Trends - Pakistan - Business Recorder

Pakistan

Broadsheet proved that Nawaz lied to Parliament, SC and nation: Asad Umar

“It is conclusively established that Nawaz Sharif lied to the Parliament, the Supreme Court and the nation,” Umar tweeted.
Prime Minister Imran Khan had formed a five-member committee over the Broadsheet issue and directed his team to present the entire case before the masses.

Updated 19 Jan, 2021 02:11pm

Pakistan

Schools may close ‘immediately’ if COVID-19 SOPs not taken seriously, Dr Yasmin warns

The warning from the minister came just a day after reopening of educational institutes in the province.
Classes for students of grades nine to 12 started across the country on Monday after a hiatus of nearly two months.

Published 19 Jan, 2021 01:48pm

Pakistan

Pakistan's Prosperity Index reaches all-time high in November 2020: Report

On Monday, the Policy Research Institute of Market Economy (PRIME) released a report that stated that Pakistan's Prosperity Index continues to follow an upward trend, reaching an all-time high of 116.3 in November 2020.
Despite inflationary pressures and the second wave of the COVID-19 pandemic, over a 12-month period improvements in trade volume and output of large-scale manufacturing coupled with a modest increase in private sector lending led to an uptick in economic prosperity.

Updated 19 Jan, 2021 05:36pm

Business & Finance

WB's EODB: Pakistan makes major improvements in these areas

Out of six reform areas acknowledged in the 2020 report, the highest improvement of 58 points has been made in “starting a business” indicator.

Published 19 Jan, 2021 01:14pm

Pakistan

Broadsheet verdict: UK court reprimands NAB, says reckless conduct gave rise to "tortuous liability"

The quantum decision held Pakistan and NAB responsible of paying $21.58 million plus interest to the Broadsheet LLC as damages
UK judge says the anti-graft body made a deliberate decision ignoring economic harm to Broadsheet

Updated 19 Jan, 2021 01:07pm

Pakistan

Pakistan's coronavirus death toll crosses 11,000 mark

58 people died across the country during the last 24 hours.
1800 people also tested positive for COVID-19.

Updated 19 Jan, 2021 05:36pm

Business & Finance

Pakistan’s E&P cos expected to record significant profit drop amid sales decline

Pakistan’s listed E&P companies are likely to record a 8 percent YoY and 13pc QoQ decline in their profits during the second quarter of FY21.

Published 19 Jan, 2021 12:01pm

Business & Finance

Pakistan should withdraw anti-dumping duty imposed on BOPP from UAE: WTO

We suggest that Pakistan implement our recommendation by withdrawing the anti-dumping measures it has imposed on BOPP film from the United Arab Emirates, says WTO.

Published 19 Jan, 2021 11:12am

BR Research

Exciting half for textile exports

Textile exports during 1HFY21 increased by 7.8 percent year on year against a growth of 5 percent in total exports...

Published 19 Jan, 2021 07:40am

Pakistan

PPP’s Ameer Ali Shah secures unbeatable lead in Umerkot by-polls

The provincial assembly seat fell vacant after PPP leader Syed Ali Mardan Shah died of a cardiac arrest on January 19, 2019.
The votes were cast in the Umerkot by-polls on a total of 128 polling stations as voting continued for the entire day from 9:00 am to 5:00 pm.

Updated 18 Jan, 2021 08:52pm

Pakistan

Pakistan approves Sinopharm COVID-19 vaccine for emergency use

Drug Regulatory Authority of Pakistan approved use of the vaccine for emergency across Pakistan. The decision was taken in meetings held between January 14 and 18 after reviewing vaccine results data submitted by the National Institute of Health (NIH).

Updated 19 Jan, 2021 04:01pm

Pakistan

Three senators among 154 lawmakers suspended over failure to file assets returns

Chaudhry Fawad Hussain, Ali Zaidi, Amir Liaquat Hussain, Dr Fehmida Mirza, Mohsin Dawar, Khalid Maqbool Siddiqui are also included among the 48 members suspended from the National Assembly.
From total 1195 lawmakers, 1131 have submitted their declarations of assets, ECP stated.

Published 18 Jan, 2021 07:50pm

Pakistan

Pakistan condemns terrorist attack on village in Saudi Arabia

Pakistan reiterates support and solidarity with the Kingdom of Saudi Arabia against any threats to its security and territorial integrity, the Spokesperson maintained.

Published 18 Jan, 2021 06:48pm

Pakistan

Imran Khan forms committee over Broadsheet saga

The committee would include Fawad Chaudhry, Shireen Mazari, Babar Awan and Shehzad Akbar.
PM Imran said that the matter should be put before the masses in detail and all facts in the case before the London court should be made public.

Published 18 Jan, 2021 06:46pm

Business & Finance

Pakistan improves regulations in construction sector, says IMF

The IMF report on streamlining business regulations states, Pakistan is among the countries that have reduced the time it takes to deal with construction permits and also to obtain a new electricity connection.

Published 18 Jan, 2021 04:33pm

Pakistan

Traffic plan issued amid PDM’s protest outside ECP in Islamabad

The vehicles would be allowed to be parked at the Convention Centre, while the commuters coming from the GT Road and Motorway would be diverted to the Sringar Highway.
11-party opposition alliance has announced to stage a protest outside the commission tomorrow.

Published 18 Jan, 2021 04:30pm

World

FO condemns Houthi attack on Saudi Arabia’s Jazan region

On Sunday, three civilians including a man and two children were injured when a military projectile launched by the Houthi militants hit the border villages in Al-Ardha governorate of Jazan.

Published 18 Jan, 2021 04:25pm

Pakistan

NED student arrested in Karachi for financing Daesh

The student, identified as Muhammad Umar Bin Khalid, was arrested in an intelligence-based operation conducted by Counter-Terrorism Department CTD) near the Cantt Station.
Khalid reportedly collected money from people in Pakistan and sent it abroad to the terrorist group.

Updated 18 Jan, 2021 04:56pm

Pakistan

Petition moved in LHC against PDM’s sit-in outside ECP

The applicant stated that the institution works as per law and the protest of opposition outside the commission is a bid to interfere in its working.
11-party opposition alliance has announced to stage a sit-in outside the ECP’s office tomorrow (Tuesday).

Updated 18 Jan, 2021 06:35pm

Pakistan

Punjab imposes lockdown in more areas of Lahore, Gujranwala as COVID-19 cases rise

Lahore reported 352 cases and 10 deaths from COVID-19 in the past 24 hours.
The areas in Gujranwala will remain under lockdown till January 25.

Published 18 Jan, 2021 02:27pm

Pakistan

PM Imran summons session to review performance of ministries

The session will be attended by ministers, assistants, advisors and spokesperson in centre and provinces.
Governor Sindh Imran Ismail is also likely to meet PM Imran Khan in Islamabad today

Updated 18 Jan, 2021 02:26pm

Pakistan

Another cold wave likely to hit Karachi in last week of January: report

The Pakistan Meteorological Department has predicted cold and dry weather in the city as minimum temperature recorded at 10.0 ºCelsius.
Minimum temperature was recorded -14 Celsius in Skardu, -12 at Gopis, Astore and Leh, -08 at Anantnag, -07 at Bagrote, -06 in Gilgit, Hunza and Srinagar, -05 in Shopian, Parachinar and Ziarat.

Published 18 Jan, 2021 01:44pm

Business & Finance

Amid supply shortage Intl companies refuse to provide LNG to Pakistan

Pakistan LNG Limited (PLL) advertised a tender on 28 November 2020, for procurement of two spot LNG cargoes to be delivered in February 2021.

Updated 18 Jan, 2021 02:57pm

World

Trump signs Malala Yousafzai Scholarship for Pakistani women into law

US Agency of International Development (USAID) will be awarding 50% of the merit and needs-based scholarship programs across a wide range of academic disciplines to Pakistani women.
The Act was passed by the US House of Representatives last year in March.

Published 18 Jan, 2021 01:03pm

Business & Finance

Energy crisis to persist in Pakistan as Oil & Gas production decline

The decline was due to decline in production of Tal Block fields like Mardankhel and Makori Deep by 27 percent and 31 percent, respectively.

Published 18 Jan, 2021 12:38pm

Business & Finance

Pakistan's Retail Startup Unity Retail Raises Six-figure Seed Funding

Pakistan's e-commerce retail solution startup, Unity Retail, has successfully raised a six-figure Seed funding round in US dollars led by Boston Equity Partners.
Unity Retail hopes to use this investment for further marketing and product development.

Published 18 Jan, 2021 12:17pm

Business & Finance

Remittances from Overseas Pakistan projected to hit $28bn this year

“Interestingly, the government’s full year target is $21 billion while the central bank expects remittance inflows ranging between $24 billion to $26 billion. The current run rate indicates that inflows may hit $28.4 billion,” said Aslam.

Published 18 Jan, 2021 10:38am

Pakistan

'Brutal act of terrorism', FO condemns assassination of two female judges in Kabul

"This is a brutal act of terrorism. Pakistan condemns terrorism in all its forms and manifestations," FO said.
FO called upon all parties to accelerate the peace process.

Published 18 Jan, 2021 10:36am

Pakistan

Shafqat Mehmood wishes luck to students as they return to school today

Students of class 9 to 12, as well as O and A level students have returned to their schools today.
Educational institutions were closed on November 26 due to a surge in COVID-19 cases.

Published 18 Jan, 2021 09:19am

BR Research

LSM: the tides are changing

Large Scale Manufacturing (LSM) index jumped 14.5 percent in November 2020, arguably the fastest year-on-year growth...

Published 18 Jan, 2021 07:25am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 17	278.30
USD PKR Interbank Buying / May 17	278.10
USD to Japanese Yen / May 17	155.67
USD to Swiss Franc / May 17	0.91
Pound Sterling to USD / May 17	1.27
Euro to USD / May 17	1.09

Stock	Volume
S&P 500 / May 17	5303.27
India Sensex / May 17	73917.03
Tokyo Nikkei / May 17	38787.38
Nasdaq / May 17	16685.97
Hang Seng / May 17	19535.61
FTSE 100 / May 17	8420.26
Dow Jones / May 17	40003.59
Germany DAX 30 / May 17	18704.42

Item	Value
Crude Oil USD/Barrel / May 17	79.59
Karachi Cotton PKR/37.32 KG / May 17	19935
Gold 10 Grams PKR / May 17	210562
Gold Spot USD/Ounce / May 17	2386.18
Cotton US¢/pound / May 17	76.29
Petrol/Litre / May 19	273.10

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 19 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 19 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 19 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 19 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 19 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 19 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 19 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 19 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 19 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 19 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 19 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 19 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 19 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 19 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 19 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 19 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 19 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 19 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 19 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 19 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 19 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 19 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 19 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 19 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 19 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 19 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 19 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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