News Archives for Print - 2020-05-04 - Business Recorder

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Print - 2020-05-04

Coronavirus can shut down 1 million SMEs: Umar

Coronavirus can shut down 1 million SMEs: Umar

Minister for Planning, Development and Special Initiatives Asad Umar expressed his concern that 18 million people could lose their jobs and one million small and medium-sized enterprises (SMEs) could be shut down forever due to closure of businesses durin

Published 04 May, 2020 12:07am

Marriyum concerned at shortage of beds at Punjab hospitals

Marriyum concerned at shortage of beds at Punjab hospitals

Pakistan Muslim League-Nawaz (PML-N) spokesperson Marriyum Aurangzeb on Sunday has expressed concern over non-availability of beds for corona patients at Punjab hospitals.

Published 04 May, 2020 12:07am

Covid-19 lockdown: BTAP engages thousands of jobless labourers

Covid-19 lockdown: BTAP engages thousands of jobless labourers

Billions Trees Afforestation Project (BTAP), a flagship programme of Pakistan Tehreek e Insaf (PTI) government in green sector has been proved an oasis for thousands of jobless labourers and daily wagers to earn better livelihoods for their families durin

Published 04 May, 2020 12:07am

NFC, 18th Amendment issues: Government to adopt rational approach: Shibli

NFC, 18th Amendment issues: Government to adopt rational approach: Shibli

Federal Minister for Information and Broadcasting Senator Shibli Faraz on Saturday said the government would adopt rational approach for resolving all the issues including NFC, 18th Amendment, agriculture reforms and tax network.

Published 04 May, 2020 12:07am

KSTA delegation meets Mustafa Kamal

KSTA delegation meets Mustafa Kamal

A delegation representing Karachi Shermaal and Tandoor Association (KSTA) called on the Chairman Pak Sarzameen Party Syed Mustafa Kamal here at PSP's Central Secretariat and highlighted problems they are facing during the ongoing lockdown in the backdrop

Published 04 May, 2020 12:07am

Body finalises short-term strategic domains to boost economy

Body finalises short-term strategic domains to boost economy

A meeting of a think tank, to assess the emerging economic slowdown and its impact on business due to the Covid-19, has decided that fiscal proposals including changes in rates of sales tax, refunds etc would be deliberated with the Federal Board of Reven

Published 04 May, 2020 12:07am

Government to take 'bigger' steps to fuel economic activity: PM

Government to take 'bigger' steps to fuel economic activity: PM

Prime Minister Imran Khan said on Sunday the federal government is utilising all resources to contain the spread of the novel coronavirus in the country.

Published 04 May, 2020 12:07am

GDP growth can decline to -3 percent

GDP growth can decline to -3 percent

Governor State Bank of Pakistan (SBP) Dr Reza Baqir has reportedly projected GDP growth between -2 per cent to -3 per cent if lockdown continues for 60 days, well informed sources told Business Recorder.

Published 04 May, 2020 12:07am

Futures spread up by 126bps

Stocks

Futures spread up by 126bps

The futures spread increased by 126bps to 3.93 percent on the last day of the outgoing week.

Published 04 May, 2020 12:07am

Positive trend witnessed

Stocks

Positive trend witnessed

Pakistan Stock Exchange witnessed positive trend during the four-day outgoing week ended April 30, 2020 on the back of local investors and institutional support.

Published 04 May, 2020 12:07am

Pope says coronavirus vaccine must be shared worldwide

Pope says coronavirus vaccine must be shared worldwide

Pope Francis called on Sunday for international scientific cooperation to discover a vaccine for the coronavirus and said any successful vaccine should be made available around the world.

Published 04 May, 2020 12:07am

Pompeo says 'enormous evidence' virus came from Wuhan lab

Pompeo says 'enormous evidence' virus came from Wuhan lab

Secretary of State Mike Pompeo on Sunday stepped up a US campaign to hold China accountable for the spread of the deadly coronavirus, asserting there is "enormous evidence" the virus originated in a laboratory in the city of Wuhan.

Published 04 May, 2020 12:07am

Roche wins FDA nod for Covid-19 antibody test

Roche wins FDA nod for Covid-19 antibody test

Roche has won emergency approval from the US Food and Drug Administration (FDA) for an antibody test to determine whether people have ever been infected with the coronavirus, the Swiss drugmaker said on Sunday.

Published 04 May, 2020 12:07am

Five Indian troops killed, four freedom fighters martyred

Five Indian troops killed, four freedom fighters martyred

Five Indian military personnel were killed and four suspected freedom fighters martyred in two gun battles in Indian-occupied Kashmir, officials said Sunday.

Published 04 May, 2020 12:07am

Greece says Turkish jets buzzed defense minister

Greece says Turkish jets buzzed defense minister

Greece on Sunday condemned what it called harassment of its defence minister and army chief by Turkish jets over a small island in the Aegean Sea.

Published 04 May, 2020 12:07am

Imran, Trudeau discuss Covid-19 situation

Imran, Trudeau discuss Covid-19 situation

Prime Minister Imran Khan held a telephone conversation with his Canadian counterpart Prime Minister Justin Trudeau. The situation arising out of the Covid-19 pandemic, and other matters of mutual interest came under discussion.

Published 04 May, 2020 12:07am

Assets beyond means case: NAB issues summons to Shahbaz

Assets beyond means case: NAB issues summons to Shahbaz

The National Accountability Bureau (NAB) has for the third time summoned Pakistan Muslim League - Nawaz (PML-N) president and opposition leader Shahbaz Sharif in the case pertaining to possession of assets beyond means.

Published 04 May, 2020 12:07am

Economic slowdown to deplete foreign reserves: Qureshi

Economic slowdown to deplete foreign reserves: Qureshi

Foreign Minister Shah Mehmood Qureshi said on Sunday that there is forecast of three-percent contraction in the world economy involving trillions and this economic slide would leave impact on Pakistan's and other economies due to COVID-19.

Published 04 May, 2020 12:07am

Iran warns of nuclear deal 'death' if arms embargo extended

Iran warns of nuclear deal 'death' if arms embargo extended

A top Iranian official on Sunday warned that a nuclear deal the US withdrew unilaterally from would "die forever" if an arms embargo on Tehran is extended.

Published 04 May, 2020 12:07am

Sales tax frauds: FTO's recommendation remains unimplemented

Sales tax frauds: FTO's recommendation remains unimplemented

A key recommendation issued by the Federal Tax Ombudsman (FTO) remained unimplemented by the Federal Board of Revenue (FBR) to proceed against tax employees, particularly those in higher ranks, found involved in perpetration of sales tax frauds.

Published 04 May, 2020 12:07am

APPMA demands elimination of 'anomalous' tariff

APPMA demands elimination of 'anomalous' tariff

All Pakistan Paper Merchants Association (APPMA) has said that the local printing industry has reached to the edge of destruction due to the continuation of anomalous tariff and once it closed down, will never be able to revive itself.

Published 04 May, 2020 12:07am

SRB to reopen its offices today

SRB to reopen its offices today

Sindh Board of Revenue (SRB) will open its provincial offices from tomorrow (Monday) onward which had been facing closure due to the coronavirus related lockdown in Sindh.

Published 04 May, 2020 12:07am

Covid-19: PCGA, MCCI for protecting textile industry, allied units

Covid-19: PCGA, MCCI for protecting textile industry, allied units

Pakistan Cotton Ginners Association (PCGA) and Multan Chamber of Commerce & Industry (MCCI) said, "We have no political motive nor we want to create any trouble for the present government but we want to save the sinking textile industry and its allied uni

Published 04 May, 2020 12:07am

World Press Freedom Day

Letters

World Press Freedom Day

That this deadly virus knows no bounds is a fact. Dozens of journalists losing their lives in the world, including Pakistan, is a wake-up call for media houses and the governments to ensure that media workers do not lack proper protection for covering the

Published 04 May, 2020 12:07am

Swiss soldiers fight Covid-19 armed with Bluetooth app

Articles

Swiss soldiers fight Covid-19 armed with Bluetooth app

Swiss army conscripts are taking the fight to the coronavirus pandemic by field-testing a Bluetooth-based smartphone app aimed at stopping a resurgence of COVID-19. The rapidly-created app traces people who have inadvertently crossed paths with someone in

Published 04 May, 2020 12:07am

Humanity on profound trial

Articles

Humanity on profound trial

"Human Kind" and "Gentlemen" had become obsolete words in Pre-Corona era. Human beings were neither kind nor men / women were gentle to each other or to their habitat. The consequences of this cruelty and unkindness have never been more exposed as in the

Published 04 May, 2020 12:07am

Whither the budget deficit

Articles

Whither the budget deficit

There was intense speculation on the government's ability to meet the budget deficit target of 7.2 percent for the current fiscal year, the same as projected for 2018-19, agreed with the International Monetary Fund (IMF) even before the rampage wrought on

Published 04 May, 2020 12:07am

National Tax Council

National Tax Council

It is unfortunate that the NTC (National Tax Council), which was mandated with harmonising GST (General Sales Tax) on both goods and services between the centre and provinces, will not be able to get the job done in time for the upcoming budget because of

Published 04 May, 2020 12:07am

FY21: Corona budget

FY21: Corona budget

Advisor to the Prime Minister on Finance Dr Hafeez Sheikh stated on a private television channel that the budget for next fiscal year would be presented during the first week of June and would focus on mitigating the impact of the Coronavirus on the gener

Updated 08 May, 2020 03:35am

Kidney Hill Park to be opened after lockdown: Mayor

Kidney Hill Park to be opened after lockdown: Mayor

Mayor Karachi Wasim Akhtar Sunday said that Kidney Hill Park, where trees of 40,000 types planted, would be opened for public after lockdown.

Published 04 May, 2020 12:07am

Minister urges people to adopt new lifestyle

Minister urges people to adopt new lifestyle

Sindh Information Minister Syed Nasir Hussain Shah has said when the federal ministers constantly criticise the Sindh government and mislead the people, only then the ministers of the Sindh government had to respond them to tell people the truth.

Published 04 May, 2020 12:07am

Bilawal, Murad discuss Covid-19 situation

Bilawal, Murad discuss Covid-19 situation

Sindh Chief Minister Syed Murad Ali Shah on Sunday met Pakistan Peoples Party (PPP) Chairman Bilawal Bhutto Zardari and discussed coronavirus situation in the province.

Published 04 May, 2020 12:07am

'Traders shouldn't be dragged into conflict between Centre, Sindh'

Business & Economy

'Traders shouldn't be dragged into conflict between Centre, Sindh'

President All City Traders Ittehad Hamad Poonawala has said that traders should not be dragged into the conflict between the federation and Sindh province.

Published 04 May, 2020 12:07am

PMA delegation meets Bilawal

PMA delegation meets Bilawal

A Pakistan Medical Association (PMA) delegation met PPP Chairman Bilawal Bhutto Zardari at Bilawal House on Sunday and apprised him about the problems being faced by doctors and paramedics across the country.

Published 04 May, 2020 12:07am

Covid-19: Eight more die, 214 recovered: Murad

Covid-19: Eight more die, 214 recovered: Murad

Sindh Chief Minister Syed Murad Ali Shah has said that 214 more patients recovered and returned to their homes while another 363 positive cases emerged between Saturday and Sunday.

Published 04 May, 2020 12:07am

WEEKLY COTTON REVIEW: No trading activity for almost two months

Cotton & Textile

WEEKLY COTTON REVIEW: No trading activity for almost two months

Formulation of new cotton policy 2020-2021 is under process. Federal Committee on Agriculture (FCA) will announce the total estimates of cotton production and the total area of cotton cultivation.

Published 04 May, 2020 12:07am

Securities Brokers (Licensing and Operations) Regulations, 2016: SECP receives feedback on draft amendments

Stocks

Securities Brokers (Licensing and Operations) Regulations, 2016: SECP receives feedback on draft amendments

The Securities and Exchange Commission of Pakistan (SECP) has received stakeholders feedback on draft amendments in the Securities Brokers (Licensing and Operations) Regulations, 2016 that in view of Covid-19, the minimum net worth requirement for Trading

Published 04 May, 2020 12:07am

Higher denomination banknotes: SBP may abolish protective varnish coating

Money & Banking

Higher denomination banknotes: SBP may abolish protective varnish coating

The State Bank of Pakistan (SBP) is likely to abolish protective varnish coating on existing higher denomination banknotes i.e. Rs 500, 1000 and 5000 for two months due to fears of breakdown of the machine, sources close to Advisor Finance told Busines

Published 04 May, 2020 12:07am

20 beds High Dependency Unit for Covid-19 patients established

The 20-beded ICU equipped with latest ventilators of interior Sindh and 20-beded High Dependency Unit for coronavirus patients had been established in Liaquat University Hospital (LUH) Hyderabad.
Published 04 May, 2020 12:07am

Business & Economy
BMP calls to revise 18th Amendment, NFC Award

Businessmen Panel (BMP) Secretary General (Federal) Ahmad Jawad has said 18th Amendment should be revised including NFC award so that the balance of powers could be streamlined including certain powers may be come back to Federation because public looks t
Published 04 May, 2020 12:07am

Cricket
Wasim, Babar to guide women cricketers online

To help players learn from the cricket's elite and remain focused on the game during the Covid-19 lockdown, the Pakistan Cricket Board (PCB) has organised online sessions for the Pakistan national women's team with the legendary Wasim Akram and Babar Azam
Published 04 May, 2020 12:07am

Cotton & Textile
Textile, allied supply chain to start operation soon: APTPMA chief

Chairman All Pakistan Textile Processing Mills Association (APTPMA), Muhammad Pervez Lala has said, "Within next one or two days we will start our factories soon after announcement by the Prime Minister and issuance of requisite notification in this regar
Published 04 May, 2020 12:07am

Covid-19: PCB to extend financial support to cricketers, officials

The Pakistan Cricket Board (PCB) Sunday announced it will help and support first-class cricketers and other stakeholders facing hardships in the wake of the Covid-19 lockdown, resulting in no local cricket activity.
Published 04 May, 2020 12:07am

Buzdar vows to create more ease, comforts for traders community

Chief Minister Sardar Usman Buzdar in a meeting with the delegation of industrialists and representatives of traders community, here Sunday assured that Punjab government will create more ease and comforts for the industrialists and traders community.
Published 04 May, 2020 12:07am

148 arrested for profiteering, lockdown violation

District administration Peshawar on Sunday arrested 148 more for profiteering and violation of lockdown from different localities of the district.
Published 04 May, 2020 12:07am

Ehsaas Programme: Web portal to ease Covid-19 victims: Sania

Special Assistant on Social Protection and Poverty Alleviation Dr Sania Nishtar said that Prime Minister Imran Khan had launched a web portal to solicit Ehsaas Emergency Cash aid applications from COVID-19 livelihood-loss-affectees (category-4).
Published 04 May, 2020 12:07am

Government firmly believes in freedom of expression: Faraz

Federal Minister for Information and Broadcasting, Shibli Faraz has said the Pakistan Tehreek-e-Insaf (PTI) government firmly believes in the fundamental, constitutional and legal right of freedom of expression.
Published 04 May, 2020 12:07am

Business advisory body: PA speaker convenes meeting today

Speaker Punjab Assembly Ch. Parvez Elahi has convened meeting of the Business Advisory Committee on Monday (today) at 1:30 PM in the Punjab Assembly. Deputy Speaker Sardar Dost Mohammad Mazari will preside over the meeting.
Published 04 May, 2020 12:07am

Cotton & Textile
PRGMEA for switching over production to PPEs

Chief Coordinator Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) Ijaz A Khokhar has said there is great need of switching over the business to protective equipment production without fail to capture the market share for fetch
Published 04 May, 2020 12:07am

Business & Economy
Government urged to announce relief package for CNG sector

CNG owners and dealers have urged the federal government and Prime Minister Imran Khan to announce special gas tariff relief package for neglected and corona lockdown-hit CNG sector, what they called the sector is prime source of employment for many peopl
Published 04 May, 2020 12:07am

KP witnesses 108 new Covid-19 positive cases, 11 deaths

Advisor to KP CM on Information, Ajmal Wazir Sunday said that 108 coronavirus cases and 11 deaths have been occurred due to virus during 24 hours in Khyber Pakhtunkhwa raising the tally of total patients to 2907 and deaths to 172 respectively.
Published 04 May, 2020 12:07am

President to be part of online NAM summit

President Dr Arif Alvi will represent Pakistan at the virtual Summit of the Non-Aligned Movement (NAM) being held on 4 May 2020.
Published 04 May, 2020 12:07am

World Press Freedom Day: Pakistan condemns Indian repression of media, journalists in IoJ&K

On World Press Freedom Day, Pakistan condemns India over repression of media and harassment of journalists in Indian occupied Jammu & Kashmir (IoJ&K).
Published 04 May, 2020 12:07am

Commodities
Sugar scandal: PTI may face internal revolt if action taken against Tareen

The ruling Pakistan Tehreek-e-Insaf (PTI) may face an internal revolt in its ranks in case the federal government decides to proceed against Jahangir Khan Tareen, once the most trusted confidant of Prime Minister Imran Khan.
Published 04 May, 2020 12:07am

Brief Recordings
Interview with Zohare Ali Shariff, CEO APR "Radio is a powerful medium for crisis communication during COVID-19"

As the world experiences one of the most debilitating and unprecedented health and economic crises of recent times, corporations have a tough task on their hands-how to continue to reach out to their customers and target audiences while keeping business a
Updated 04 May, 2020 05:32am

Algerian singer and Berber idol Idir dies

Algerian singer Idir, a leading cultural ambassador of his native Kabylie and its Berber language, died in Paris on Saturday, aged 70, his family announced.
Published 04 May, 2020 12:07am

Egypt says 18 suspected militants killed

Egypt's interior ministry said Sunday 18 suspected militants were killed in North Sinai in a firefight with security forces, two days after a deadly blast claimed by the Islamic State group.
Published 04 May, 2020 12:07am

Nearly 100,000 evacuated after Uzbekistan dam bursts

Nearly 100,000 people have been displaced in Uzbekistan and Kazakhstan after an Uzbek dam burst, flooding thousands of homes and destroying agricultural fields. The wall of the Sardoba reservoir dam in eastern Uzbekistan burst early on Friday triggering a
Published 04 May, 2020 12:07am

Greece to move migrants from infamous camp

Greece was set Sunday to evacuate hundreds of migrants from a notoriously overpopulated island camp to the mainland.
Published 04 May, 2020 12:07am

North and South Korea exchange gunfire at border

North Korean troops fired multiple gunshots towards the South in the DMZ dividing the peninsula on Sunday, prompting South Korean forces to fire back, Seoul said. The rare exchange of gunfire comes a day after North Korean state media reported that leader
Published 04 May, 2020 12:07am

Ivory Coast PM flies to France for medical checks

Ivory Coast Prime Minister Amadou Gon Coulibaly, the ruling party's candidate in October's presidential election, has flown to France for medical checks, the presidency said on Sunday.
Published 04 May, 2020 12:07am

World's tallest tower to light up with coronavirus donations

One pixel at a time, Dubai will light up the facade of the world's tallest building to represent each donation made to relieve coronavirus-hit communities across the United Arab Emirates.
Published 04 May, 2020 12:07am

Russia sees record rise as virus cases surge past 130,000

Russia on Sunday reported a new record daily rise in coronavirus infections as the number of confirmed cases surged past 130,000.
Published 04 May, 2020 12:07am

Virus efforts jeopardise vaccines for millions of MENA children: UN

The coronavirus pandemic could jeopardise vaccination campaigns in the Middle East and North Africa, UNICEF warned Sunday, saying millions of children could miss out on polio and measles immunisations.
Published 04 May, 2020 12:07am

Venezuela says it foiled an incursion by 'mercenaries'

Venezuela's leftist government said Sunday it foiled an incursion from the sea by alleged mercenaries bent on "terrorist acts" aimed at overthrowing President Nicolas Maduro.
Published 04 May, 2020 12:07am

UK royal Kate calls midwives and parents to highlight mental health issues

British royal Kate, the Duchess of Cambridge, has video-called a number of new parents, midwives and other maternity service professionals to promote her message of mental health awareness during the coronavirus pandemic.
Published 04 May, 2020 12:07am

Europe prepares to ease lockdowns as signs pandemic ebbing

European nations on Sunday prepared for further cautious easing of coronavirus restrictions following signs the pandemic may be slowing, with hard-hit Italy set to follow Spain in allowing people outside after weeks of confinement.
Published 04 May, 2020 12:07am

UK says virus lockdown to be lifted gradually

The British government on Sunday said the easing of coronavirus lockdown measures was likely to be gradual, as it announced a further rise in the overall death toll.
Published 04 May, 2020 12:07am

Money & Banking
Money market stress adds to case for more ECB action

Funding costs in a vital corner of euro zone money markets remain at worryingly high levels even after unprecedented ECB action, indicating the central bank may need to do more to ensure a smooth supply of short-dated credit to the economy.
Published 04 May, 2020 12:07am

Stocks
Abu Dhabi's Mubadala in talks for potential dollar bond issue

Abu Dhabi's state fund Mubadala is in early discussions with banks for a potential dollar bond issue, two banking sources said, as the region seeks liquidity amid the double blow of historically low oil prices and the coronavirus pandemic.
Published 04 May, 2020 12:07am

Stocks
Saudi index sees biggest daily fall in nearly two months

Saudi Arabia's stock market fell sharply on Sunday, snapping three sessions of gains as the prospect of more stringent measures to cope with the coronavirus and Moody's downgrading of the kingdom's outlook soured investor sentiment.
Published 04 May, 2020 12:07am

Stocks
Forget 2020, stock market optimists look at 2021 for buy signals

Shrugging off reams of terrible economic data, plunging oil prices and dire corporate profits, world stocks have recouped around half of this year's coronavirus-linked losses as investors flip over their calendars to bet on a strong recovery in 2021.
Published 04 May, 2020 12:07am

Money & Banking
African currencies week ahead: Nigeria's naira to weaken; Kenyan shilling seen on even keel

The Nigerian currency is expected to weaken against the dollar over the next week as the country prepares to begin easing its coronavirus lockdown while the Kenyan shilling is seen stable.
Published 04 May, 2020 12:07am

Money & Banking
Investors on verge of turning bullish on yuan; bears retreat on most Asia units

Investors cut their short bets further on most Asian currencies, a Reuters poll showed, as several countries gradually ease lockdowns enforced to contain the new coronavirus' spread, adding to a growing wave of optimism that the worst may be over.
Published 04 May, 2020 12:07am

Money & Banking
Egyptian pound's initial coronavirus immunity seen waning

Egypt's pound has been a rare riser among emerging market currencies beaten down by the coronavirus fallout but pressure is growing on it to weaken.
Published 04 May, 2020 12:07am

Stocks
Boeing eyes major bond issue

Boeing Co is working with investment banks on a multibillion-dollar bond-fueled financing package as it aims to shore up its balance sheet amid a sharp travel downturn due to the coronavirus pandemic, three people familiar with the matter said on Tuesday.
Published 04 May, 2020 12:07am

Stocks
Wall Street week ahead: Stocks face test as reopenings could fuel demand - or more coronavirus

A bounce in stocks is likely to face a test in the coming weeks as investors try to gauge whether countries and US states emerging from lockdowns can arrest a sharp fall in economic growth without provoking a resurgence of coronavirus cases.
Published 04 May, 2020 12:07am

Global Business Economy
Syria tycoon alleges pressure to step back from business

Syria's most notorious tycoon has accused security forces of detaining his employees to pressure him into distancing himself from his businesses, amid rumours of tensions with the president.
Published 04 May, 2020 12:07am

Global Business Economy
Following Dubai, more UAE malls, restaurants reopen

Malls in the United Arab Emirates' capital Abu Dhabi began reopening to a restricted number of customers this weekend as the UAE eases lockdown measures imposed more than a month ago to combat the novel coronavirus.
Published 04 May, 2020 12:07am

Global Business Economy
UAE airlines say years needed to restore demand

Top executives of Emirates and Etihad, two of the Middle East's biggest airlines, have said passenger demand may not return to pre-coronavirus crisis levels until 2023.
Published 04 May, 2020 12:07am

Energy
Oil-hungry Asian nations pounce on low prices to build stockpiles

Some oil-hungry Asian nations are taking advantage of the collapse in prices caused by the coronavirus pandemic to build up their crude stockpiles. Here are some questions and answers about strategic reserves and the region's oil supplies:
Published 04 May, 2020 12:07am

Global Business Economy
TUI's China unit resumes domestic holiday offers

The Chinese unit of Germany's TUI, the world's biggest tourism group, said on Sunday it has resumed offering holiday packages in China and urged the European Union (EU) to lift travel restrictions in place to curb the coronavirus.
Published 04 May, 2020 12:07am

Global Business Economy
Palestinian labourers back working in Israel as virus slows

Thousands of Palestinians from the West Bank entered Israel to work on Sunday after weeks of absence over fears of the coronavirus, as the pandemic's spread slowed.
Published 04 May, 2020 12:07am

Global Business Economy
Virus impact puts thousands of jobs risk at Rolls-Royce

Thousands of jobs could be at risk at British aircraft engine manufacturer Rolls-Royce, which on Sunday said it was in talks with unions about the impact of the coronavirus outbreak on operations.
Published 04 May, 2020 12:07am

Global Business Economy
'American magic' will spur US economic recovery, says Warren Buffett

Billionaire investor Warren Buffet said Saturday he's confident the US economy will bounce back from its pummeling by the coronavirus pandemic because "American magic has always prevailed."
Published 04 May, 2020 12:07am

Global Business Economy
White House adviser won't rule out more money for states, small businesses

White House economic adviser Larry Kudlow said on Sunday he would not rule out any element in the next potential coronavirus relief bill, including more money for state and local governments and the small business program.
Published 04 May, 2020 12:07am

Aaj TV - Monday's schedule

All timings are in PST (Pakistan Standard Time).

Updated 04 May, 2020 05:57pm

The Weather

The weather report on Sunday (May 3, 2020) and the forecast for Monday (May 4, 2020).

Published 04 May, 2020 12:07am

Rates
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 04 May, 2020 12:07am

Rates
Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (April 28 to 30, 2020).

Published 04 May, 2020 12:07am

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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