News Archives for Print - 2020-03-13

Print - 2020-03-13

'Be transparent,' China asks US

A spokesman for China's Foreign Ministry suggested on Thursday the US military might have brought the coronavirus to the Chinese city of Wuhan, which has been hardest hit by the outbreak, doubling down on a war of words with Washington.

Published 13 Mar, 2020 12:00am

Trump suspends travel from Europe, except UK

Travellers scrambled to rebook flights and markets reeled on Thursday after US President Donald Trump imposed sweeping restrictions on travel from Europe, hitting battered airlines and heightening global alarm over the coronavirus.

Published 13 Mar, 2020 12:00am

Outflow of 'hot money' picks up momentum

The outflow of "hot money" has picked up momentum and divested amount reached about one billion dollars.

Published 13 Mar, 2020 12:00am

Punjab government declares medical emergency

Out of 21 confirmed coronavirus patients, 14 belong to Sindh, six to Gilgit-Baltistan and one from Balochistan while not a single corona case has so far been reported from Punjab.

Published 13 Mar, 2020 12:00am

NSC to take stock of situation today

In a bid to combat coronavirus spread, Prime Minister Imran Khan on Thursday called a emergency a meeting of the National Security Committee (NSC) on Friday (today) as the number of confirmed cases in the country has now jumped to 21.

Published 13 Mar, 2020 12:00am

Educational institutions in Sindh closed till May 30

Sindh Chief Minister Syed Murad Ali Shah while presiding over a special cabinet meeting on Thursday decided to keep the educational institutions closed till May 30. This will be treated as summer vacations.

Published 13 Mar, 2020 12:00am

Coronavirus challenge: Army says ready to respond

The Chief of Army Staff, General Qamar Javed Bajwa, on Thursday urged all concerned parties to gear up preparations to counter the coronavirus.

Published 13 Mar, 2020 12:00am

PSX activates market halt for 2nd time in a week

Pakistan Stock Exchange (PSX) Thursday triggered a market halt during intra-day trading at 02:13pm for 45 minutes.

Published 13 Mar, 2020 12:00am

Exchange cos raise alarm over reports of suspension of flights to Dubai

The exchange companies have warned that export of permissible currencies against the dollar may come to a halt if flights operation to Dubai is suspended due to the coronavirus threat.

Published 13 Mar, 2020 12:00am

Stocks

PSX pummeled by panic selling: BRIndex100 bleeds

Pakistan Stock Exchange Thursday nosedived due to panic selling. The PSX had to trigger market halt for 45 minutes during intra-day trading for the second time this week.

Published 13 Mar, 2020 12:00am

PM gives go-ahead for submitting STPF, textile policy to ECC

Prime Minister Imran Khan Thursday gave go-ahead for Strategic Trade Policy Framework (STPF) and textile policy, in principle, which will be submitted to the Economic Coordination Committee (ECC) and then the Cabinet for approval.

Published 13 Mar, 2020 12:00am

ECC fixes minimum support price for wheat at Rs1,400

The Economic Coordination Committee (ECC) of the Cabinet on Thursday raised the minimum support price of wheat from Rs1,365 and fixed it at Rs1,400 per 40kg to ensure parity in wheat prices throughout the country.

Published 13 Mar, 2020 12:00am

World stocks plunge into bear market

Panic hit world financial markets on Thursday, after stimulus efforts from the European Central Bank failed to calm investors alarmed by US moves to restrict travel from Europe over the coronavirus pandemic.

Published 13 Mar, 2020 12:00am

US blacklists second unit of Rosneft over Venezuela oil

The United States on Thursday imposed sanctions on another subsidiary of Rosneft, ramping up pressure on the Russian state oil giant that the Trump administration has said provides a financial lifeline to Venezuelan President Nicolas Maduro.

Published 13 Mar, 2020 12:00am

SECP chief for addressing corporate sector's issues

Aamir Khan, chairperson the Securities and Exchange Commission of Pakistan (SECP), has said that there is a dire need for the SECP, the State Bank of Pakistan (SBP) and the Federal Board of Revenue (FBR) to jointly address key issues of the corporate sect

Published 13 Mar, 2020 12:00am

Workers' payments case: Appoint new people to run PSM, remarks CJP

The Supreme Court on Thursday sought the federal government's response regarding non-operation of the Pakistan Steel Mills (PSM). A three-judge bench headed by Chief Justice of Pakistan Justice Gulzar Ahmed heard the appeal against the Sindh High Court (S

Published 13 Mar, 2020 12:00am

GST harmonisation: NFC panel approves tax council's composition, ToRs

The National Finance Commission (NFC) Monitoring Committee Thursday approved the National Tax Council's composition and its terms of references (ToRs), which would enable the federation and provinces to decide uniform rate of sales tax for both goods and

Published 13 Mar, 2020 12:00am

Maryam says she remained silent due to 'personal reasons'

Maryam Nawaz, daughter of former prime minister Nawaz Sharif, broke her silence on Thursday, saying that she had been silent due to "personal reasons" and that her resolve "cannot be weakened through intimidation and threatening tactics".

Published 13 Mar, 2020 12:00am

Fresh uplift projects in Karachi: PM asks Sindh governor to complete homework

Prime Minister Imran Khan on Thursday directed Governor Sindh Imran Ismail to complete homework regarding launch of federal government's fresh development projects in Karachi keeping in view the interest and welfare of the public.

Published 13 Mar, 2020 12:00am

Revival of KCR: SC orders finance secretary to arrange Rs 6 billion funding

The Supreme Court (SC) has ordered the Federal Finance Secretary to arrange Rs6 billion funding for the revival of the Karachi Circular Railway (KCR). "Secretary Finance, who has to arrange the funding, is directed to ensure that there is no obstruction i

Published 13 Mar, 2020 12:00am

US Congress votes to restrain Trump on Iran

The US Congress on Wednesday gave its final approval to a bid to restrain President Donald Trump from attacking Iran, a sign of lawmakers' alarm after soaring tensions.

Published 13 Mar, 2020 12:00am

Hajj ballot: 179,000 to perform Hajj this year: minister

After performing balloting under the government Hajj Scheme, Federal Minister for Religious Affairs and Interfaith Harmony Noorul Haq Qadri on Thursday said that a total of 179,000 Pakistani pilgrims will perform Hajj this year.

Published 13 Mar, 2020 12:00am

Letters

Challenge of policy implementation

Finally, Overseas Investors Chamber of Commerce and Industry (OCCI) representatives have shared their concerns, expectations, future plans, solutions of economic and sectoral challenges with the Prime Minister Imran Khan.

Published 13 Mar, 2020 12:00am

Articles

The challenge of COVID-19

Vacant hotels, cancelled flights, and closed tourist sites due to spread of coronavirus (Covid-19) have adversely affected global tourism, with the estimation of US $80 billion in lost revenue for the tourism industry. On the other hand, the global automo

Published 13 Mar, 2020 12:00am

Articles

Public service reforms - III

In order to allow for the transition to a unified single public service, those who are currently working as civil servants will be automatically admitted into the fast stream. The proposed federal recruitment commission holds consultation with each civil

Published 13 Mar, 2020 12:00am

Articles

Need for new income tax law - I

When the government of General Pervez Musharraf decided to promulgate a new income tax law in 2000, we, amongst many others, opposed it strongly. Our main objection was that his regime had no mandate to enact any such law. The rule, "No taxation without r

Published 13 Mar, 2020 12:00am

An unnecessary controversy

On March 4, 2020, Prime Minister (PM) Imran Khan, during an address at an event in Islamabad, let slip a remark that Pakistan would repay its mountain of debt through selling the gold extracted from Reko Diq in Balochistan. This has aroused a delayed irri

Updated 13 Mar, 2020 06:54am

Improvement in economic conditions

The PTI government is bent upon to tell all and sundry that the economy of the country has improved a lot since its assumption of power. According to its latest statement, the Finance Ministry has rejected the assertions that the unemployment rate is as h

Updated 13 Mar, 2020 06:55am

PFA wastes 1,500 litres of adulterated milk

The Punjab Food Authority (PFA) on Thursday wasted 1,500 litres of adulterated milk being transported from Phool Nagar to different local shops in the provincial metropolis.

Published 13 Mar, 2020 12:00am

ANF not charge for checking containers: DG

Director General Anti-Narcotics Force (ANF) Brigadier Mansoor Ahmed Janjua said, "ANF does not take any charges for checking containers while whenever a container is opened for examination by ANF, we make sure it is closed on same day without any unnecess

Published 13 Mar, 2020 12:00am

Coronavirus issue: Balochistan government suspends biometric attendance system

The Balochistan government on Thursday has suspended biometric attendance in the government departments for a month, in the wake of coronavirus outbreak.

Published 13 Mar, 2020 12:00am

Single bench's verdict: IHC hears govt's ICA in PMDC case

The Islamabad High Court (IHC) Thursday heard the federal government's Intra-Court Appeal (ICA) challenging a single bench's verdict to restore the dissolved Pakistan Medical and Dental Council (PMDC).

Published 13 Mar, 2020 12:00am

Business & Economy

PAC body told; CCP fails to recover Rs27bn penalties as cartels get stay orders

The Auditor General of Pakistan (AGP) has informed the Public Accounts Committee that the Competition Commission of Pakistan (CCP) has failed to recover Rs27 billion penalties imposed against fertiliser, sugar, poultry and cement industry cartels since 20

Published 13 Mar, 2020 12:00am

Altaf, others: ATC adjourns hearing into money laundering case till April 2

The Anti-Terrorism Court (ATC) hearing a money laundering case against the Muttahida Qaumi Movement (MQM)'s London-based founder Altaf Hussain and others on Thursday, sought arguments from the defence counsel over an application filed by the accused seeki

Published 13 Mar, 2020 12:00am

Business & Economy

Impact of coronavirus outbreak on CPEC projects discussed

Parliamentary Committee on the China-Pakistan Economic Corridor (CPEC) has discussed the impact of outbreak of coronavirus on the ongoing CPEC projects and invited relevant health authority to its next meeting.

Published 13 Mar, 2020 12:00am

Transfer of immovable properties: SC says cantonment boards cannot charge value of tax

The Supreme Court has held that the cantonment boards cannot charge a value of tax on transfer of immoveable property, which is divergent from what is determined by both the federal and the provincial agencies.

Published 13 Mar, 2020 12:00am

Maleeha questions 'inexplicable halt' in Kashmir strategy

Pakistan's former permanent representative to the United Nations, Dr Maleeha Lodhi Thursday called for clarity in the country's Kashmir policy and questioned the "inexplicable halt" in the Kashmir strategy.

Published 13 Mar, 2020 12:00am

31 bills adopted during Senate's parliamentary year 2019-20

The Senate passed a total of 31 bills, met for a total duration of 127 hours and 58 minutes in the 10 sessions including three joint sessions and three requisition sessions, while the average attendance of the senators in the Senate sessions remained less

Published 13 Mar, 2020 12:00am

14 coronavirus cases identified so far: minister

Sindh Minister for Information, Local Government, Housing & Town Planning, Religious Affairs, Forest and Wildlife Syed Nasir Hussain Shah has said that so far, 198 people had been tested for the Coronavirus, out of which 14 people were found affected by t

Published 13 Mar, 2020 12:00am

Coronavirus pandemic: MQM-P puts off foundation day celebration till March 28

Muttahida Qaumi Movement-Pakistan (MQM-P) has put off the foundation day celebration of the party till March 28, 2020 due to Coronavirus pandemic. "The party's foundation day, scheduled to be celebrated on March 18, 2020 would now be held on March 28, 202

Published 13 Mar, 2020 12:00am

Building collapse tragedy: Builder held from Punjab shifted to Karachi

Prime suspect in Rizvia building collapse incident, Javed has been shifted to Karachi after the security personnel arrested him and his facilitator Mohammad Younas from Punjab.

Published 13 Mar, 2020 12:00am

Gold falls by Rs 500 per tola

Gold prices Thursday fell by Rs500 per tola to Rs94,500 on the local market, traders said. The precious metal was selling for Rs81,018 per 10 grams, down by Rs428, and $1,639 an ounce, down by Rs428 on the world market. Silver was available for Rs1,000 pe

Published 13 Mar, 2020 12:00am

Taxes

Mobile app for tax, excise payments in the offing

The Director-General of Excise, Taxation and Narcotics Control, Muhammad Shoaib Siddiqui, has said that a mobile app for tax, excise and other payments would be made available in the near future.

Published 13 Mar, 2020 12:00am

Money & Banking

Speakers for promoting Ribah-free Islamic banking system

Speakers at a Forum on Islamic Banking said that government of Pakistan with the support of academia and industry should promote Ribah free Islamic banking system for the removal of injustice, poverty and financial problems from our society.

Published 13 Mar, 2020 12:00am

Murad terms nation's readiness for coronavirus threat 'weak'

Sindh Chief Minister Syed Murad Ali Shah has said that as a nation our preparedness to contain the coronavirus threat is weak, unorganized and without national guidance.

Published 13 Mar, 2020 12:00am

Coronavirus: Habib varsity moving its courses to online platforms

In the face of an extraordinary coronavirus health challenge, Habib University (HU) will now move its courses to online platforms from March 16th as the university campus will remain closed for students from March 16th till March 23rd.

Published 13 Mar, 2020 12:00am

Business & Economy

Indonesian envoy urges businessmen to help enhance trade ties

The Consul-General of Indonesia, Totok Prianamto, has advised business community to further explore bilateral trade prospects between the two countries.

Published 13 Mar, 2020 12:00am

Experts see women's potential for rural economy's growth

There was a consensus among researchers and experts in agriculture, water and livestock management that rural women's participation in decision making at all levels - ranging from production to marketing - may contribute to increasing family income.

Published 13 Mar, 2020 12:00am

Expats advised to follow advisories of their host countries' governments

The Foreign Office on Thursday advised overseas Pakistanis to follow advisories issued by the governments in their host countries, as many Middle Eastern countries asked foreign nationals to leave their host countries in the wake of coronavirus outbreak.

Published 13 Mar, 2020 12:00am

Business & Economy

PMIC holds Women's Day event

Pakistan Microfinance Investment Company has reiterated its commitment to enhance access to finance for women and improve their socioeconomic standing in the society.

Published 13 Mar, 2020 12:00am

Coronavirus: Sindh government's advisory for educational institutions

Sindh Health Department on Thursday issued an advisory for educational institutions on how to prevent the spread of the deadly coronavirus in the province.

Published 13 Mar, 2020 12:00am

Mehmood Moulvi made SVP PTI Sindh region

Pakistan Tehreek-e-Insaf has announced appointment of renowned businessman Mehmood Moulvi as Senior Vice President Western Sindh Region Executive Committee.

Published 13 Mar, 2020 12:00am

Coronavirus situation under control: Ghani

Sindh Education Minister Saeed Ghani has said that the situation is under control regarding coronavirus and according to experts educational institutions could be opened but implementation on health advisory is necessary

Published 13 Mar, 2020 12:00am

President highlights importance of agriculture in country's economy

President Dr Arif Alvi on Thursday highlighted the importance of agriculture sector in a country's economy at National Dialogue on Agriculture, a flagship initiative of Speaker National Assembly.

Published 13 Mar, 2020 12:00am

Baloch meets Punjab election commissioner

Jamaat-e-Islami Deputy Chief Liaqat Baloch has demanded the Punjab election commissioner to hold free and fair local government elections in Punjab.

Published 13 Mar, 2020 12:00am

Business & Economy

BlueEx Courier partners with Pakistan Cables

BlueEx Courier signed a MoU with Pakistan Cables Limited to become the exclusive courier company for Pakistan's first wires and cables e-store, recently launched by Pakistan Cables.

Published 13 Mar, 2020 12:00am

Business & Economy

Faisalabad city sans of basic civic amenities: FCCI chief

Revenue generating city of Faisalabad is deprived of basic civic amenities while dilapidated roads and dysfunctional traffic signals are further complicating the traffic related problems, said Rana Sikandar-e-Azam Khan President Faisalabad Chamber of Comm

Published 13 Mar, 2020 12:00am

Commodities

Share of coal in power mix reaches 32 percent

Share of coal in power mix has reached 32 percent, as the coal based power generation went up by 72 percent YoY during January 2020 and the coal based generation was witnessed at 2,501 GWh during Jan '20, said sources.

Published 13 Mar, 2020 12:00am

Punjab cabinet approves wheat procurement drive 2020-21

The Punjab Cabinet, which met here Thursday, with Chief Minister Sardar Usman Buzdar in the chair, accorded approval to wheat procurement campaign 2020-21, fixed the wheat price at Rs1400 per maund, while the wheat procurement target was set at 4.5 millio

Published 13 Mar, 2020 12:00am

APNS AGC to meet on 14th

"The Annual General Council (AGC) of the All Pakistan Newspapers Society will meet on Saturday, March 14, 2020 at 11:00 a.m. at APNS House, Karachi," stated a press release of the APNS.

Published 13 Mar, 2020 12:00am

Business & Economy

PCJCCI, HRC hold road show on Halal food potential

The Pakistan China Joint Chamber of Commerce and Industry (PCJCCI) in collaboration with the Halal Research Council (HRC) on Thursday organized first road show on "Coronavirus Magnifies Halal Food Potential in China".

Published 13 Mar, 2020 12:00am

Wing Commander Nauman Akram laid to rest

Wing Commander Nauman Akram, who embraced martyrdom in a fighter jet crash in Islamabad during rehearsal for Pakistan Day parade, was laid to rest at Shuhada Graveyard, RA Bazaar Cantt, here Thursday.

Published 13 Mar, 2020 12:00am

NAB rejects Jang Group's allegations

National Accountability Bureau (NAB) on Thursday rejected the allegations leveled by Jang Group and urged the media to avoid broadcasting and publishing news items without getting the version of its spokesman in light of the verdict of Supreme Court in th

Published 13 Mar, 2020 12:00am

NAB arrests Mir Shakil-ur-Rahman in land transaction case

In a major development, the National Accountability Bureau (NAB) Lahore on Thursday arrested editor-in-chief of Jang Group Mir Shakil-ur-Rahman in a case pertaining to the alleged purchase of a 54-kanal piece of land "from the then chief minister of Punja

Published 13 Mar, 2020 12:00am

Business & Economy

PIAF warns govt of missing annual growth target in major sectors

The Pakistan Industrial and Traders Association Front (PIAF) has warned the government of missing its annual growth target in major sectors and stressed the need for dropping energy prices for the local industry so that industrial growth could be escalate

Published 13 Mar, 2020 12:00am

Two new polio cases surface in KP

Two new polio cases have been reported from Tehsil Bhitani of Lakki Marwat and Tehsil Shakai of South Waziristan on Thursday as the total provincial case count mounts to 15 in the current year so far.

Published 13 Mar, 2020 12:00am

Business & Economy

foodpanda makes its entry into Sahiwal

The famous online food delivery hub, foodpanda, has made its way to many smartphones across the nation for its unmatchable deals and discounts. foodpanda aims to broaden its chain of cities for every Pakistani to make the most of its services hence, the f

Published 13 Mar, 2020 12:00am

Articles

Partly Facetious : It's hard to forgive, forget

"So physical presence is the most potent element in politics and..."

Published 13 Mar, 2020 12:00am

Business & Economy

16th round of Pakistan-Sweden bilateral political consultations held

The 16th round of Pakistan-Sweden Bilateral Political Consultations was held in Islamabad. Dr Aman Rashid, Special Secretary (Europe) and Ms. Cecilia Ruthstrom-Ruin, Head of Department for Asia and the Pacific from the Swedish Ministry of Foreign Affairs,

Published 13 Mar, 2020 12:00am

Business & Economy

Cargo-handling mechanism: Hutchison Ports wins 'South Asia 2020' award

Hutchison Ports Pakistan, the country's leading container terminal operator, has been acknowledged as the 'Port/Container Terminal of the year, South Asia 2020' award.

Published 13 Mar, 2020 12:00am

ECP issues notice to Qureshi for violating code of conduct

The Election Commission of Pakistan(ECP) has issued a notice to foreign minister Shah Mahmood Qureshi for violating election commission's code of conduct.

Published 13 Mar, 2020 12:00am

Expanding fiscal space: SNG programme launches innovation challenge fund to support KP govt

The Sub-National Governance programme (SNG) is launching the first round of the Innovation Challenge Fund (ICF) to support the Khyber Pakhtunkhwa government in improving public finance management and expanding fiscal space. In this connection, the program

Published 13 Mar, 2020 12:00am

Brief Recordings

An interview with Dr Imran Ahmad Khan, CEO Bayer Pakistan 'Contract manufacturing will promote technology transfer and boost export'

Dr. Imran Ahmad Khan is the CEO and Managing Director of Bayer Pakistan, a German-based multinational life sciences company specializing in healthcare and agriculture. Prior to his current position at Bayer, Dr. Khan has worked in general and portfolio ma

Updated 13 Mar, 2020 03:48am

Central Africa militia fighting kills 13

At least 13 people were killed in fighting in the Central African Republic where rival armed factions are battling after a seven-year civil war, UN officials said on Thursday. Fighting erupted a week ago in the northern province of Bamingui-Bangoran betwe

Published 13 Mar, 2020 12:00am

Russia blocks website opposing Putin's constitution reform

Russian authorities have blocked an opposition website that encouraged the public to speak up against constitutional changes that will allow President Vladimir Putin's to extend his grip on power.

Published 13 Mar, 2020 12:00am

Liberian journalists protest alleged police brutality

Liberian journalists rallied in the capital Monrovia on Thursday, and some newspapers darkened their front pages, in protest at alleged harassment they face from security forces. The protest follows the death last month of Liberian broadcaster Zenu Koboi

Published 13 Mar, 2020 12:00am

Norway fights virus with 'most intrusive' peacetime steps

Norway on Thursday rolled out the "most intrusive measures" the country has seen in peacetime in order to curb the novel coronavirus, including closing schools and cancelling sporting events.

Published 13 Mar, 2020 12:00am

Canada PM working from home as wife tested for COVID-19

Canadian Prime Minister Justin Trudeau and his wife announced they were self-isolating Thursday as she undergoes tests for the new coronavirus after returning from a speaking engagement with "mild flu-like symptoms."

Published 13 Mar, 2020 12:00am

French chef who helped spark UK dining revolution dies at 78

French chef Michel Roux, widely acknowledged as helping kickstart modern restaurant dining in Britain with "Le Gavroche" in London, has died at the age of 78, his scholarship fund said Thursday.

Published 13 Mar, 2020 12:00am

Brazilian who met Trump tests positive for COVID-19

Brazilian President Jair Bolsonaro's communications chief, who met Donald Trump last weekend at his Florida resort, has tested positive for the new coronavirus, the government said Thursday.

Published 13 Mar, 2020 12:00am

No need for Trump virus test: White House

President Donald Trump does not need testing for coronavirus despite having met with an aide to Brazilian President Jair Bolsonaro who was found afterwards to test positive, the White House said Thursday.

Published 13 Mar, 2020 12:00am

Astronauts grounded in Russia's Star City over virus

Astronauts awaiting a space mission are banned from leaving Star City training centre outside Moscow due to the novel coronavirus and will skip traditional pre-launch rituals, the centre's head said Thursday.

Published 13 Mar, 2020 12:00am

Money & Banking

Iran asks IMF for loan to combat virus as infections pass 10,000

Iran said Thursday it has asked the IMF for its first loan in decades to combat a coronavirus outbreak that has claimed 429 lives and infected more than 10,000 people.

Published 13 Mar, 2020 12:00am

13 injured as trains collide in Cairo

Thirteen people were injured when two passenger trains collided Thursday in the Egyptian capital, the health ministry said, triggering a suspension in nationwide rail services. It said the casualties of the crash involving passengers from Upper Egypt were

Published 13 Mar, 2020 12:00am

Putin, Erdogan hail 'decrease in tensions' in Syria's Idlib: Kremlin

Russian President Vladimir Putin and his Turkish counterpart Recep Tayyip Erdogan hailed Thursday a "significant decrease in tensions" in Syria's Idlib and pledged to continue working together, the Kremlin said.

Published 13 Mar, 2020 12:00am

EU says will offer migrants money to go home

EU and Greek officials on Thursday said 5,000 asylum seekers on Greek islands would be given financial incentives to return home to relieve pressure on overwhelmed camps.

Published 13 Mar, 2020 12:00am

Business & Economy

Engro's offices to reopen on 16th

Engro's offices at The Harbour Front Building shall resume on Monday, a statement issued here said.

Published 13 Mar, 2020 12:00am

Business & Economy

FD assures Sectt employees of pay raise in next budget

The Finance Division (FD) has assured the protesting Pakistan Secretariat employees of proposing suitable pay raise in the next budget for the financial year 2020-2021.

Published 13 Mar, 2020 12:00am

PECA 2016: IHC issues notice to PTA over failure to notify rules

The Islamabad High Court (IHC) Thursday issued a notice to Pakistan Telecommunication Authority (PTA) over its failure to notify rules under sub-section (2) of Section 37 of the Prevention of Electronic Crimes Act (PECA) 2016.

Published 13 Mar, 2020 12:00am

Business & Economy

SCCI, Rly agree to reconstitute railway advisory body

The Sarhad Chamber of Commerce and Pakistan Railways have agreed to reconstitute railways advisory body for prompt resolution of business community issues. A senior official of Pakistan Railways has assured to launch special freight train from Karachi to

Published 13 Mar, 2020 12:00am

Yasmeen says she never said Punjab has become polio-free

Punjab Health Minister Dr Yasmeen Rashid said on Thursday on the floor of House that she never said that Punjab has become free from polio.

Published 13 Mar, 2020 12:00am

Senate body members' visit cancelled

The visit of members of the Senate Standing Committee on State and Frontier Regions (Safron) to Torkham border was cancelled because of heavy flood at Pak-Afghan highway that suspended all kind of traffic for five hours on Thursday.

Published 13 Mar, 2020 12:00am

Two coronavirus cases detected at Torkham border

A Pakistan national and an Afghan citizen were found coronavirus while crossing the Torkham border.

Published 13 Mar, 2020 12:00am

Commodities

PMEX daily trading report

On Wednesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,844.

Published 13 Mar, 2020 12:00am

Commodities

CBOT wheat declines on weakness in global equities

Chicago Board of Trade wheat futures closed lower on Wednesday on technical selling and spillover weakness from global equity markets tied to fears that the coronavirus could trigger a global recession, traders said.

Published 13 Mar, 2020 12:00am

Commodities

Euronext wheat futures fall to six-month low

Euronext wheat futures fell to a six-month low on Wednesday as worries about the coronavirus outbreak fuelled fresh losses in financial markets, outweighing support from brisk exports for European wheat.

Published 13 Mar, 2020 12:00am

Commodities

China's iron ore futures flat as virus fears temper demand

Chinese iron ore futures ended flat after a volatile session on Wednesday, as hopes for an improvement in demand for the steelmaking raw material were offset by worries over the rapid global spread of the coronavirus.

Published 13 Mar, 2020 12:00am

Business & Economy

Activities of Karachi Port and Port Qasim

The Karachi Port handled 103,630 tonnes of cargo comprising 62,829 tonnes of import cargo and 40,801 tonnes of export cargo including 3,711 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday.

Published 13 Mar, 2020 12:00am

Cotton & Textile

Wait-and-see mood witnessed on cotton market

The mills kept on the sidelines on the cotton market on Thursday despite the emergence of some positive signs on the economic front, dealers said.

Published 13 Mar, 2020 12:00am

Commodities

Rainfall to boost Ivory Coast cocoa mid-crop

Above average rainfall last week in several areas of Ivory Coast's cocoa-growing regions could boost the April-to-September mid-crop, farmers said on Monday.

Published 13 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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