News Archives for Print - 2020-03-01

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Print - 2020-03-01

Open market rates of foreign currencies

Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Saturday (February 29, 2020).

Published 01 Mar, 2020 12:00am

Money & Banking

THE RUPEE: Recovers slightly

The rupee recovered modestly against the dollar on the money market on Saturday in the process of trading, dealers said.

Updated 01 Mar, 2020 04:46am

Kerb buying and selling rate of US dollar

Dollar buying and selling rate in the kerb market in rupees on Saturday (February 29, 2020).

Published 01 Mar, 2020 12:00am

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (February 29, 2020).

Published 01 Mar, 2020 12:00am

Lahore Paper Market Rates

Paper market rates in rupees on Saturday (February 29, 2020).

Published 01 Mar, 2020 12:00am

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (February 29, 2020)

Published 01 Mar, 2020 12:00am

Yarn Prices

Faisalabad yarn and fibre prices

Cotton yarn rates in rupees per 10 Lbs on Saturday (February 29, 2020).

Published 01 Mar, 2020 12:00am

Yarn Prices

Karachi Yarn Market Rate

Karachi Yarn Market Rates on Saturday (February 29, 2020).

Published 01 Mar, 2020 12:00am

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (February 29, 2020).

Published 01 Mar, 2020 12:00am

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (February 29, 2020).

Published 01 Mar, 2020 12:00am

The Weather

The weather report on Saturday (February 29, 2020) and the forecast for Sunday (March 1, 2020).

Published 01 Mar, 2020 12:00am

Schedules

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (February 29, 2020).

Published 01 Mar, 2020 12:00am

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (February 29, 2020).

Published 01 Mar, 2020 12:00am

Aaj TV - Sunday's schedule

All timings are in PST (Pakistan Standard Time).

Published 01 Mar, 2020 12:00am

Cricket

Women's T20 World Cup: New Zealand salvage win, India stay unbeaten

New Zealand salvaged an unlikely victory against Bangladesh Saturday to set up a crunch clash against Australia for a place in the women's T20 World Cup semi-finals, as impressive India kept their unbeaten record intact.

Published 01 Mar, 2020 12:00am

Other

Djokovic wins fifth Dubai trophy and 79th career title

Novak Djokovic captured his 79th career title on Saturday when he won the Dubai Championships for the fifth time, defeating Stefanos Tsitsipas 6-3, 6-4 in the final.

Published 01 Mar, 2020 12:00am

Cricket

Five-wicket haul for Jamieson as New Zealand take charge

Kyle Jamieson continued his eye-catching introduction to Test cricket with a five-wicket haul Saturday as New Zealand took the honours on day one of the second Test against India in Christchurch.

Published 01 Mar, 2020 12:00am

Cricket

Yasir Shah set to join Peshawar Zalmi after Mohsin's injury

Yasir Shah comes in as a replacement for Mohammad Mohsin in Peshawar Zalmi's squad, it was announced on Saturday.

Published 01 Mar, 2020 12:00am

Cricket

Injured Bismah ruled out of World Cup

Pakistan women cricket team skipper Bismah Maroof has been ruled out of the ICC Women's T20 World Cup 2020 after suffering communitive fracture in her right thumb during her side's 42-run defeat against England in Canberra on Friday.

Published 01 Mar, 2020 12:00am

Cricket

Asia Cup 2020 likely to be staged in Dubai in September

While the Asian Cricket Council (ACC) will be meeting in Dubai and it is expected that the Asia Cup-2020 T20 Tournament will be held in Dubai and both India and Pakistan will also participate, it has been learnt.

Published 01 Mar, 2020 12:00am

Cricket

PM likely to attend as KP U-21 Games set to open on March 6

U-21 Games of Khyber Pakhtunkhwa province will begin from March 6, 2020 and will continue till March 8, 2020.

Published 01 Mar, 2020 12:00am

Other

Cadet and Junior Taekwondo Championship ends: Korean Taekwondo Master praises Pakistan talent

Korean Taekwondo Master Hung Sung Su said Taekwondo is only game of Martial Arts, which is included in Olympic competitions, this game not only strengthen self-protection, self-confidence, harmony and respect but is also a very good healthy activity.

Published 01 Mar, 2020 12:00am

Cricket

Klaasen ton leads S Africa to big win over Australia

Heinrich Klaasen smashed an unbeaten century as South Africa claimed a 74-run victory over Australia in their first one-dayer played on a slow Boland Park wicket on Saturday.

Published 01 Mar, 2020 12:00am

Other

Two matches decided in Open Polo

The PBG Risala and ASC Polo Team carved out comfortable victories in the Zameen National Open Polo Championship for Quaid-e-Azam Gold Cup 2020 matches played here at Lahore Polo Club ground.

Published 01 Mar, 2020 12:00am

Football

Nadal strolls into Acapulco final

Rafael Nadal used a steady stream of blistering forehand winners and a heavy dose of precision serves to book his spot in the ATP Mexico Open final with a convincing 6-3, 6-2 win over Grigor Dimitrov.

Published 01 Mar, 2020 12:00am

Football

Chelsea stumble again at Bournemouth, West Ham ease relegation fears

Chelsea needed a double from Marcos Alonso to salvage a 2-2 draw at struggling Bournemouth as West Ham boosted their chances of survival with a 3-1 win over Southampton on Saturday.

Published 01 Mar, 2020 12:00am

Other

Paris half-marathon cancelled over coronavirus fears

The Paris half-marathon, which was scheduled for Sunday with 44,000 registered runners, has been cancelled over fears of coronavirus, officials said Saturday.

Published 01 Mar, 2020 12:00am

Commodities

Tunisia buys feed barley

Tunisia's state grains agency is believed to have purchased about 75,000 tonnes of animal feed barley to be sourced from optional origins in an international tender which closed on Thursday, traders said, confirming earlier assessments.

Published 01 Mar, 2020 12:00am

Energy

European gasoline margins fall

Northwest European gasoline refining margins fell on Thursday amid weak exports, shrugging off a continually weak crude price and falling inventories on both sides of the Atlantic. Oil prices plunged more than 4% on Thursday, down for a fifth day to their

Updated 01 Mar, 2020 04:39am

Commodities

Argentine soya crop estimate increased to 54.5 million tonnes

Argentina's 2019/20 soya crop is estimated at 54.5 million tonnes, the Buenos Aires Grains Exchange said in a report on Thursday, citing good season-long rains as its reason for increasing its previous forecast of 53.1 million tonnes.

Published 01 Mar, 2020 12:00am

Commodities

Canadian canola futures rise

ICE Canadian canola futures rose on Thursday with soyabeans, after setting a fresh contract low earlier, in volatile trade guided by outside markets. Coronavirus fears have pressured oil and equities, spilling negative sentiment onto canola, a trader note

Published 01 Mar, 2020 12:00am

Cotton & Textile

Slow trading activity on cotton market

Subdued business was witnessed on the cotton market on Saturday in the absence of leading factors, dealers said. The official spot rate maintained week-end level at Rs 9000, they added. In the ready session, 1000 bales of cotton from Jshania finalised at

Updated 01 Mar, 2020 04:39am

Energy

Asia's naphtha stays at five-month low

Asia's naphtha crack stayed at a five-month low for the second day on Thursday at $49.65 a tonne while gasoline crack hit a one-month low of $4.02 a barrel, weighed down by concerns of slower economic growth because of the coronavirus.

Updated 01 Mar, 2020 04:39am

Money & Banking

Dollar dives to 20-week low against yen on Fed rate cut hint

The US dollar slid to a 20-week low against the Japanese yen on Friday after Federal Reserve Chair Jerome Powell suggested the central bank could cut interest rates in the wake of the coronavirus.

Updated 01 Mar, 2020 04:39am

Money & Banking

Britain wants binding obligations on access to EU financial market

Britain said on Thursday it wanted "legally binding" obligations on access to the European Union financial market, coupled with arrangements for maintaining trust as rules evolve.

Updated 01 Mar, 2020 04:39am

Money & Banking

Commodity-linked loonie slides to 9-month low

The Canadian dollar weakened to a nine-month low against the greenback on Friday as concerns rose about the impact of the coronavirus outbreak on Canada's commodity-linked economy and data showed barely any growth in the fourth quarter.

Updated 01 Mar, 2020 04:39am

Money & Banking

African currencies week ahead: Zambia, Uganda currencies seen softening, Kenya's to firm

Zambia's and Uganda's currencies are expected to fall next week, while Kenya's is expected to rise, traders say.

Updated 01 Mar, 2020 04:39am

Money & Banking

Dollar net long position climbs on safe-haven bids

Speculators' net long US dollar positioning climbed in the latest week, matching levels seen during the week of Dec. 3, according to calculations by Reuters and US Commodity Futures Trading Commission data released on Friday.

Updated 01 Mar, 2020 04:39am

Money & Banking

Brazil real hits new low

The Brazilian real sank to a new low against the dollar on Friday, taking its losses this year to 11% as the relentless selling overwhelmed the central bank's third consecutive daily market intervention to ease the pressure.

Updated 01 Mar, 2020 04:39am

Money & Banking

S&P falls for 7th day, suffers biggest weekly plunge since 2008

The S&P 500 fell for the seventh straight day on Friday and the benchmark index suffered its biggest weekly drop since the 2008 global financial crisis on growing fears the fast-spreading coronavirus could push the economy into recession, although stocks

Updated 01 Mar, 2020 04:39am

Money & Banking

Global stocks outlook still positive, but vulnerable to coronavirus

Global stocks have further to run this year, but the likelihood of a correction of 10% or more is high, according to Reuters polls of market strategists, with the severity of the economic hit from the coronavirus outbreak being the biggest risk.

Updated 01 Mar, 2020 04:39am

Money & Banking

European bonds: Coronavirus fears spark dash for safe-haven bonds, inflation expectations slide

Safe-haven German bond yields hit a five-month trough on Friday, Italian borrowing costs headed for their biggest weekly rise since October and a key gauge of long-term inflation expectations struck record lows as coronavirus panic swept through markets.

Updated 04 Mar, 2020 10:38am

Money & Banking

Goldman Sachs Asset Management added to stocks portfolio as markets tumbled

Portfolio managers at Goldman Sachs Asset Management have used the recent selloff in global stocks caused by the coronavirus as an opportunity to take positions in a range of companies focusing on everything from concerts to cosmetics.

Updated 01 Mar, 2020 04:39am

Money & Banking

Kaspi revives plans for London float

Kazakh financial group Kaspi.kz is reviving plans for a stock market listing in London, hoping to benefit from a sharper appetite for share offerings, three people close to the matter said.

Updated 01 Mar, 2020 04:44am

Opposition urges 'Russia without Putin' in rally for slain liberal

Thousands rallied in central Moscow on Saturday to call on President Vladimir Putin not to stay in power indefinitely, in the first major protest by the Russian opposition since the Kremlin chief announced controversial plans to change the constitution.

Published 01 Mar, 2020 12:00am

Top British home office mandarin quits in minister bullying row

Britain's top government official in the ministry responsible for policing and counter-terrorism resigned on Saturday, saying there had been an orchestrated campaign to remove him. Philip Rutnam quit after reports of tensions between him and Home Secretar

Published 01 Mar, 2020 12:00am

Global Business Economy

Advertising spending on US primaries surpasses $1 billion

Advertising spending on the US presidential primaries has surpassed an "unprecedented" $1 billion, half of which came from the coffers of billionaire Democratic White House hopeful Michael Bloomberg, a tracking firm said Friday.

Published 01 Mar, 2020 12:00am

Trump wins key court case on snub of Congressional subpoenas

The White House won a key victory for presidential power Friday when an appeals court rejected a lawsuit over President Donald Trump's blocking his former legal advisor from honoring a Congressional subpoena.

Published 01 Mar, 2020 12:00am

US postpones ASEAN regional summit due to coronavirus: US official

The United States has delayed a regional ASEAN summit scheduled to take place in Las Vegas next month due to fears of the coronavirus, a senior administration official said Friday.

Updated 04 Mar, 2020 10:46am

More than 200,000 hit by Congo floods

More than 200,000 people have been affected by floods that have ravaged Republic of Congo since last year, authorities said Saturday. The government has issued an urgent international appeal after the flooding along the Congo and Ubangi rivers in the coun

Published 01 Mar, 2020 12:00am

Greece pushes back migrants after Turkish border 'onslaught'

Greek police fired teargas to push back hundreds of stone-throwing migrants trying to cross over the border from Turkey on Saturday, as a crisis over Syria shifted onto the European Union's doorstep. Greece, which has tense relations with Turkey at the be

Published 01 Mar, 2020 12:00am

Virus hammers China's February economic activity

China's manufacturing activity fell to its lowest level on record in February as official data on Saturday confirmed the massive damage the deadly coronavirus epidemic has caused to the world's second-largest economy.

Published 01 Mar, 2020 12:00am

Telecommunication

Regulators move to fine telecoms for selling location data

US regulators moved to impose fines Friday against the nation's four major wireless carriers for selling location data of customers without their consent.

Published 01 Mar, 2020 12:00am

US game makers conference postponed amid virus fears

A game developers conference in San Francisco was postponed Friday, after Facebook and Microsoft withdrew from the event due to concerns about the spread of novel coronavirus. The annual gathering was due to start March 16 in a downtown convention center

Published 01 Mar, 2020 12:00am

Energy

Venezuela names new vice presidents for four PDVSA units

Venezuela has named new vice presidents for four units of its state oil company PDVSA, as well as a new president for the unit of the company handling joint ventures with private oil companies, according to a copy of the official gazette seen by Reuters o

Updated 01 Mar, 2020 04:39am

Global Business Economy

Can the Fed inoculate US economy against virus impact?

The US Federal Reserve stands ready to take action to counter the risks posed by the novel coronavirus crisis, the central bank's chairman Jerome Powell said Friday, while insisting that the US economy remains in a good position.

Updated 01 Mar, 2020 04:44am

PTI leader distributes face masks

As precautionary measure, Pakistan Tehreek-e-Insaf (PTI) leader and PTI Karachi Region President Khurrum Sher Zaman along with PTI Karachi workers distributed thousands of masks and pamphlets on coronavirus on Saturday in front of Civil Hospital Karachi (

Published 01 Mar, 2020 12:00am

Business & Economy

E-vehicle sector being promoted to tackle effects of climate change: Malik Amin

Adviser to Prime Minister on Climate Change Malik Amin Aslam has underlined that in an era when electric vehicles (EVs) are shaking up the auto industry globally; the Pakistan Tehreek-e-Insaf government (PTI) is taking serious steps for implementing an el

Published 01 Mar, 2020 12:00am

Two killed in Quetta rival groups clash

Two people were killed in armed clash between two rival groups here on Saturday, police said. According to details, the incident took place in Sardar Kale area of Sardariab Road Quetta where two rival groups traded fire. In cross firing two people, Adam K

Published 01 Mar, 2020 12:00am

Business & Economy

PSDP 2019-20: Government releases Rs 464.71 billion for various ongoing, new projects

The federal government has released Rs 464.71 billion (66.3 percent) including Rs 92.74 billion foreign aid (72.3 percent) for various ongoing and new development projects under the Public Sector Development Programme (PSDP) 2019-2020 against the total bu

Published 01 Mar, 2020 12:00am

Poultry industry demands sharp decline in production cost

The poultry industry has urged the government to take serious measures for reduction in production cost as the sector is facing massive losses mainly due to unprecedented hike in input cost.

Published 01 Mar, 2020 12:00am

Money & Banking

EFU Life recognised at International forum yet again

EFU Life Assurance Limited, the leading life insurance provider in the country, has been recognized at an international forum yet again. After winning at the Dragons of Asia Awards, with the 'Blue dragon' for Best Campaign in Pakistan and Gold Dragon for

Updated 01 Mar, 2020 04:39am

Cotton & Textile

Gas, power at regionally competitive rate: Government move to boost value-added textile exports

The government decision of electricity supply at regionally competitive rate of 7.5 cents per kwh and gas at 6.5 dollars per mmbtu to the export sector will give a significant boost to the value-added textile exports.

Updated 01 Mar, 2020 04:39am

Business & Economy

ML-1 project accord likely to be signed on May 10: Rashid

Railways Minister Sheikh Rashid Ahmad has said that the nation will soon hear the good news about ML-1 and the project agreement is hopefully be signed on May 10, 2020.

Published 01 Mar, 2020 12:00am

Business & Economy

Ring road, Techno Park projects: FDA reviews pre-feasibility reports

Faisalabad Development Authority (FDA) reviewing the pre-feasibility reports about the proposed mega projects of Faisalabad Ring road, Techno Park, improvement of master plan and activation of TEPA under the arrangements of Faisalabad Development Authorit

Published 01 Mar, 2020 12:00am

PPP never gets involved in politics of religion: Aitzaz

Pakistan Peoples Party (PPP) stalwart Ch Aitezaz Ahsan said Saturday the PPP has never been involved in the politics of religion. Talking to media, he said the PPP had made it clear to Maulana Fazlur Rehman that it would not be involved in the politics of

Published 01 Mar, 2020 12:00am

PPA-NR chief demands relief package

Pakistan Poultry Association (PPA-Northern Region)chairman Chaudhry Muhammad Fargham has urged the government to curtail increasing input cost to reduce poultry farmer's cost of production and to make poultry products acceptable to consumer's pockets.

Published 01 Mar, 2020 12:00am

Even mosques & graveyards are not safe in India: governor

Punjab Governor Chaudhry Mohammad Sarwar said in his Twitter message that even mosques and graveyards are not safe in India and it has become a crime to be a Muslim in India. Why United Nations is becoming a silent spectator over Delhi riots, he asked.

Published 01 Mar, 2020 12:00am

Domestic, commercial connections: Wasa decides to install over 7 million new smart water meters

To overcome water scarcity, Water and Sanitation Authority (Wasa) has decided to install over 7 million new smart water meters on both domestic and commercial connections at a cost of Rs 10.353 billion.

Published 01 Mar, 2020 12:00am

PSM chief meets PMC management

Pakistan Steel Mill (PSM) chairman Aamir Mumtaz on Saturday met the management of the Punjab Mineral Company (PMC) to review a possibility of collaboration between the two institutions for indigenous resource utilization.

Published 01 Mar, 2020 12:00am

Murad orders purchase of coronavirus's testing kits

One more Coronavirus case has been diagnosed in the city, the patient has been shifted to hospital and his family members who were in contact with him have also been isolated in their house.

Published 01 Mar, 2020 12:00am

Gold plunges by Rs 2150

Gold on Saturday plunged by Rs 2150 per tola to Rs 91600 on the local market, traders said.

Published 01 Mar, 2020 12:00am

PIA call centre facilitating affected passengers

Due to the temporary entry restrictions by Saudi Arabia because of coronavirus (COVID 19) outbreak, certain mandatory preventive measures have been added for airlines coming to Saudi Arabia from various countries including Pakistan where cases of coronavi

Published 01 Mar, 2020 12:00am

Ex-PSM chief acquitted in corruption case

An accountability court on Saturday acquitted former chairman of Pakistan Steel Mills (PSM) Moeen Aftab over lack of evidence in a corruption reference worth Rs 490 million.

Published 01 Mar, 2020 12:00am

Another polio case surfaces in Sindh

Another polio case emerged in Sindh province on Saturday, raising the total number of cases in the ongoing year to 20.

Published 01 Mar, 2020 12:00am

Business & Economy

Country possesses hidden natural resource: FPCCI chief

Vice President, Federation of Pakistan Chamber of Commerce and Industry (FPCCI) Khurram Ijaz has said that Pakistan is a peaceful investment friendly country and a land of unimaginable beauty with untapped tourism potential.

Published 01 Mar, 2020 12:00am

Prices of essential kitchen items witness declining trend

Prices of essential kitchen items have witnessed a decreasing trend during this past week as compared to the week before, a survey carried out by Business Recorder revealed here on Saturday.

Published 01 Mar, 2020 12:00am

Punjab, KP receive first rainfall of spring

Several cities of Punjab as well Peshawar and other parts of Khyber Pakhtunkhwa have received first rainfall of spring.

Published 01 Mar, 2020 12:00am

Energy

PESCO gears up drive against power thieves

Drive against illegal use of electricity and recovery of dues has geared up on the directives of the Chief Executive Officer (CEO), Peshawar Electric Supply Company (PESCO), across Khyber Pakhtunkhwa.

Updated 01 Mar, 2020 04:39am

ANP greets Afghan people on peace agreement

ANP's President, Asfandyar Wali Khan has congratulated the people of Afghanistan on the signing of peace agreement between United States and Taliban in Qatar and termed it a point of new beginning. In a statement issued from Wali Bagh Charsadda here Satur

Published 01 Mar, 2020 12:00am

Bilawal to visit central Punjab

Bilawal Bhutto Zardari will visit central Punjab from 2nd of March and address party meetings in Sahiwal, Pakpattan and Okara, said General Secretary of Pakistan Peoples Party (PPP) Punjab. He said Bilawal will address a Meet the Press programme at the La

Published 01 Mar, 2020 12:00am

PTI government fails to honour promises made to KP people: ATP

The Amun Taraqqi Party (ATP), chairman Muhammad Faiq Shah has criticized the Pakistan Tehreek-e-Insaf (PTI) leaders have taken frequent U-turns but failed to honour their commitments with people of the Khyber Pakhtunkhwa.

Published 01 Mar, 2020 12:00am

Business & Economy

BISP to function under federal government's Ehsaas Kifalat Programme

There is no move in the offing to either rename or abolish Benazir Income Support Programme (BISP), which would continue to function under the ambit of Ehsaas Kifalat Programme as part of the federal government's Ehsaas Programme, it has been learnt.

Published 01 Mar, 2020 12:00am

Coronavirus: situation in Punjab normal: Buzdar

Punjab Chief Minister Sardar Usman Buzdar on Saturday maintained that the situation concerning coronavirus in Punjab is normal adding "All the precautionary and preventive measures have been taken".

Updated 04 Mar, 2020 10:50am

NCHD-Alight Pakistan to establish 22 schools in GB

The National Commission for Human Development (NCHD) and Alight Pakistan, formerly American Refugee Committee, have agreed to join hands to impart free education to out-of-school children at 22 schools in Gilgit-Baltistan (GB) province.

Published 01 Mar, 2020 12:00am

Carjacking cases continue unabated in capital

Over seven cases of various kinds of thefts and three cases of auto theft were reported at various police stations of the federal capital during last week. According to data gathered by Business Recorder, various police stations registered seven cases of

Published 01 Mar, 2020 12:00am

Business & Economy

Three-day expo 'SAVDEX' concludes

The three-day "Suppliers and Vendors Defence Exhibition (SAVDEX 2020)" organized by the Lahore Chamber of Commerce and Industry (LCCI) and Defence Export Promotion Organization (DEPO) concluded here on Saturday.

Published 01 Mar, 2020 12:00am

Saad Rafique hospitalized

The Pakistan Muslim League Nawaz (PML-N) leader Khwaja Saad Rafique was taken to the Services hospital where doctors had suggested surgery of his throat.

Updated 01 Mar, 2020 04:44am

Trump's India visit

A deeper look into what US President Donald Trump said and did during his two-day visit to India may suggest that he did not mean what he said in public. For instance, he reiterated his offer to mediate on Kashmir. According to him, prime ministers Imran

Published 01 Mar, 2020 12:00am

Passing of a repressive ruler

Ousted president of Egypt Hosni Mubarak who ruled the country with an iron fist for three decades is dead, leaving his authoritarian legacy intact. He rose to prominence for his role in the 1973 Yom Kippur war against Israel as the commander of air force,

Published 01 Mar, 2020 12:00am

Articles

Keeping Orange Line alive

Lahore Orange Line (train) rapid transit system is in the process of test run with commercial operations to commence by June 2020. This is second of four planned mass transit systems of Lahore. Green Line metro bus system is in operation for seven years,

Published 01 Mar, 2020 12:00am

Articles

With Taliban deal, US shifts away from two decades of global war

In making peace with the Taliban, the United States is moving to end its longest-ever war and also signalling a major shift: After two decades, an era of global US military interventionism is winding down.

Published 01 Mar, 2020 12:00am

Articles

Global economy wavers as world comes to standstill amid epidemic

The world is coming to a standstill as the new coronavirus spreads: schools have closed in Japan, rallies are banned in Switzerland and flights are canceled worldwide.

Published 01 Mar, 2020 12:00am

Letters

The coronavirus challenge

This is apropos a Business Recorder news items "Coronavirus panic sends global stocks tumbling" and "WHO raises global risk from 'high' to 'very high'" carried by the newspaper yesterday. It is therefore a matter of deep concern that coronavirus pa

Published 01 Mar, 2020 12:00am

Mahathir out as king names PM

Malaysia's 94-year-old Mahathir Mohamad lost out in a battle to become prime minister on Saturday as the king named former interior minister Muhyiddin Yassin after a week of political turmoil sparked by Mahathir's resignation.

Updated 01 Mar, 2020 04:59am

Trump moves to calm virus fears after first death on US soil

US President Donald Trump moved to quell fears about the novel coronavirus after the first death on US soil was confirmed Saturday.

Updated 01 Mar, 2020 04:59am

Johnson to wed with girlfriend

British Prime Minister Boris Johnson and his girlfriend Carrie Symonds announced on Saturday that they are expecting a baby and have got engaged. A Downing Street spokeswoman confirmed the news to AFP without providing further comment.

Updated 01 Mar, 2020 04:59am

Engro Fertilizers expedites efforts to get 25 MMCFD gas on permanent basis

Engro Fertilizers has expedited its efforts to get 25 MMCFD gas on permanent basis against reduction of urea prices by Rs 400 per bag, well informed sources told Business Recorder. For this purpose, a delegation of M/s Engro Fertilizers met with Pr

Updated 01 Mar, 2020 04:59am

Taftan border closed again after temporary opening

The Taftan border between Pakistan and Iran remains closed for seventh day conservatively after a temporary opening on Saturday. 252 pilgrims have been sent to Quetta from the isolation ward at the Pakistan House after they were tested negative for the co

Updated 01 Mar, 2020 04:59am

AJK President describes situation in IOK as grave human tragedy

Azad Jammu & Kashmir (AJ&K) President Sardar Masood Khan on Saturday described the situation in the Indian Occupied Kashmir (IOK) as a "grave human tragedy" and emphasized the need for adopting a more proactive approach to highlight it at powerful global

Updated 01 Mar, 2020 04:59am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 10	280.13
USD PKR Interbank Buying / Mar 10	279.93
USD to Japanese Yen / Mar 11	147.18
USD to Swiss Franc / Mar 11	0.88
Pound Sterling to USD / Mar 11	1.29
Euro to USD / Mar 11	1.08
UK LIBOR % / Mar 10	4.96

Stock	Volume
S&P 500 / Mar 10	5,614.56
Nasdaq / Mar 10	17,468.32
FTSE 100 / Mar 10	8,600.22
Dow Jones / Mar 10	41,911.71
Germany DAX 30 / Mar 10	22,620.95
France CAC40 / Mar 10	8,047.60
India Sensex / Mar 11	73,943.98
Tokyo Nikkei / Mar 11	36,649.57
Hang Seng / Mar 11	23,539.43

Item	Value
Karachi Cotton PKR/37.32 KG / Mar 10	17,585
Gold 10 Grams PKR / Mar 10	262,345
Petrol/Litre / Mar 11	255.63
Crude Oil USD/Barrel / Mar 11	66.06
Gold Spot USD/Ounce / Mar 11	2,894.43
Diesel/Litre / Mar 11	258.64
Cotton US¢/pound / Mar 11	65.78

Gainers
Losers
Leaders

Stock	Price
Pak Gen.Ins. / Mar 11 The Pakistan General Insurance Co. Ltd.(PKGI)	9.84 ▲ 0.99 (11.19%)
At-Tahur Ltd. / Mar 11 At-Tahur Limited(PREMA)	35.37 ▲ 3.22 (10.02%)
Supernet Ltd. / Mar 11 Supernet Limited (GEM)(GEMSPNL)	19.25 ▲ 1.75 (10%)
JS Investments / Mar 11 JS Investments Limited(JSIL)	23.99 ▲ 2.18 (10%)
Barkat Frisian Agro / Mar 11 Barkat Frisian Agro Limited(BFAGRO)	24.22 ▲ 2.2 (9.99%)
Macter Int. Ltd / Mar 11 Macter International Limited(MACTER)	355.69 ▲ 32.3 (9.99%)
Hussain Industries / Mar 11 Husein Industries Limited(HUSI)	28.29 ▲ 2.48 (9.61%)
Kohinoor Mills / Mar 11 Kohinoor Mills Limited(KML)	32.88 ▲ 2.86 (9.53%)
Nazir Cotton Mills / Mar 11 Nazir Cotton Mills Limited(NCML)	11.79 ▲ 0.98 (9.07%)
F.Credit & Inv / Mar 11 First Credit and Investment Bank Limited(FCIBL)	8 ▲ 0.65 (8.84%)

Stock	Price
Sec. Inv. Bank / Mar 11 Security Investment Bank Limited(SIBL)	7.12 ▼ -0.99 (-12.21%)
786 Invest Ltd / Mar 11 786 Investments Limited(786)	8.35 ▼ -0.93 (-10.02%)
Sindh Abadgar / Mar 11 Sindh Abadgar's Sugar Mills Limited(SASML)	50.18 ▼ -5.58 (-10.01%)
Int. Knit. / Mar 11 International Knitwear Limited(INKL)	16.27 ▼ -1.71 (-9.51%)
Power Cem(Pref) / Mar 11 Power Cement (Pref)(POWERPS)	13.30 ▼ -1.16 (-8.02%)
Jahangir Sidd(Pref) / Mar 11 Jahangir Sidd(Pref)(JSCLPSA)	8.50 ▼ -0.74 (-8.01%)
First Elite Cap.Mod / Mar 11 First Elite Capital Modaraba(FECM)	10.12 ▼ -0.88 (-8%)
Shaheen Ins. / Mar 11 Shaheen Insurance Company Limited(SHNI)	6.43 ▼ -0.52 (-7.48%)
Noon Sugar / Mar 11 Noon Sugar Mills Limited(NONS)	73.52 ▼ -5.48 (-6.94%)
Dewan Textile / Mar 11 Dewan Textile Mills Limited(DWTM)	8.01 ▼ -0.47 (-5.54%)

Stock	Volume
Power Cement / Mar 11 Power Cement Limited(POWER)	24,823,328 ▼ -0.19
Fauji Cement / Mar 11 Fauji Cement Company Limited(FCCL)	22,194,869 ▼ -0.41
Maple Leaf Cement / Mar 11 Maple Leaf Cement Factory Limited(MLCF)	19,750,525 ▼ -0.53
B.O.Punjab / Mar 11 The Bank of Punjab(BOP)	19,550,989 ▲ 0.14
Sui South Gas / Mar 11 Sui Southern Gas Company Limited(SSGC)	17,959,994 ▲ 0.14
K-Electric Ltd. / Mar 11 K-Electric Limited(KEL)	16,661,305 ▼ -0.05
WorldCall Telecom / Mar 11 Worldcall Telecom Limited(WTL)	12,498,695 ▼ -0.02
At-Tahur Ltd. / Mar 11 At-Tahur Limited(PREMA)	11,338,540 ▲ 3.22
National Bank / Mar 11 National Bank of Pakistan(NBP)	9,526,421 ▲ 0.47
D.G.K.Cement / Mar 11 D.G. Khan Cement Company Limited(DGKC)	9,171,488 ▼ -0.13

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