News Archives for Print - 2020-05-28

Print - 2020-05-28

WHO launches foundation to put finances in better health

The World Health Organization on Wednesday launched a new foundation for private donations, as US President Donald Trump threatens to pull the plug over its handling of the COVID-19 pandemic.

Published 28 May, 2020 12:03am

Money & Banking

US outlook highly uncertain, businesses 'pessimistic': Fed

After weeks of economic shutdowns, the outlook for a rebound remains "highly uncertain" and businesses nationwide are gloomy about how quickly things can return to normal, the Federal Reserve said Wednesday.

Published 28 May, 2020 12:03am

Pakistan condemns start of temple's construction at Babri Masjid site

Pakistan on Wednesday strongly condemned the commencement of the construction of temple at the site of the historic Babri Masjid in Ayodhya, terming it the a sequel to the controversial decision given by the Indian Supreme Court on the issue.

Published 28 May, 2020 12:03am

Russia seizes 40 tonnes of European cheeses

Russia on Wednesday seized 40 tonnes of European cheeses smuggled into the country in breach of an embargo on EU food imports, the customs service said. The cheese was found at a port near the northwestern city of Saint Petersburg in four containers label

Published 28 May, 2020 12:03am

Sugar industry: SAPM accuses Khaqan of providing most subsidies

The Special Assistant to the Prime Minister on Accountability, Shahzad Akbar, on Wednesday said that most of the sugar subsidies over the last five years were given during previous government of the Pakistan Muslim League-Nawaz (PML-N) with the lion's sha

Published 28 May, 2020 12:03am

Airline refunds: SBP urged to give credit card payment relief

The pandemic has brought all sorts of strange troubles for individual citizens and businesses alike. One such unique difficulty stems from cancelled flights leading to delays in airline refunds, which has hurt the liquidity of those who had purchased tick

Published 28 May, 2020 12:03am

Stocks

Futures spread jumps 529bps

The futures spread increased by 529bps to 12.40 percent on the last day of the trading session Thursday (May 21). Trading activity on the futures counter remained low as average daily volumes decreased by 5.5 percent to 40.76 million shares as compared to

Published 28 May, 2020 12:03am

Stocks

PSX hit by selling pressure

Pakistan Stock Exchange remained under selling pressure during the outgoing week ended May 21, 2020 as investors opted to book profits on available margins before long Eid holidays.

Published 28 May, 2020 12:03am

1,630 tariff lines: 2pc additional duty may be removed

The government is likely to remove 2 percent Additional Custom Duty on 1,630 tariff lines, in addition to substantial reduction in duties on 350 tariff lines in federal budget 2020-21, as all the stakeholders have reached a consensus on this plan, sources

Published 28 May, 2020 12:03am

Cockpit voice recorder yet to be found

The cockpit voice recorder (CVR) of the ill-fated A320 (PK-8303) of Pakistan International Airlines (PIA), which is one of the vital parts in air crash investigation, is yet to be found. This development is said to have necessitated extension in stay of t

Published 28 May, 2020 12:03am

US revokes HK special status

The United States on Wednesday revoked Hong Kong's special status under US law, paving the way to strip trading privileges for the financial hub as Washington accused China of trampling on the territory's autonomy.

Published 28 May, 2020 12:03am

Pandemic creating 'lockdown generation': UN

The Covid-19 pandemic has caused surging unemployment worldwide, but has hit young workers especially hard, forcing more than one in six people aged under 29 to stop working, the UN said Wednesday. In a fresh study, the International Labour Organization w

Published 28 May, 2020 12:03am

NDMA launches hotline to register locust complaints

National Disaster Management Authority (NDMA) on Wednesday operationalised a hotline 051 111 222 999 for registering and resolving locust related complaints.

Published 28 May, 2020 12:03am

Documenting economy: FBR urged to use data of bourse, property market

Pakistan Business Council (PBC) has asked the Federal Board of Revenue (FBR) to use stock market/property data and the National Database and Registration Authority (Nadra) information for documenting the economy and providing a level-playing field to the

Published 28 May, 2020 12:03am

Trump threatens to 'close down' social media after tweets tagged

US President Donald Trump threatened Wednesday to shutter social media platforms after Twitter for the first time acted against his false tweets, prompting the enraged Republican to double down on unsubstantiated claims and conspiracy theories.

Published 28 May, 2020 12:03am

Special flight with 148 passengers lands at Multan airport

A special flight carrying 148 stranded Pakistanis in Dubai landed at Multan airport on Wednesday.

Published 28 May, 2020 12:03am

176 Pakistanis, stranded in India due to lockdown, return

A batch of 176 Pakistani citizens stranded in different parts of India owing to novel coronavirus lockdown returning Pakistan on Wednesday. These Pakistanis were stranded in different Indian States including Chhattisgarh, Gujarat, Madhya Pradesh, Maharash

Published 28 May, 2020 12:03am

FIPI outflows exceed $244m: Offshore investors withdraw $37.497m

Foreign investors opted to pull out their investment from Pakistan equity market due to their concerns over deadly coronavirus and slowing economic activities.

Published 28 May, 2020 12:03am

Removal of PAAPAM's SG: Infighting reported among auto-part manufacturers

After a standoff between PAMA and PAAPAM on auto sector-related SROs, infighting has been reported within the auto-part manufactures, after removal of the PAAPAM's Secretary General (SG) Muhammad Arshad.

Published 28 May, 2020 12:03am

Trump offers to mediate in India-China frontier showdown

US President Donald Trump offered Wednesday to mediate in what he called a "raging" border showdown between India and China in the Himalayas.

Published 28 May, 2020 12:03am

SBP timings

The State Bank of Pakistan (SBP) will observe six hours office timing from Thursday (today).

Published 28 May, 2020 12:03am

Letters

Science and technology minister emerges as victor

A beaming minister of science and technology has won the moon-sighting battle in a highly impressive manner. That he was cent percent confident about his 'prediction' is a fact that has found its best expression from his press conference that he addressed

Published 28 May, 2020 12:03am

Articles

In Spain, food aid queues grow as poverty outpaces 2008 crisis

Accepting food handouts for the first time has become reality for thousands in Spain where poverty has soared during the epidemic, echoing the 2008 crisis from which many have barely recovered.

Published 28 May, 2020 12:03am

Articles

Lockdown - A tale of other diseases

Lock down or die. Lockdown or economy. Lockdown or jobs. Lockdown or lives. These were the debates prevalent. World over and in Pakistan, from experts to individuals, the over whelming discussion was on the necessity of lockdown to defeat a virus that was

Published 28 May, 2020 12:03am

Articles

Economic policy choices beyond...-II

Limitations of Monetary Policy

Published 28 May, 2020 12:03am

Islamabad mayor's suspension

The Islamabad High Court has stayed the suspension of the first-ever elected mayor of Islamabad, Sheikh Anser Aziz, for a period of 90 days by the federal government. No prizes for guessing right the name of the party he belongs to: the PML-(N). According

Published 28 May, 2020 12:03am

The way to go

Two hundred billion rupees were raised through Sukuk-II at competitive book building at Pakistan Stock Exchange at a rate below Kibor. Advisor to the Prime Minister on Finance Dr Hafeez Sheikh tweeted that this would save the government 18 billion rupees

Published 28 May, 2020 12:03am

Business & Economy

Pakistan-US trade volume should hit $10bn mark: FPCCI

The Federation of Pakistan Chambers of Commerce and Industry's Businessmen Panel says Pakistan-United States bilateral trade should hit the $10 billion mark with a revised GSP package.

Published 28 May, 2020 12:03am

Locust attack: PKI calls for assessment of crop losses, compensation for farmers

Pakistan Kissan Itehad (PKI) has appealed Prime Minister Imran Khan to order assessment of crop losses and compensate farmers so that they could be in a position to plant substitute crops or continue their economic cycle.

Published 28 May, 2020 12:03am

Articles

Agricultural autarky via atoms

What is common between the disinfected mummy of Ramses II, and a well acclimatized shiny spike silver boll of cotton? Nothing much, apparently. But if one scraps the surface a little, one can find both benefitting from radiations in some way.

Published 28 May, 2020 12:03am

Brief Recordings

Sapphire Fibres Limited

Sapphire Fibres Limited (PSX: SFL) was established in 1979 as a public limited company under the Companies Act, 1913 (now the Companies Act, 2017). It is a part of the larger Sapphire Group. The company deals with manufacturing and sale of yarn, fabric an

Updated 28 May, 2020 03:44am

Business & Economy

E-commerce becomes popular in Pakistan in the wake of Covid-19

E-commerce in Pakistan is developing rapidly, but mobile communication and logistics business may be a little behind as some people in rural areas may not have mobile phones.

Published 28 May, 2020 12:03am

Countering Islamophobia: Statement of UN SG victory of Pakistan's stance: Shibli

Federal Minister for Information and Broadcasting Senator Shibli Faraz on Wednesday said the statement of UN Secretary-General Antonio Guterres on countering anti-Muslim hatred being his top priority was victory of Pakistan's stance.

Published 28 May, 2020 12:03am

Energy

Work on Suki Kinari hydel power project in full swing: SAPM

Special Assistant to Prime Minister on Information and Broadcasting General Asim Saleem Bajwa (retd) Wednesday said work on the Suki Kinari hydal power project was in full swing as progress on the project remained unaffected due to Covid-19.

Published 28 May, 2020 12:03am

Govt urged to investigate martyrdom of Zubaidullah Khan

An emergency meeting of the former Federal Secretaries of Information and Broadcasting was convened with Khawja Ijaz Sarwar in the chair.

Published 28 May, 2020 12:03am

Business & Economy

Hafeez briefed about liquidity issues facing large-scale manufacturing

A delegation of Nishat Group met Adviser to the Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh to apprise him of the damage done by Covid-related economic downturn to large-scale manufacturers, said a press release issued on Wednesday.

Published 28 May, 2020 12:03am

Constitution of NFC: IHC to take up petition challenging notification today

The Islamabad High Court (IHC) will take up Pakistan Muslim League-Nawaz MNA Engineer Khurram Dastgir Khan's petition, challenging the notification for constitution of the National Finance Commission (NFC), on Thursday (today).

Published 28 May, 2020 12:03am

Number of coronavirus cases surpasses 60,000 in country

The number of coronavirus cases surpassed 60,000 on Wednesday after new cases were reported from various parts of the country.

Published 28 May, 2020 12:03am

CM grieved over loss of lives in accident

Chief Minister Punjab Sardar Usman Buzdar has expressed a deep sense of sorrow and grief over the loss of precious human lives in a traffic accident on motorway near Rajhana Interchange. He also expressed heartfelt sympathies and condolence with the heir

Published 28 May, 2020 12:03am

Qureshi condemns India's controversial construction in Laddakh

Foreign Minister Shah Mehmood Qureshi on Wednesday called upon the international community to take notice of India's nefarious designs that posed a great threat to regional peace and security.

Published 28 May, 2020 12:03am

India's policies becoming a threat to region: PM

Prime Minister Imran Khan on Wednesday said that India's expansionist policies in the region, led by the ruling right-wing Bharatiya Janata Party (BJP) of Narendra Modi, were becoming a threat to New Delhi's neighbours.

Published 28 May, 2020 12:03am

Indian spy drone shot down along LoC: ISPR

Pakistan Army troops on Wednesday shot down an Indian spy drone close to the restive Line of Control (LoC) in Azad Jammu and Kashmir (AJK).

Published 28 May, 2020 12:03am

Energy

Supply of petrol, diesel: Ogra sent letters to OMCs thrice

The Oil and Gas Regulatory Authority (Ogra) sent letters to oil marketing companies (OMCs) three times to ensure adequate supply of high speed diesel (HSD) and petrol in interior Sindh and Southern Punjab, in line with the directives of the federal govern

Published 28 May, 2020 12:03am

Sugar scandal: PTI govt conducts 'dubious and inept' inquiry: PML-N

The Pakistan Muslim League-Nawaz (PML-N) Spokesperson, Marriyum Aurangzeb, has claimed that Pakistan Tehreek-e-Insaf (PTI) government gave subsidy and allowed the export of sugar at a time when there was a shortage of sugar in the country.

Published 28 May, 2020 12:03am

Teli asks government to deploy troops to enforce SOPs

Former President Karachi Chamber of Commerce & Industry (KCCI) and Chairman Businessmen Group (BMG) Siraj Kassam Teli has advised the government to deploy troops from the Army whose presence and patrolling at various commercial markets would ensure strict

Published 28 May, 2020 12:03am

Covid-19 lockdown: Federal government to be consulted before taking any decision: minister

Sindh Minister for Information, Local Government, Housing & Town Planning, Religious Affairs, Forest and Wildlife Syed Nasir Hussain Shah has said that no new decision has been taken so far to tighten or relax the lockdown in the province.

Published 28 May, 2020 12:03am

Locust attack: Murad seeks six aircraft from federal government

Sindh Chief Minister Syed Murad Ali Shah has urged the federal government to provide six aircraft to counter the locust attack on the standing crops in the province.

Published 28 May, 2020 12:03am

Shrine of Lal Shahbaz Qalander to reopen under SOPs

Government of Sindh has decided to reopen shrine of Lal Shahbaz Qalander for visitors under Standard Operating Procedures (SOPs). The decision was taken by Sindh government after consultation with Auqaf department. Chief Administrator of Sindh Auqaf Depar

Published 28 May, 2020 12:03am

PIA plane crash: 'Handing over of bodies after DNA tests begins'

Identification and handing over of bodies on the basis of DNA tests begins, PIA spokesman said on Wednesday.

Published 28 May, 2020 12:03am

Locust attack: Bilawal describes Centre's inaction as criminal negligence

Chairman Pakistan Peoples Party Bilawal Bhutto-Zardari has said that federal government failed to take adequate and required steps to check the imminent attack of locust swarms in Sindh and other provinces as clouds of locusts have landed in different par

Published 28 May, 2020 12:03am

CM orders completion of Infectious Diseases Control Hospital at the earliest

Sindh Chief Minister Syed Murad Ali Shah presiding over a Covid-19 response meeting here on Wednesday at the CM House directed the health department to make at least 500 monitors and 200 ventilators available in Sindh apart from completing a 50-bed hospit

Published 28 May, 2020 12:03am

Rain with thunderstorm likely in various parts

The Met Office on Wednesday forecast rains with dust-thunderstorm in parts of the country from Thursday night to Tuesday.

Published 28 May, 2020 12:03am

Money & Banking

SBP unveils guidelines on transfer, assignment of NPAs to CRCs

The State Bank of Pakistan (SBP) has issued guidelines on "Transfer and Assignment of Non-Performing Assets to Corporate Restructuring Companies (CRCs)."

Published 28 May, 2020 12:03am

First virus-era Chinese expedition measures Everest

A group of Chinese surveyors on Wednesday became the first team this year to summit Mount Everest, where they will try to pinpoint the height of the world's tallest peak using satellite technology.

Published 28 May, 2020 12:03am

Two journalists detained on anti-state charges in Vietnam

Vietnam should immediately release journalists Nguyen Tuong Thuy and Pham Chi Thanh, and drop all charges against them, the Committee to Protect Journalists said today.

Published 28 May, 2020 12:03am

Britain set to launch 'test and trace' in England

The British government said Wednesday it will launch its coronavirus "test and trace" service across England on Thursday, a key pillar in its strategy to ease a nationwide lockdown introduced in late March.

Published 28 May, 2020 12:03am

Cyprus to pay medical bill if tourists catch virus

Cyprus hopes to attract tourists after its coronavirus lockdown by paying the medical costs of anyone who tests positive for COVID-19 while holidaying on the island, officials said Wednesday.

Published 28 May, 2020 12:03am

Poland scraps mandatory masks

Poles will no longer have to wear masks outside starting this weekend as long as they abide by social distancing rules, Prime Minister Mateusz Morawiecki said Wednesday. The move came as the government further eased the EU member's anti-virus measures.

Published 28 May, 2020 12:03am

Denmark develops robot to conduct tests

Danish researchers have developed a robot capable of carrying out COVID-19 screening tests, the University of Southern Denmark announced on Wednesday. Using a 3D-printed disposable arm that is automatically swapped after every patient, the robot takes a t

Published 28 May, 2020 12:03am

Washington eases coronavirus lockdown

The US capital is relaxing lockdown restrictions following a sustained period of decreased coronavirus infections, Washington's mayor said Wednesday, announcing that restaurants and other businesses can reopen under social distancing guidelines.

Published 28 May, 2020 12:03am

South African AIDS researcher wins 500,000-euro French prize

A South African HIV researcher who found that a topical gel could stop many women catching the virus has been awarded one of France's top science prizes.

Published 28 May, 2020 12:03am

French court rejects bail for Rwanda genocide suspect

A French court on Wednesday turned down Rwandan genocide suspect Felicien Kabuga's request to be released on bail pending a decision on where he will be tried after a quarter century on the run.

Published 28 May, 2020 12:03am

SpaceX crewed flight is 'go for launch': NASA chief

SpaceX's historic first crewed launch was set to proceed as scheduled Wednesday, NASA announced at midday, but some uncertainty remained over weather conditions just over four hours before takeoff.

Published 28 May, 2020 12:03am

Scientists unravel secrets from the faults in our genes

Imagine the body's instruction manual, the genome: here words are genes, letters are DNA, and the equivalent of typos can have disastrous consequences.

Published 28 May, 2020 12:03am

France names first indigenous director of top museum

Emmanuel Kasarherou will make history Wednesday as the first indigenous person ever to head a major French national museum when he is named director of the Quai Branly-Jacques Chirac museum in Paris. Kasarherou, 60 - who has co-curated two major exhibitio

Published 28 May, 2020 12:03am

Chronicler of a lost Afghanistan dies

Famed French photographer Roland Michaud, who was best known for his timeless images of Afghanistan before the Soviet invasion, has died aged 89, his publishers told AFP Wednesday.

Published 28 May, 2020 12:03am

US troop pullout from Afghanistan ahead of schedule

The US military withdrawal from Afghanistan is considerably ahead of schedule, an official told AFP on Wednesday, as President Donald Trump reiterated calls for the Pentagon to bring troops home.

Published 28 May, 2020 12:03am

Stocks

Tokyo shares hit 3-month high

Japan's stock benchmark Nikkei rose to a three-month high on Wednesday, with financial stocks leading gains, as speculative short-covering during afternoon trade helped the index recoup losses seen earlier in the day.

Published 28 May, 2020 12:03am

Stocks

China stocks fall

China stocks fell on Wednesday as rising Sino-US tensions and lingering worries over the coronavirus damage on the economy curbed risk appetite.

Published 28 May, 2020 12:03am

Stocks

Eurozone shares up

Eurozone stocks were buoyed on Wednesday by a 750-billion-euro ($824 billion) plan to prop up EU economies hammered by the coronavirus crisis, but falls for healthcare and technology stocks weighed on broader European markets.

Published 28 May, 2020 12:03am

Stocks

Wednesday's early trade: Tech weakness weighs on S&P, Nasdaq

A selloff in technology stocks dragged on the S&P 500 and Nasdaq on Wednesday, with investors also cautious about brewing US-China tensions at a time when policymakers are attempting to revive the global economy from a coronavirus-driven slump.

Published 28 May, 2020 12:03am

Stocks

US stocks up; S&P pulls back from highs

US stocks closed higher on Tuesday on optimism about the development of coronavirus vaccines and a revival of business activity, but the S&P 500 failed to hold above the key psychological level of 3,000 points.

Published 28 May, 2020 12:03am

Stocks

UAE bourses end higher

Stock markets in the United Arab Emirates closed higher on Wednesday, with Dubai leading the gains. On Monday, Crown Prince Sheikh Hamdan bin Mohammed said that Dubai will begin allowing free movement and business activity to restart from Wednesday. Howev

Published 28 May, 2020 12:03am

Stocks

Most SE Asian stocks rise on stimulus hopes

Most Southeast Asian stock markets ended higher on Wednesday, led by Malaysia, on hopes of government stimulus measures to boost coronavirus-hit economies, while a drop in shares of the Singapore bourse operator dragged down its benchmark index.

Published 28 May, 2020 12:03am

Stocks

UK stocks post strongest close since March

London-listed stocks notched up their strongest close since early March on Wednesday amid sustained hopes of an economic recovery from the coronavirus pandemic, even as unrest in Hong Kong cast some doubt over Sino-US relations.

Published 28 May, 2020 12:03am

Money & Banking

Aussie, kiwi hold near multi-week highs

The Australian and New Zealand dollars held near multi-week peaks on Wednesday amid hopes the world economy was past the worst of the coronavirus shock, even if it might take many more months to fully recover.

Published 28 May, 2020 12:03am

Money & Banking

Sterling falls as UK remains at impasse with EU on Brexit

Sterling fell 1% on Wednesday as investors' focus shifted back to the possibility of negative interest rates in Britain and on comments from government officials that not much progress had been made in Brexit negotiations.

Published 28 May, 2020 12:03am

Money & Banking

Asian currencies subdued

Most Asian currencies traded flat to lower on Wednesday as rising Sino-US tensions over proposed security laws for Hong Kong prompted investors to latch on to the safety of the dollar.

Published 28 May, 2020 12:03am

Money & Banking

Early trade in New York: Dollar steadies against euro

The dollar steadied against the euro on Wednesday even as the common currency remained supported by news of a proposal for an economic recovery package to help the euro zone region recover from the coronavirus pandemic.

Published 28 May, 2020 12:03am

Money & Banking

Euro rallies, yuan falls in Europe

The euro headed towards a two-month high on Wednesday after the European Commission proposed a coronavirus economic recovery package worth in total 1.85 trillion euros ($2.04 trillion).

Published 28 May, 2020 12:03am

Business & Economy

NKIDMC CEO concerned over violation of SOPs

Chief Executive Officer of North Karachi Industrial Development & Management Company (NKIDMC), Sadiq Muhammad, expressed deep concern over non-compliance of social distance and violation of SOPs by the public in the presence of deadly disease of coronavir

Published 28 May, 2020 12:03am

Taxes

Local-price new tier: FBR misled by KP based local cigarette manufacturers

The Federal Board of Revenue (FBR) has been grossly misled by the Khyber-Pakhtunkhwa (KP)-based local manufacturers of cigarettes that a "local-price new tier" of the Federal Excise Duty (FED) for local brands be introduced in budget 2020-2021, negating t

Published 28 May, 2020 12:03am

Money & Banking

ADB implementing Thal Canal Irrigation Investment Programme

Asian Development Bank (ADB) is implementing the "Thal Canal Irrigation Investment Programme", which will control Agri-Poverty in Punjab.

Published 28 May, 2020 12:03am

Punjab CM slams opposition leaders for doing politics on corona

Chief Minister Punjab Sardar Usman Buzdar said on Wednesday that "corona politics" of opposition leaders will not work now and Pakistani nation will not forgive those who are politicizing this pandemic.

Published 28 May, 2020 12:03am

Decline in burials witnessed at Lahore's graveyards in two months

Over 2,000 burials were made in around 900 graveyards of the provincial metropolis during the months of April and May this year as against about 5,000 burials made during the same period last year.

Published 28 May, 2020 12:03am

Adverse effects of Covid-19 hindering export: PRGMEA

The Regional President of International Apparel Federation (IAF) and Chief Coordinator Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) Ijaz A Khokhar has said that the lifestyle and economic scenario has totally been changed d

Published 28 May, 2020 12:03am

JI for meeting of national leadership on Kashmir issue

Chief of Jamaat-e-Islami Senator Sirajul Haq has called upon the government to immediately convene a meeting of the national leadership on the Kashmir issue.

Published 28 May, 2020 12:03am

Modi biggest enemy of peace: Governor

Governor Punjab Mohammad Sarwar has said that Narendara Modi has emerged as biggest enemy of peace and Indian federation, as RSS inspired Modi has pursued jingoism which has put peace of whole region on stake. Defence of Pakistan is in strong, responsible

Published 28 May, 2020 12:03am

IT & Computers

IT, ITES sectors may lay off staff to survive Covid-19 impact

Companies working in the information technology (IT) and information technology enabled services (ITES) sectors are feeling the impact of the Covid-19 pandemic; these companies fear that they will have to lay off staff in order to survive the impact.

Published 28 May, 2020 12:03am

PPA asks Punjab govt to avoid interfering in poultry prices

The Pakistan Poultry Association (PPA) North Zone has appealed to Punjab government to avoid interfering in prices of poultry products so that its balance of demand and production could improve and people can get quality and cheaper protein.

Published 28 May, 2020 12:03am

Tier-1 retailers: 'Minimum area for shops be increased to 3000 square feet'

Minimum area of shops for the tier-1 retailers should be increased to 3000 square feet from existing 1000 square feet to make the point of sale (POS) integration drive viable. Also the minimum limit of electricity bills should be enhanced to Rs 2.4 millio

Published 28 May, 2020 12:03am

16 cases registered against profiteers during Eid holidays

As many as 16 cases were registered against profiteers during the Eid holidays after inspecting the prices of fruits, vegetables, chicken and other grocery items in markets and bazaars by price control magistrates.

Published 28 May, 2020 12:03am

Articles

Partly Facetious : Wearing mask a sign of weakness?

"This is what happens when you ridicule those who are spiritual."

Published 28 May, 2020 12:03am

IT & Computers

Google Maps ramps up support for local businesses

Google's popular map service on Wednesday added more ways for people to engage with local businesses struggling to survive the economic hit of the coronavirus pandemic. The Google Maps enhancements were touted as part of an effort to help small shops and

Published 28 May, 2020 12:03am

Global Business Economy

Renault-Nissan-Mitsubishi deepen their alliance

Struggling automakers Renault, Nissan and Mitsubishi unveiled Wednesday a plan to deepen their alliance, a top global producer of cars, that only months ago seemed on the verge of breakup.

Published 28 May, 2020 12:03am

LATAM files for bankruptcy in US

Latin America's largest airline LATAM filed for bankruptcy in the US on Tuesday, the company said in a statement, following a drastic slump in business caused by the coronavirus pandemic.

Published 28 May, 2020 12:03am

Global Business Economy

Brazil loses over 1m jobs in two months

Brazil lost over 1 million jobs in March and April, figures on Wednesday showed, wiping out job growth in the first two months of the year and a clear indication of the economic and social damage likely to be unleashed by the coronavirus crisis.

Published 28 May, 2020 12:03am

Battle ahead for EU's massive virus recovery plan

European Union chief Ursula von der Leyen on Wednesday proposed a 750-billion-euro post-virus recovery fund for Europe and urged sceptical member states to back it.

Published 28 May, 2020 12:03am

Global Business Economy

Decline in China's industrial profits slows in April, outlook still gloomy

Profits at China's industrial firms fell at a slower pace in April, helped by improvements in automobiles and electronics, but the damage wrought by the coronavirus crisis is set to keep the economy and businesses under pressure for most of this year.

Published 28 May, 2020 12:03am

Global Business Economy

Air France to cut 40 percent of domestic flights after bailout

Air France-KLM will slash 40 percent of its French domestic flights by next year in exchange for receiving seven billion euros ($7.7 billion) in emergency coronavirus funding backed by the French state, the company's chief executive said Wednesday.

Published 28 May, 2020 12:03am

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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