News Archives for Print - 2020-05-09

Print - 2020-05-09

Government may issue infrastructure bonds: expert

The federal government can issue infrastructure bonds and municipal bonds for development projects to boost economic activity and mitigate the impact of Covid-19 spread.

Published 09 May, 2020 12:06am

Stay orders: PM asks FBR to finalise list of cases

Prime Minister Imran Khan has directed the Federal Board of Revenue (FBR) to immediately finalise the list of cases where stay orders have been granted by the high courts and the Supreme Court for early disposal of tax-related cases involving huge amounts

Published 09 May, 2020 12:06am

UN chief says coronavirus has sparked 'tsunami of hate and xenophobia'

UN Secretary-General Antonio Guterres called Friday for an "all-out effort" to end the "tsunami of hate and xenophobia" sparked by the novel coronavirus pandemic, without naming specific countries.

Published 09 May, 2020 12:06am

IMF predicts gross financing need at 51.2 percent of GDP

The International Monetary Fund (IMF) has projected Pakistan's gross financing need at 51.2 percent of the GDP in 2020. According to the IMF report Fiscal Monitor "Policies to Support People during the COVID-19 Pandemic," the country's debt to average mat

Published 09 May, 2020 12:06am

Payment of wages and salaries: 1100 application seeking Rs 90 billion financing in process

As many as 1100 application are in process with banks for Rs 90 billion financing under the Refinance Scheme for Payment of Wages and Salaries to the Workers and Employees of Business Concerns.

Published 09 May, 2020 12:06am

PM for out of the box solutions

While chairing a meeting to review the economic situation and future outlook of the economy in the wake of the Covid-19 situation, Prime Minister Imran Khan has underscored the need for out of the box solutions to deal with the present day economic challe

Published 09 May, 2020 12:06am

SBP expands scope of facility for industry

The State Bank of Pakistan (SBP) has allowed financing for Balancing, Modernization and Replacement (BMR) and expansion of existing projects under its Temporary Economic Relief Facility (TERF).

Published 09 May, 2020 12:06am

Stocks

KSE-100 Index depressed: BRIndex100 flat

Pakistan Stock Exchange Friday remained under pressure with extremely low trading activity as the investors remained cautious following concerns over the fast spread of the deadly coronavirus.

Published 09 May, 2020 12:06am

Weight of sugarcane: Sugar mills involved in 'illegal' deduction?

The Sugar Inquiry Commission is said to have found sugar mills involved in "illegal" deduction in weight of sugarcane under the garb of binding (Bandhan) top, trash and mud aimed at fleecing the growers, well-informed sources told Business Recorder.</i

Published 09 May, 2020 12:06am

US suffers biggest job losses in history

With shops and factories closed nationwide due to the coronavirus pandemic, nearly all of the jobs created in the US economy in the last decade were wiped out in a single month.
Published 09 May, 2020 12:06am

Covid-19 confirmed cases soar to 26,806 across Pakistan

The COVID-19 confirmed cases in Pakistan have jumped up by 2,158 during past 24 hours from 24,648 to 26,806 on Friday, while the corona-related deaths also jumped by 37 reaching 622, from 585 a day earlier.
Published 09 May, 2020 12:06am

CM underscores need for identical narratives

Sindh Chief Minister Syed Murad Ali Shah while addressing a press conference at Sindh Assembly building said that there was a dire need of unity and identical narrative to fight against coronavirus, otherwise we would not be able to get rid of this epidem
Published 09 May, 2020 12:06am

Sindh government won't lift lockdown on Monday

Sindh Chief Minister Syed Murad Ali Shah has categorically said that Sindh was not ending the lockdown on Monday and "we are entering the second phase of lockdown with some extra restrictions, particularly at hotspots." he said
Published 09 May, 2020 12:06am

Money & Banking
THE RUPEE: Slight recovery

Pakistani rupee appreciated by a slight margin on Friday against USD in interbank and open markets but it lost value in open market against Euro, AED and SR.
Published 09 May, 2020 12:06am

SPI inflation up 0.36 percent WoW

The weekly inflation during the week that ended May 7, 2020, against April 30, 2020 - week-on-week - witnessed an increase of 0.36 percent for combined income groups, ie, from 126.84 points to 127.30 points, Pakistan Bureau of Statistic (PBS) revealed.
Published 09 May, 2020 12:06am

Iran quake kills at least one, sparks panic in capital

An earthquake struck early Friday near Iran's highest peak and jolted Tehran, killing at least one person and injuring more than 20 as people ran for their lives. The shallow 4.6 magnitude quake hit at 00:48 am (2018 GMT) near the city of Damavand, about
Published 09 May, 2020 12:06am

Philip Morris MD lists factors behind FDI decline

Informal economic activities, lack of level playing field and unpredictable fiscal and regulatory environment discouraging foreign direct investment in Pakistan.
Published 09 May, 2020 12:06am

Indian faces trial for spying on Sikhs and Kashmiris in Germany

An Indian national will stand trial in Germany accused of spying on Sikh and Kashmiri communities for New Delhi's secret service, a court said Friday.
Published 09 May, 2020 12:06am

Bajwa, Khalilzad discuss regional security

US Special Representative for Afghan Reconciliation Mr Zalmay Khalilzad called on Chief of Army Staff (COAS) General Qamar Javed Bajwa on Friday. During the meeting, issues of mutual interest and overall regional security situation including Afghan reconc
Published 09 May, 2020 12:06am

Ehsaas Emergency Cash Programme: Fee for CNICs' cancellation of eligible deceased persons waived

National Database and Registration Authority (NADRA) has waived fee for the cancellation of CNICs (Computerised National Identity Cards) of those applicants who were declared eligible to receive financial assistance under Ehsaas Emergency Cash Programme b
Published 09 May, 2020 12:06am

Six FC personnel martyred in Buleda

Five Frontier Corps (FC) soldiers and one officer were martyred after their vehicle was targeted with an improvised explosive device (IED) near the Pakistan-Iran border, the military's media wing said on Friday.
Published 09 May, 2020 12:06am

Letters
India's ultra-right media

India's ultra-right media led by Arnab Goswami has stepped up its anti-Pakistan campaign in recent days with a view to diverting global attention from BJP government's utter failure to successfully subjugate Kashmiris even after turning the entire occupie
Published 09 May, 2020 12:06am

Articles
Biden allies told to attack Trump's stimulus as 'cronyism'

Allies of presumptive Democratic presidential nominee Joe Biden are being told to sharpen attacks on President Donald Trump's stimulus efforts as thinly veiled "cronyism," according to a memo being sent to Democratic officeholders and supporters on Friday
Published 09 May, 2020 12:06am

Articles
Back to school? Officials move warily as challenges loom

Authorities worldwide face the formidable challenge of returning millions of children to classrooms shut due to the coronavirus outbreak, weighing the need to limit the educational damage against the risks of fuelling a surge in new cases.
Published 09 May, 2020 12:06am

Articles
Free market tanks

"A quarter of French adults smoke. Many people were surprised, therefore, when researchers reported late in April that only 5% of 482 Covid-19 patients who came to the Pitié-Salpêtrière hospital in Paris between February 28th and April 9th were daily smok
Published 09 May, 2020 12:06am

Articles
Formal and non-formal education

The World Bank is reported to have stated that it will assist Pakistan in developing a new model of non-formal education which, it said, would combine literacy, labour market skills and life skills development for uneducated and illiterate children, youth
Published 09 May, 2020 12:06am

Another locust attack

It seems everybody including farmers, analysts, even the United Nations' Food and Agriculture Organisation (FAO) is worried about desert locust swarms, currently breeding in over 38 percent of the country, unleashing a second wave of attacks in all four p
Updated 09 May, 2020 01:41am

Covid-19: Socio and macroeconomic impact

A report prepared by the sub-committee of the National Coordination Committee for Covid-19 titled "Covid-19: Preliminary macroeconomic and socio-economic assessment" has projected a cumulative loss of 628 billion rupees by June not including the Federal B
Updated 09 May, 2020 01:40am

Energy
Relief package demanded for CNG sector

The Khyber Pakhtunkhwa chapter of the All Pakistan CNG Association here on Friday demanded of the government to announce a "special financial relief package" for the CNG sector which was bearing the adverse effects of the coronavirus pandemic.
Published 09 May, 2020 12:06am

Business & Economy
KP relaxes lockdown for construction sector industries

Advisor to KP CM on Information, Ajmal Khan Wazir has said that the provincial government has decided relaxation in lockdown for construction sector related industries.
Published 09 May, 2020 12:06am

Ehsaas Emergency Cash Programme: Rs 89.143 billion distributed among 7.307 million families so far in final phase

Some Rs 89.143 billion had been distributed among 7.307 million deserving families till Friday as the federal government launched the third and final phase of Ehsaas Emergency Cash Programme.
Published 09 May, 2020 12:06am

Maintainability of petition: IHC reserves judgement

The Islamabad High Court (IHC) on Friday reserved its verdict over the maintainability of a writ petition challenging the federal cabinet's decision of not including Ahmadis as non-Muslims in the National Commission for Minorities (NCM).
Published 09 May, 2020 12:06am

Coronavirus relief fund drive: FIEDMC chief appointed as special representative

Prime Minister Imran Khan appointed Faisalabad Industrial Estate Development and Management Company (FIEDMC) chairman Mian Kashif as special representative for coronavirus relief fund drive.
Published 09 May, 2020 12:06am

Senate session summoned on May 12th

Senate Chairman Sadiq Sanjrani on Friday summoned Senate session on May 12 after the opposition political parties submitted a requisition, seeking a session of the house to discuss the coronavirus pandemic in the country.
Published 09 May, 2020 12:06am

Contempt petition: SC directs DCs to file reports on land encroachment

The Supreme Court Friday sought comprehensive reports from deputy commissioners (DCs) of Jacobabad, Naseerabad and Sohbatpur on a contempt petition regarding encroachment of land.
Published 09 May, 2020 12:06am

Hot weather, humidity likely to continue

Heatwave spell ended on Friday but hot and humid weather will continue to grip the metropolis in the next 24 hours, according to the Met Office.
Published 09 May, 2020 12:06am

Tally of confirmed cases surges to 558 in capital

The Covid-19 cases are rising sharply in the capital and the tally of confirmed cases surged to 558 on Friday, while the government has announced to further ease lockdown from today (Saturday).
Published 09 May, 2020 12:06am

Pakistan summons diplomat over ceasefire violations

Pakistan summoned senior Indian diplomat and lodged a strong protest with him over the ceasefire violations by the Indian occupation forces along the Line of Control (LoC) resulting in serious injuries to six civilians.
Published 09 May, 2020 12:06am

Commodities
Exporters urge ministry to extend deadline of mango export

Exporters have requested the Ministry of Commerce to extend the date of export of mango by further twelve days fixing it at 1st June 2020 as the climatic change and lockdown have severely affected the mango crops.
Published 09 May, 2020 12:06am

NGO provides PPE kits to doctors

In continuation to the Covid-19 self protection programme of Serving Hands Organization (SHO) their COVID-19 team distributed bulk quantity of PPE kits, sanitizers, gloves, masks to the doctors, nurses and paramedics of Abbasi Shaheed Hospital and Karachi
Published 09 May, 2020 12:06am

Business & Economy
PM urged to cut power tariff

Patron-in-Chief Siraj Kassam Teli, Patron Zubair Motiwala and President Suleman Chawla of SITE Association of Industry have urged Prime Minister Imran Khan to order immediate cut of 30 percent in the tariff of K-Electric in the wake of lowest oil prices l
Published 09 May, 2020 12:06am

Covid-19: Psycho-social helpline assisting people to cope with stress

The counselling and psycho social Support helpline (1093) of Local Govt Department, Sindh Government, is helping the Covid-19 hit citizens to avoid mental depression and anxiety who have experienced quarantine and self-isolation period.
Published 09 May, 2020 12:06am

Cotton & Textile
PHMA chief welcomes PM's decision to ease lockdown

Pakistan Hosiery Manufacturers & Exporters Association (PHMA) chairman (Central) Salamat Ali appreciated the Prime Minister Imran Khan for opening the lockdown in phases terming the decision important and in the right direction.
Published 09 May, 2020 12:06am

Business & Economy
Emirates operates special flights to repatriate Pakistanis from UAE

The Emirates Airlines has operated special flights to repatriate Pakistanis nationals from the UAE. According to latest figures issued by government of Pakistan, over 13,000 Pakistanis working in the United Arab Emirates (UAE) lost their jobs due to covid
Published 09 May, 2020 12:06am

SHC seeks reply from government about decision on railway operation

The Sindh High Court (SHC) on Friday sought written reply from the federal government about the decision related to railway operation taken in the National Command and Control Authority meeting in the wake of the coronavirus.
Published 09 May, 2020 12:06am

Covid-19: Kamal questions transparency in relief funds' distribution

The counselling and psycho social Support helpline (1093) of Local Govt Department, Sindh Government, is helping the Covid-19 hit citizens to avoid mental depression and anxiety who have experienced quarantine and self-isolation period.
Published 09 May, 2020 12:06am

Plea for governmental efforts to eradicate thalassemia

A CSR activist for eradication of thalassemia, Ateeq-ur-Rehman, has said that Thalassemia Day demands that the government while fighting against Covid-19 should not ignore blood disorders and also take keen interest in eradication of thalassemia from the
Published 09 May, 2020 12:06am

Business & Economy
Development projects: Government releases Rs 541.63 billion under PSDP 2019-20

The federal government has released Rs 541.63 billion (77.3 percent) including Rs 109.29 billion foreign aid (85 percent) for various ongoing and new development projects under the Public Sector Development Programme (PSDP) 2019-2020 against the total bud
Published 09 May, 2020 12:06am

Locusts swarm in Hyderabad

The swarms of locusts have landed on agricultural fields as well as the residential localities of Hyderabad on Friday.
Published 09 May, 2020 12:06am

Stocks
SECP introduces concept of 'start-up companies'

The Securities and Exchange Commission of Pakistan (SECP) has introduced concept of "Start Up companies" to promote startup of new business relating innovation and technology through recently promulgated Companies (Amendment) Ordinance, 2020.
Published 09 May, 2020 12:06am

Taxes
Tax Laws (Amendment) Ordinance, 2020: IIP conducts online interactive session on PM's construction package

Iqbal Institute of Policy Studies Friday conducted an online interactive session to discuss Prime Minister Imran Khan's Construction Incentive Package under Tax Laws (Amendment) Ordinance, 2020, to increase the employment opportunities in the country amid
Published 09 May, 2020 12:06am

Commodities
PSM employees to get their salaries before Eid-ul-Fitr

Acting Chief Executive Officer (CEO), Capt. Sher Alam Mahsud (retired) said on Friday that the government will pay salaries to the employees of dysfunctional Pakistan Steel Mills (PSM) before Eid-ul-Fitr, within available financial resources.
Published 09 May, 2020 12:06am

Qureshi hosts inaugural 'FM Connect Digital'

In cognizance of the global nature of the Covid-19 pandemic and the need for a multi stakeholder global perspective and approach to address it, Foreign Minister Qureshi introduced FM Connect Digital: The Thought Leaders series.
Published 09 May, 2020 12:06am

Business & Economy
KP-EZDMC opens Industrial Facilitation Centre

Khyber Pakhtunkhwa Economic Zones Development and Management Company (KP-EZDMC) opened its first Industrial Facilitation Centre (IFC) at Hayatabad Economic Zone; Special Assistant to KP CM on Industries and Commerce, Abdul Karim Khan inaugurated the centr
Published 09 May, 2020 12:06am

Cholistan Development Authority: NAB Multan summons Shehbaz, others

The National Accountability Bureau (NAB) Multan bureau has summoned former chief minister Punjab and Pakistan Muslim League-(PML-N) President Mian Muhammad Shehbaz Sharif and other leaders in a case regarding the Cholistan Development Authority.
Published 09 May, 2020 12:06am

PM felicitates Iraqi counterpart

Prime Minister Imran Khan has conveyed felicitations to Mustafa al-Kadhimi on his assumption of office as the Prime Minister of Iraq, said a press release issued on Friday.
Published 09 May, 2020 12:06am

Mobile app being introduced to ensure presence of employees: mayor

Mayor Karachi Wasim Akhtar Friday said that mobile application is being introduced to ensure presence of employees on time, expediting work and facilitating the employees.
Published 09 May, 2020 12:06am

Pakistan rejects Indian move

Pakistan on Friday rejected the Indian move for inclusion of the Azad Jammu and Kashmir, and Gilgit-Baltistan in Indian TV weather bulletin. Responding to media queries, Foreign Office spokesperson Aisha Farooqui said that like the so-called "political ma
Published 09 May, 2020 12:06am

LDA DG for expediting ongoing uplift works

Lahore Development Authority (LDA) Director General Ahmad Aziz Tarar has directed the relevant officers for expediting the ongoing development works in blocks G and K of LDA Avenue I.
Published 09 May, 2020 12:06am

Covid-19: 2-3 million families require interest-free loans

There are about 2-3 million families in the country whose bread earners lost their jobs/earnings due to Covid-19 pandemic and the need is to issue Rs10,000 to 30,000 interest free loan to each family so that they can make their both ends meet in this diff
Published 09 May, 2020 12:06am

Taxes
'Faster System': Rs 56 billion worth of ST refunds issued: Hafeez

Advisor to the Prime Minister on Finance Dr Abdul Hafeez Shaikh has said that the government had already issued sales tax refunds to exporters to the tune of Rs56 billion through the "Faster System".
Published 09 May, 2020 12:06am

Around 108,592 Pakistanis seek repatriation to country

Around 108,592 Pakistani nationals in various countries have sought repatriation back to the country, as coronavirus pandemic continues to impacts lives across the globe.
Published 09 May, 2020 12:06am

Articles
Partly Facetious: The corona challenge

"Low income countries must ensure that Covid-19 containment strategies include the poor continuing to earn a living and access food. So in other words, these countries must ensure that some sectors remain open for the daily wage earners who in Pakistan ar
Published 09 May, 2020 12:06am

Business & Economy
Nestlé Pakistan partners with NGOs to support Covid-19 affectees

As part of its Rs 100 million commitment to support vulnerable communities affected by the Covid-19 pandemic, Nestlé Pakistan has partnered with leading non-governmental organizations Shahid Afridi Foundation, Saylani Welfare International Trust, RIZQ, Sa
Published 09 May, 2020 12:06am

Cricket
Ban on Umar Akmal: Detailed judgement submitted to PCB

Chairman of the Independent Disciplinary Panel, Justice (retd) Fazal-e-Miran Chauhan has submitted his detailed judgement vis-à-vis Umar Akmal case imposing three-year ban on him to the Pakistan Cricket Board (PCB).
Published 09 May, 2020 12:06am

Punjab PA to expedite legislation on thalassemia control

Senior Minister Punjab Abdul Aleem Khan has said that premarital tests and awareness among the citizens can make the society thalassemia free. He assured that Punjab Assembly would expedite legislation on thalassemia and he will play his role in it as wel
Published 09 May, 2020 12:06am

Punjab government lays 7 ordinances in PA

The Punjab government laid The Punjab Infectious Diseases (Prevention and Control) Ordinance 2020, The Punjab Local Government (Amendment) Ordinances 2020, The Punjab Village Panchayats and Neighbourhood Councils (Amendment) Ordinance 2020, The Stamp (Ame
Published 09 May, 2020 12:06am

Punjab will reform prisons: minister

Punjab Law, Parliamentary Affairs and Social Welfare Minister Raja Basharat has said that it has been decided to bring comprehensive reforms for the betterment of Punjab's jails and prisoners.
Published 09 May, 2020 12:06am

Commodities
Punjab Food Department launches Wheat Seed Policy for 2020

Food Department Punjab has launched Wheat Seed Policy for year 2020 to procure wheat seed for current year to ensure provision of seed in required quantity for next crop.
Published 09 May, 2020 12:06am

Buzdar reviews anti-coronavirus steps

Chief Minister Punjab Sardar Usman Buzdar chaired a meeting at his office here on Friday which expressed concern over the increase in the number of coronavirus cases in Lahore city and decided to devise a separate policy to overcome its spread in the prov
Published 09 May, 2020 12:06am

Business & Economy
Business community welcomes ease in lockdown

Welcoming the government's decision to ease lockdown by allowing the opening of small markets, shops and allied industries of construction sector across the country, the representatives of business community said on Friday that the decision would reduce t
Published 09 May, 2020 12:06am

Business & Economy
Activities of Karachi Port and Port Qasim

The Karachi Port handled 72,826 tonnes of cargo comprising 65,084 tonnes of import cargo and 7,742 tonnes of export cargo including 3,836 loaded and empty containers during the last 24 hours ending at 0700 hours on Friday.
Published 09 May, 2020 12:06am

Cotton & Textile
Traders optimistic about resuming of cotton business soon

Traders are hopeful that business activities will soon resume in the cotton market as the government is softening the lockdown from May 9. Market sources said that there is almost no activity in the cotton market for the last one and a half months due to
Published 09 May, 2020 12:06am

Energy
US natural gas futures little changed

US natural gas futures were little changed on Thursday following a government report showing last week's storage build was in line with expectations. That lack of price movement came despite short-term forecasts for cooler weather and higher demand over t
Published 09 May, 2020 12:06am

Commodities
PMEX daily trading report

On Thursday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,721. The traded value of metals, energy and COTS/FX was recorded at PKR 5.945 billion and the number of lots traded was 13,461.
Published 09 May, 2020 12:06am

Commodities
China's iron ore, steel futures rise

Iron ore and steel futures in China jumped on Thursday, extending gains into the fourth straight session after Beijing pledged more stimulus to relieve tax burdens and boost credit support for companies.
Published 09 May, 2020 12:06am

Global Business Economy
German exports plunge in March

Exports from Germany plunged by 11.8 percent in March, their worst month-on-month fall since the country's 1990 reunification, statistics authority Destatis said Friday.
Published 09 May, 2020 12:06am

Global Business Economy
China, US commit to implement trade deal despite virus row

Chinese and US trade representatives agreed Friday to "create favourable conditions" for the phase one trade deal signed in January, officials said, despite recent tensions over the coronavirus pandemic.
Published 09 May, 2020 12:06am

Global Business Economy
Siemens drops revenue target

German industrial conglomerate Siemens on Friday withdrew its 2020 revenue targets, saying the coronavirus pandemic would weigh heavily on sales in its April-June quarter.
Published 09 May, 2020 12:06am

Global Business Economy
Canada unemployment hits 13 percent

Canada shed three million jobs in the last two months due to the coronavirus lockdown, causing the unemployment rate to shoot up to 13 percent in April, the government reported Friday.
Published 09 May, 2020 12:06am

Money & Banking
EU court says it 'alone' has jurisdiction over ECB

The EU's highest court on Friday said it alone had legal authority over the European Central Bank, firmly rejecting a German Constitutional Court ruling critical of the bank's ambitious stimulus policies.
Published 09 May, 2020 12:06am

18 bodies of drowned Afghans recovered at Iran border

Afghanistan has recovered 18 bodies of migrants who were allegedly beaten and tortured before being forced into a river by Iranian border guards last week, a senior Afghan official said Friday.
Published 09 May, 2020 12:06am

Fourteen migrants killed by train in India

Fourteen migrant labourers walking back to their villages after being left destitute by India's strict coronavirus lockdown were killed Friday after being hit by a train, officials said. The men were returning home when they were hit by the goods train in
Published 09 May, 2020 12:06am

Rockets hit Libya's capital, killing 15

Rocket and shell fire on Tripoli has killed at least 13 civilians and two policemen in the last two days, Libya's UN-recognised government said on Friday. The Government of National Accord accused forces loyal to strongman Khalifa Haftar of carrying out t
Published 09 May, 2020 12:06am

Europe, US mark 75 years since end of WWII

Europe and the United States mark 75 years since the end of World War II on Friday in a sombre mood as the coronavirus pandemic forced the cancellation of elaborate ceremonies even as Berlin declares an exceptional holiday for the first time.
Published 09 May, 2020 12:06am

Trump denies plot in Venezuela, says would use 'invasion'

President Donald Trump on Friday said the United States was not behind a failed covert plot in Venezuela allegedly involving two Americans, but that if he did order an attack it would be an open "invasion."
Published 09 May, 2020 12:06am

Swiss to launch virus app pilot

The Swiss government said Friday that it will launch a smartphone app next week designed to trace people potentially infected with COVID-19.
Published 09 May, 2020 12:06am

US Justice Department drops case against ex-Trump aide Flynn

The US Justice Department withdrew its case against former White House national security advisor Michael Flynn Thursday, handing President Donald Trump a major political victory.
Published 09 May, 2020 12:06am

US accuses China, Russia of coordinating on virus conspiracies

The United States on Friday accused China and Russia of stepping up cooperation to spread false narratives over the coronavirus pandemic, saying Beijing was increasingly adopting techniques honed by Moscow.
Published 09 May, 2020 12:06am

Cotton & Textile
New York cotton

The following were the fluctuations observed during the day:

Published 09 May, 2020 12:06am

Commodities
Shanghai copper climbs

Shanghai copper rose to a three-week high on Friday and clocked a second straight weekly gain, buoyed by strong import numbers in China and signs that the Sino-US trade deal would be implemented despite the coronavirus disruption.
Published 09 May, 2020 12:06am

Energy
Oil set for a second weekly gain

Oil prices rose about 4% on Friday and were on course for a second consecutive week of gains as US producers rapidly shut crude production and more states moved ahead with plans to relax lockdowns intended to prevent the spread of the worst public health
Published 09 May, 2020 12:06am

Commodities
Gold eases in early NY trade

Gold eased back on Friday from its highest in nearly two weeks, as investors grew hopeful about economies reopening after COVID-19 lockdowns, but a continued wave of central bank stimulus kept bullion on course for a weekly gain.
Published 09 May, 2020 12:06am

Money & Banking
Turkish lira steadies

The Turkish lira was steady on Friday after rebounding from a record low the day before, but concerns loomed over the country's depleted currency reserves and foreign financing needs as the coronavirus pandemic slows economic activity.
Published 09 May, 2020 12:06am

Money & Banking
Most Asian currencies up

Most Asian currencies strengthened on Friday as talks between US and Chinese trade officials stoked hopes that recent tensions between the economic giants over the origin of the coronavirus outbreak could be easing.
Published 09 May, 2020 12:06am

Money & Banking
Argentine peso risk rises

Argentina's peso is in increasingly treacherous waters, with twin economic and debt crises at home driving a huge gap between the official rate kept almost static by capital controls and the tumbling black market and other unofficial rates.
Published 09 May, 2020 12:06am

Money & Banking
Early trade in New York: Dollar rises and on track for weekly gains against euro

The US dollar rose on Friday after data showed the world's largest economy lost fewer jobs than expected last month on fallout from the coronavirus pandemic.
Published 09 May, 2020 12:06am

Money & Banking
Dollar struggles in Europe

The dollar struggled and currencies linked to global trade rose on Friday, boosted by news that US and Chinese negotiators had agreed to strengthen cooperation over a trade deal and as more governments slowly reopened their economies.
Published 09 May, 2020 12:06am

Covid-19: A battle to survive

The COVID-19 pandemic is the biggest public health challenge the world has faced in recent memory. Many health professionals are at the forefront of the response providing care, educating the public, advising the health institutions, conducting research t
Published 09 May, 2020 12:06am

Mumtaz Bakhtawar Memorial Trust Hospitals: A welfare project of Guard Group

The advent of Covid-19 has exposed the shortcomings of our health system. All the Govts during their tenure ignored the development of health care facilities in line with the increasing population. A few hospitals were established in far-flung areas, that
Published 09 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 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

Markets →

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Today

Yesterday

Past 3 Days

March demand down 7.5pc: Govt mulling options to boost power consumption

No intention to impose fixed tax on solar, Power Division clarifies

NJLI Sarmaya Growth Fund Rates

Net metering power: Govt mulling bringing buyback rates down to Rs11/unit from Rs21

FBR notifies transfers of 12 key officers to Admin Pool

Major shuffle in FBR ahead of budget preparation exercise

Gold price per tola jumps Rs2,500 in Pakistan

WPPs worried about continuous power curtailment

3.2 magnitude earthquake hits parts of Karachi

Net metering power: Govt mulling bringing buyback rates down to Rs11/unit from Rs21

Prices of petrol, diesel likely to be slashed

PBC floats 5-year ‘exports charter and imports substitution plan’

Pakistan misses wheat production target

Operations: KAPCO reluctant to opt for CTBCM

Annual rental value property: Sindh govt given three months to legislate on levy of tax

Airline revenues: IATA urges Pakistan to allow repatriation of $399mn

Justice Isa says received no complaints of meddling in judicial affairs since becoming CJP

Gold price per tola jumps Rs2,500 in Pakistan

Net metering power: Govt mulling bringing buyback rates down to Rs11/unit from Rs21

Pakistan misses wheat production target

NJLI Sarmaya Growth Fund Rates

Sazgar Engineering Works Limited

Prices of petrol, diesel likely to be slashed

FBR’s POS system: 1,680 Tier-1 retailers told to integrate by May 31st

Operations: KAPCO reluctant to opt for CTBCM

Gold price per tola jumps Rs2,500 in Pakistan

Annual rental value property: Sindh govt given three months to legislate on levy of tax

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

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