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Apr 27, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2020-05-03
North Korea's Kim reappears after weeks of speculation

North Korea's Kim reappears after weeks of speculation

North Korea's Kim Jong Un has made his first public appearance in nearly three weeks, state media reported Saturday, following intense speculation that the leader of the nuclear-armed nation was seriously ill or possibly dead.
Updated 03 May, 2020 04:51am
Indian envoy summoned over ceasefire violations

Indian envoy summoned over ceasefire violations

Pakistan on Saturday summoned senior Indian diplomat and lodged a strong protest over the ceasefire violations by the Indian occupation forces along the Line of Control (LoC) in Hajipir and Sankh sectors on 1st May, resulting in serious injuries to an inn
Updated 03 May, 2020 04:51am
Pakistan rejects Indian allegations

Pakistan rejects Indian allegations

Pakistan on Saturday dismissed the 'baseless' Indian allegations of so-called 'infiltration attempts' and called for the mandated role of the United Nations Military Observer Group in India and Pakistan (UNMOGIP) to effectively check the ceasefire violati
Updated 03 May, 2020 04:51am
Overseas Pakistanis Saving Bills launched

Overseas Pakistanis Saving Bills launched

The federal government has invited foreigners having Pakistan Origin Card, members of Overseas Pakistanis Foundation or an employee or official of the federal government or a provincial government posted abroad to invest in Overseas Pakistanis Saving Bill
Updated 03 May, 2020 04:51am
Sindh government says federal ministers misleading people

Sindh government says federal ministers misleading people

Sindh Minister for Inform-ation, Syed Nasir Hussain Shah Saturday said everything that Pakistan Peoples Party Chairman Bilawal Bhutto Zardari said in his press conference was based on facts. He said that the chairman PPP spoke not only about Sindh but for
Updated 03 May, 2020 04:51am
Pearl's parents move SC against SHC verdict

Pearl's parents move SC against SHC verdict

The parents of slain Wall Street Journal (WSJ) reporter Daniel Pearl Saturday approached the apex court against the Sindh High Court (SHC) judgment dated 2nd April, 2020.
Published 03 May, 2020 12:05am
NAB to turn into a 'Tarzan' after Ramazan: Rasheed

NAB to turn into a 'Tarzan' after Ramazan: Rasheed

The National Accountability Bureau (NAB) will return like 'Tarzan' after Ramazan and continue its investigation against all people involved in corrupt practices, Railways Minister Sheikh Rasheed said on Saturday.
Updated 03 May, 2020 05:12am
Spain eases strict lockdown as US approves virus drug

Spain eases strict lockdown as US approves virus drug

Spaniards took to the streets to jog, cycle and rollerskate for the first time following 48 days of confinement on Saturday as some European nations cautiously eased virus lockdowns while Russia reported a sudden surge in its infections.
Published 03 May, 2020 12:05am
Emissions cuts: 'Carbon market' envisaged to generate credits

Emissions cuts: 'Carbon market' envisaged to generate credits

The government has decided to establish 'carbon market' in Pakistan with the basic objective of increasing source of revenue; spurring investment into innovative technologies, and engaging the private sector in addressing the climate change issues.
Published 03 May, 2020 12:05am
PSDP 2019-20: Rs 533.33 billion released against budgeted Rs 701 billion

PSDP 2019-20: Rs 533.33 billion released against budgeted Rs 701 billion

The federal government has released Rs533.33 billion (76.1 percent) including Rs102.7 billion foreign aid (80.12 percent) for various ongoing and new development projects under the Public-Sector Development Programme (PSDP) 2019-20 against the total budge
Published 03 May, 2020 12:05am
Over 15,000 citizens brought back from various countries

Over 15,000 citizens brought back from various countries

Pakistan has brought back over 15,000 Pakistanis stranded worldwide following the coronavirus outbreak, Special Assistant to the Prime Minister (SAPM) on National Security Dr Moeed Yusuf said on Saturday.
Published 03 May, 2020 12:05am
Cellphone call rates to be slashed by 10 paisa

Cellphone call rates to be slashed by 10 paisa

The government has decided to slash Mobile Termination Rates (MTRs) from the current Rs0.80/min to Rs0.70, which would help keep tariffs low for consumers.
Published 03 May, 2020 12:05am
Correction

Correction

This is apropos a Business Recorder news item "Concessionary loans face prospect of ban" carried by the newspaper on April 30 2020. The word 'non' that actually preceded the word 'concessionary' was deleted from the headline and body text of the ne
Published 03 May, 2020 12:05am
Remembering Rishi Kapoor, Irrfan Khan
Letters

Remembering Rishi Kapoor, Irrfan Khan

Two great actors of Bollywood - Rishi Kapoor and Irrfan Khan - have died in recent days. Both died of cancer. Amitabh Bachchan, who was among the first to mourn Rishi's death, had aptly reflected the reaction of entire film industry and film viewers by sa
Published 03 May, 2020 12:05am
Covid-19: A call for regional cooperation
Articles

Covid-19: A call for regional cooperation

As of April 30th, 2020 the total cases affected with Covid-19 in South Asian region were 58,854 - a mere 1.8% of the global toll of 3,220,970 - despite the fact that South Asia has a 25% share in world's population. Infection fatality ratio of South Asia
Published 03 May, 2020 12:05am
Shrinking banking spreads
Articles

Shrinking banking spreads

It's a known fact that banks in Pakistan are not doing their supposed financial intermediation business of routing savings of large pool to lending businesses and consumers. In the developed world, big corporates and governments do not really rely on bank
Published 03 May, 2020 12:05am
Unending persecution of Indian Muslims

Unending persecution of Indian Muslims

By all accounts, the Hindutva-committed Modi regime is out to Hinduize India, a state that is also homeland to 200 million Muslims. It is a two-pronged strategy. One, New Delhi has set in motion a process to change the demography of Occupied Jammu and Kas
Published 03 May, 2020 12:05am
ILO's grim warning

ILO's grim warning

The ILO's (International Labour Organisation's) warning that half of the world's workers are in danger of 'having their livelihoods destroyed' is hard to digest but not nearly as hard to understand given how fast the world is changing because of the coron
Published 03 May, 2020 12:05am
Itel Mobile launches vision series
Telecommunication

Itel Mobile launches vision series

The fastest growing international mobile brand in Pakistan, Itel launched an affordable marvel for its consumers. Itel Mobile is a global brand with its heartfelt mission being to provide budget friendly mobile phones and technology to everyone.
Published 03 May, 2020 12:05am
People of Thar face acute shortage of drinking water

People of Thar face acute shortage of drinking water

Due to acute shortage of drinking water in summer season, the deprived children and women of Thar are travelling so far distance for fling the drinking water. The Sindh government has announced to install 800 Reverse Osmosis (RO) Plants in Thar from which
Published 03 May, 2020 12:05am
Heat waves: Mayor imposes emergency in KMC-run hospitals

Heat waves: Mayor imposes emergency in KMC-run hospitals

Mayor Karachi Wasim Akhtar Saturday imposed emergency in hospitals under administrative control of the Karachi Metropolitan Corporation (KMC) keeping in view heat waves alert issued by Pakistan Meteorological Department.
Published 03 May, 2020 12:05am
Bahria Town bags 17 awards in 69th Pakistan Annual Flower Show

Bahria Town bags 17 awards in 69th Pakistan Annual Flower Show

Bahria Town Karachi, which is known for its beautiful landscaping and outstanding parks, was recently awarded positions in 17 different categories in the 69th Pakistan Annual Flower Show 2020, organized by Horticulture Society of Pakistan.
Published 03 May, 2020 12:05am
Two journalists died, 38 media workers contacted virus: PPF

Two journalists died, 38 media workers contacted virus: PPF

Pakistan Press Foundation (PPF) on Saturday released World Press Freedom Report on Media Safety and Press Freedom in Pakistan 2019-2020 that states this year, the media in Pakistan, is operating under a new and challenging environment created by the sprea
Published 03 May, 2020 12:05am
ABAD, Cap seek representation on CIDB
Business & Economy

ABAD, Cap seek representation on CIDB

The Constructors Association of Pakistan (CAP) and Association of Builders and Developers (ABAD) have urged the government to give representation to all stakeholders of the construction supply chain in the proposed Construction Industry Development Board
Published 03 May, 2020 12:05am
HRCP raises concerns over human rights in Pakistan

HRCP raises concerns over human rights in Pakistan

The Human Rights Commission of Pakistan (HRCP) raised several pertinent concerns in its 2019 annual report on the State of Human Rights in Pakistan. However, the report overlooks several major milestones towards securing and safeguarding the rights of vul
Published 03 May, 2020 12:05am
PTI appoints party president, secretary for NA-53

PTI appoints party president, secretary for NA-53

The organisation of Pakistan Tehreek-e-Insaf (PTI) in federal capital has entered the next phase and the governing body of NA-53 sub-district of Islamabad region has been formally announced on Saturday.
Published 03 May, 2020 12:05am
CM warns PM of locust attack

CM warns PM of locust attack

Chief Minister Sindh Syed Murad Ali Shah has written letter to the Prime Minister Imran Khan warning him regarding a 'massive' locust attack could be expected after May 15 on the agricultural fields of the province.
Published 03 May, 2020 12:05am
PR to set up 1,000 marquees across country

PR to set up 1,000 marquees across country

The Pakistan Railways (PR) has decided to set up 1,000 marquees on its land throughout the country to compensate for the Rs5 billion loss it is sustaining per month due to closure of its rail operations.
Published 03 May, 2020 12:05am
Traders seek opening of businesses
Business & Economy

Traders seek opening of businesses

Representatives of over 100 markets in the provincial metropolis at a "traders consultative moot" hosted by the Lahore Chamber of Commerce & Industry (LCCI) have urged the government to allow opening of markets and small industries immediately as prolonge
Published 03 May, 2020 12:05am
Capital witnesses increasing crime rate

Capital witnesses increasing crime rate

Despite partial lockdown imposed in the wake of Covid-19 spread and huge presence of the police personnel in the federal capital, the incidents of carjacking and various kinds of theft are increasing with each passing day.
Published 03 May, 2020 12:05am
PM Imran wishes Russian counterpart speedy recovery from Covid-19

PM Imran wishes Russian counterpart speedy recovery from Covid-19

Prime Minister Imran Khan has on Saturday wished a speedy recovery and good health to his Russian counterpart, Mikhail Mishustin, who is suffering from Covid-19. The prime minister also expressed solidarity with the Russian leadership in battling the chal
Published 03 May, 2020 12:05am
NAHE launches first online NDFP 2020

NAHE launches first online NDFP 2020

The National Academy of Higher Education (NAHE) has launched its first online National Faculty Development Programme (NDFP) 2020.
Published 03 May, 2020 12:05am
Seven Peshawar-based journalists tested corona positive

Seven Peshawar-based journalists tested corona positive

Advisor to KP CM on Information, Ajmal Khan Wazir has said that steps are being taken for conducting corona tests of journalists, adding the community will be provided all possible facilities and their problems will be resolved on priority basis.
Published 03 May, 2020 12:05am
KP Covid-19 testing capacity increased to 1500 per day: CM

KP Covid-19 testing capacity increased to 1500 per day: CM

Chief Minister Khyber Pakhtunkhwa, Mahmood Khan has said that public sector testing capacity for Covid-19 has been increased from scratch to around 1500 per day adding that the existing number of tests would be doubled in the coming days.
Published 03 May, 2020 12:05am
CBOT soyabean futures rise on export demand
Commodities

CBOT soyabean futures rise on export demand

Chicago Board of Trade soyabean futures rose about 2% on Thursday on strong export demand and news of fresh purchases by top global soya buyer China, as well as technical buying and short-covering at month-end, traders said.
Published 03 May, 2020 12:05am
US natural gas futures jump to 10-week high
Energy

US natural gas futures jump to 10-week high

US natural gas futures rose to a 10-week high on Thursday as output slows because drillers are shutting oil wells in shale basins due to the recent collapse in crude prices. Those oil wells also produce a lot of gas.
Published 03 May, 2020 12:05am
Forward trading of Phutti resumes on cotton market
Cotton & Textile

Forward trading of Phutti resumes on cotton market

Forward trading in Phutti and cotton seed (Banola) for the year 2020-21 has been started. Market sources said that forward trading agreements of 20 trucks of Phutti of lower Sindh were signed. The agreements were signed at the rate of Rs 3300 to Rs 3700 p
Published 03 May, 2020 12:05am
CBOT corn futures higher
Commodities

CBOT corn futures higher

Chicago Board of Trade corn futures closed higher Thursday on better-than-expected weekly US export data and end-of-the month position-squaring, but still fell about 8% for the month as demand for corn-based ethanol collapsed.
Published 03 May, 2020 12:05am
UK PM and partner name new baby boy

UK PM and partner name new baby boy

Boris Johnson's fiancee, Carrie Symonds, on Saturday said they had named their newborn son after their grandfathers and the hospital doctors who treated the British prime minister for COVID-19.
Published 03 May, 2020 12:05am
First giant panda born in Netherlands

First giant panda born in Netherlands

Wu Wen, a giant panda loaned to a Dutch zoo by China, has given birth in a first for the Netherlands, Ouwehands animal park announced Saturday.
Published 03 May, 2020 12:05am
China condemns US tweet on Taiwan exclusion from UN

China condemns US tweet on Taiwan exclusion from UN

China has condemned a US tweet backing Taiwan's push for participation at the United Nations as the global body works with its 193 member states to tackle the coronavirus pandemic.
Published 03 May, 2020 12:05am
The Weather

The Weather

The weather report on Saturday (May 2, 2020) and the forecast for Sunday (May 3, 2020).

Published 03 May, 2020 12:05am
Cotton Spot Rates
Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (May 2, 2020).

Published 03 May, 2020 12:05am
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