News Archives for Print - 2020-05-05

Print - 2020-05-05

Lockdown to be lifted only gradually: PM

The Prime Minister, Imran Khan, said on Monday that lockdown would be further eased gradually to provide livelihood to the low-income group and daily wagers.

Published 05 May, 2020 12:06am

Business & Economy

Government urged to remove regulatory duty on import of tyres

Pakistan Tyre Importers and Dealers Association (PTIDA) has demanded of the government to remove regulatory duty on tyres.

Published 05 May, 2020 12:06am

Stocks

STR becomes operational from April 30

The Securities and Exchange Commission of Pakistan (SECP) has notified that Secured Transaction Registry (STR) has become operational from April 30, 2020.

Published 05 May, 2020 12:06am

Government given one week to formulate uniform policy

The Supreme Court once again emphasized for national policy and gave one-week to the federal and provincial governments to formulate uniform policy to deal with the coronavirus pandemic, which so far, has claimed 466 people's lives.

Published 05 May, 2020 12:06am

Stocks

PSX hit by profit-booking: BRIndex100 edges down

Pakistan Stock Exchange Monday saw a declining trend due to selling in various sectors by local and foreign investors.

Published 05 May, 2020 12:06am

New tribunal being set up: Nepra to be stripped of appellate powers

The federal government has reportedly decided to withdraw appellate powers from the National Electric Power Regulatory Authority (Nepra) by establishing a full-fledged independent appellate tribunal for the power sector.

Published 05 May, 2020 12:06am

China says Pompeo 'insane'

China's state broadcaster CCTV on Monday attacked US Secretary of State Mike Pompeo's "insane and evasive remarks" over the origins of the coronavirus pandemic, further fuelling Sino-US tensions.

Published 05 May, 2020 12:06am

IPPs inquiry commission put on ice

The government has reportedly decided to put on ice the inquiry commission on Independent Power Producers (IPPs) tasked to conduct a thorough probe and the release of the inquiry report for at least two months aimed at using the report as bargaining chip

Published 05 May, 2020 12:06am

Rs 200 billion Pakistan Energy Sukuk-II launched

In a bid to ensure transparency and competitive bidding, the government has launched the first-ever Rs 200 billion Shariah-compliant debt instrument - Pakistan Energy Sukuk-II (PES-II) - through Pakistan Stock Exchange (PSX).

Published 05 May, 2020 12:06am

Banking spreads down by 49 bps on YoY

Weighted average banking spreads continued their downward momentum and declined by 49bps on year-on-year and 18bps on month-on-month basis in March 2020.

Published 05 May, 2020 12:06am

Digital banking grows sharply during lockdown

The use of digital channels for banking transactions has witnessed significant growth in the recent crisis of Covid-19 pandemic.

Published 05 May, 2020 12:06am

Banks to use post-'quarantine' cash

The State Bank of Pakistan (SBP) on Monday allowed the banks for use of quarantined cash, which have completed quarantine period of fourteen (14) days.

Published 05 May, 2020 12:06am

Money & Banking

THE RUPEE: Firm trend

Pakistan Rupee appreciated on Monday in both interbank and open markets against major currencies.

Published 05 May, 2020 12:06am

Trump leadership void on South Asia persists as Wells retires

The acting top US diplomat for South Asia announced her retirement Sunday, as President Donald Trump looks increasingly likely to go a full term without a Senate-confirmed State Department official focused on the subcontinent.

Published 05 May, 2020 12:06am

PIA clarifies

PIA management in a press release issued on Monday clarified its stance for derecognizing the numerous associations working in PIA and encroaching in the management of the company without any legal basis, baring the trade unions or CBA which has a constit

Published 05 May, 2020 12:06am

Vaccine telethon raises billions

Hopes rose in the fight against the coronavirus on Monday as world leaders pledged billions of euros for a vaccine in a special telethon and European countries edged out of lockdown. Despite US President Donald Trump snubbing the fundraising effort, the W

Published 05 May, 2020 12:06am

SHC told: Textile mills unable to pay wages to employees due to lockdown

The textile mills are not able to pay wages to their employees as ordered by the Sindh government due to the shutting down of their units because of the lockdown, the Sindh High Court (SHC) was informed here on Monday.

Published 05 May, 2020 12:06am

Compulsory certification: Government decides to include 61 food, non-food items

The government has decided to include 61 food and non-food items in the compulsory certification mark scheme of Pakistan Standards and Quality Control Authority (PSQCA), a statutory body working under the administrative control of Ministry of Science and

Published 05 May, 2020 12:06am

No new currency notes this Eid: SBP

The State Bank of Pakistan (SBP) has announced suspension of fresh currency notes to general public on Eid-ul-Fitr 2020.

Published 05 May, 2020 12:06am

NAB quizzes Shehbaz, asks him to reappear on June 2

Pakistan Muslim League-Nawaz (PML-N) president and the Leader of the Opposition in the National Assembly, Shehbaz Sharif, on Monday appeared before the National Accountability Bureau (NAB) in the "money-laundering and assets beyond known sources of income

Published 05 May, 2020 12:06am

Insurance cos: Net retained exposure limit, collateral requirements revised

The Securities and Exchange Commission of Pakistan (SECP) has revised net retained exposure limit and collateral requirements for insurance companies. The SECP has issued S.R.O. 345 (I)/2020 Tuesday to amend Credit and Suretyship (Conduct of Business) Rul

Published 05 May, 2020 12:06am

Expo 2020 Dubai postponed till October 2021

The Expo 2020 global trade fair, hosted by Dubai, has been postponed by a year due to the coronavirus outbreak and will be held from October 1, 2021, to March 31, 2022, the Paris-based organiser said Monday. The six-month, multibillion-dollar global innov

Published 05 May, 2020 12:06am

Three major demands of cellular firms accepted

The government has accepted three major demands of cellular companies including industry status, suspension of 12.5 percent withholding tax, and grant/auction of additional spectrum.

Published 05 May, 2020 12:06am

Major-General Syed Aamir made HIT Board Chairman for four years

The government has decided to appoint Major-General Syed Aamir Raza as Chairman Heavy Industries Taxlia Board for four years.

Published 05 May, 2020 12:06am

First two days of current month: Massive shortage of petrol, HSD acknowledged

The Petro-leum Division acknowledged that there were massive shortage of petrol and high-speed diesel (HSD) on first two days of current month after sizeable reduction in petroleum prices.

Published 05 May, 2020 12:06am

Letters

Corona days and nights

"The mask of the glittery world has slipped. Behind the pomp and grandeur of the booming lifestyles is the stark reality of a world that can no longer pretend that 'all was, and is well'. The pursuit of unlimited wants and desires had on one hand led to u

Published 05 May, 2020 12:06am

Articles

How commoners can cope with price hike

Even thinking or talking of any remedies how to grapple with the spiraling and uncontrollable price hike is a very tough ask, what to talk of actually implementing fanciful ideas and solutions for the rocketing prices indeed! While inflation is round-the-

Published 05 May, 2020 12:06am

Articles

Lives versus livelihoods

The great dilemma for all governments in the thick of the COVID-19 pandemic is how to balance lives versus livelihoods. This dilemma is particularly acute for countries such as Pakistan, where the absence of universal healthcare and a social security syst

Published 05 May, 2020 12:06am

Articles

IMF's optimism

Pakistan has been able to get access recently to the IMF's Rapid Financing Facility in light of the adverse impact of the Covid-19 on the 'lives and livelihoods' of the people in the country. This quick support from the IMF must be appreciated. The amount

Published 05 May, 2020 12:06am

Lockdown controversy

Since the coronavirus pandemic struck, the controversy over what kind of lockdown was necessary, affordable, and viable has continued to rage. Two protagonists on opposite sides of the debate have been the federal and Sindh governments. The latter kicked

Updated 08 May, 2020 03:33am

Short-term strategic domains

The reconstituted think-tank set up by the Prime Minister under the chairmanship of Advisor to the Prime Minister on Finance, Dr Hafeez Sheikh, met for the third time and proposed six priority domains including (i) boosting social safety nets (Ehsaas prog

Published 05 May, 2020 12:06am

City lacks fire safety measures: Mayor

Mayor Karachi Wasim Akhtar Monday said that there are no fire safety measures at Karachi's factories, educational institutions, markets and other multi storey buildings which could endanger lives and properties in case of any fire.

Published 05 May, 2020 12:06am

PML-N rejects NAB's statement

PML-N Secretary Information, Marriyum Aurangzeb, while rejecting the NAB's statement, has said that Shehbaz Sharif has answered all of the NAB's queries and has submitted them in writing as well, said a press release issued on Monday.

Published 05 May, 2020 12:06am

Pakistan emphasises on need to reduce violence in Afghanistan

Pakistan has emphasised the need for reducing violence in Afghanistan with a view to advance the peace process following the US and Taliban accused each other of not honouring the Feb 29 peace deal.

Published 05 May, 2020 12:06am

Abbasi moves IHC seeking protective bail

Former prime minister Shahid Khaqan Abbasi on Monday moved the Islamabad High Court (IHC) for protective bail in the National Accountability Bureau (NAB) reference against him for making an illegal appointment.

Published 05 May, 2020 12:06am

Pakistan rejects Indian contention over SC verdict on GB election

Pakistan on Monday dismissed Indian 'baseless and fallacious contention' regarding the Supreme Court of Pakistan's verdict allowing general elections in Gilgit-Baltistan, as the two sides summoned each other's diplomats.

Published 05 May, 2020 12:06am

JI supports traders' protest in Sindh

Jamaat-e-Islami [JI] on Monday announced to hold a protest demonstration with traders today to press the Sindh government for ease in lockdown restriction on businesses.

Published 05 May, 2020 12:06am

Taxes

April 7 to May 9: GD filing's time for all IGMS extended

The Federal Board of Revenue (FBR) on Monday directed collectors of Customs to further extend the time for filing of goods declaration for all IGMS filed between April 7, 2020, to May 9, 2020.

Published 05 May, 2020 12:06am

Business & Economy

Emirates SkyCargo scales up its operations in Pakistan

Emirates SkyCargo has scaled up its operations in Pakistan, showing unwavering commitment to ensure transportation of essential commodities such as food and medical supplies to and from the country, despite the capacity and operational challenges brought

Published 05 May, 2020 12:06am

Commodities

Sugar and wheat crises: Forensic report may face further delay

The forensic report on sugar and wheat crises may face further delay as one of the members of the commission has tested positive for deadly coronavirus.

Published 05 May, 2020 12:06am

Covid-19: Nationwide death toll crosses 476: NCOC

Nationwide death toll due to Covid-19 has crossed 476, while confirmed cases have surged past 20,800 of which over 5,600 have recovered, the National Command and Operation Centre (NCOC) said.

Published 05 May, 2020 12:06am

Business & Economy

Insurance guarantee be accepted as containers' deposits: APCAA

All Pakistan Customs Agents Association (APCAA) has urged the government to direct shipping companies to accept insurance guarantee as containers' deposits to facilitate the trade during Covid-19 crisis.

Published 05 May, 2020 12:06am

40 stranded Pakistanis depart Colombo for home

Another group of 40 stranded Pakistanis left here for home via Sri Lankan Airlines flight UL-1185 on Monday. Second Secretary (Political), Ayesha Abubakar Fahad, was present at the Bandaranaike International Airport on behalf of the High Commissioner to s

Published 05 May, 2020 12:06am

Energy

Alternative energy in advance category: CCoE approves placement of various power project comapnies

A meeting of the Cabinet Committee on Energy (CCoE) has approved placement of various power project companies of alternative energy in advance category, and directed Ministry of Petroleum weigh financial feasibility of offshore stock of petroleum products

Published 05 May, 2020 12:06am

Business & Economy

Construction of high-rise buildings: Aviation Division relaxes requirements: minister

Federal Minister for Aviation Division Ghulam Sarwar Khan on Monday said that the Aviation Division has relaxed the requirements for the construction of high-rise buildings to enhance the ease of doing business. A high level meeting chaired by Ghulam Sarw

Published 05 May, 2020 12:06am

Commodities

Covid-19 pandemic likely to delay mango export

Mango export from Pakistan is expected to start late due to Covid-19 Pandemic. Former Chairman of FPCCI Standing Committee on Agriculture, Ahmad Jawad has urged the government to allow Labourers from South Punjab to travel and work in mango farms to save

Published 05 May, 2020 12:06am

Sindh government will adopt all measures to save people, says minister

Sindh Minister for Information Syed Nasir Hussain Shah has said regardless of whether the federal government was unjustifiably defaming the Sindh government or the media was criticizing baselessly, the Sindh government would adopt all the precautionary me

Published 05 May, 2020 12:06am

417 new cases emerge; seven more deaths reported in Sindh

Sindh Chief Minister Syed Murad Ali Shah has said that coronavirus situation is on the rise in the province as we have detected 417 cases when conducted 2571 tests which constitutes 16.2 percent of the tests.

Published 05 May, 2020 12:06am

Stocks

Sovereign Income Category: NIT-GBF becomes largest & best performing fund

NIT's Government Bond Fund (NIT-GBF) has earned the distinction of becoming both the largest and best performing fund in highest rated Sovereign Income category with AUMs exceeding Rs 4.8 billion and YTD annualized return of 18.05% as on 30th April 2020.

Published 05 May, 2020 12:06am

MQM-P urges governments to open business activities

Muttahida Qaumi Movement-Pakistan (MQM-P) Monday urged federal and provincial governments to accept the demands of business community for resumption of trade under standard operating procedures (SOPs).

Published 05 May, 2020 12:06am

Business & Economy

KCCI chief urges shipping lines, agents to waive detention charges

To support the consignees in Pakistan during the ongoing difficult times, Karachi Chamber of Commerce & Industry (KCCI) president Agha Shahab Ahmed Khan has urged all shipping lines and their agents in Pakistan to give total waiver of detention charges an

Published 05 May, 2020 12:06am

PTCL fights against Covid-19 with Rs 1.9 billion relief package

Pakistan Telecommunication Company Limited Group, one of the country's largest telecom groups and backbone of connectivity in Pakistan, is undertaking a comprehensive Coronavirus relief and support effort worth PKR 1.9 Billion. The package aims to help pe

Published 05 May, 2020 12:06am

Business & Economy

'Bribe' for permission: Industrialists, exporters reject allegations against Sindh government

Industrialists and exporters have rejected allegations on Sindh government for taking bribe from exporting units for the issuance of permission to commence operations.

Published 05 May, 2020 12:06am

Money & Banking

Low-income households: NBP joins hands with NBMFIs, PMN and PMIC

National Bank of Pakistan (NBP) hosted a Virtual Roundtable meeting on April 23, 2020 to discuss the issues and challenges facing the Non-Bank Microfinance Institutions (NBMFIs) and their customers as a consequence of the economic slowdown due to COVID-19

Published 05 May, 2020 12:06am

Business & Economy

Shaista Bano assumes charge as CCP chairperson

Shaista Bano Gillani has taken charge as the Chairperson, Competition Commission of Pakistan (CCP). The Finance Division on Monday issued a notification after the federal cabinet in its meeting held on 28 April 2020 approved the appointment of Shaista Ban

Published 05 May, 2020 12:06am

Taxes

PTAA moves FBR Member for credit of tax refunds

Pakistan Tax Advisors Association (PTAA) has approached Nadeem Hussain Rizvi new Member (Inland Revenue Operations), Federal Board of Revenue (FBR) for immediate credit of income tax refund amount into taxpayers' bank accounts where refunds have been conf

Published 05 May, 2020 12:06am

Capital reports no new case of Covid-19

The federal capital has reported no new case of Covid-19 on Monday for the first time since April 7.

Published 05 May, 2020 12:06am

NADRA offices resume operations across country

On the approval of the federal government, the National Database and Registration Authority (NADRA) offices resumed operations across the country to facilitate beneficiaries of the Ehsaas Emergency Cash programme who were facing problems in withdrawing ca

Published 05 May, 2020 12:06am

Business & Economy

President approves amendments to Companies Act to facilitate startups

President Dr Arif Alvi has approved amendments to Companies Act 2017 to provide an enabling regulatory framework to facilitate startups in Pakistan. These amendments were proposed by the Securities and Exchange Commission of Pakistan (SECP) to help promot

Updated 06 May, 2020 10:48am

Business & Economy

PM, Ethiopian counterpart discuss debt relief matters

Prime Minister Imran Khan, today, held a telephone conversation with Prime Minister Abiy Ahmed Ali of Ethiopia, said a press release issued on Monday. In the context of Pakistan's "Engage Africa" policy, the prime minister emphasized the importance of clo

Published 05 May, 2020 12:06am

Articles

Partly Facetious: A Bilwalite!

"The Prime Minister must take action immediately because it would be a great loss to the country and..."

Published 05 May, 2020 12:06am

AC adjourns proceedings against Hamza till 12th

An accountability court on Monday adjourned proceedings into Ramzan Sugar Mills and illegal assets/money laundering cases against Leader of Opposition in Punjab Assembly Hamza Shahbaz till May 12.

Published 05 May, 2020 12:06am

Developing countries: President urges developed states to extend financial aid

President Dr Arif Alvi on Monday called upon the developed countries to extend financial relief to the developing countries to manage the consequences, resulting in the Covid-19 crisis.

Published 05 May, 2020 12:06am

Business & Economy

EFP voices concern over ban on export of edibles

Employers Federation of Pakistan (EFP) president and Economic Council chairman Ismail Suttar has recorded protest on the recent ban on food edibles for two weeks by the Prime Minister Imran Khan and the cabinet and demanded to lift the ban in favour of co

Published 05 May, 2020 12:06am

Brief Recordings

Abbott Laboratories Pakistan Limited

Abbott Laboratories Pakistan Limited's (PSX: ABOT) history in the country dates back to Pakistan's inception. It was established in 1948, initially as a private marketing company. Over the years it has grown, and expanded operations, with two manufacturin

Updated 05 May, 2020 05:13am

Money & Banking

HK economy shrinks record 8.9 percent

Hong Kong suffered its worst quarterly contraction since modern records began, official figures showed Monday, as the coronavirus outbreak hammered an economy already mired in recession from political unrest and trade war woes.

Published 05 May, 2020 12:06am

Global Business Economy

France refuses coronavirus funds to Amazon in labour dispute

France's labour ministry said Monday that it denied a request by Amazon for emergency funds to pay employees during the coronavirus crisis, after the US giant shut its warehouses over a court order to sell only essential items.

Published 05 May, 2020 12:06am

Global Business Economy

Air Canada's Q1 loss surpasses Can $1 billion

Air Canada on Monday announced a loss of more than Can $1 billion (US $710 million) in the first quarter as the coronavirus pandemic shut down air travel worldwide.

Published 05 May, 2020 12:06am

Global Business Economy

Pandemic pushes Austrian unemployment to all-time high

The novel coronavirus pandemic has pushed the number of unemployed Austrians to historically high levels, according to official figures released Monday, with a year-on-year rise of almost 60 per cent.

Published 05 May, 2020 12:06am

Global Business Economy

Governments urged to deliver on global air mail

The collapse in passenger flights combined with a surge in online purchasing during the coronavirus crisis is slowing the delivery of air mail, the global aviation and postal industries warned Monday.

Published 05 May, 2020 12:06am

Global Business Economy

US factory orders post record drop; orders, inventories shrinking

New orders for US-made goods suffered a record decline in March and could sink further as disruptions from the novel coronavirus fracture supply chains and depress exports.

Published 05 May, 2020 12:06am

Global Business Economy

Turkish inflation dips

Turkish annual inflation fell below 11% in April as oil remained cheap and the coronavirus pandemic began to send the economy towards a mid-year slump, while separate data showed manufacturing and trade plunged.

Published 05 May, 2020 12:06am

Energy

Saudi chemical giant SABIC posts another loss

Saudi petrochemicals giant SABIC on Monday posted its second quarterly loss in a row for the three months to March, blaming low prices and a slump in demand due to coronavirus.

Published 05 May, 2020 12:06am

Money & Banking

Iran approves plan to cut four zeros from falling currency

Iran's parliament has passed a bill allowing the government to slash four zeros from the rial, Iranian state media reported on Monday, after a sharp fall in the value of the currency as a result of crippling US sanctions.

Published 05 May, 2020 12:06am

Sudan says US approves ambassador, first in two decades

Sudan announced Monday that the United States had approved Khartoum's pick of a veteran diplomat as ambassador to Washington, the first such envoy in over two decades.

Published 05 May, 2020 12:06am

In historic first, US Supreme Court to be broadcast live

After a pause occasioned by the coronavirus, the US Supreme Court will resume hearing cases Monday, but in a small revolution for the tradition-bound institution the justices will participate from home, with live audio broadcast on radio and television.

Published 05 May, 2020 12:06am

Iran charges Germany paying 'debt' to Israel with Hezbollah ban

Iran on Monday charged that Germany is repaying a "historical debt" to Israel after Berlin banned the activities of Lebanon's Hezbollah movement on its soil.

Published 05 May, 2020 12:06am

Afghanistan truck bomb kills five security personnel

Five members of Afghan security forces were killed in a bombing targeting their base, officials said Monday, just days after the US military warned the Taliban against unleashing violence.

Published 05 May, 2020 12:06am

Bahrain opens second field hospital on man-made island

After turning a car park into an intensive care unit for coronavirus patients, Bahrain has set up its second field hospital - on a man-made island.

Published 05 May, 2020 12:06am

Japan extends virus state of emergency until 31st

Japan's Prime Minister Shinzo Abe on Monday extended a state of emergency over the coronavirus until the end of May, warning it was too soon to begin relaxing restrictions.

Published 05 May, 2020 12:06am

Germany warns vaccine could take 'years'

Germany's health minister said developing a vaccine for the coronavirus could take "years", after Donald Trump predicted it could be achieved by the end of 2020.

Published 05 May, 2020 12:06am

World leaders urge cooperation in vaccine hunt, raise $8 billion

World leaders called Monday for cooperation not competition in the quest for a coronavirus vaccine, as they pledged 7.4 billion euros ($8.1 billion) at a fundraising telethon snubbed by the United States.

Published 05 May, 2020 12:06am

Commodities

Gold demand steady in Singapore, little action elsewhere

Physical bullion demand was steady in Singapore this week as investors sought cover from economic uncertainties due to the coronavirus, while activity wound down in top hub China ahead of a public holiday.

Published 05 May, 2020 12:06am

PMEX daily trading report

On Friday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,637.

Published 05 May, 2020 12:06am

Energy

US natural gas futures fall from 10-week high

US natural gas futures fell on Friday from a 10-week high on forecasts for demand and exports to decline because of government lockdowns to stop the spread of the novel coronavirus.

Published 05 May, 2020 12:06am

Business & Economy

Activities of Karachi Port and Port Qasim

The Karachi Port handled 30,588 tonnes of cargo comprising 23,746 tonnes of import cargo and 6,842 tonnes of export cargo including 1,848 loaded and empty containers during the last 24 hours ending at 0700 hours on Monday.

Published 05 May, 2020 12:06am

Cotton & Textile

Cotton spot rate falls by Rs 100

Traders in the cotton market are hopeful that situation in the cotton market will start improving very soon as the Punjab and Sindh governments have allowed the whole textile supply chain to start their operations.

Published 05 May, 2020 12:06am

Commodities

Vietnam's Jan-April coffee exports likely up

Vietnam's coffee exports in the first four months of the year likely rose 4.5% from a year earlier, while rice exports likely fell 7.9%, government data released on Wednesday showed.

Published 05 May, 2020 12:06am

Commodities

India's rice export prices hit 9-month high

Rice prices in top exporter India hit a nine-month high this week, boosted by a pick-up in demand from African countries even as supplies remain constrained due to coronavirus-led lockdowns, while droughts in Thailand supported rates in the absence of new

Published 05 May, 2020 12:06am

Stocks

HK stocks see worst day in 6 weeks

Hong Kong shares marked their biggest daily drop in six weeks on Monday, as investors braced for an escalation in US-China tensions and the release of the city's economic growth data.

Published 05 May, 2020 12:06am

Stocks

Most Gulf stocks decline; Aramco aids Saudi index

Most Gulf stocks ended lower on Monday, with the United Arab Emirates leading losses, as financials and real estate shares took a hit from the ongoing coronavirus crisis, while gains in oil giant Aramco helped the Saudi index buck the trend.

Published 05 May, 2020 12:06am

Stocks

SE Asian stocks fall

Southeast Asian stocks slipped on Monday as a flare-up in US-China tensions over the origin of coronavirus spooked investors globally, while Indonesia fell the most after disappointing inflation data.

Published 05 May, 2020 12:06am

Stocks

European stocks kick off May on dour note

European stocks ended lower on Monday as investors were greeted with fresh Sino-US tensions following a May Day break, after Washington threatened tariffs against China over the coronavirus.

Published 05 May, 2020 12:06am

Stocks

Monday's early trade: S&P, Dow keep falling

The S&P 500 and Dow Jones dropped for the third session on Monday following a US-China spat about the origins of the coronavirus outbreak, while major carriers slumped after billionaire Warren Buffett's Berkshire Hathaway dumped its stakes in the sector.

Published 05 May, 2020 12:06am

Stocks

Australian, NZ shares up

Australian shares settled higher on Monday, driven by gains in healthcare and industrial stocks, while payments technology company Afterpay surged more than 35% after unveiling China's Tencent Holdings as a shareholder.

Published 05 May, 2020 12:06am

Money & Banking

FTSE 100 ends lower on US-China tensions

Britain's FTSE 100 closed lower on Monday, as tensions between the United States and China over the origins of the coronavirus outbreak outweighed support from drugmakers and oil firms.

Published 05 May, 2020 12:06am

Money & Banking

Turkish lira down

The Turkish lira weakened to 7.0300 against the dollar in early trade on Monday to around its weakest levels since a currency crisis in August 2018 as the US currency rallied in markets globally.

Published 05 May, 2020 12:06am

Money & Banking

Early trade in New York: Dollar gains on renewed US-China trade tension

The US dollar rose on Monday, boosted by safe-haven flows as risk appetite waned amid fears that last year's US-China dispute will be reignited, this time over the novel coronavirus.

Published 05 May, 2020 12:06am

Money & Banking

Dollar surges against most majors in Europe

The US dollar surged against most major currencies on Monday amid fears that last year's US-China dispute will be re-ignited, this time over the novel coronavirus.

Published 05 May, 2020 12:06am

Money & Banking

Asian units slip on Sino-US tensions

Asian currencies slipped on Monday on growing tensions between the United States and China over the origin of the coronavirus, while the Malaysian ringgit weakened ahead of a central bank meeting and on a grim economic forecast for 2020.

Published 05 May, 2020 12:06am

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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