News Archives for Print - 2020-03-07

Print - 2020-03-07

Russia shuts borders to Iran residents over virus fears

Russia anno-unced plans to restrict access to people arriving from Iran on Friday, as it moves to ensure the population's safety and thwart the spread of the new coronavirus infection. The Federal Security Service will be "temporarily halting passage thro

Published 07 Mar, 2020 12:00am

Dozens killed as gunmen attack Afghan political rally

Dozens of people were killed when gunmen opened fire at a political rally in Kabul on Friday, in the deadliest assault in Afghanistan since the US signed a withdrawal deal with the Taliban. The attack, claimed by the Islamic State group, highlights a glar

Published 07 Mar, 2020 12:00am

Electrolytic tinplate: IHC grants stay against NTC order

The Islamabad High Court (IHC) has granted stay against the National Tariff Commission (NTC) order for imposition of anti-dumping duties on the alleged dumped import of electrolytic tinplate into Pakistan. In this regard, the IHC has directed the NTC to m

Published 07 Mar, 2020 12:00am

Combined income groups; SPI inflation down 0.32 percent WoW

The Sensitive Price Indicator (SPI) inflation during the week ended March 5 against February 27 witnessed a decline of 0.32 percent for combined income groups, ie, a drop from 129.15 points to 128.74 points, the SPI data released by Pakistan Bureau of Sta

Published 07 Mar, 2020 12:00am

Weighted average gas price: Federal government to start consultation with Sindh government on March 11

The federal government will start consultation with the Sindh government on March 11, 2020 on weighted average gas price mechanism in line with the decision taken in the Council of Common Interests (CCI).

Published 07 Mar, 2020 12:00am

IHC dismisses petitions against Aurat March

Islamabad High Court (IHC) Friday dismissed the petitions filed against the Aurat March, which is scheduled to be held on March 8 on "International Women's Day". A single bench of IHC, Chief Justice Athar Minallah heard the petitions seeking court's direc

Published 07 Mar, 2020 12:00am

Stocks

KSE-100 Index bleeds; BRIndex100 nosedives

Pakistan Stock Exchange Friday nosedived due to panic selling following investors' concerns over the spread of coronavirus. BRIndex100 lost 153.31 points or 3.71 percent to close at 3,974.30 points. BRIndex100 touched intraday high of 4,127.61 and intrada

Published 07 Mar, 2020 12:00am

GSP Plus status: Country to continue availing tariff preferences: MoC

Pakistan would continue availing tariff preferences in GSP Plus, says the Ministry of Commerce (MoC). Advisor to Prime Minister on Commerce and Industry Razzak Dawood took to Twitter on Friday and announced that, Pakistan would continue to enjoy tariff pr

Published 07 Mar, 2020 12:00am

Firdous opposes 'provocative' slogans of Aurat March

The Special Assistant to the Prime Minister on Information and Broadcasting, Dr Firdous Ashiq Awan on Friday opposed the controversial slogans of Aurat march, saying these things do not match with the norms of our society.

Published 07 Mar, 2020 12:00am

Locust swarms: PM for providing all necessary resources

Prime Minister Imran Khan on Friday announced to provide all necessary resources needed to combat locust swarms as an emergency was declared earlier this month. Efforts are being made to cope with locust numbers, which are thought to be the worst in more

Published 07 Mar, 2020 12:00am

Saudi Arabia reopens Makkah, Madina holy sites

Saudi Arabia reopened two of the most holy religious sites, Al-Haram Mosque in Makkah and Al-Masjid al Nabawy in Madina, after they were closed for sterilization to halt the spread of the new coronavirus, state TV Al-Ekhbariya reported on Friday. Saudi Ar

Published 07 Mar, 2020 12:00am

First patient recovers; 96 other pilgrims are to be traced

The first patient of the coronavirus has recovered completely, and he would most probably be released from hospital on Saturday evening. This was disclosed at the ninth Task Force meeting on the coronavirus held under the chairmanship of Sindh Chief Minis

Published 07 Mar, 2020 12:00am

Coronavirus: Threat of big losses looms over Pakistan's economy

The coronavirus (COVID-19) outbreak could cost the Pakistan economy in the range of $16.387 million to $4.95 billion, or 0.01 to 1.57 percent of gross domestic product (GDP), says the Asian Development Bank (ADB).

Published 07 Mar, 2020 12:00am

Economic conditions improving: Finance Division

The Ministry of Finance on Friday rejected assertions that the unemployment rate can be as high as 8 percent this year due to prevailing economic conditions which are also wrongly described as leading to a reported loss of almost one million jobs, 24 perc

Published 07 Mar, 2020 12:00am

Infections pass 100,000 as outbreak wreaks financial havoc

The number of people infected with coronavirus surpassed 100,000 across the world on Friday as the outbreak reached more countries and intensified economic damage, with business districts beginning to empty and stock markets tumbling.

Published 07 Mar, 2020 12:00am

Oil plunges to lowest since 2017

Oil prices tanked over 8 percent on Friday and hit their lowest since mid-2017 after Russia balked at OPEC's proposed steep production cuts to stabilize prices as the coronavirus outbreak slows the global economy and hurts energy demand.

Published 07 Mar, 2020 12:00am

Suicide attackers hit outside US embassy in Tunis

Suicide attackers struck outside the US embassy in the Tunisian capital on Friday, killing a police officer, wounding five other people and shaking a city repeatedly hit by jihadist violence. The latest attack comes despite a state of emergency imposed in

Published 07 Mar, 2020 12:00am

Revival of KCR: SC rules out any extension in timeline

The Supreme Court (SC) on Friday ordered the federal and provincial governments to revive the Karachi Circular Railway (KCR) and ruled out any extension in the timeline. Chief Justice of Pakistan (CJP) Justice Gulzar Ahmed issued these orders when he was

Published 07 Mar, 2020 12:00am

CMs discuss steps to deal with coronavirus

Balochistan Chief Minister Jam Kamal met Sindh Chief Minister Syed Murad Ali Shah here Friday and discussed prevention and precautionary measures against coronavirus. Both chief ministers shared with each other their respective province's readiness to dea

Published 07 Mar, 2020 12:00am

PM scheduled to inaugurate Karachi projects today

The Special Assistant to the Prime Minister on Information and Broadcasting, Dr Firdous Ashiq Awan, on Friday said that Prime Minister Imran Khan would visit Karachi on Saturday (today) to inaugurate public-oriented projects.

Published 07 Mar, 2020 12:00am

OPEC, allies fail to reach deal on oil production cuts

OPEC and its allies failed to reach a deal on oil production cuts on Friday, after Moscow refused to tighten supply to counter the effects of the coronavirus outbreak. The day before, OPEC ministers had recommended reducing output by 1.5 million barrels p

Published 07 Mar, 2020 12:00am

Nine in 10 of all people hold bias against women

Nearly 90 percent of the world's population - of every gender - holds some prejudice against women, according to a UN study published Thursday, ahead of International Women's Day. The United Nations Development Programme studied 75 countries representing

Published 07 Mar, 2020 12:00am

Saudi king relieves economy minister

Saudi Arabia's King Salman has relieved the economy minister in the latest cabinet reshuffle, official media reported citing a royal decree, as the kingdom grapples with plunging oil prices. Saudi Press Agency said late Thursday that the king "relieved" M

Published 07 Mar, 2020 12:00am

SECP makes some changes in independent auditor's report

The Securities and Exchange Commission of Pakistan (SECP) has made some changes in the "independent auditor's report" to be submitted by the companies. The SECP Friday notified SRO 141 (I)/2020 to issue draft amendments in the Auditors (Reporting Obligati

Published 07 Mar, 2020 12:00am

PSM board forms committee for court case

Pakistan Steel Mills' Board of Directors (BoD) has formed a three-member committee for court case and decided to regularly review high profile cases. The 408th meeting of BoD of Pakistan Steel was held on Thursday which was chaired by Aamir Mumtaz, Chairm

Published 07 Mar, 2020 12:00am

Letters

The Afghan conundrum

How unfortunate it is that Afghanistan is once again in the throes of massive violence. How ironic it is that ink was barely dry on the US-Taliban peace agreement when fighting broke out again. However, I'm still optimistic about peace prospects in this w

Published 07 Mar, 2020 12:00am

Articles

Virus diplomacy: As outbreak goes global, China seeks to reframe narrative

As new coronavirus cases track downward in China, it is looking to burnish its credentials as a responsible power by sharing expertise and equipment with countries seeing a surge in cases and to repair an international image dented by the disease.

Published 07 Mar, 2020 12:00am

Articles

The battle for interest

If nothing else, we are a trail blazing nation. Perhaps for the first time in our history, at least if my memory serves me correctly, there is a likelihood that the legal profession, lawyers and judges, and not economists and nor the Central Bank, may end

Published 07 Mar, 2020 12:00am

Articles

Power emergency

It has been reported that National Electric Power Regulatory Authority (Nepra) has asked the Prime Minister to declare a national power emergency and take drastic steps for scaling down about Rs 1.93 trillion circular debt which, according to the regulato

Published 07 Mar, 2020 12:00am

Nawaz Sharif's repatriation

The government of Prime Minister (PM) Imran Khan's Pakistan Tehreek-i-Insaaf has taken the extraordinary step of writing a letter to the UK authorities for the repatriation of former PM Nawaz Sharif who is in London for medical treatment. The government h

Updated 09 Mar, 2020 07:05am

The coronavirus challenge

Asian Development Bank yesterday reported economic losses could reach $ 347 billion as over 95,000 people diagnosed with coronavirus (Covid-19). This disease has caused 3,015 deaths in China and 267 deaths outside the people's republic. On March 3, Harvar

Updated 09 Mar, 2020 07:05am

SC rejects FBR's petition

Supreme Court of Pakistan Bench-I comprising Justice Gulzar Ahmad HCJ, Justice Ijazul Hassan and Justice Sajjad Ali Shah heard a Civil Petitionon 25-02-2020 filed by the Federal Board of Revenue (FBR) against Muhammad Sharif Awan, an officer of IRS cadre.

Published 07 Mar, 2020 12:00am

Pakistan condemns terrorist attack in Kabul

Pakistan strongly condemned the latest terrorist attack in Kabul and urged all the parties to work together in a constructive spirit for establishing durable peace and stability in Afghanistan. Foreign Office spokesperson Aisha Farooqui, while commenting

Published 07 Mar, 2020 12:00am

CDA, MCI: Senate panel for early resolution of dispute

A special panel of the Senate on Friday called for an early resolution of dispute between the Capital Development Authority (CDA) and the Municipal Corporation of Islamabad (MCI). The Senate Special Committee on Islamabad, which was chaired by Senator Mus

Published 07 Mar, 2020 12:00am

Virus response efforts: Dr Zafar meets heads of 21 international organizations

Special Assistant to Prime Minister on Health Dr Zafar Mirza presided a meeting of international donor and partner organizations to discuss the coronavirus response effort being undertaken by the government. Country Heads and senior representatives of 21

Published 07 Mar, 2020 12:00am

Indian violence: PM lauds statements of Khamenei, Erdogan

Prime Minister Imran Khan on Friday thanked Iranian supreme leader Ayatollah Ali Khamenei and Turkish President Tayyip Erdogan for raising voice against massacre of Muslims in India and Kashmiris in Indian occupied Kashmir (IOK) by Hindu supremacist Modi

Published 07 Mar, 2020 12:00am

NA body adopts PBC (Amendment) Bill, 2019

The National Assembly Standing Committee on Information and Broadcasting unanimously passed "The Pakistan Broadcasting Corporation (Amendment) Bill, 2019".

Published 07 Mar, 2020 12:00am

Business & Economy

Government committed to turning challenges into opportunities: Hammad

The government is committed to investing in Pakistan's huge demographic dividends and turn the country's immense potential into a vibrant economy, which would generate jobs and revenue, besides putting the country on path of development and prosperity.

Published 07 Mar, 2020 12:00am

Lawmakers express dissatisfaction over government's tackling of coronavirus

Parliam-entarians on Friday expressed dissatisfaction over the measures taken by the government for tackling novel coronavirus and asked for effective steps across the country in this regard.

Published 07 Mar, 2020 12:00am

Business & Economy

Faisal Anis named FPCCI body's deputy convener

President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Anjum Nisar has appointed Faisal Anis Majeed as a Deputy Convener of FPCCI Central Standing Committee on "RICE" for the year 2020. Faisal Anis Majeed's appointment notifica

Published 07 Mar, 2020 12:00am

Journalists Mansoor and Mustafa laid to rest

Journalists Hassan Mansoor and Ghulam Mustafa Farooq were laid to rest in Mewashah and Baldia Town graveyards, respectively, here on Friday, amid tears and anguish.

Published 07 Mar, 2020 12:00am

Business & Economy

Tremendous scope exists for expanding economic ties with Belgium: envoy

Ambassador of Belgium Philippe Bronchain has stressed the need to enhance trade and investment cooperation between the two countries as there are lots of things that can be done in different sectors of the economy which would prove beneficial for Belgium

Published 07 Mar, 2020 12:00am

Taxes

MCC Preventive collects Rs 12.40 billion

Model Customs Collectorate (MCC), Preventive has collected Rs 12.40 billion in February 2020. According to details, the department has collected Rs 4.52 billion as customs duty, depicting over 30 percent growth as compared to Rs 3.04 billion collected i

Published 07 Mar, 2020 12:00am

Taxes

MCC Appraisement West misses revenue target by 42 percent

Model Customs Collectorate (MCC), Appraisement West has missed its revenue target by 42 percent with the collection of Rs 156.4 billion during July to February 2020 period. According to details, the department has collected Rs 156.4 billion as against t

Published 07 Mar, 2020 12:00am

Death toll in building collapse tragedy rises to 16

A case was registered at Karachi's Rizvia Police Station on Friday over the collapse of a five-storey residential building in the Gulbahar area of Nazimabad as death toll from the incident rose to 16. On Thursday, the residential building had fallen on tw

Published 07 Mar, 2020 12:00am

Gold soars to 95,500 per tola

Gold Friday soared to 95,500 per tola, up by Rs 1,300 in a single day trade on the local market, traders said. The yellow metal was traded for Rs81,876 per 10 grams, up by Rs 1,115 and $1,686 an ounce, up by $42 on the world market. Silver is selling for

Published 07 Mar, 2020 12:00am

Taxes

Chawla directs for timely recovery of taxes

Provincial Minister for Excise and Taxation, Narcotics Control and Parliamentary Affairs Mukesh Kumar Chawla has directed the officers to ensure timely and complete recovery of taxes and especially to speed up the collection of property tax and motor vehi

Published 07 Mar, 2020 12:00am

Abbasi for new political contract, fair elections

Former prime minister and Pakistan Muslim League-Nawaz (PML-N) leader Shahid Khaqan Abbasi on Friday said a new political contract should be done followed by free and fair elections to solve the national issues.

Published 07 Mar, 2020 12:00am

APCA demands regularisation of BSE's daily wage employees

All Pakistan Clerks Association (APCA) has urged the Chief Minister Sindh Syed Murad Ali Shah for regularisation of all daily wages employees of Board of Secondary Education.

Published 07 Mar, 2020 12:00am

3,000 pilgrims isolated, quarantined at Iran-Pak border

Number of pilgrims coming in from Iran to Pakistan has exceeded three thousand people on Friday as the threat of coronavirus infections wreaks havoc in the neighbouring country. Pakistani authorities on the border have disclosed that all pilgrims making t

Published 07 Mar, 2020 12:00am

SEPA halts company's operations after gas emission incident

Sindh Environmental Protection Agency (SEPA) put on halt Engro Polymer Company's operations after one of its plants in Port Qasim Industrial Area emitted gas that affected over 100 employees on Friday. However no causality was reported till filing of the

Published 07 Mar, 2020 12:00am

CM reviews S Punjab secretariat's arrangements

Chief Minister Punjab Sardar Usman Buzdar chaired an important meeting of the executive council of southern Punjab province at his office on Friday and reviewed matters relating to the establishment of 'Southern Punjab Secretariat.'

Published 07 Mar, 2020 12:00am

Details of ICT's private schools' fee being gathered on IHC's order: Senate panel told

The information regarding all the 1,560 private schools located in the jurisdiction of the Islamabad Capital Territory (ICT) is being collected as per the orders of the Islamabad High Court (IHC) to determine the tuition fee structure of the private schoo

Published 07 Mar, 2020 12:00am

IGP pins badges to newly-promoted five officials

Inspector General of Police (IGP) Islamabad Muhammad Aamir Zulfiqar Khan on Friday pinned the badges of Superintendent of Police (SP) rank to five officials promoted in BS-18. The five newly-promoted SPs include Farhat Abbas Kazmi, Safeer Hussain Bhatti,

Published 07 Mar, 2020 12:00am

Business & Economy

British business community finds Pakistan best place for investment: Sarwar

Punjab Governor Chaudhry Mohammad Sarwar said on Friday that British business community is also deeming Pakistan as best country for investment and Alhamdulillah, today Pakistan is getting its real place in the world.

Published 07 Mar, 2020 12:00am

Business & Economy

Efforts under way to bolster economic ties: Thai CG

Political Consultation at secretary level and meetings of Joint Economic Commission will be held this year to further bolster the economic relations between Pakistan and Thailand, said Thatree Chauvachata, Consul-General of Thailand in Karachi.

Published 07 Mar, 2020 12:00am

Grand finale of digital hackathon held at Telenor Pakistan's campus

The grand finale of digital hackathon happened here on Wednesday at Telenor Pakistan's Campus 345 and was attended by Google, UNDP Pakistan Innovation Acc-Lab's team and Telenor Pakistan's management.

Published 07 Mar, 2020 12:00am

Shaheed Benazir Bhutto University marks World Women Day

Shaheed Benazir Bhutto Women University Peshawar in collaboration with Ministry of Human Rights organized a seminar on Friday in connection with International Women Day, 2020. The event was aimed to advocate action for women economic empowerment through

Published 07 Mar, 2020 12:00am

Ehsaas programme: 15 selected districts to have more Nadra desks: Dr Sania

Prime Minister's Special Assistant on Social Protection and Poverty Alleviation, Dr Sania Nishtar Thursday directed increase in the number of Nadra (National Database and Registration Authority) desks for the registration of the beneficiaries of Ehsaas Ka

Published 07 Mar, 2020 12:00am

Stocks

SECP's efforts help improve EODB environment

The Securities and Exchange Commission of Pakistan (SECP)'s new reform initiatives, fee reductions, simplification of laws, corporate rehabilitation and e-services have improved the ease of doing business environment for new and existing companies, which

Published 07 Mar, 2020 12:00am

Money & Banking

BoP signs agreement for NIFT ePay Payment Platform

The Bank of Punjab (BOP), in line with its vision to enable and promote a cash-less digital economy has entered into an agreement with National Institutional Facilitation Technologies (NIFT), one of the largest payment processors in Pakistan for enabling

Published 07 Mar, 2020 12:00am

Business & Economy

Pak-Kazakh economic potential needs to be harnessed: NA speaker

National Assembly Speaker Asad Qaiser Friday said that huge economic potential existed between Pakistan and Kazakhstan, which needed to be harnessed to promote cooperation in socioeconomic sectors between the two brotherly countries for mutual benefit.

Published 07 Mar, 2020 12:00am

APNS gives 'Business Performance Award' to NBP

APNS gives Award to National Bank Pakistan (NBP) for 'Business Performance Award' in the public sector category at the 24th All Pakistan Newspaper Society (APNS) Award ceremony held in Islamabad. President of Pakistan Dr Arif Alvi was the chief guest of t

Published 07 Mar, 2020 12:00am

Hajj applications: Authorised bank branches to remain open today

Authorized banks will open branches Saturday for collection of Hajj application forms. On the request of the Ministry of Religious Affairs & Interfaith Harmony, Islamabad, it has been decided that authorized banks will keep all their designated branches o

Published 07 Mar, 2020 12:00am

Taxes

Customs value of ice cream revised

Directorate General Customs Valuation (DGCV) has revised the customs values of ice cream According to details, the customs values of ice cream were earlier determined under Section 25 A of the Customs Act, 1969, vide valuation ruling 1263 in 2018. For the

Published 07 Mar, 2020 12:00am

Political economy of wheat

Since last two months, overall food inflation along with a spurt in wheat and sugar prices has captured the headlines. As expected, opposition did not lose the opportunity to gain political mileage from this historically repeated episode. In its response,

Published 07 Mar, 2020 12:00am

Pakistan Tobacco awarded five Global Diversity & Inclusion Awards

Pakistan Tobacco Company Limited (PTC) was awarded five Global Diversity and Inclusion Awards in the Global Diversity & Inclusion Benchmarks (GDIB) conference held in Karachi. According to an announcement of the company here on Friday, the GDIB awards are

Published 07 Mar, 2020 12:00am

Business & Economy

Government to release Rs 29 billion for development of varsities: minister

Minister for Federal Education Shafqat Mahmood on Friday said the government would soon release Rs 29 billion for development of universities under various programmes. Addressing Vice Chancellors' Conference in Islamabad on Friday, he said that his minis

Published 07 Mar, 2020 12:00am

Energy

SNGPL Islamabad region resolves over 20,500 complaints

The Sui Northern Gas Pipeline Limited (SNGPL) Islamabad region has resolved 14,500 gas leakage complaints and more than 6,000 low pressure complaints during the winter season, which were received through 1199, walk-in customers and on the landline number

Published 07 Mar, 2020 12:00am

Articles

Partly Facetious: The PML(N)-MQM meeting

"What's with the PML-N and the MQM meeting?"

Published 07 Mar, 2020 12:00am

Former senior US Homeland Security official indicted for theft

A former senior official in the US Department of Homeland Security (DHS) has been indicted for stealing government software and selling back a commercial version to US agencies, the Justice Department said Friday.

Published 07 Mar, 2020 12:00am

Migrants, police in fresh clashes at Turkey-Greece border

Migrants and Greek police traded tear gas and rocks at the border with Turkey on Friday, where thousands of refugees have been encouraged by Ankara to leave for the European Union. The brief clashes occurred as many desperate migrants tried to break throu

Published 07 Mar, 2020 12:00am

Facebook shuts London, Singapore offices after coronavirus case

Facebook said Friday it was shutting its London office and part of its Singapore base for "deep cleaning" after an employee in the Asian city state was diagnosed with coronavirus. A staff member working at the US technology giant's Marina One office in Si

Published 07 Mar, 2020 12:00am

Putin says will not bend law to extend grip on power

Russian President Vladimir Putin said Friday he would not bend the law to extend his term in power and is seeking to amend the constitution to secure the country's future for decades to come. Speculation has swirled over the 67-year-old president's future

Published 07 Mar, 2020 12:00am

Adviser to Iran's foreign minister dies

An adviser to Iran's foreign minister who took part in the 1979 US embassy hostage crisis has died from coronavirus, the official IRNA news agency reported. Hossein Sheikholeslam, "a veteran and revolutionary diplomat" died late Thursday, IRNA said.

Published 07 Mar, 2020 12:00am

Lithuania should scupper EU-Cuba deal: Pompeo

Lithuania must block a deal between the European Union and Cuba because island's the communist rulers are using it to legitimise repression, US Secretary of State Mike Pompeo said on Friday. Staunch US ally Lithuania is the only EU state yet to approve th

Published 07 Mar, 2020 12:00am

Pompeo speaks of 'Wuhan virus' despite China's protests

The coronavirus is getting a new name from Secretary of State Mike Pompeo - the "Wuhan virus" - to the anger of China where the global pandemic was first detected. For the second day in a row, Pompeo on Friday publicly referred to COVID-19 as the "Wuhan v

Published 07 Mar, 2020 12:00am

Money & Banking

Dollar surrenders to euro and yen in Asia

The dollar nursed savage losses against the yen and euro on Friday as a plunge in US yields to record lows wiped out the currency's single greatest attraction for investors - higher interest rates. Mounting fears over the fallout from the coronavirus has

Published 07 Mar, 2020 12:00am

Money & Banking

Euro, yen soar in European trade

The euro rose past $1.13 on Friday and the yen pushed below 105, as a drop in US government bond yields put the dollar on course for its worst week since 2016. Investors have slashed their expectations for US interest rates after an emergency Federal Rese

Published 07 Mar, 2020 12:00am

Money & Banking

Early trade in New York: dollar falls across the board

The US dollar fell across the board on Friday, on pace for its worst weekly loss in four years, as a sharp drop in US government bond yields hurt the greenback's appeal. The dollar index, which measures the greenback's strength against a basket of six oth

Published 07 Mar, 2020 12:00am

Money & Banking

Dollar slips to fresh eight-week low in New York

The US dollar slipped to a fresh eight-week low as US benchmark 10-year Treasury yields fell to new troughs and traders bet the US Federal Reserve will cut interest rates further, after slashing them by 50 basis points this week in an emergency move to sh

Published 07 Mar, 2020 12:00am

Money & Banking

South Africa's rand weakens

South Africa's rand weakened against the dollar on Friday due to waning risk appetite as the surging number of coronavirus cases left daunting prospects for global growth. Stocks also fell, with losses led by Anglo American Platinum (Amplats), after the c

Published 07 Mar, 2020 12:00am

Money & Banking

Most Asian currencies weaken

Most Asian currencies fell on Friday as fears mounted of a deeper economic fallout from the coronavirus outbreak, but were on course to post weekly gains as the dollar declined due to a surprise Fed rate cut and expectations of more easing.

Published 07 Mar, 2020 12:00am

Money & Banking

Australian, NZ dollars reprieved

The Australian and New Zealand dollars clung to rare weekly gains on the US dollar on Friday as Treasury yields plunged to historic lows, but all three currencies were losing to the euro and yen as the outlook for interest rates shifted radically.

Published 07 Mar, 2020 12:00am

Money & Banking

Turkish lira up

The Turkish lira strengthened a bit against the dollar on Friday after a ceasefire deal agreed by Turkey and Russia for northwest Syria's Idlib region went into effect, raising prospects that Ankara's geopolitical tensions would ease. The lira, which init

Published 07 Mar, 2020 12:00am

Money & Banking

Sterling gains from broad-based plunging dollar

Sterling extended gains against a broadly weaker dollar on Friday, and was also boosted by comments from the European Union's chief Brexit negotiator that a trade deal between Britain and the bloc was still possible this year.

Published 07 Mar, 2020 12:00am

Other

Japan bars children from Olympic torch ceremonies

Japan has been forced to scrap plans to involve children in the Olympic torch handover and arrival ceremonies because of fears over the new coronavirus, Tokyo 2020's chief organiser said on Friday.

Published 07 Mar, 2020 12:00am

Cricket

Quetta Gladiators pacer Naseem Shah suffers injury

Quetta Gladiators suffered a setback in the ongoing PSL-2020, as its pacer Naseem Shah faced injury and doctors advised him rest for a week.

Published 07 Mar, 2020 12:00am

Cricket

Ahsan Raza to umpire in Women's T20 World Cup final

The International Cricket Council (ICC) has named Pakistan's Ahsan Raza as an on-field umpire for the ICC Women's T20 World Cup 2020 final, which will be played between Australia and India at the Melbourne Cricket Ground on Sunday (March 8).

Published 07 Mar, 2020 12:00am

Cricket

Russell's six sixes in 14 balls leads Windies to series win over Sri Lanka

Andre Russell hit six sixes in a blistering 14-ball innings as West Indies smashed their way to a seven-wicket victory over Sri Lanka and seal the two-match Twenty20 series on Friday.

Published 07 Mar, 2020 12:00am

Cricket

PSL 2020 to mark Breast Cancer Awareness Day today

Pakistan Super League (PSL) 2020 is holding a Breast Cancer Awareness Day on Saturday (today) to help Pink Ribbon in the fight against Breast Cancer.

Published 07 Mar, 2020 12:00am

Cricket

PSL 2020 fans can access top-class first aid facilities

The fans attending the HBL PSL 2020 fixtures at the Gaddafi Stadium in Lahore have access to top-class first aid facilities as the Punjab government has set up a 20-bed temporary hospital at the ground floor of the National Hockey Stadium.

Published 07 Mar, 2020 12:00am

Cricket

PCB to honour swimmer Kiran and tennis player Sarah

As part of International Women's Day celebrations, the Pakistan Cricket Board (PCB) will be acknowledging Olympics swimmer Kiran Khan and Sarah Mahboob, Pakistan's number-one ranked tennis player, for their services through the Hamaray Heroes platform.

Published 07 Mar, 2020 12:00am

Other

Ecuador take 2-0 lead over Japan in Davis Cup qualifier

Ecuador took an early 2-0 lead against Japan with nail-biting victories in their Davis Cup qualifier on Friday in western Japan, held behind closed doors due the coronavirus outbreak.

Published 07 Mar, 2020 12:00am

Cricket

Afghanistan beat Ireland in first T20

Afghanistan beat Ireland in their first of three Twenty20s on Friday as Najibullah Zadran smashed an unbeaten 42 in a rain-affected fixture in India.

Published 07 Mar, 2020 12:00am

Cricket

Liton breaks record as Bangladesh whitewash Zimbabwe

Bangladesh beat Zimbabwe by 123 runs in their second one-day international to complete a 3-0 sweep in the three-match series in Sylhet on Friday as Liton Das hammered their highest individual ODI score.

Published 07 Mar, 2020 12:00am

Global Business Economy

Canada trade deficit with US narrows

Canada's surplus with its biggest trading partner the United States narrowed in January while the coronavirus epidemic hindered trade with China, according to government data released Friday.

Published 07 Mar, 2020 12:00am

Global Business Economy

Canada adds 'puzzling' 30,000 jobs in February

Canada added 30,000 jobs in February despite concerns over the spreading coronavirus, while its unemployment rate rose 0.1 percentage points to 5.6 percent, according to government data released Friday.

Published 07 Mar, 2020 12:00am

Money & Banking

Ukraine says IMF cooperation 'absolute priority'

Ukraine's government said Friday cooperation with the International Monetary Fund was an "absolute priority" as it sought to allay fears of a possible breakdown in ties with the lender after a government reshuffle.

Published 07 Mar, 2020 12:00am

Money & Banking

Lebanon to stem spiralling unofficial exchange rate

Lebanon's central bank on Friday sought to rein in exchange rates and enforce a cap on the local currency in the parallel market to contain its unofficial devaluation.

Published 07 Mar, 2020 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 22	277.85
USD PKR Interbank Buying / Nov 22	277.65
USD to Japanese Yen / Nov 23	154.78
USD to Swiss Franc / Nov 23	0.89
Pound Sterling to USD / Nov 23	1.25
Euro to USD / Nov 23	1.04

Stock	Volume
S&P 500 / Nov 22	5,969.34
India Sensex / Nov 22	79,117.11
Tokyo Nikkei / Nov 22	38,283.85
Nasdaq / Nov 22	18,003.65
Hang Seng / Nov 22	19,229.97
FTSE 100 / Nov 22	8,262.08
Dow Jones / Nov 22	44,296.51
Germany DAX 30 / Nov 22	19,322.59

Item	Value
Karachi Cotton PKR/37.32 KG / Nov 22	17,785
Gold 10 Grams PKR / Nov 22	240,483
Crude Oil USD/Barrel / Nov 23	71.24
Gold Spot USD/Ounce / Nov 23	2,716.19
Cotton US¢/pound / Nov 23	70.77
Petrol/Litre / Nov 24	248.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 24 786 Investments Limited(786)	6.82 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 24 Al-Abbas Sugar Mills Limited(AABS)	593.76 ▼ 0.00 (0.00%)
Agro Allianz / Nov 24 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 24 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 24 Ali Asghar Textile Mills Limited(AATM)	70.89 ▼ 0.00 (0.00%)
Allied Bank / Nov 24 Allied Bank Limited(ABL)	120.21 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 24 Abbott Laboratories (Pakistan) Limited(ABOT)	1,023.10 ▼ 0.00 (0.00%)
Abson Ind. / Nov 24 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 24 Alfalah Consumer Index ETF.(ACIETF)	12.55 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 24 786 Investments Limited(786)	6.82 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 24 Al-Abbas Sugar Mills Limited(AABS)	593.76 ▲ 0.00 (0.00%)
Agro Allianz / Nov 24 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 24 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 24 Ali Asghar Textile Mills Limited(AATM)	70.89 ▲ 0.00 (0.00%)
Allied Bank / Nov 24 Allied Bank Limited(ABL)	120.21 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 24 Abbott Laboratories (Pakistan) Limited(ABOT)	1,023.10 ▲ 0.00 (0.00%)
Abson Ind. / Nov 24 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 24 Alfalah Consumer Index ETF.(ACIETF)	12.55 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Nov 24 Worldcall Telecom Limited(WTL)	177,135,830 ▲ 0.00
K-Electric Ltd. / Nov 24 K-Electric Limited(KEL)	124,131,268 ▲ 0.00
Hascol Petrol / Nov 24 Hascol Petroleum Limited(HASCOL)	105,013,176 ▲ 0.00
Fauji Foods Ltd / Nov 24 Fauji Foods Limited(FFL)	77,697,371 ▲ 0.00
Treet Battery / Nov 24 Treet Battery Limited(TBL)	43,783,366 ▲ 0.00
B.O.Punjab / Nov 24 The Bank of Punjab(BOP)	36,573,763 ▲ 0.00
Sui South Gas / Nov 24 Sui Southern Gas Company Limited(SSGC)	32,719,678 ▲ 0.00
PIA Holding Co.Ltd / Nov 24 PIA Holding Company Limited(PIAHCLA)	27,969,689 ▲ 0.00
Cnergyico PK / Nov 24 Cnergyico PK Limited(CNERGY)	25,874,820 ▲ 0.00

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