News Archives for Print - 2020-05-06

Print - 2020-05-06

April exports decline 47.24pc on MoM

The country's exports on month-on-month (MoM) basis have witnessed a 47.24 percent decline, from $1.814 billion to $957 million, during April 2020 against March 2020, the Pakistan Bureau of Statistic (PBS) said.

Published 06 May, 2020 12:04am

Reduction in CGT rates for two years under study

Keeping in view current stock market situation, the Securities and Exchange Commission of Pakistan (SECP) and Federal Board of Revenue (FBR) are working on a key budget proposal for reducing capital gains tax (CGT) rates for two years on disposal of liste

Published 06 May, 2020 12:04am

Rs 200 billion Sukuk: Book building to begin on 15th

The book building of Rs 200 billion Sukuk meant to partially clear energy sector circular debt will commence from May 15, 2020, a senior official of Power Division told Business Recorder. The book building, which was scheduled for May 4, 2020, has

Updated 06 May, 2020 10:52am

Red Cross looks to global influencers to fight virus 'infodemic'

The Red Cross on Tuesday launched what it said was the first global network of social media influencers to battle misinformation about the new coronavirus and spread lifesaving content about the pandemic.

Published 06 May, 2020 12:04am

Virus deaths top 250,000

The global death toll from the coronavirus pandemic topped a quarter of a million on Tuesday, with the US government predicting a further surge in fatalities as an international vaccine drive garnered $8 billion in pledges.

Published 06 May, 2020 12:04am

Death toll reaches 514 across country

Nationwide death toll from Covid-19 has reached 514, while confirmed cases surged to 22,063 of which over 5,782 have recovered, the National Command and Operation Centre (NCOC) said.

Published 06 May, 2020 12:04am

ADB to give $305m for social protection, health

The Asian Development Bank (ADB) would provide $305 million to Pakistan for social protection for the poor and public health emergency preparedness in the efforts to support the Covid-19 emergency relief services under the title "Emergency Assistance for

Published 06 May, 2020 12:04am

UAE: Government concerned at workers returning coronavirus-positive

Pakistan has raised concerns with the United Arab Emirates that workers are returning home from the Gulf nation with high rates of Covid-19 and that crowded living conditions in the UAE may be helping the virus to spread, its foreign ministry said.

Published 06 May, 2020 12:04am

Balochistan extends lockdown till 19th

The Balochistan government has extended the ongoing lockdown for 15 more days in view of the mounting coronavirus cases across the province. Balochistan government Spokesperson Liaquat Shahwani said that the coronavirus is spreading at an alarming rate an

Published 06 May, 2020 12:04am

Cabinet for softening lockdown

The federal cabinet on Tuesday decided to ease lockdown restrictions.

Published 06 May, 2020 12:04am

Stocks

Profit selling grips PSX: BRIndex100 inches up

Pakistan Stock Exchange Tuesday witnessed a positive trend on the back of fresh buying, mainly by local investors.

Published 06 May, 2020 12:04am

Stimulus scheme: German court hands ECB 3-month ultimatum

Germany's top court on Tuesday gave the ECB three months to justify bond purchases under its flagship stimulus programme or lose the Bundesbank as a participant, raising questions about both the scheme and the euro's future.

Published 06 May, 2020 12:04am

ECC to approve conversion of Rs136.5bn PHPL debts into public debt today

The Economic Coordination Committee (ECC) of the Cabinet which is scheduled to meet Wednesday (May 6) will approve conversion of Rs 136.5 billion debts of Power Holding Company Limited (PHPL) into public debt as per agreement with World Bank, sources in t

Published 06 May, 2020 12:04am

HSD shipments: Government likely to take step to avoid default

Finance Division is likely to transfer Rs 11.7 billion in NBP account to remit to Kuwait to avoid international default, well-informed sources in Petroleum Division told Business Recorder.

Published 06 May, 2020 12:04am

PSMA summoned by inquiry commission

The Sugar Inquiry Commission has summoned Sugar Mills Association (PSMA) on Thursday (tomorrow) for presenting its viewpoint on the sugar scam worth billions of rupees, after allegedly five sugar dealers have offered to turn approvers, well-informed sourc

Published 06 May, 2020 12:04am

Money & Banking

THE RUPEE: Slight recovery

Pakistan Rupee appreciated by a slight margin on Tuesday in both interbank and open markets. INTER-BANK MARKET RATES: Pakistan Rupee recorded no change in buying rate against USD while it went up by 50 paisas for selling closing at 159.50 and 160 for buyi

Published 06 May, 2020 12:04am

BRT project: SC extends stay, seeks reply from KP government

The Supreme Court on Tuesday extending stay against the Peshawar High Court (PHC) impugned judgment, sought reply from the Khyber-Pakhtunkhwa government about completion of the Bus Rapid Transit (BRT) Project.

Published 06 May, 2020 12:04am

UK reports second-highest toll

Britain on Tuesday overtook Italy with the second-highest number of coronavirus deaths worldwide after the US, as countries accelerated plans to ease lockdowns aimed at halting the deadly pandemic.

Published 06 May, 2020 12:04am

EU to beef up scrutiny of money-laundering risks, adds Panama to list

The European Commission aims to intensify its scrutiny of states posing money-laundering risks, and is looking into creating a new body to help police financial crime and monitor banks more strictly, draft documents seen by Reuters show.

Published 06 May, 2020 12:04am

'Illegal' appointment: Khaqan granted protective bail

Islamabad High Court (IHC) Tuesday granted protective bail to former Prime Minister Shahid Khaqan Abbasi in a reference filed by the National Accountability Bureau (NAB) against him for making an illegal appointment.

Published 06 May, 2020 12:04am

MoF kicks off process of hiring CCP members

The Finance Ministry has initiated the process of hiring members of the Competition Commission of Pakistan (CCP) for a period of three years and invited applications of professional persons.

Published 06 May, 2020 12:04am

Trump urges China to reveal all about origin of coronavirus

US President Donald Trump urged China on Tuesday to be transparent about the origins of the novel coronavirus outbreak that has killed more than a quarter of a million people since it started in the Chinese city of Wuhan late last year. Secretary of State

Published 06 May, 2020 12:04am

Sindh government launches 'People's Media Support Programme'

Sindh Information Minister Syed Nasir Hussain Shah said Chief Minister Syed Murad Ali Shah has launched People's Media Support Program (PMSP) under which all kind of relevant support would be provided to the media.

Published 06 May, 2020 12:04am

New York Times leads the way at 2020 Pulitzers

The New York Times picked up the most awards as the 2020 Pulitzer Prize winners were announced virtually on Monday owing to the coronavirus outbreak.

Published 06 May, 2020 12:04am

NA session to begin on Monday

The National Assembly session would be held on Monday under strict adherence of health guidelines and SOPs for ensuring safety of the members and the staff due to Covid-19. The decision for holding National Assembly session on May 11 (Monday) at 3pm has b

Published 06 May, 2020 12:04am

Sales of OMCs down by 35pc YoY

The sales of Oil Marketing Companies (OMCs) for the month of April 2020 stood at 1.07 million tons, down by 35 percent on year-on-year basis as compared to 1.65 million tons in the same month in 2019.

Published 06 May, 2020 12:04am

Akhtar says would coach any nation - even India

Former cricketer Shoaib Akhtar said he is ready to coach fast bowlers from any country - even if an offer from arch-rivals India came his way.

Published 06 May, 2020 12:04am

ISP does not fall under Nepra's purview, SHC told

The National Electric Power Regulatory Authority (NEPRA) on Tuesday informed the Sindh High Court (SHC) that issue of Industrial Support Package (ISP) does not fall under its purview, and it pertains to the federal government.

Published 06 May, 2020 12:04am

Letters

'Crude estimations of SMEs survival'

This is apropos a Business Recorder analysis "Crude estimations of SMEs survival" carried by the newspaper in its Analyses and Comments section the other day. It has argued, among other things, "Granted that the government does not have time for a

Published 06 May, 2020 12:04am

Articles

Virus could keep theatres shut for a year, producers warn

To reopen, or not to reopen with social distancing? That is the question haunting theatres and cinemas that were shuttered overnight by coronavirus lockdowns.

Published 06 May, 2020 12:04am

Articles

Covid-19 has killed the IMF backlash?

Just as Covid-19 may have killed the tech backlash (as reported in The Economist), it may have also killed the IMF backlash (on-going since August'19) in this country. The politicians, media, gurus, businessman and speculators are heaving a sigh of relief

Published 06 May, 2020 12:04am

Articles

Economy in a federal framework

When a federal state tries to manage its economy using a centrist financial system the result would certainly be no better than what Pakistan had experienced during its first 63 years leading to 2010 when the 7th National Finance Commission (NFC) Award wa

Published 06 May, 2020 12:04am

The state of human rights

Annual reports put out by the Human Rights Commission of Pakistan (HRCP) on the state of human rights hold a mirror to this state and society. The image they portray is pretty disturbing. The latest report says Pakistan has failed to protect its most vuln

Published 06 May, 2020 12:04am

Smart way to relax lockdown

Planning and Development Minister Asad Umar was right when he observed that many thousands of people had died so far in Europe and the US yet they were 'relaxing their lockdowns to run their economies', implying that the same should be done in Pakistan de

Updated 08 May, 2020 03:32am

'Hamdard' marks Youm-e-Babul Islam

Signifying the importance of 10th Ramazan, Hamdard chairperson Sadia Rashid paid tribute to Muhammad bin Qasim for his bravery and valor.

Published 06 May, 2020 12:04am

Indigenous Kashmiri resistance: Pakistan rejects Indian allegations

Pakistan on Tuesday rejected Indian allegations relating to indigenous Kashmiri resistance, saying that attributing the recent incidents of this indigenous resistance to any alleged "infiltration" is a travesty.

Published 06 May, 2020 12:04am

Qureshi phones Omani FM

To exchange views on the Covid-19 pandemic and its repercussions, Foreign Minister Shah Mahmood Qureshi held a telephonic conversation with Foreign Minister Yusuf bin Alawi bin Abdullah of the Sultanate of Oman.

Published 06 May, 2020 12:04am

Stocks

Microfinance industry needs to boost resilience, risk management: SECP

SECP Chairman, Aamir Khan emphasized that in these challenging times the development of microfinance industry depends upon the resilience and risk management, achieved through quintessential pillars of liquidity-tapped through private capital and technolo

Published 06 May, 2020 12:04am

Ban on Youm-e-Ali processions: SHC issues notices to Home Department, IGP

Sindh High Court on Tuesday issued notices to provincial Home Department and Inspector General of Police in a plea, challenging the home department's notification that restricted Youm-e-Ali processions in view of Corona virus pandemic.

Published 06 May, 2020 12:04am

DG ISPR warns of worsening situation amid LoC violations

Director General ISPR Major General Babar Iftikhar has warned that India's unchecked violations on the Line of Control are worsening the situation in region.

Published 06 May, 2020 12:04am

Number of Covid-19 cases increasing in KP: PPP

Senior leaders of the Pakistan People's Party (PPP) Khyber-Pakhtunkhwa (KP) have said that due to low testing capacity in the province, the number of the Covid-19 patients is increasing.

Published 06 May, 2020 12:04am

Punjab government to ease lockdown restrictions from May 9

The Punjab government is learnt to have decided in principle to further ease lockdown restrictions from May 9.

Published 06 May, 2020 12:04am

ICT admn restricts lockdown directives

With the number of Covid-19 positive cases rising in the federal capital and surrounding areas, the Islamabad Capital Territory (ICT) Administration on Tuesday started dealing strictly with the violators who set aside the directives of closure of all shop

Published 06 May, 2020 12:04am

JI for opening of businesses in Sindh

Jamaat-e-Islami (JI) on Tuesday staged a stationary protest in the city to support traders' demand for the businesses resumption during the lockdown.

Published 06 May, 2020 12:04am

Ceasefire violations along LoC: Indian diplomat summoned again

Pakistan summoned a senior Indian diplomat yet again on Tuesday, and lodged with him a strong protest over the continued unprovoked ceasefire violations by the Indian forces along the Line of Control (LoC).

Published 06 May, 2020 12:04am

Business & Economy

Trading community unable to continue corona lockdown: FCCI President

"Enough is enough". The trading community has bravely faced the brunt of unprecedented corona lockdown but now they are unable to continue it any more.

Published 06 May, 2020 12:04am

Admissions of MBBS and BDS in private colleges: LHC directs UHS display final list on website

The Lahore High Court on Tuesday directed the University of Health Sciences (UHS) to display on its website, final list of admissions made on upgraded seats of MBBS and BDS in private colleges.

Published 06 May, 2020 12:04am

Sikh woman: LHC for production of computerized birth certificate

The Lahore High Court on Tuesday directed the counsel of a petitioner Muhammad Hassan to produce computerized birth certificate of a Sikh woman by May 22 who married to the petitioner.

Published 06 May, 2020 12:04am

Articles

Partly Facetious: The Tigers without pay

"So what's all this about standard operating procedures, SOPs?"

Published 06 May, 2020 12:04am

Business & Economy

PM urged to reduce power tariffs

President of Korangi Association of Trade & Industry (KATI), Sheikh Umer Rehan, has urged Prime Minister Imran Khan to reduce electricity tariff to 30 percent as oil prices has been reduced locally and internationally.

Published 06 May, 2020 12:04am

Business & Economy

FPCCI calls for accelerating growth in agriculture sector

In its budget proposal for the fiscal year 2020-21, the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has said that accelerated farm mechanization is an important element for accelerating growth in the agriculture sector.

Published 06 May, 2020 12:04am

Fire breaks out at business centre

A massive fire broke out at the 11th floor of a business centre on the I I Chundrigar Road here on Tuesday morning, however no loss of life was reported.

Published 06 May, 2020 12:04am

11 more coronavirus patients died: Murad

Sindh Chief Minister Syed Murad Ali Shah has said that 307 new cases of the coronavirus have been detected in the province while 11 more people died, taking the death toll to 148.

Published 06 May, 2020 12:04am

Business & Economy

33% labor wages, incentives by KDLB at KPT: Chairman UBG Sindh voices concern over increase

Chairman United Business Group (UBG) Sindh and former Senior Vice President of FPCCI, Khalid Tawab has expressed his concern over increase of 33% labor wages and other incentives by Karachi Dock Labor Board (KDLB) at Karachi Port Trust which has become ef

Published 06 May, 2020 12:04am

Business & Economy

Budget proposals: OICCI urges government to consolidate all federal taxes

Overseas Investors Chamber of Commerce and Industry (OICCI) has submitted its budget proposals to the federal government, urging authorities to consolidate all federal taxes, including income tax and levies like Workers Welfare Fund, Workers Profit Partic

Published 06 May, 2020 12:04am

193 stranded Pakistanis return home from India via Wagah border

A group of 193 Pakistanis, who were stranded in various parts of India due to the coronavirus and subsequent lockdown, were repatriated via Attari-Wagah border on Tuesday.

Published 06 May, 2020 12:04am

CRTF volunteers may face financial, logistic challenges

The newly-formed Corona Relief Tiger Force (CRTF) formed by Prime Minister Imran Khan in the battle against the coronavirus is facing serious challenges involving finances and logistics in the wake of no salary and transportation being provided to the vol

Published 06 May, 2020 12:04am

Business & Economy

Getz Pharma launches 'Care for Heroes' drive

Getz Pharma under its "Care for Heroes" initiative to combat corona virus in healthcare facilities, is disinfecting over 8,000 clinics, 650 hospital wards and conducting free screening tests of more than 25,000 doctors across Pakistan.

Published 06 May, 2020 12:04am

Business & Economy

Railways mull restoring passenger train operations from 10th

Pakistan Railways is mulling restoration of passenger traffic operations from May 10 under certain Standard Operating Procedures (SOPs) introduced to ensure efficient and safe travel for commuters as well as train & railway staff in the wake of coronaviru

Published 06 May, 2020 12:04am

Commodities

Ministry says wheat procurement drive is slow

Ministry of National Food Security and Research has said wheat procurement drive is slow this year, suggesting that law enforcement agencies may be sensitized to curb hoarding and price hike.

Published 06 May, 2020 12:04am

Plea for refinance facility to combat other diseases

An activist for thalassemia eradication from Pakistan, Ateeq-ur-Rehman, has suggested that a refinance facility for combating other diseases should be available and encouraged by the SBP to fight diseases like blood disorders, thalassemia, dengue, malaria

Published 06 May, 2020 12:04am

Business & Economy

Government set to finalize cash flow support plan for MSMEs

The federal government is set to finalize cash flow support plan for micro, small & medium enterprises (MSMEs) to disburse Rs 300 billion including Rs 12000 per head cash transfer to six million daily wagers, payment of six months electricity bills, and r

Published 06 May, 2020 12:04am

Brief Recordings

Sanofi Aventis Pakistan Limited

Sanofi Aventis Pakistan Limited (PSX: SAPL) was established in Pakistan in 1967 as Hoechst Pakistan, manufacturer of pharmaceuticals and specialty chemicals. After a number of changes of business, mergers and acquisitions, it stands today as Sanofi-Aventi

Updated 06 May, 2020 05:31am

Global Business Economy

General Electric to cut 10,000 aviation jobs

General Electric announced Monday it will cut an additional 10,000 jobs from its aviation sector as the coronavirus pandemic decimates the industry, forcing companies to cancel orders.

Published 06 May, 2020 12:04am

Global Business Economy

Canada trade deficit widens

Despite keeping its borders open for goods shipments during the coronavirus pandemic, Canadian trade fell in March while its trade deficit widened to Can$1.4 billion (US$1 billion), according to data released Tuesday.

Published 06 May, 2020 12:04am

Money & Banking

Malaysia slashes rates

Malaysia's central bank on Tuesday slashed interest rates to their lowest level since the 2009 global financial crisis as the coronavirus pandemic batters the economy.

Published 06 May, 2020 12:04am

Global Business Economy

Indonesia economy sees weakest growth in almost two decades

Indonesia's economy grew in the first quarter at its slowest pace for almost two decades, and economists warned Tuesday the coronavirus crisis would likely deal an even greater blow in the next three months.

Published 06 May, 2020 12:04am

Global Business Economy

Virgin Atlantic cuts over 3,000 jobs

Virgin Atlantic will cut over 3,000 jobs - around a third of staff - as the coronavirus pandemic grounds planes worldwide, the British carrier part-owned by tycoon Richard Branson announced Tuesday.

Published 06 May, 2020 12:04am

Global Business Economy

US trade deficit widens, services sector contracts

The US trade deficit increased by the most in more than a year in March as a record drop in exports offset a shrinking import bill, suggesting the novel coronavirus outbreak was upending the global flow of goods and services.

Published 06 May, 2020 12:04am

Global Business Economy

UK car sales crash to 1946 low as virus slams economy

Sales of new cars in Britain plunged 97 percent in April, striking the lowest level since 1946, as coronavirus fallout slams the brakes on economic output, data revealed Tuesday.

Published 06 May, 2020 12:04am

Syria strikes kill 14 Iranian, allied fighters

Overnight strikes on positions held by Iranian-backed militias and their allies in eastern Syria killed 14 fighters, a war monitor said on Tuesday.

Published 06 May, 2020 12:04am

Mexico thanks 'friend' Trump for virus ventilators

Mexico's government thanked US President Donald Trump on Tuesday and called him a "friend" for providing support to help the country tackle the coronavirus pandemic.

Published 06 May, 2020 12:04am

US names new ambassador to EU

The United States on Tuesday named a new ambassador to the European Union, after the previous envoy was sacked following his testimony in President Donald Trump's impeachment hearing.

Published 06 May, 2020 12:04am

Tajik health minister fired as virus spreads

Tajikistan's health minister was sacked on Tuesday, as coronavirus cases surged in the former Soviet republic. Nasim Olimzoda lost his job after the authorities spent weeks playing down the threat the country faced from coronavirus.

Published 06 May, 2020 12:04am

Global Business Economy

Aviation industry opposes leaving middle seat empty

The global aviation body said Tuesday that the risk of catching COVID-19 on a plane was low and there was no need to leave the middle seat empty once the industry takes off again.

Published 06 May, 2020 12:04am

Philippines forces top media network off air

The Philippines' top broadcaster ABS-CBN was forced off air on Tuesday over a stalled operating licence renewal, drawing fresh accusations that the authorities are cracking down on press freedom.

Published 06 May, 2020 12:04am

'Promising' virus-fighting antibody found: study

An antibody that can stop the new coronavirus infecting cells in laboratory tests has been identified by researchers in the Netherlands, in what scientists say could help the development of therapies for COVID-19.

Published 06 May, 2020 12:04am

China says launch of key new space rocket 'successful'

China on Tuesday successfully launched a new rocket and prototype spacecraft, state media said, in a major test of the country's ambitions to operate a permanent space station and send astronauts to the Moon.

Published 06 May, 2020 12:04am

Energy

Asia's naphtha, gasoline plunge to 2-week low

Asia's naphtha crack plunged 68% on Monday to reach a two-week low of $11.13 a tonne as high volumes of western cargoes weighed while demand could slow this week due to holidays in key importing countries of China, South Korea and Japan.

Published 06 May, 2020 12:04am

Commodities

PMEX daily trading report

On Monday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,650.

Published 06 May, 2020 12:04am

Commodities

CBOT corn futures lower on fear of new US-China trade fight

Chicago corn futures ended lower on Monday, as rising tensions between Washington and Beijing raised concern about further demand risk, on top of coronavirus disruptions to biofuel and livestock feed markets.

Published 06 May, 2020 12:04am

Commodities

European wheat hits new six-week low

European wheat hit a new 6-week low on Monday on easing concerns of the upcoming crop following dry Spring weather, but pared losses as US markets recovered slightly and helped by strong export demand.

Published 06 May, 2020 12:04am

Business & Economy

Activities of Karachi Port and Port Qasim

The Karachi Port handled 70,380 tonnes of cargo comprising 65,739 tonnes of import cargo and 4,641 tonnes of export cargo including 2,151 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday.

Published 06 May, 2020 12:04am

Cotton & Textile

Traders hopeful about resuming business on cotton market

Traders are hopeful that very soon trading will resume on the cotton market as both provincial and federal governments had allowed different sectors to start their operations phase by phase.

Published 06 May, 2020 12:04am

Commodities

CBOT soyabean futures fall on sluggish exports

Chicago soyabean futures dropped sharply on Monday as market worries about coronavirus disruptions to livestock feed markets were exasperated by sluggish exports and rising US-China tensions.

Published 06 May, 2020 12:04am

Energy

US natural gas rises on cooler weather

US natural gas futures rose on Monday on forecasts for cooler weather and more heating demand over the next two weeks than previously expected and a slowing of output as drillers shut oil wells in shale basins due to the 67% collapse in crude prices since

Published 06 May, 2020 12:04am

Stocks

Australian, New Zealand shares end higher

Australian shares closed higher on Tuesday, as upbeat sentiment following the government's plans to further ease coronavirus-led restrictions outweighed grim forecasts from the central bank's policy meet.

Published 06 May, 2020 12:04am

Stocks

Most Gulf stocks up

Most stock markets in the Middle East gained on Tuesday, driven by rising oil prices amid hopes for a recovery in traffic and fuel demand as countries began to ease coronavirus lockdown measures.

Published 06 May, 2020 12:04am

Stocks

European shares surge

European stocks closed higher on Tuesday, shrugging off uncertainty over regional bond purchases as a swathe of positive earnings and an easing of coronavirus lockdown restrictions in some countries caused some optimism.

Published 06 May, 2020 12:04am

Stocks

Tuesday's early trade: Indexes jump as battered energy shares rise

Wall Street's main indexes jumped on Tuesday as a recovery in oil prices lifted battered energy stocks and a slew of countries eased coronavirus-induced restrictions in an attempt to revive their economies.

Published 06 May, 2020 12:04am

Stocks

Wall Street snaps two-day slump

US stocks ended higher on Monday as increases in large tech and internet companies and oil price gains outweighed concerns sparked by fresh US-China tensions and downbeat sentiment from the annual meeting of Warren Buffett's Berkshire Hathaway.

Published 06 May, 2020 12:04am

Stocks

Hong Kong shares up

Hong Kong shares closed higher on Tuesday after the Asian financial hub scaled back social distancing measures put in place to curb the spread of the pandemic, and as economies elsewhere also showed signs of re-opening businesses.

Published 06 May, 2020 12:04am

Stocks

Most SE Asian markets rise

Most Southeast Asian stock markets closed higher on Tuesday, with Philippines gaining the most after President Rodrigo Duterte apologised for his "hurting words" about two tycoons associated with some of the biggest companies in the country.

Published 06 May, 2020 12:04am

Stocks

Oil companies boost FTSE 100

A surge in big oil companies boosted Britain's FTSE 100 on Tuesday, with investors counting on a revival in economic activity as several countries emerged from coronavirus lockdowns.

Published 06 May, 2020 12:04am

Money & Banking

Asian currencies edge up

Asian currencies were mostly firmer on Tuesday, as easing lockdowns in some parts of the world offset worries about rising tensions between China and the United States.

Published 06 May, 2020 12:04am

Money & Banking

Sterling rebounds against dollar

Sterling rebounded against the dollar on Tuesday as demand eased for the US currency on the back of improving risk sentiment in global markets, allowing the pound to recover some of its 1.5% loss this month.

Published 06 May, 2020 12:04am

Money & Banking

Early trade in New York: Dollar gains against most major units

The dollar rose for a third straight session against most major currencies on Tuesday, bolstered by US services data last month that was better than market expectations.

Published 06 May, 2020 12:04am

Money & Banking

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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