News Archives for Print - 2020-04-22

Print - 2020-04-22

SMEs & daily wage workers: ECC likely to set aside Rs 200 billion today

The Economic Coordination Committee (ECC) of the Cabinet which is scheduled to meet on Wednesday (today) will approve mechanism to distribute Rs200 billion amongst the small SMEs and daily wage workers.

Published 22 Apr, 2020 02:52am

IT & Computers

Female SAP co-CEO leaves company

Co-chief executive of German software giant SAP, Jennifer Morgan, is stepping down after just six months in the job as the company switches back to a solo boss to steer it through the coronavirus upheaval. Morgan, 48, became the first woman to head a comp

Published 22 Apr, 2020 02:52am

Afghan president negative for virus after palace outbreak

Afghan President Ashraf Ghani has tested negative for the coronavirus, an official said Tuesday, days after news leaked out of an outbreak among his staff. "The President is healthy and is leading government efforts on all fronts. All precautions are in p

Published 22 Apr, 2020 02:52am

Companies and banks: Stimulus packages to give only partial relief: Moody's

Asia has significantly stronger external and fiscal buffers, which provides the region more space as a whole to deliver on policy easing, however, the starting points differ quite a bit with frontier economies such as Mongolia, Pakistan and Sri Lanka on a

Published 22 Apr, 2020 02:52am

NAB decides to probe sugar & wheat scam

The National Accountability Bureau (NAB) on Tuesday decided to launch an investigation of mega sugar and wheat scam. A NAB official said that a decision to this effect was taken in bureau's Executive Board Meeting (EBM) presided over by Chairman NAB forme

Published 22 Apr, 2020 02:52am

Pakistan faces greater challenge of saving poor from dying: PM

Prime Minister Imran Khan Tuesday said unlike the richest countries, including the United States and European states, which had been hectically trying to save their economies from the debilitating effects of coronavirus, his government faced a greater cha

Published 22 Apr, 2020 02:52am

Government assessing impact of G-20 debt relief

Pakistan will decide its future line of action after assessing the amount of debt relief it is eligible for following the G-20 countries' decision to suspend developing countries' debt repayments to cope with the situation arising out of Covid-19 pandemic

Published 22 Apr, 2020 02:52am

Stocks

Oil stocks lead PSX decline: BRIndex100 plummets

Pakistan Stock Exchange Tuesday witnessed a bearish trend due to selling, mainly in oil and gas scrips on declining oil prices in the international market. BRIndex100 lost 124.33 points or 3.59 percent to close at 3,334.46 points. BRIndex100 touched intra

Published 22 Apr, 2020 02:52am

Rs 175 billion refunds paid in July 1-April 15: FBR

The Federal Board of Revenue (FBR) has paid Rs175 billion refunds during (July-April 15) 2019-20 against Rs107 billion paid in the same period of 2018-19, reflecting an increase of 64 percent.

Published 22 Apr, 2020 02:52am

Revised tax target: FBR now relying on Ramazan, Eid buying frenzy

The Federal Board of Revenue (FBR) would be able to achieve the downward revised target of Rs3,908 billion for current fiscal year on the assumption of restoration of economic activity in the coming Ramazan and Eid.

Published 22 Apr, 2020 02:52am

Gwadar port: Import & transit movement of Afghan cargoes allowed

Ministry of Commerce (MoC) has allowed the import and transit movement of Afghan bulk cargoes of wheat, sugar and fertilizers at Gwadar port. According to the official document, the decision was taken on the requests of Federation of Pakistan Chambers of

Published 22 Apr, 2020 02:52am

Government decides to negotiate fixed LNG price

The government has reportedly decided to negotiate fixed price of LNG with M/s Eni and M/s Gunvor at a DES price of up to $4.5/mmbtu after Attorney General for Pakistan opposed termination of contracts, fearing that any such action will lead to hundreds o

Published 22 Apr, 2020 02:52am

Power sector: Government decides to make inquiry report public

Minister for Planning, Development and Special Initiatives Asad Umar on Tuesday said the federal cabinet had decided to make the inquiry report on power sector public.

Published 22 Apr, 2020 02:52am

Swiss business relief scheme attracts international interest

A "unique" Swiss loan programme for companies hit by the coronavirus outbreak is attracting interest from countries including Germany and Britain, the head of Credit Suisse's Swiss business said.

Published 22 Apr, 2020 02:52am

Money & Banking

THE RUPEE: Trend of appreciation continues

Trend of appreciation continued on Tuesday for Pakistan rupee in both interbank and open market.

Published 22 Apr, 2020 02:52am

Faisal Edhi tests positive for coronavirus

The head of one of Pakistan's largest charity groups, the Edhi Foundation, has tested positive for the coronavirus, said a news channel on Tuesday. According to the news channel, Edhi is in Islamabad at the moment and had insisted on being tested since he

Published 22 Apr, 2020 02:52am

Brent oil plunges as growing glut feeds market panic

Brent oil futures prices plunged again on Tuesday as oil market panic extended into a second day with no end in sight to a swelling global crude glut as the coronavirus pandemic has obliterated demand for fuel.

Published 22 Apr, 2020 02:52am

PM to undergo test: Sultan

Prime Minister Imran Khan has agreed to take a coronavirus test in the wake of his meeting with Faisal Edhi, the Edhi Foundation's chairperson, who has been diagnosed with the infection, Aaj News reported. Speaking at a media briefing alongside the prime

Published 22 Apr, 2020 02:52am

Number of flights increased to evacuate citizens from UAE

Pakistan has increased number of flights for evacuating its citizens from the United Arab Emirates (UAE) after the Gulf state threatened to review its labour ties with countries refusing to take back nationals during the COVID-19 pandemic, reliable source

Published 22 Apr, 2020 02:52am

Two additional judges of BHC: JCP recommends extension of services

The Judicial Commission of Pakistan (JCP) recommended to extend the services of two additional judges of the Balochistan High Court (BHC) for one year. The meeting proposed that additional judges - Justice Rozi Khan Barrech and Justice Abdul Hameed Baloch

Published 22 Apr, 2020 02:52am

Virus crisis 'devastating' jobs, output: ILO

The coronavirus pandemic is severely impacting jobs and output around the world, with tourism and car manufacturing particularly hard-hit, the International Labour Organization said Tuesday. "The COVID-19 crisis is having a devastating effect on workers a

Published 22 Apr, 2020 02:52am

Donors-needy nexus: Government launches 'Ehsaas Rashan Portal'

The federal government Tuesday launched 'Ehsaas Rashan Portal' in a bid to facilitate matchmaking between donors and beneficiaries and provide data of eligible beneficiaries to donors.

Published 22 Apr, 2020 02:52am

Clarification

This is apropos a news item titled "JICA provides Rs 784 million to set up 'Business Park' at KFH" on April 19 in Business Recorder, Embassy of Japan in Pakistan has clarified that it needs correction as there is no such fact that "JICA has provided Rs 78

Published 22 Apr, 2020 02:52am

Saudi Arabia bars firms to lay off Pakistani workers for three months

The Saudi government has decided to bar the companies from laying off Pakistani workers for the next three months. The decision to the effect was taken on the request of Special Assistant to the Prime Minister (SAPM) on Overseas Pakistanis and Human Resou

Published 22 Apr, 2020 02:52am

Sindh government has not sought any financial assistance from the Centre: Murad

Sindh Chief Minister Syed Murad Ali Shah said on Tuesday that 289 new cases of the coronavirus had been detected in the province in the last 24 hours while five more patients lost their lives. "We have not made any request to the federal government for fi

Published 22 Apr, 2020 02:52am

SC rejects plea against appointment of advisors & SAs to PM

The Supreme Court rejected a petition against the appointment of the advisors and special assistants to Prime Minister Imran Khan. Registrar Office Supreme Court on Tuesday returned the petition by raising objections.

Published 22 Apr, 2020 02:52am

Trump vows immigration halt

Donald Trump vowed to temporarily ban immigration to the United States to combat the "invisible enemy" of the coronavirus, as the pandemic threatens to push the global economy into freefall. The president's late-night Tweet was scant on details but sugges

Published 22 Apr, 2020 02:52am

IHC suspends notification on promotion of FBR officers

The Islamabad High Court (IHC) on Tuesday suspended a notification for the promotion of 14 officers of Inland Revenue Service of the Federal Board of Revenue (FBR) from grade 20 to grade 21. A division bench of IHC comprising Chief Justice of IHC Justice

Published 22 Apr, 2020 02:52am

Letters

'Healthcare, social security systems needed'

This is apropos a Business Recorder op-ed 'Healthcare, social security systems needed' carried by the newspaper yesterday. The writer, Rashed Rahman, has presented the plight of workers in an effective manner. But he seems to have exaggerated certa

Published 22 Apr, 2020 02:52am

Articles

'Collapsology': Is this the end of civilisation as we know it?

"The world will never be the same again," has been the oft-repeated refrain since the coronavirus brought the global economy to a juddering halt. For many it has shown how fragile our civilisation is.

Published 22 Apr, 2020 02:52am

Articles

IPP enquiry report

The IPP enquiry report has surfaced after equally contentious Wheat and Sugar report. It is a good omen that questions are being asked and the system is not afraid of the powerful. Irrespective of the outcome, the transparency and fearlessness of the GoP

Published 22 Apr, 2020 02:52am

Articles

Bringing state back into public service

All these years it has been the working classes of the world who have been carrying on their fragile shoulders the ever mounting load of opulence of the rich. But the slowdown of the wheels of the national economies following lockdowns of varying degrees

Published 22 Apr, 2020 02:52am

'Smart' Ramazan lockdown

President Arif Alvi seems to have hammered out the most workable solution possible with religious scholars, given the circumstances, for holding congregational and Taraveeh prayers during Ramazan. A lot of people have been wondering about the necessity of

Updated 24 Apr, 2020 07:39am

The IMF and Pakistan

The Resident Representative of the International Monetary Fund (IMF) in Pakistan Teresa Daban Sanchez stated during an online policy dialogue organised by the SDPI that the Fund will remain engaged with the Pakistani authorities 'advising on a good budget

Updated 24 Apr, 2020 07:40am

PTI Karachi demands removal of Sindh's Health Minister

PTI MPA and President PTI Karachi Khurram Sher Zaman said that journalists are frontline soldiers in the war against Coronavirus; they are instrumental in presenting our voice to the public and deserve much appreciation.

Published 22 Apr, 2020 02:52am

Business & Economy

PSX thankful for Chinese exchange partners' assistance

Friendship between Pakistan and China is a shining example of strong and endearing cooperation between these two great nations of Asia. From CPEC to military, economic and financial aid, China has proved to be an all-weather friend for Pakistan which has

Published 22 Apr, 2020 02:52am

Al-Khidmat distributes food, medical goods in Sindh

Al-Khidmat Foundation Sindh has distributed food and medical goods worth Rs 150 million among 150,000 families across Sindh during the coronavirus pandemic.

Published 22 Apr, 2020 02:52am

Money & Banking

Covid-19 crisis: KMBL branches continue operations while ensuring safety steps

As the government enforces measures to contain the spread of coronavirus in Pakistan, Khushhali Microfinance Bank is playing its part to contribute to these efforts and taking steps to ensure the safety of its customers and employees amid the pandemic.

Published 22 Apr, 2020 02:52am

Business & Economy

Limited trains operations likely from 25th under SOPs

Pakistan Railways (PR) may resume limited trains operations by maintaining distance between passengers from April 25, said Federal Minister for Railways Sheikh Rasheed.

Published 22 Apr, 2020 02:52am

Taxes

'FBR should issue IT refunds without any discrimination'

The Federal Board of Revenue (FBR) should issue income tax refunds without any discrimination.

Published 22 Apr, 2020 02:52am

Number of coronavirus cases increases rapidly in twin cities

The number of coronavirus cases is increasing rapidly in the twin cities of Islamabad and Rawalpindi after the government lifted ban on various businesses.

Published 22 Apr, 2020 02:52am

NCOC confirms 9,216 coronavirus cases, 192 deaths

The number of confirmed coronavirus cases in Pakistan has reached 9,216 of which 192 are deaths and 2,066 have recovered, according to data released by the National Command and Operation Centre (NCOC).

Published 22 Apr, 2020 02:52am

Balochistan extends lockdown till May 5

The Balochistan Home Department on Tuesday announced the extension in the lockdown, according to a notification issued here on Tuesday. According to the sources, shops and industries that have been allowed to resume operations have been directed to adhere

Published 22 Apr, 2020 02:52am

Third phase started on Tuesday: Government will bring back 5,000 stranded Pakistanis from abroad

Foreign Minister Shah Mahmood Qureshi has said that the government will bring back 5,000 stranded Pakistani nationals from abroad weekly in the third phase, which started on Tuesday. The foreign minister was speaking to Special Assistant to the Prime Min

Published 22 Apr, 2020 02:52am

Lockdown, social distancing: President hopes nation will exhibit discipline

President Dr Arif Alvi on Tuesday expressed the optimism that Pakistani nation would exhibit discipline to maintain lockdown and social distancing in order to fight the coronavirus and to eventually emerge as a great nation.

Published 22 Apr, 2020 02:52am

Pakistan fails to formally ask G20 for debt relief, claims Sherry

The parliamentary leader of Pakistan People's Party (PPP) in Senate Senator Sherry Rehman on Tuesday questioned the federal government for spreading "misinformation" and for not applying for the G20 debt relief programme.

Published 22 Apr, 2020 02:52am

Talks on mechanics for holding budget session anytime soon

National Assembly's Committee on Virtual Session unanimously decided to invite all parliamentary leaders to discuss mechanics for holding coming budget session of the Parliament during Covid-19 pandemic.

Published 22 Apr, 2020 02:52am

First charter plane carrying over 250 UK nationals leaves for London

The first charter flight carrying over 250 British nationals have left for London from Islamabad International Airport on Tuesday who were stranded due to suspension of international flights in the wake of the Covid-19 pandemic.

Published 22 Apr, 2020 02:52am

Food items: Centre, provinces collaborating to ensure availability

The government said on Tuesday that the federal government and the provinces are working in collaboration to ensure availability of food items in the country after parliamentarians stated prices of essential commodities have increased considerably.

Published 22 Apr, 2020 02:52am

290 more held for violation of 144, lockdown in Peshawar

District administration Peshawar Tuesday arrested 290 more over violation of the Section 144 of the Criminal Procedure Code (Cr.PC), lockdown and roaming in bazaars unnecessarily.

Published 22 Apr, 2020 02:52am

Business & Economy

'Plan ready to maintain stability in prices during Ramazan'

A plan had been prepared to maintain stability in the prices during Ramazan-ul-Mubarak across the province and provision of essential items at fixed rates would be ensured, said Punjab Industries and Trade Minister Mian Aslam Iqbal.

Published 22 Apr, 2020 02:52am

2846 child abuse cases reported in 2019: report

According to the report released on Tuesday by Sahil there were 2846 child abuse cases reported from all four provinces including Islamabad Capital Territory (ICT), Azad Jammu and Kashmir (AJK), Gilgit Baltistan (GB) in 2019.

Published 22 Apr, 2020 02:52am

Officials asked not to weigh more while buying wheat

Food Minister Punjab Abdul Aleem Khan has warned the officials of food department not to weigh more while buying grains during the ongoing wheat procurement campaign 2020-21.

Published 22 Apr, 2020 02:52am

Internet facility in Parachinar: Secretary Interior, PTA chief directed to submit replies

The Islamabad High Court (IHC) Monday directed secretary Interior and chairman Pakistan Telecommunication Authority (PTA) to submit their replies regarding internet facility in Parachinar district.

Published 22 Apr, 2020 02:52am

Cricket

Kamran Akmal not happy with online fitness tests during lockdown

Expressing displeasure over the online fitness tests being conducted by the Pakistan Cricket Board (PCB) during the Covid-19 lockdown, wicketkeeper-batsman Kamran Akmal has requested head coach-cum-chief selector Misbahul Haq to alter his fitness policy.

Published 22 Apr, 2020 02:52am

Tributes paid to Allama Iqbal on death anniversary

Glowing tributes were paid to poet, philosopher Dr Allama Muhammad Iqbal, who conceived the idea of a separate homeland for the Muslims of the sub-continent, as his 82nd death anniversary was marked on Tuesday.

Published 22 Apr, 2020 02:52am

Anti-lockdown demonstration: World community can now understand sufferings of Kashmiris: PM

Prime Minister Imran Khan on Tuesday said demonstrations in various parts of the world were taking place against lockdown and perhaps now international community could understand sufferings of Kashmiris in Occupied Kashmir facing brutal oppression by Indi

Published 22 Apr, 2020 02:52am

British MP thanks PM for supporting Britons trapped in Pakistan

British MP and Shadow Deputy Leader of the House of Commons, Afzal Khan has thanked Prime Minister Imran Khan for supporting Britons to return home in the difficult time amid coronavirus crisis.

Published 22 Apr, 2020 02:52am

Stocks

SECP asks microfinance institutions to facilitate borrowers

To facilitate borrowers of non-bank lending companies (NBFCs), the SECP has allowed deferment of repayment of principal and rescheduling of loans, based on borrowers' requests.

Published 22 Apr, 2020 02:52am

Cotton & Textile

Export-oriented sectors: Textile industry seeks advisor's help against ST on power bills

The textile industry has approached Prime Minister's Advisor on Commerce and Investment, Abdul Razak Dawood, seeking his help against imposition of sales tax on electricity bills from July 2019 on export-oriented sectors.

Published 22 Apr, 2020 02:52am

Shehbaz consults legal team over NAB notice

Leader of the Opposition in the National Assembly and Pakistan Muslim League-Nawaz (PML-N) President Shehbaz Sharif consulted his legal team over the National Accountability Bureau (NAB) summons issued for appearance on Wednesday (today).

Published 22 Apr, 2020 02:52am

Articles

Partly Facetious: Trump is unique!

"Trump is the leader of the..."

Published 22 Apr, 2020 02:52am

Covid-19 outbreak: All facilities available in Multan's hospitals: Yasmeen

Punjab Health Minister Dr Yasmin Rashid on Tuesday vowed that Covid-19 testing capacity will be increased to 5000 in Punjab by the end of this week.

Published 22 Apr, 2020 02:52am

COVID-19: Punjab's death rate is 1.8 percent: minister

Punjab Health Minister Yasmin Rashid said on Tuesday that Punjab's death rate is 1.8 per cent but most of the deaths in Punjab occurred due to other previous illnesses in patients.

Published 22 Apr, 2020 02:52am

Business & Economy

KCCI office timing during Ramazan

The Karachi Chamber of Commerce and Industry (KCCI) has announced its office timings during the holy month of Ramazan. For all working days except Friday, the office hours at the KCCI will be from 9:00am to 2:00pm while on Friday the office timings will b

Published 22 Apr, 2020 02:52am

Descon Oxychem launches Sanidol sanitizer

Amid the COVID-19 pandemic, Descon Oxychem Limited launched Sanidol (sanitizer/disinfectant) to meet the shortage of sanitizers in the country. Sanidol is a multipurpose Hydrogen Peroxide based disinfectant and sanitizer, which has been listed by EPA and

Published 22 Apr, 2020 02:52am

Engro partners with Indus Hospital to boost COVID-19 testing capacity

As part of the Rs 1 billion Hussain Dawood pledge, Engro Fertilizers (a subsidiary of Engro Corporation) has committed to provide Rs 95 million in financial assistance to The Indus Hospital to expand COVID-19 testing capacity across Sindh and strengthen t

Published 22 Apr, 2020 02:52am

Implementing Section 144: Punjab police to deploy 70,000 cops during Ramazan

The Punjab police have decided to deploy over 70,000 cops during Ramadan to ensure protection of lives and properties of citizens by implementing section-144, especially during Fajar and Taraweeh prayers, so that the people could be "protected" from Covid

Published 22 Apr, 2020 02:52am

Minister terms scholars' help vital on issue of banning worship places

Sindh Minister for Information, Local Government, Housing & Town Planning, Religious Affairs, Forest and Wildlife Syed Nasir Hussain Shah has said the issue of banning worship in mosques and other places of worship in the time of pandemic was a very sensi

Published 22 Apr, 2020 02:52am

Business & Economy

Threat of Covid-19 grows as export of seafood resumes

Export of seafood has resumed after the Sindh government lifted restrictions on all kinds of activities while threat of coronavirus grew with unruly crowds at fish harbor, officials said Tuesday.

Published 22 Apr, 2020 02:52am

Business & Economy

SMEs deserve a stimulus package: PBIF

President Pakistan Businessmen and Intellectuals Forum Mian Zahid Hussain has said downward spiral has affected all the sectors therefore all of them, including the small and medium enterprises, deserve a stimulus package.

Published 22 Apr, 2020 02:52am

Coronavirus patients: Murad exposes KP's blunders

Sindh Chief Minister Syed Murad Ali Shah told the National Command and Operation Center (NCOC) meeting chaired by Federal Minister Asad Umar that three members of the Tablighi Jamaat returned from Khyber Pakhtunkhwa to their home district of Tando Mohamma

Published 22 Apr, 2020 02:52am

Economic growth: Agriculture sector emerges as savior in Covid-19 crisis

The government is required to adopt a proactive approach for a sustainable growth of agriculture sector, which has become savior to economy in COVID-19 pandemic crisis.

Published 22 Apr, 2020 02:52am

Business & Economy

Export strategy to be reprioritized: Dawood

The government has decided to reprioritize the country's export strategy after evaluation of Covid-19 effects at the global level, especially big markets for Pakistani products. This was stated by Prime Minister's Advisor on Commerce and Investment, Abdul

Published 22 Apr, 2020 02:52am

Business & Economy

Prominent businessmen visit KKF

Leaders of business community of Karachi visited Khidmat-e-Khalq Foundation (KKF) head office on Wednesday and appreciated its relief work in the wake of Coronavirus pandemic. Prominent businessmen Siraj Qasim Teli, Mian Zahid Husssai, Khurram Ijaz, Agha

Published 22 Apr, 2020 02:52am

Business & Economy

'PM wants to strike a balance between preservation of health and promotion of economy'25-member delegation of prominent businessmen call on Sindh governor

The Governor of Sindh, Imran Ismail, has said that Prime Minister Imran Khan wants to have a balance between ensuring people's health and promoting economic activities in the wake of the Covid-19 pandemic. This he said while talking to a 25-member delegat

Published 22 Apr, 2020 02:52am

Business & Economy

Aftermath of Covid-19 pandemic: PBC for urgent, well-coordinated fiscal & monetary policies

The Pakistan Business Council (PBC) has called for urgent and well-coordinated fiscal and monetary policies to save jobs, preserve industrial capacity, and capability to produce goods and services for both, domestic consumption and exports, in the backdro

Published 22 Apr, 2020 02:52am

Brief Recordings

A comparable analysis of sugar inquiry report & industry response

The release of forensic inquiry report on sugar sector is due at the end of this week. While the spade of inquiry in practices of various industries such as wheat & flour, sugar, and IPPs is a welcome sign, the inquiry in the sugar sector appears to be at

Updated 22 Apr, 2020 04:59am

Telecommunication

Apple Music expands to 52 new countries in global services push

Apple Music is being expanded to 52 additional countries and territories in a push to broaden service revenue streams for the iPhone maker, the company said Tuesday.

Published 22 Apr, 2020 02:52am

Global Business Economy

Daimler, Volvo in deal to make hydrogen batteries

German automobile group Daimler said Tuesday it was partnering with Sweden's Volvo to make hydrogen batteries for trucks, as car giants accelerate a push to wean vehicles from fossil fuels.

Published 22 Apr, 2020 02:52am

Global Business Economy

Surprise jump in German investor confidence

German investor confidence unexpectedly rebounded in April despite the coronavirus crisis, a key survey showed Tuesday, as respondents saw "light at the end" of the tunnel. The ZEW institute's monthly barometer measuring economic expectations for the comi

Published 22 Apr, 2020 02:52am

Global Business Economy

US home sales tumble to nearly 4-1/2 years in March

US home sales dropped by the most in nearly 4-1/2 years in March as extraordinary measures to control the spread of the novel coronavirus brought buyer traffic to a virtual standstill, with realtors and economists expecting a further deterioration in hous

Published 22 Apr, 2020 02:52am

Global Business Economy

Australia loses six percent of jobs

Australia may have lost three quarters of a million jobs between mid-March and early April when large chunks of the economy were shut down in the fight against the coronavirus, new data showed on Tuesday.

Published 22 Apr, 2020 02:52am

Global Business Economy

Democrat says new deal reached on US small businesses funding

The US Senate's top Democrat said Tuesday that a deal had been reached with the White House on pumping an additional $300 billion into a depleted emergency program to rescue small businesses ravaged by the coronavirus crisis.

Published 22 Apr, 2020 02:52am

Global Business Economy

Virgin Australia collapses under coronavirus strain

Cash-strapped Virgin Australia collapsed Tuesday, making it the largest carrier yet to buckle under the strain of the coronavirus pandemic, which has ravaged the global airline industry. In an announcement to the Australian Stock Exchange, Virgin said it

Published 22 Apr, 2020 02:52am

Telecommunication

Huawei revenue growth slows sharply in Q1

Chinese telecom giant Huawei said Tuesday its revenue grew at a sharply slower rate of just 1.4 percent in the first quarter, when the coronavirus and efforts to contain it shut down China's economy.

Published 22 Apr, 2020 02:52am

Dozens killed in eastern DR Congo floods

Forty-six people have died in heavy flooding that struck the town of Uvira in eastern Democratic Republic of Congo, destroying thousands of homes, local officials said on Tuesday, warning the tally could be much higher.

Published 22 Apr, 2020 02:52am

At least seven dead in Yemen flash floods

At least seven people have been killed and 85 injured in flash flooding in Yemen this month, the UN said Tuesday, as the coronavirus threat also looms over the war-torn nation.

Published 22 Apr, 2020 02:52am

Masks made compulsory in most German states

Protective masks will be required on public transport in most parts of Germany, with capital Berlin joining a wave of federal states in ordering the measure to stem contagion of the novel coronavirus. Berlin mayor Michael Mueller told reporters that "to b

Published 22 Apr, 2020 02:52am

Moscow unveils Chinese-inspired hospital

An 800-bed hospital that was hastily built to treat coronavirus patients has opened outside Russia's capital Moscow, city officials said on Tuesday. The clinic, 70 kilometres (40 miles) south of Moscow, was inspired by a coronavirus facility in the Chines

Published 22 Apr, 2020 02:52am

Half of world's locked-down pupils lack computer: UN

Half of the world's school and university students affected by class closures because of the coronavirus outbreak - from pre-primary to university level - do not have access to a computer for home-schooling, the UN's educational agency said Tuesday.

Published 22 Apr, 2020 02:52am

Israeli strikes in Syria kill 9 pro-regime fighters

Israeli air strikes late Monday in the area of the central Syrian city of Palmyra killed nine fighters loyal to the Iran-backed Damascus regime, a war monitor said Tuesday. Those who died in several missile strikes included three Syrians and six foreigner

Published 22 Apr, 2020 02:52am

Germany to buy 93 Eurofighters, 45 F-18s

Germany plans to buy 93 Eurofighters and 45 US-made F-18s to replace ageing combat jets, Defence Minister Annegret Kramp-Karrenbauer said Tuesday, emphasising that the US planes satisfied NATO requirements.

Published 22 Apr, 2020 02:52am

UK parliament returns as virus criticism grows

The British parliament returned on Tuesday from an extended Easter break, as criticism grows of the government's handling of the coronavirus crisis and deaths outside hospitals increase. The House of Commons Speaker, Lindsay Hoyle, has encouraged MPs to a

Published 22 Apr, 2020 02:52am

Beijing names islands in disputed South China Sea

China on Tuesday defended its naming of 80 islands and other geographical features in the South China Sea in a move likely to anger neighbours as the country asserts its territorial claims.

Published 22 Apr, 2020 02:52am

Stocks

European shares fall

European stocks fell on Tuesday as the double whammy from a historic plunge in US crude prices and lacklustre quarterly earnings reports spooked investors already worried about the damage to the global economy from the coronavirus pandemic.

Published 22 Apr, 2020 02:52am

Stocks

Mideast stocks sink

Stock markets in the Middle East closed lower on Tuesday as US oil futures remained in negative territory on concern the United States will run out of storage amid an oil glut caused by coronavirus lockdowns. US West Texas Intermediate crude for May deliv

Published 22 Apr, 2020 02:52am

Stocks

Tuesday's early trade: stocks down for second straight day

Wall Street retreated for a second straight day on Tuesday as a collapse in US crude prices and glum annual forecasts by companies foreshadowed the biggest economic slump since the Great Depression due to the coronavirus outbreak.

Published 22 Apr, 2020 02:52am

Stocks

Wall Street tumbles

Wall Street tumbled on Monday after US crude futures turned negative for the first time ever, with traders forced to pay to unload crude as the May contract expired during a global economic slump unleashed by the coronavirus outbreak.

Published 22 Apr, 2020 02:52am

Stocks

SE Asian stocks: Vietnam leads plunge

Southeast Asia markets closed lower led by Vietnam stocks on Tuesday, rattled by a historic crash in US oil prices that laid bare the disruption caused by the coronavirus pandemic.

Published 22 Apr, 2020 02:52am

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 28	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 28 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 28 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 28 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 28 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 28 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 28 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 28 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 28 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 28 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 28 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 28 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 28 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 28 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 28 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 28 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 28 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 28 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 28 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 28 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 28 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 28 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 28 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 28 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 28 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 28 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 28 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 28 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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