Trust donate Rs 60 million

The Kasuri family and the Mahmud Ali Kasuri (MAK) Welfare Trust have pledged a combined Rs 60 million towards the Covid-19 crisis engulfing the country.

Published 15 Apr, 2020 12:00am

KP surpasses coronavirus testing capacity

KP Minister for Health Taimur Saleem Jhagra has said that the provincial government has for the first time surpassed the coronavirus testing capacity of 500 at Khyber Medical University lab.

Published 15 Apr, 2020 12:00am

Business & Economy

CDA takes possession of further land of Park Enclave-II

The Capital Development Authority (CDA) has taken over possession of further 140 kanal land of Park Enclave-II on Tuesday.

Published 15 Apr, 2020 12:00am

CJP, family members test negative

Chief Justice of Pakistan Gulzar Ahmed, his family members and secretary were tested negative for the coronavirus.

Published 15 Apr, 2020 12:00am

Money & Banking

2nd quarterly report released: Reforms needed to be prioritised to attract, sustain FDI inflows: SBP

Reforms are needed to be prioritized to attract and sustain higher Foreign Direct Investment (FDI) inflows into the country, according to State Bank of Pakistan (SBP) second quarterly report on the state of economy, released on Tuesday.

Updated 15 Apr, 2020 01:23am

Operational SOPs for int'l private flights approved till 19th

The federal government has approved the operational SOPs for international private flights to Pakistan for 14th to 19th April, 2020.

Published 15 Apr, 2020 12:00am

Covid-19 spread feared as implementation of SOPs fails in twin cities

The district administrations of the twin cities of Rawalpindi and Islamabad have failed to ensure implementation of standard operating procedures (SOPs) devised for controlling the spread of the Covid-19 at grocery stores, pharmacies and fruit and vegetab

Published 15 Apr, 2020 12:00am

Energy

Engro donates Rs 50 million to Sindh Govt Corona Emergency Fund

Engro Energy Limited has donated PKR 50 million to the Government of Sindh Corona Emergency Fund.

Published 15 Apr, 2020 12:00am

Four more Covid-19 patients die in 24 hours: Murad

Sindh Chief Minister Syed Murad Ali Shah said on Tuesday that 63 new cases of coronavirus were detected and four patients died during the last 24 hours.

Published 15 Apr, 2020 12:00am

Money & Banking

Bank AL Habib declares 35 percent cash dividend

The Annual General Meeting of Bank AL Habib Limited was held on Tuesday. The shareholders approved the annual accounts for the year ended December 31, 2019. The payment of 35 percent cash dividend (Final) was also approved. Deposits of the Bank as on Dece

Published 15 Apr, 2020 12:00am

Telecommunication

TECNO mobile extend warranties on smartphones

In the wake of coronavirus lockdown, TECNO mobile has announced to extend the smartphone warranty for an additional two months not only in Pakistan but in more than 15 countries globally. As the world is grappling with economic recession and COVID-19 emer

Published 15 Apr, 2020 12:00am

Business & Economy

All sectors should be bailed out: PBIF chief

President Pakistan Businessmen and Intellectuals Forum Mian Zahid Hussain has said giving package to some sectors while leaving others at the mercy of the situation is not good policy as all the sectors are interlinked, and they should be bailed out toget

Published 15 Apr, 2020 12:00am

Smuggled cigarettes, betel nuts recovered

The Directorate General Intelligence and Investigation (DGI&I)- Customs, Karachi Tuesday claimed to have recovered substantial quantity of betel nuts and smuggled cigarettes worth over Rs. 39.02 million from cargo train.

Published 15 Apr, 2020 12:00am

Money & Banking

Covid-19 crisis: SBP urged to evolve separate relief policy for SMEs

State Bank of Pakistan (SBP) has been requested to evolve a separate relief policy for the Small and Medium Enterprises (SMEs) in order enable them to maintain their workforce and survive during ongoing Covid-19 crisis.

Published 15 Apr, 2020 12:00am

Governor opens Punjab Mental Health Helpline at GCU

Punjab Governor and Chancellor GCU Chaudhry Muhammad Sarwar on Tuesday inaugurated the Punjab Mental Health Helpline which would provide online counseling to people suffering from depression, anxiety or other mental health issues across Pakistan due to Co

Published 15 Apr, 2020 12:00am

ML-I project: Railways should evaluate impact of huge Chinese loan: PC

The Planning Commission of Pakistan has emphasized that before granting approval to ML-I project under the China-Pakistan Economic Corridor (CPEC), Pakistan Railways should evaluate the impact of the huge Chinese loan for it on country's foreign debt.

Published 15 Apr, 2020 12:00am

Hand sanitizers: PSMA wants production control given under PSQCA domain

Pakistan Soap Manufacturers Association (PSMA) has urged the federal government that production of hand sanitizers should also be given under the domain of Pakistan Standard Quality Control Authority (PSQCA) instead of Drug Regulatory Authority of Pakista

Published 15 Apr, 2020 12:00am

Global Business Economy

Renault shifts to all-electric cars for China

French automaker Renault said Tuesday that it would start building only electric vehicles for China's huge passenger car market, dropping conventional internal combustion engines as well as its joint venture with local manufacturer Dongfeng.

Published 15 Apr, 2020 12:00am

Money & Banking

South Africa rules out IMF programme

South African Finance Minister Tito Mboweni ruled out an IMF adjustment programme on Tuesday and said the country didn't need budget support, despite acknowledging that there would be a deep recession this year because of the global COVID-19 pandemic.

Published 15 Apr, 2020 12:00am

Global Business Economy

Australian unemployment rate to double

Australia's unemployment rate is expected to soar from 5.1 percent to 10 percent in the June quarter as the coronavirus fallout hits the economy, according to Treasury figures released Tuesday.

Published 15 Apr, 2020 12:00am

Global Business Economy

JPMorgan, Wells Fargo profits plunge

Earnings plunged at JPMorgan Chase and Wells Fargo Tuesday as both US banking giants set aside billions of dollars to cover loans vulnerable to the economic devastation from coronavirus shutdowns.

Published 15 Apr, 2020 12:00am

Global Business Economy

US import prices post biggest decline in over five years; more to come

US import prices dropped by the most in more than five years in March amid declines in the costs of petroleum products and a range of other goods, pointing to import deflation that could deepen amid the coronavirus pandemic.

Published 15 Apr, 2020 12:00am

Global Business Economy

China's trade slump eases, but pandemic to deepen export downturn

The plunge in China's exports and imports eased in March as factories resumed production, but shipments are set to shrink sharply over coming months as the coronavirus crisis shuts down many economies and puts the brakes on a near-term recovery.

Published 15 Apr, 2020 12:00am

Journalist Gautam Navlakha tells CPJ he fears imprisonment

Indian authorities should stop pursuing the arrest of journalist Gautam Navlakha, and should cease holding journalists in jail during the COVID-19 pandemic, the Committee to Protect Journalists said on April 9.

Published 15 Apr, 2020 12:00am

As virus bites, ASEAN leaders make vow on food and medicine supply

Southeast Asian leaders pledged to keep trade routes open to protect food supplies and stockpile medical equipment at a summit held online Tuesday, as they warned of the crippling economic cost of the coronavirus.

Published 15 Apr, 2020 12:00am

India extends world's biggest virus lockdown

India's nationwide coronavirus lockdown, the biggest in the world covering 1.3 billion people, will be extended until May 3, Prime Minister Narendra Modi said Tuesday.

Published 15 Apr, 2020 12:00am

China approves trials for two more coronavirus vaccines

China has approved clinical trials for two more experimental vaccines to combat the novel coronavirus, officials said Tuesday, as the world's scientists race to beat the pandemic.

Published 15 Apr, 2020 12:00am

Algerian author wins top Arab fiction prize for 'Spartan Court'

Algerian author Abdelouahab Aissaoui on Tuesday won a prestigious prize for Arabic fiction with his novel "The Spartan Court".

Published 15 Apr, 2020 12:00am

North Korea fires multiple suspected cruise missiles

North Korea fired several suspected cruise missiles Tuesday towards the sea, according to the South's military, with analysts saying Pyongyang was demonstrating the breadth of its arsenal.

Published 15 Apr, 2020 12:00am

New York City to manufacture thousands of virus test kits

New York will start making tens of thousands of coronavirus test kits a week, its mayor announced Tuesday, as the city looks to boost testing capacity with a view to ending its shutdown.

Published 15 Apr, 2020 12:00am

US seeks to 'fundamentally change' WHO: Pompeo

The United States is seeking to "fundamentally change" the World Health Organization amid threats to withhold contributions in the midst of the coronavirus pandemic, Secretary of State Mike Pompeo said Tuesday.

Published 15 Apr, 2020 12:00am

Taxes

Covid-19 outbreak: Taxmen asked to use only email, fax for communication

In view of the prevailing coronavirus outbreak, the Federal Board of Revenue (FBR) has directed field formations to use only email and fax as means of communication with the tax authorities.

Published 15 Apr, 2020 12:00am

Taxes

FBR directed to ensure speedy payment of duty drawback claims, rebate

Abdul Razak Dawood, advisor to the prime minister on commerce has directed the Federal Board of Revenue (FBR) to ensure speedy payment of pending duty drawback claims and rebate to the exporters.

Published 15 Apr, 2020 12:00am

Stocks

IPP body for shifting from US$ to PKR-based tariff

The IPPs committee headed by former Chairman SECP, Muhammad Ali has recommended the government to shift from US dollar to PKR based-tariff and do away with take or pay arrangements with the IPPs.

Published 15 Apr, 2020 12:00am

Erstwhile tribal areas' students: IHC seeks written report on online classes

The Islamabad High Court (IHC) on Tuesday ordered the Ministry of Information Technology to submit written report in a case seeking provision of 3G and 4G internet service in erstwhile tribal areas for students' online classes.

Published 15 Apr, 2020 12:00am

Articles

Partly Facetious : Food is very important medicine

"I am so very, very, very tired...."

Published 15 Apr, 2020 12:00am

Commodities

Dry weather adds to risks for Russia's grain crop

Dry spring weather with little rain expected in the next two weeks is starting to raise concerns about this year's grain harvest among Russian farmers and analysts.

Published 15 Apr, 2020 12:00am

Commodities

China's iron ore futures hit four-week high

Benchmark iron ore futures in China closed at a four-week high on Tuesday, as lower shipments from big miners in Australia and Brazil stoked concerns over the steelmaking ingredient's supply amid resilient demand in the country.

Published 15 Apr, 2020 12:00am

Energy

Asia's gasoline crack hits another new low

Asia's gasoline crack hit yet another new low on Tuesday at a discount of $13.15 a barrel to Brent crude as demand for petrol remained dented by restrictions on people movements to curb the spread of the coronavirus.

Published 15 Apr, 2020 12:00am

Commodities

CBOT soyabean futures sink

Chicago Board of Trade soyabean futures dropped on Monday as concerns about livestock feed demand dragged down soyameal futures prices, traders said.

Published 15 Apr, 2020 12:00am

PMEX daily trading report

On Monday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,702.

Published 15 Apr, 2020 12:00am

Energy

US natural gas futures ease on milder weather

US natural gas futures eased on Monday as forecasts for milder weather and less heating demand over the next two weeks than previously expected offset data showing output was slowing.

Published 15 Apr, 2020 12:00am

Energy

China's March crude oil imports rise

China's crude oil imports in March rose 4.5% from a year earlier, according to official customs data, as refiners stocked up on cheaper cargoes despite falling domestic fuel demand and cuts in refining rates caused by the COVID-19 disease outbreak.

Published 15 Apr, 2020 12:00am

Business & Economy

Activities of Karachi Port

The Karachi Port handled 29,893 tonnes of cargo comprising 21,303 tonnes of import cargo and 8,590 tonnes of export cargo including 1,738 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday.

Published 15 Apr, 2020 12:00am

Cotton & Textile

Growers busy in cotton sowing

As the cotton growers were busy in cotton sowing in the country, government should give incentives to the ginners in these difficult times when there was no business in the market due to the Covid 19 locked down. Market sources told Business Recorder <

Published 15 Apr, 2020 12:00am

Commodities
Canadian canola futures fall

ICE Canadian canola futures fell on Monday, caught up in broad sell-off in global vegetable oil markets, traders said.
Published 15 Apr, 2020 12:00am

Commodities
CBOT wheat futures fall on strong global crop prospects

Chicago Board of Trade wheat futures fell slightly Monday, as strong global crop prospects outweighed a cold snap in the southern US Great Plains that could trim production, traders said.
Published 15 Apr, 2020 12:00am

Stocks
Gulf indexes end higher

Major Gulf bourses rebounded on Tuesday on hopes the coronavirus pandemic was nearing a peak and governments were taking more stringent measures to contain the outbreak.
Published 15 Apr, 2020 12:00am

Stocks
Chinese shares climb

China shares rose on Tuesday after the country released trade data that showed a smaller-than-expected contraction from a year earlier, giving investors hope for an economic recovery despite the continued global spread of the novel coronavirus.
Published 15 Apr, 2020 12:00am

Stocks
UK stocks underperform Europe as virus woes persist

UK equities sat out a global stock market surge on Tuesday, as declines in oil majors and British American Tobacco added to gloom following signs that Britain will remain under lockdown for a longer period.
Published 15 Apr, 2020 12:00am

Stocks
Tuesday's early trade: Wall Street jumps

Wall Street jumped on Tuesday as hopes that President Donald Trump could move to ease coronavirus-induced lockdowns overshadowed dismal quarterly earnings reports from JPMorgan and Wells Fargo.
Published 15 Apr, 2020 12:00am

Stocks
Dow, S&P slide; Nasdaq gains

The Dow and S&P 500 fell on Monday as US companies prepared to kick off a quarterly earnings season expected to be rough due to the coronavirus pandemic, while Amazon.com gains helped the Nasdaq end higher.
Published 15 Apr, 2020 12:00am

Stocks
SE Asian stocks rise

Southeast Asian stock markets rose on Tuesday on better-than-expected trade data from China and signs of the coronavirus outbreak peaking in certain hotspots.
Published 15 Apr, 2020 12:00am

Stocks
European shares rise

European shares ended higher on Tuesday, as better-than-expected data from China added to signs that sweeping lockdowns to contain the spread of the coronavirus were working.
Published 15 Apr, 2020 12:00am

Money & Banking
Asian forex: Rupiah gains among other units

The Indonesian rupiah weighed on the broader gains among Asian currencies on Tuesday ahead of a policy decision, which is likely to be a tight-rope walk between shielding the economy from the coronavirus and managing currency volatility.
Published 15 Apr, 2020 12:00am

Money & Banking
Sterling rises to one-month highs

Sterling rose to one-month highs versus the dollar and euro on Tuesday, as signs that lockdown measures may be slowing the spread of the novel coronavirus strengthened currencies seen as riskier bets.
Published 15 Apr, 2020 12:00am

Money & Banking
Early trade in New York: dollar falls as risk appetite returns to market

The dollar fell on Tuesday as risk sentiment returned to market following better-than-expected economic data from China which painted a less gloomy picture than feared following the coronavirus epidemic there.
Published 15 Apr, 2020 12:00am

Money & Banking
Dollar slips broadly in Europe as Chinese data improves

The dollar fell on Tuesday after better-than-expected economic data from China which painted a less gloomy picture than feared following the coronavirus epidemic there and gave a boost to sterling and the Australian dollar.
Published 15 Apr, 2020 12:00am

PEC supports govt's decision of 20 percent concession in schools' fees

The Pakistan Education Council (PEC), Sindh has announced that keeping in view the current difficult situation in the country, it supports the Government of Sindh in granting 20% concession to parents whose children attend private schools across the board
Published 15 Apr, 2020 12:00am

Business & Economy
'Ceasing' activities termed ban on seafood export

Seafood exporters on Tuesday termed the Sindh government's 'ceasing' of all fishing related activities at the fish harbour as 'ban' on fisheries export, fearing the move will yield financial losses to the processing units.
Published 15 Apr, 2020 12:00am

PM phones Merkel, discusses debt relief initiative

Following up on his call for a 'Global Initiative on Debt Relief', Prime Minister Imran Khan, today, held a telephonic conversation with German Chancellor Angela Merkel.
Published 15 Apr, 2020 12:00am

Report on PMDC's functioning submitted to IHC

The registrar Pakistan Medical and Dental Council (PMDC) on Tuesday submitted a report to the Islamabad High Court (IHC) in compliance with the court orders pertaining to the functioning of the council.
Published 15 Apr, 2020 12:00am

Commodities
Steel merchants call for tax relief

The All Iron Steel Merchants Association (AISMA) has called for tax relief measures to safeguard the interests of the business community in the wake of the coronavirus pandemic.
Published 15 Apr, 2020 12:00am

Stocks
Boards, CEOs and CROs: SECP unveils guidelines for performance evaluation

The Securities and Exchange Commission of Pakistan (SECP) Tuesday issued basic guidelines for performance evaluation of board of directors, chief executive officers and chief regulatory officers of companies.
Published 15 Apr, 2020 12:00am

Cotton & Textile
Textile sector wants govt to allow 'whole supply of chain' operations

The All Pakistan Textile Mills Association, Pakistan Ready Made Garments Association and All Pakistan Textile Processing Mills Association said on Tuesday that completion of export orders would not be possible unless the government allows the whole supply
Published 15 Apr, 2020 12:00am

Buzdar inspects health facilities, aid distribution centres

Chief Minister Punjab Sardar Usman Buzdar inspected field hospitals and centres set up for financial aid distribution under 'Ehsaas Kafalat Programme' during his speedy visits of Mandi Bahauddin, Gujar Khan and Rawalpindi on Tuesday.
Published 15 Apr, 2020 12:00am

Aleem Khan gets food ministry in Punjab

Punjab Chief Minister Sardar Usman Buzdar on Monday allotted the portfolio of food department to Abdul Aleem Khan, who was re-inducted in the provincial cabinet. Besides he has also been designated as senior minister of the provincial cabinet, says a noti
Published 15 Apr, 2020 12:00am

Business & Economy
Punjab government to provide relief to industrial labourers losing jobs

The Punjab government has decided to provide relief to the industrial labourers rendered jobless due to lockdown and has directed its officers to prepare list of such people.
Published 15 Apr, 2020 12:00am

Money & Banking
Coronavirus spread: Insurance companies relax premium payments

To meet the challenge of managing businesses amidst the coronavirus spread, leading insurance companies have started providing relaxation in premium contribution/payment. Also, some of them are offering added benefits on account of COVID-19 against the ac
Published 15 Apr, 2020 12:00am

Suggestions on budget: Punjab government sets up online portal

In the wake of COVID-19 pandemic, the Punjab government has set up a designated online portal for the parliamentarians to submit their suggestions and schemes for the provincial budget 2020-21.
Published 15 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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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

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