News Archives for Print - 2020-03-03

Print - 2020-03-03

Cricket

PCB appears ineffective to avoid coronavirus threat during HBL PSL 2020

Pakistan Cricket Board (PCB) appears ineffective to ensure thermal scanning of the spectators at the stadiums during Pakistan Super League (PSL) matches to prevent spreading coronavirus in the country, despite having four cases reported in Karachi and Isl

Updated 03 Mar, 2020 10:26am

Jammu and Kashmir: OIC SG's special envoy briefed about IOK situation

Parliam-entary Committee on Kashmir Monday briefed the visiting OIC Secretary General's Special Envoy for Jammu and Kashmir, Ambassador Yousef M. Al Dobeay and his delegation on the worst human rights situations in Indian occupied Jammu and Kashmir. The p

Published 03 Mar, 2020 12:00am

Stocks

KSE-100 Index advances: BRIndex100 rallies

Reports of weakening inflation and rising crude oil prices in world market Monday triggered aggressive buying at attractive low levels that supported Pakistan Stock Exchange to close on a positive note with healthy gains. BRIndex100 gained 148.96 points o

Published 03 Mar, 2020 12:00am

Mega undergraduate scholarship programme launched

Prime Minister Imran Khan on Monday said the top-most priority of his party's government is to uplift the poorest of the poor of the society, for which "we want to uplift those who have the drive to excel and progress in life".

Published 03 Mar, 2020 12:00am

Money printing: Law being amended to contain fiscal deficit financing: Baqir

The State Bank of Pakistan's (SBP's) law is being amended to contain the fiscal deficit financing through money printing. While addressing the members of English Speaking Union on Monday at a hotel here, Governor SBP Dr. Reza Baqir said the SBP used to pr

Published 03 Mar, 2020 12:00am

February CPI inflation up 12.4 percent YoY

The Consumer Price Index (CPI) on year-on-year (YoY) basis recorded an increase of 12.4 percent in February 2020 against the same period of 2019, the monthly review of price indices released by Pakistan Bureau of Statistics (PBS) revealed Monday.

Published 03 Mar, 2020 12:00am

July-February: Exports post 3.62 percent growth

The country's exports have posted 3.62 per cent growth during the first eight months (July-February) of 2019-20 to $ 15.643 billion from $ 15.096 billion during the corresponding period of 2018-19, official sources told Business Recorder.

Published 03 Mar, 2020 12:00am

Slowdown shrugged off: Listed banks' profit up 20 percent in CY19

Despite economic slowdown, the profitability of listed commercial banks increased by 20 percent or Rs 30 billion to Rs 177 billion in the calendar year 2019. "The year 2019 has been an exceptional year for the banking sector with profitability increasing

Published 03 Mar, 2020 12:00am

Petroleum Division seeks to divest 10 percent government stake in OGDCL

The Petroleum Division has reportedly floated a proposal for divestment of 10 percent government shareholding in Oil and Gas Development Company Limited (OGDCL) to a strategic investor instead of 7 percent, sources close to the privatisation minister told

Published 03 Mar, 2020 12:00am

Taliban end partial truce as Afghan violence resumes

A deadly blast shattered a period of relative calm in Afghanistan on Monday and the Taliban ordered fighters to resume operations against Afghan forces just two days after signing a deal to usher in peace. No group immediately claimed responsibility for t

Published 03 Mar, 2020 12:00am

Transmission licence: NTDC accuses Nepra of violating laws

National Transmission and Despatch Company (NTDC) has accused Nationalised Electric Power Regulatory Authority (Nepra) of violating laws in granting transmission licence to Sindh Transmission and Despatch Company (STDC).

Published 03 Mar, 2020 12:00am

Overdue adjustments: Discos' tariffs to jump to Rs 24.47 per unit, Cabinet told

The Power Division has reportedly alarmed the federal cabinet that present electricity tariffs of distribution companies (Discos) will jump by 31 percent from existing Rs 18.65 per unit to Rs 24.47 per unit with adjustments already due, if its action plan

Published 03 Mar, 2020 12:00am

Cabinet to be briefed on measures

The federal cabinet will be briefed on the measures being put in place to tackle the rise of coronavirus in Pakistan after reported four confirmed cases. Prime Minister Imran Khan is scheduled to chair the federal cabinet meeting on Tuesday (today), where

Published 03 Mar, 2020 12:00am

Economic response to coronavirus stepped up

Governments and central banks on Monday stepped up efforts to shield the world economy from the impact of the coronavirus which experts say may have already sent growth into reverse. Investors welcomed indications from leading central banks that they sto

Published 03 Mar, 2020 12:00am

Global growth plunging into downturn: OECD

The coronavirus outbreak is plunging the world economy into its worst downturn since the global financial crisis, the Organisation for Economic Cooperation and Development warned on Monday, urging governments and central banks to fight back to avoid an ev

Published 03 Mar, 2020 12:00am

NAB files another reference against Zardari, Nawaz & Gilani

The National Accountability Bureau (NAB) has filed another corruption reference against former president Asif Ali Zardari and two former prime ministers Nawaz Sharif and Syed Yousaf Raza Gilani for allegedly acquiring vehicles and gifts from Toshakhana (t

Published 03 Mar, 2020 12:00am

Buying ration: Government to assist people who earn less than Rs 25,000: PM

Prime Minister Imran Khan Monday said the provision of relief to low-income segments of the society and adhering to their basic needs, was the foremost responsibility of the state. Chairing a meeting regarding the provision of relief to low-income groups,

Published 03 Mar, 2020 12:00am

Wheat crisis: IHC issues notices to minister, others

The Islam-abad High Court (IHC) on Monday issued notices to the minister and the secretary Ministry of National Food Security and Research and others, regarding a petition to constitute an independent judicial commission to probe the wheat crisis.

Published 03 Mar, 2020 12:00am

Saudi minister, COAS discuss defence cooperation

His Royal Highness, Prince Khalid Bin Salman Bin Abdulaziz Al Saud, Deputy Minister of Defence, Kingdom of Saudi Arabia (KSA), called on Chief of Army Staff (COAS) General Qamar Javed Bajwa at GHQ on Monday. During the meeting views were exchanged on issu

Published 03 Mar, 2020 12:00am

Afghan refugees: UNHCR's voluntary repatriation programme resumes

UNHCR, the UN Refugee Agency has resumed its voluntary repatriation programme for registered Afghan refugees on Monday, after a three-month winter break. The voluntary repatriation operations had been suspended for the winter period from 1 December 2019 u

Published 03 Mar, 2020 12:00am

NA body expresses concern over online rules

Expressing serious concerns over the Citizens Protection (Against Online Harm) Rules 2020, the National Assembly Standing Committee on Information Technology observed that if the social media companies were banned for not abiding the rules, it might resul

Published 03 Mar, 2020 12:00am

Zardari's house: NAB's plea allowed by court

The Accountability Court hearing multi-billion-rupee fake bank accounts case on Monday approved the National Accountability Bureau's(NAB's) request seeking confirmation of seizure of former president Asif Ali Zardari's house situated in Karachi's Clifton

Published 03 Mar, 2020 12:00am

KCR revival hangs in the balance!

Despite the Supreme Court orders, revival of long-delayed Karachi Circular Railway (KCR) hangs in the balance, as the stakeholders appeared to be in disagreement over the modus operandi of anti-encroachment operation to retrieve the project land.

Published 03 Mar, 2020 12:00am

Letters

'IMF lending - Pakistan vs Egypt'

This is apropos a Business Recorder op-ed "IMF lending - Pakistan vs Egypt" carried by the newspaper on Saturday. While drawing some interesting parallels between the two countries the writer, Farhat Ali, has conveniently ignored some key facts wit

Published 03 Mar, 2020 12:00am

Articles

Newly obtained documents show Huawei role in shipping prohibited US gear to Iran

China's Huawei Technologies, which for years has denied violating American trade sanctions on Iran, produced internal company records in 2010 that show it was directly involved in sending prohibited US computer equipment to Iran's largest mobile-phone ope

Published 03 Mar, 2020 12:00am

Articles

An expedient deal

The signing of the 'peace' deal between the US and the Taliban in Doha on February 29, 2020 has been touted by Pakistan as proof of its role as a peace maker and facilitator in ending the 19-year-old Afghan conflict. But even the quietly triumphant note i

Published 03 Mar, 2020 12:00am

Articles

FBR revenue shortfall

The shortfall in FBR revenues is likely to reach a record level this year. The magnitude of this shortfall will be the prime determinant of the extent to which the primary deficit in the budget diverges from the target level agreed with the IMF for 2019-2

Published 03 Mar, 2020 12:00am

Disasters waiting to happen

The train-bus collision between Khairpur and Rohri on February 28, 2020 killed 19 people and injured more than 30 (one report quoted a figure for the injured at 40-45). The death toll is likely to rise if some of the critically injured submit to their inj

Updated 04 Mar, 2020 06:28am

Banking system: negative implications of 'grey list'

The continued designation of Pakistan in the grey list by the Financial Action Task Force (FATF) is, to say the least, quite disturbing. According to Moody's Investor Service, a top credit rating agency in the world, "Pakistan's continued presence on the

Updated 04 Mar, 2020 06:29am

Pir Pagara calls on PM

Pakistan Muslim League (F) chief Pir Sahib Pagara on Monday called on Prime Minister Imran Khan. Sindh Governor Imran Ismail and Pir Sadaruddin Shah were also present on the occasion. Political affairs of Sindh and solution of people's problems were discu

Published 03 Mar, 2020 12:00am

Coronavirus: Health emergency declared in KP

The government of Khyber Pakhtunkhwa Monday declared the state of health emergency across the province in the wake of COVID-19 (Novel CoronaVirus) pandemic confirmed in all neighbouring countries.

Updated 04 Mar, 2020 10:54am

Convictions by military courts: SC urges CJP to constitute larger bench

The Supreme Court on Monday referred the matter to the Chief Justice of Pakistan to constitute a larger bench for the hearing of cases related to military courts.

Published 03 Mar, 2020 12:00am

Senators hail signing of US, Taliban peace deal

The senators from the treasury and the opposition benches on Monday appreciated the signing of the United States-Taliban Peace Agreement, while demanding a briefing from Foreign Minister Shah Mahmood Qureshi on the matter. "This is a very welcome developm

Published 03 Mar, 2020 12:00am

Business & Economy

BRT to become operational within two months: KP Speaker

Speaker Khyber Pakthunkhwa Assembly, Mushtaq Ahmed Ghani has said that 99.9 percent work on Bus Rapid Transit (BRT) project has been completed and would be opened for general public within 45 days to provide state-of-the-art transportation facilities to h

Published 03 Mar, 2020 12:00am

Business & Economy

KP consults stakeholders on new industrial policy

Special Assistant to KP Chief Minister on Industries and Commerce, Abdul Karim Khan has urged upon the investors and industrialists for their recommendations to include in the draft industrial policy.

Published 03 Mar, 2020 12:00am

Money & Banking

BankIslami announces financial results

The Board of Directors of BankIslami Pakistan Limited ('The Bank' or 'BankIslami') in their meeting held on February 27, 2020 in Karachi approved the Bank's audited financial results for the year ended December 31, 2019.

Published 03 Mar, 2020 12:00am

Business & Economy

KCCI chief calls for resolving issues of business & industrial community

"It is high time that all three tiers of the government including the federal, provincial and local governments must give precedence to the issues being suffered by the business & industrial community of Karachi which contributes around 70 percent to the

Published 03 Mar, 2020 12:00am

Four hoarders held: 20,000 surgical masks recovered

Karachi police on Monday arrested four suspects and recovered a huge cache of surgical masks, which were apparently hoarded to be sold on higher prices amid the coronavirus outbreak scare in the country. According to the police, the protective equipment w

Published 03 Mar, 2020 12:00am

K-IV, CTEP projects in limbo as funds yet to be released

Two key projects of Karachi in water and sewerage areas have been awaiting the release of funds or received short funds from the federal government as a part of its share for the completion of these projects.

Published 03 Mar, 2020 12:00am

Taxes

GDs filed before February 29: Customs allows export of onion shipments

Pakistan Customs has allowed export of onion shipments for which Goods Declarations (GDs) have been filed before February 29, 2020. According to details, the government on the recommendation of ministry of national food security and research has imposed a

Published 03 Mar, 2020 12:00am

LAC to organise 'women festival' at Alhamra

For the first time in the history of the Lahore Arts Council (LAC), a "women festival" is being organized at Alhamra to commemorate the forthcoming International Women's Day 2020 by bringing together a diverse group of women from different walks of life.

Published 03 Mar, 2020 12:00am

Business & Economy

Murad reviews 288 uplift schemes of Shaheed Benazirabad division

Sindh Chief Minister Syed Murad Ali Shah in his on-going district development meetings reviewed 288 development schemes of 11.96 billion in three districts of Shaheed Benazirabad division and directed the concerned departments to complete 207 top priority

Published 03 Mar, 2020 12:00am

US-Taliban peace deal victory of PM's vision: minister

Khyber Pakhtunkhwa Minister for Information Shaukat Yousafzai has welcomed peace deal between USA and Taliban as a victory of Prime Minister Imran Khan's vision.

Published 03 Mar, 2020 12:00am

Potato crop cultivated on 415,000 acres: minister

Punjab Agriculture Minister Malik Nauman Ahmed Langrial said here on Monday that the potato crop was cultivated on more than 415,000 acre of land last year in Punjab.

Published 03 Mar, 2020 12:00am

Business & Economy

ABAD appreciates lifting of ban on construction in Gwadar

Mohsin Sheikhani, Chairman of Association of Builders and Developers, has applauded lifting of the four-year ban on issuance of No-Objection Certificate for any kind of construction and development activities in Gwadar with immediate effect.

Published 03 Mar, 2020 12:00am

3-day Int'l conference begins

Three days International Conference titled 'Smart Plantation' (an ultimate solution to climate change) organized by Department of Botany, Lahore College For Women University (LCWU), kicked off on Monday.

Published 03 Mar, 2020 12:00am

ZTBL officials tell Senate body: Notification to write off loans given to erstwhile FATA to be issued soon

A parliamentary panel on Monday was informed that the notification to write off loans given to the erstwhile Federally Administered Tribal Areas (Fata) would be issued soon.

Published 03 Mar, 2020 12:00am

Brief Recordings

Buxly Paints Limited

Buxly Paints Limited's (PSX: BUXL) history dates back to pre-partition era when its first manufacturing plant was set up in Hyderabad-Deccan. After migration, in 1948 the first paint factory in Pakistan was established by the name of Buxly Paints Works. S

Updated 03 Mar, 2020 04:15am

No handshake for Merkel as Germany coronavirus cases reach 150

Germany's interior minister rebuffed Chancellor Angela Merkel's attempt to shake hands with him on Monday as the number of novel coronavirus cases in the country rose to 157 with Berlin reporting its first infection. When Merkel reached out to greet Horst

Published 03 Mar, 2020 12:00am

UN Libya envoy Salame steps down

The UN's envoy to war-plagued Libya, Ghassan Salame, announced his resignation on Monday citing health reasons, nearly three years after taking up the post. "I tried to unite Libyans and restrain foreign interference... but for health reasons I can no lon

Published 03 Mar, 2020 12:00am

NASA images show fall in China pollution over virus shutdown

NASA satellite images show a dramatic fall in pollution over China that is "partly related" to the economic slowdown due to the coronavirus outbreak, the space agency said. The reduction in nitrogen dioxide (NO2) pollution was first noticed near Wuhan, th

Published 03 Mar, 2020 12:00am

China steps up visa threats against foreign reporters

China is threatening to strip journalists of their visas as a weapon to intimidate foreign media "like never before", a press group said Monday, following the expulsion of three reporters last month. In its annual report, the Foreign Correspondents' Club

Published 03 Mar, 2020 12:00am

Manila mall hostage-taker surrenders

A sacked security guard gave himself up and set free dozens of hostages he seized at gunpoint Monday in a Manila mall, ending a day-long standoff that terrified shoppers and left one man wounded. The gunman, who launched the attack over his dismissal, wal

Published 03 Mar, 2020 12:00am

EU Frontex agency to launch operation at Greek border

The EU border protection agency Frontex said Monday it will launch a border operation to help Greece cope with thousands of migrants trying to enter the bloc from Turkey. The Warsaw-based agency, which on Sunday said it was on "high alert" and deploying s

Published 03 Mar, 2020 12:00am

Latvia arrests spy working for Russia

Latvia said Monday a citizen thought to be working for Russia has been arrested for trying to recruit a secret service officer to spy for Moscow. "The agent... contacted the Latvian officer to try to recruit him into handing over classified material that

Published 03 Mar, 2020 12:00am

Egypt sentences Hisham Ashmawy, others to death

An Egyptian court Monday sentenced to death an ex-special forces officer turned Islamist militant and 36 other jihadists over several terror attacks, including an assassination bid on a former interior minister.

Published 03 Mar, 2020 12:00am

Malaysia's new PM says no 'traitor' after turmoil

Malaysia's new prime minister insisted Monday he was no "traitor" after taking power without an election and with support from a scandal-tainted party, following political heavyweight Mahathir Mohamad's shock resignation.

Published 03 Mar, 2020 12:00am

Top brands accused of using forced Chinese labour

China is transferring tens of thousands of Uighur detainees out of internment camps and into factories that supply some of the world's leading brands, an Australian think tank said Monday. Top global brands such as Apple, BMW and Sony have been accused of

Published 03 Mar, 2020 12:00am

Erdogan threatens Europe with 'millions' of migrants

Turkish President Recep Tayyip Erdogan warned Monday that "millions" of migrants will soon head for Europe, drawing a sharp rebuke from EU leaders over his efforts to pressure them into greater assistance with the Syrian conflict.

Published 03 Mar, 2020 12:00am

Fears of coronavirus outbreak in schools still persist: Ghani

Provincial education minister Saeed Ghani on Monday said that the apprehension of breaking out of coronavirus in academic institutions still persists. Talking to a private TV channel, he said that the diagnosis of the disease required monitoring of a susp

Published 03 Mar, 2020 12:00am

Taxes

Customs Region (North) seizes Rs 5.8 billion goods in 8 months

In line with the vision of Prime Minister Imran Khan to curb the menace of smuggling, Customs Region (North) seized goods worth Rs 5,794 million (including Rs 204 million of currency) during the first eight months of 2019-20, which is 3,411 million (143

Published 03 Mar, 2020 12:00am

Business & Economy

Shujaat Ali made convener of FPCCI's body

President Federation of Pakistan Chamber and Commerce and Industry (FPCCI) has appointed Syed Shujaat Ali as convener of FPCCI's Central Standing Committee on leather garments' exports for the year 2020. Shujaat has been authorized to select and appoint p

Published 03 Mar, 2020 12:00am

Gold surges by Rs 700

Gold on Monday mounted by Rs 700 per tola to Rs 92300 on the local market, traders said. The yellow metal was now selling for Rs 79132 per 10 grams, up by Rs 600; and $ 1605 an ounce, up by $20 on the world market. Silver was for Rs 1000, Rs 857.33 p

Published 03 Mar, 2020 12:00am

IGP Maher calls on Sindh CM

Sindh Chief Minister Syed Murad Ali Shah just after allowing new Inspector General of Police Mushtaq Maher to join his new assignment directed him to improve the law and order situation in the province.

Published 03 Mar, 2020 12:00am

Awareness drive about coronavirus: Federal & Sindh govts asked to submit replies on 6th

Sindh High Court (SHC) on Monday issued notices to Federal & Sindh Governments and provincial health department for March 6, 2020 to submit the replies about public awareness campaign viz-a-viz novel Coronavirus outbreak and crackdown against hoarders of

Published 03 Mar, 2020 12:00am

Business & Economy

Trade body expresses concern over expected load-shedding

Capt A Moiz Khan, patron-in-chief, North Karachi Association of Trade and Industry (Nkati), and Naseem Akhtar, president, have expressed concern over announcement by K-Electric of expected industrial load-shedding with the beginning of summer as a result

Published 03 Mar, 2020 12:00am

NAB files reference against BISP ex-chairperson

The National Accountability Bureau (NAB) has filed a reference against Benazir Income Support Programme's former chairperson Farzana Raja and 18 others in the Accountability Court over corruption in the programme.

Published 03 Mar, 2020 12:00am

FFC holds corporate briefing

Fauji Fertilizer Company (FFC), held Annual Corporate Briefing for the year ended 31st December 2019, as a part of its best corporate governance practices.

Published 03 Mar, 2020 12:00am

Taxes

Updated ATL contains names of over 2.4 million taxpayers

The Federal Board of Revenue (FBR) has issued the updated Active Taxpayers List (ATL) on Monday.

Published 03 Mar, 2020 12:00am

PM reiterates resolve to bring down inflation

Prime Minister Imran Khan Monday reiterated his government's resolve to continue pursuing measures to bring down inflation and reduce burden on the common citizens.

Published 03 Mar, 2020 12:00am

CM's Task Force on Coronavirus told: 11 samples out of 12 declared negative

Sindh Chief Minister Syed Murad Ali Shah chaired a meeting of Taskforce on Coronavirus at CM House on Monday. During the meeting it was disclosed that the health department sent 12 coronavirus samples for lab test during the last two days, Sunday and Mond

Published 03 Mar, 2020 12:00am

Southeast Asia and Pakistan: Bayer, XAG sign MoU to promote digital farming technology

Bayer and XAG announced a strategic partnership to bring, promote and commercialize digital farming technology in Southeast Asia & Pakistan (SEAP).

Published 03 Mar, 2020 12:00am

PTV, Radio Pakistan, APP: NA body recommends paying honoraria to employees

The National Assembly Standing Committee on Government Assurances has recommended that honoraria shall be given to the employees of the PTV, Radio Pakistan and the APP.

Published 03 Mar, 2020 12:00am

Alleged dues of Rs 2.7 million against Mushahidullah; Senate body seeks report about stay procedure in Punjab House

Senate Standing Committee on Rules and Procedure and Privileges discussed allegation of outstanding dues of Rs 2.7 million against Senator Mushahidullah on account of his stay in Punjab House, and sought a report of procedure of booking of a room and rele

Published 03 Mar, 2020 12:00am

Two die in road accident

A woman and her daughter were killed while her husband seriously injured when their car overturned near Pindi Bhattian here Monday on motorway, bound for Chak Jhumra from Kot Momin.

Published 03 Mar, 2020 12:00am

CM inaugurates Spring Festival

Punjab Chief Minister Sardar Usman Buzdar has inaugurated Spring Festival 2020 at Jilani Park here on Monday.

Published 03 Mar, 2020 12:00am

Punjab government to give grant-in-aid to bar associations

Chief Minister of Punjab Sardar Usman Buzdar has given approval to grant-in-aid to the Lahore High Court Bar Association as well as divisional, district and tehsil bar associations by the Punjab government.

Published 03 Mar, 2020 12:00am

Deadline of educational scholarships extended

On the appeal of minority students, Punjab Human Rights and Minority Affairs Minister Ijaz Alam Augustine on Monday extended the deadline of educational scholarships for 10 days.

Published 03 Mar, 2020 12:00am

WASA for regularizing aquifer connection without penalty

Vice Chairman of Water & Sanitation Agency (WASA) Sheikh Imtiaz Mehmood has said that unauthorized commercial aquifer connections can be regularized without penalty during a period of one month.

Published 03 Mar, 2020 12:00am

PPP will not accept 'Naya Pakistan' without freedom of expression: Bilawal

Pakistan Peoples Party (PPP) Chairman Bilawal Bhutto Zardari has said that the PPP will not accept a Naya Pakistan devoid of freedom of expression.

Published 03 Mar, 2020 12:00am

Business & Economy

SAARC CCI terms US-Taliban peace accord harbinger of stability & prosperity

SAARC Chambers of Commerce and Industry (CCI) President-designate Iftikhar Ali Malik on Monday welcoming the signing of the historic US-Taliban peace agreement termed it not only an important step in achieving a lasting political settlement in Afghanistan

Published 03 Mar, 2020 12:00am

Energy

NTDC completes double circuit transmission line

In line with the System Constraints Removal Plan, the National Transmission and Dispatch Company (NTDC) has successfully completed the 220 kV Double Circuit, Twin Bundle New Kot Lakhpat - Sarfraz Nagar Transmission Line IN & OUT at 220 kV Grid Station Gha

Published 03 Mar, 2020 12:00am

Business & Economy

Usama Khan Warsi appointed FPCCI media committee convener

President Federation of Pakistan Chambers of Commerce and Industry Mian Anjum Nisar appointed Usama Khan Warsi as the Convener of FPCCI Central Standing Committee on Media and Broadcasting for the year 2020. Usama, Pakistan's renowned media activist, radi

Published 03 Mar, 2020 12:00am

Articles

Partly Facetious : They have already become spoilers

"Spoiler alert."

Published 03 Mar, 2020 12:00am

Money & Banking

South Africa's rand strengthens

South Africa's rand strengthened on Monday as central banks abroad signalled a willingness to shield their economies against the coronavirus, though the currency was restrained by anticipation of another batch of grim local data.

Published 03 Mar, 2020 12:00am

Money & Banking

Dollar takes a back seat in Asia

The dollar was on the back foot on Monday as growing expectations of US interest rate cuts to cushion the impact of the coronavirus stemmed some safety flows into the greenback.

Published 03 Mar, 2020 12:00am

Money & Banking

Early trade in New York: Dollar slips to fresh one-month low against rivals

The US dollar slipped to a fresh one-month low against a basket of currencies on Monday, as investors bet on the US Federal Reserve easing policy in a bid to counter the negative impact from the spread of the new coronavirus.

Published 03 Mar, 2020 12:00am

Money & Banking

Euro surges to five-week high against dollar in Europe

The euro surged to a five-week high against the dollar on Monday, as investors discounted the chances of big ECB rate cuts to counter coronavirus damage, while the greenback was pressured by the likelihood of full-blown Fed policy easing.

Published 03 Mar, 2020 12:00am

Money & Banking

Russia seen cutting FX purchases

Russia's finance ministry is expected to cut its purchases of foreign currency for state reserves in March, a Reuters survey showed on Monday.

Published 03 Mar, 2020 12:00am

Money & Banking

Asian currencies gain on Fed rate cut bets

Most Asian currencies firmed on Monday as hopes grew for a coordinated monetary policy response by major central banks to tackle the economic impact from the rapid spread of coronavirus, sending investors in the direction of emerging assets.

Published 03 Mar, 2020 12:00am

Money & Banking

Turkish lira rebounds

The Turkish lira rebounded from a fresh 17-month low on Monday, as expectations of global monetary stimulus to soften the blow from the spread of coronavirus outweighed investor worries on the conflict in neighbouring Syria.

Published 03 Mar, 2020 12:00am

Money & Banking

Sterling slides broadly

Sterling fell broadly on Monday, hitting new four-and-a-half month lows against a strengthening euro as traders took a cautious view at the start of talks between Britain and the European Union on their relationship after Brexit.

Published 03 Mar, 2020 12:00am

Money & Banking

Australian, NZ dollars choppy

The Australian dollar edged away from 11-year lows on Monday, as speculation mounted the world's major central banks were planning a coordinated barrage of stimulus aimed at offsetting the economic impact of the coronavirus.

Published 03 Mar, 2020 12:00am

Cricket

Two more parking facilities at Gaddafi Stadium

To provide easy access to fans to the Gaddafi Stadium for the HBL Pakistan Super League fixtures, two new parking facilities have been added to the roaster, the Pakistan Cricket Board (PCB) announced on Monday.

Published 03 Mar, 2020 12:00am

Other

Wapda take top position in Muay Thai Championship

Pakistan Wapda claimed first position, Khyber Pakhtunkhwa second while Punjab took third position respectively in the National Muay Thai Championship organized by Punjab Muay Thai Federation at Wapda Sports Complex recently. Pakistan Wapda took 115 points

Published 03 Mar, 2020 12:00am

Other

Global sport heavily disrupted by coronavirus

The coronavirus is disrupting sport around the world with the Moto Grand Prix in Qatar and Thailand postponed, a host of football matches put off to a later date and increasing concerns surrounding the Tokyo Olympics later this year.

Updated 04 Mar, 2020 10:36am

Cricket

PM to inaugurate KP U-21 Games

Prime Minister Imran Khan will inaugurate the Pakistan biggest ever KP U-21 Games involving 26000 athletes in 32 male and 27 female disciplines on March 8, 2020 here at Qayyum Sports Complex.

Published 03 Mar, 2020 12:00am

Hockey

Sultan Azlaan Shah Hockey postpones

Following the spread of coronavirus, Malaysia has postponed Sultan Azlaan Shah Hockey Tournament by the end of September 2020.

Published 03 Mar, 2020 12:00am

Global Business Economy

Gender employment gap costs EU 360 billion euros a year

The gap between female and male employment costs the European Union 360 billion euros ($399 billion) of losses a year, or some 2 percent of its total economy, a new study said on Monday.

Published 03 Mar, 2020 12:00am

Money & Banking

Italy faces recession

Italy's economy performed woefully in 2019 and is set to do even worse this year due to the coronavirus, with the threat of recession looming large, experts said Monday.

Published 03 Mar, 2020 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 22	252.10

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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