Trends - Pakistan - Business Recorder

Pakistan

Russian co intends to setup desalination, waste-to energy project in Karachi

The delegation was briefed about various incentives offered to enterprises in Special Economic Zones (SEZs) and encouraged them to establish operations in SEZs located in Sindh.

Published 09 Apr, 2021 12:31pm

Pakistan

Pakistan, China agree to strengthen cooperation on counter-terrorism, peacekeeping in UN framework

Pakistan and China jointly chaired the 3rd Round of China-Pakistan Consultations on the United Nations Affairs by video conference.
- Views were exchanged on a wide range of multilateral issues of mutual interest covering all major areas of the United Nations’ work.

Published 09 Apr, 2021 12:21pm

Business & Finance

SBP 'studying' option to launch its Digital Currency in Pakistan: Baqir

Baqir said that the introduction of an SBPs digital currency will have a twofold benefit to us.
Baqir said that fintech like Stripe and other such big international payment providers are ‘very welcome’ in Pakistan.

Published 09 Apr, 2021 11:23am

Pakistan

Qureshi visits Armed Forces Institute of Rehabilitation Medicine, meets war wounded soldiers

The whole nation takes pride in our Armed Forces and acknowledges their achievements and sacrifices may it be during war, internal security duties or nation building projects across the length and breadth of the country, Qureshi said.
AFIRM is a premier rehabilitating institute for war-wounded soldiers who have sacrificed their limbs during various military operations.

Published 09 Apr, 2021 10:59am

Pakistan reports over 5,300 COVID-19 cases for second consecutive day

The country reported 5,312 new cases and 105 new deaths in 24 hours.
54,948 tests were conducted across the country during the last 24 hours.

Published 09 Apr, 2021 09:47am

Economic growth: Pakistan may need to dampen hopes: IMF

ISLAMABAD: Pakistan may have to temper economic growth expectations following a third wave of COVID-19 infections, ...

Updated 09 Apr, 2021 09:17am

Parliamentary team’s plane denied landing at Kabul airport

ISLAMABAD: Kabul air-traffic-management, Thursday, "turned back" a plane with a nine-member Parliamentary delegation...

Updated 09 Apr, 2021 09:17am

Commanders reaffirm support to Kashmiris’ struggle

ISLAMABAD: The top military brass, on Thursday, reviewed the overall security situation including the situation ...

Updated 09 Apr, 2021 09:17am

Pakistan

98 more deaths of COVID reported in Pakistan over last 24 hours

The positivity ratio stands at 1067 percent.

Published 08 Apr, 2021 06:19pm

Pakistan

Pakistan calls for collective efforts to deal with challenges

He said we must understand that no one will be safe until everyone is safe.

Published 08 Apr, 2021 06:18pm

World

47 UK MPs question Boris Johnson's decision to place Pakistan on travel ‘red list’; demand further data and evidence

"The current rate of infection in Pakistan is also reportedly lower than the UK," the letter said.
We would be grateful if the full data and evidence can be provided to show why these specific countries have been added to the red list and provide an urgent clarification of the decision-making process, the MPs asked.

Published 08 Apr, 2021 01:17pm

Business & Finance

SDRs and debt holidays still just a band-aid for Pakistan and other debt-hobbled countries

A new $650 billion allocation of the IMF’s quasi currency known as Special Drawing Rights (SDRs) will provide over $20 billion of funding, while an extended repayment holiday on loans from rich G20 nations will temporarily save another $7 billion.

Published 08 Apr, 2021 01:05pm

Technology

realme C25 with 48MP AI Triple Camera and 6,000mAh Battery launched in Pakistan

The realme C25 is the world’s first smartphone with TÜV Rheinland High-Reliability Certification and it debuts...

Published 08 Apr, 2021 12:45pm

Pakistan

Pakistan ultimate destiny of Kashmiri people: AJK Legislative Assembly adopts resolution

The resolution said Kashmiris want accession of the entire state to Pakistan.
The resolution also demanded a peaceful settlement of the longstanding Kashmir dispute in accordance with the UNSC.

Published 08 Apr, 2021 12:35pm

World

India reports record 126,789 new COVID-19 cases

Deaths rose by 685, taking the tally to 166,862, the data showed.

Published 08 Apr, 2021 11:53am

Business & Finance

China’s leading construction co keen to seek more investment opportunities in Pakistan

Chen said that despite the COVID-19 pandemic, CGGC is committed to the timely completion of energy projects under the China-Pakistan Economic Corridor (CPEC) in Pakistan.

Published 08 Apr, 2021 11:50am

Pakistan

Amid heightened COVID-19 threat, USEFP cancels SAT administration test scheduled for May 8

The USEFP said that those who have registered with it can contact College Board for refund and cancellation of exam.

Published 08 Apr, 2021 10:51am

Pakistan's COVID-19 positivity ratio hits 10.69% as country reports 5,329 cases in 24 hours

Country also reported 98 deaths in 24 hours.
There are currently 66,994 active COVID-19 cases in Pakistan.

Published 08 Apr, 2021 09:33am

Lavrov says Russia ready to ‘further deepen’ ties

ISLAMABAD: Russia Wednesday reaffirmed its commitment to promote bilateral cooperation with Pakistan in diverse...

Published 08 Apr, 2021 04:10am

World

Pakistan to start local production of Sputnik V vaccine in coming months: FM Qureshi

Pakistan is expected to start the local production of the Russian Sputnik V vaccine in the coming months.
Qureshi noted that Pakistan privately imported 50,000 doses of Sputnik V last month, and will import an additional 150,000 doses of the Russian vaccine in the next few weeks.

Published 07 Apr, 2021 08:53pm

Sports

Fakhar Zaman hits second successive century

Babar faced 82 balls, while Hasan thrashed an unbeaten 32 off 11 balls, hitting four sixes off left-arm spinner Jon-Jon Smuts in the 49th over.

Published 07 Apr, 2021 07:11pm

World

IPRI holds webinar on “Deconstructing FATF through a Legal Lens”

On Wednesday, the Islamabad Policy Research Institute held a seminar on “Deconstructing FATF through a Legal Lens”, with a panel of distinguished speakers.

Updated 07 Apr, 2021 08:53pm

World

FIFA suspends PFF with immediate effect over 'third-party inference'

On Wednesday, FIFA suspended the Pakistan Football Federation (PFF) with immediate effect due to third-party interference.
In a statement, the global body said that third-party inference was a serious violation of the FIFA statutes.

Published 07 Apr, 2021 06:26pm

Sports

Pollock criticises De Kock 'deception' over Zaman run-out

Pollock said he believed De Kock was not aware of a law which outlaws wilful attempts to "distract, deceive or obstruct" a batsman.

Published 07 Apr, 2021 05:57pm

Business & Finance

Chinese Group intends to invest $500mn in Pakistan’s livestock sector

BOI Ansari also briefed the delegation regarding investment opportunities in Special Economic Zones (SEZs) being developed by Pakistan to accelerate export-oriented industrialization.

Published 07 Apr, 2021 02:40pm

World

US continues to support direct dialogue between India, Pakistan on issues of concern: US State Department

Statement comes following Pakistan's decision not to import sugar and cotton from India.
Pakistan has said that there will be no trade with the neighbor until India reverses its 2019 decision under which Jammu and Kashmir was stripped of its special constitutional status.

Published 07 Apr, 2021 01:30pm

Sports

FIFA suspends Pakistan, Chad football federations

Pakistan was also suspended by FIFA for third party interference in 2017.

Published 07 Apr, 2021 01:16pm

Business & Finance

Pakistanis lose billions of dollars yearly owing to tobacco usage: Report

The study said that the tobacco industry’s total tax contribution (120 billion in 2019) is approximately just 20 percent of smoking’s total cost. It found that indirect costs (morbidity and mortality) make up 70 percent of the total cost.

Published 07 Apr, 2021 12:34pm

Pakistan

Russia offers military support to strengthen Pakistan’s anti terrorist potential

"We confirmed that we stand ready to strengthen the anti terrorist potential of Pakistan including by supplying Pakistan with special military equipment," Russian FM Lavrov said.
"We both are interested in restoring peace and stability and there is very good cooperation taking place on that score," the FM Qureshi said.

Published 07 Apr, 2021 12:30pm

Business & Finance

Hilton announces to reenter into Pakistan

“This is a landmark agreement for Hilton that signals our re-entry to the Pakistan market,” said Carlos Khneisser, vice president of development in the Middle East and Africa for Hilton.

Published 07 Apr, 2021 11:25am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 31	278.42
USD PKR Interbank Buying / May 31	278.22
USD to Japanese Yen / May 31	157.31
USD to Swiss Franc / May 31	0.90
Pound Sterling to USD / May 31	1.27
Euro to USD / May 31	1.08

Stock	Volume
S&P 500 / May 31	5277.51
India Sensex / May 31	73961.31
Tokyo Nikkei / May 31	38487.90
Nasdaq / May 31	16735.02
Hang Seng / May 31	18079.61
FTSE 100 / May 31	8275.38
Dow Jones / May 31	38686.32
Germany DAX 30 / May 31	18497.94

Item	Value
Crude Oil USD/Barrel / May 31	76.99
Karachi Cotton PKR/37.32 KG / May 31	19935
Gold 10 Grams PKR / May 31	207219
Gold Spot USD/Ounce / May 31	2327.33
Cotton US¢/pound / May 31	75.11
Petrol/Litre / Jun 3	268.36

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Jun 3 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jun 3 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Jun 3 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Jun 3 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jun 3 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jun 3 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Jun 3 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Jun 3 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jun 3 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Jun 3 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Jun 3 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Jun 3 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Jun 3 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Jun 3 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Jun 3 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Jun 3 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Jun 3 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Jun 3 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Jun 3 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Jun 3 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Jun 3 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Jun 3 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Jun 3 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Jun 3 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Jun 3 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Jun 3 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Jun 3 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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