News Archives for Print - 2020-03-28

Print - 2020-03-28

Stocks

PSX stages smart rally: BRIndex100 turns bullish

Pakistan Stock Exchange Friday witnessed a bullish trend on the back of healthy buying on attractive low levels in various sectors.

Published 28 Mar, 2020 12:00am

'Clear we have entered recession': IMF chief

The coronavirus pandemic has driven the global economy into a downturn that will require massive funding to help developing nations, IMF chief Kristalina Georgieva said Friday.

Published 28 Mar, 2020 12:00am

Britain's PM Johnson has coronavirus

British Prime Minister Boris Johnson has tested positive for coronavirus and is self-isolating at his Downing Street residence but said he would still lead the government's response to the accelerating outbreak.

Published 28 Mar, 2020 12:00am

Grocery stores to close in Sindh at 5pm from today

Sindh Chief Minister Syed Murad Ali Shah has said that locally-transmitted cases of the coronavirus have now become 10 percent of the total cases.

Published 28 Mar, 2020 12:00am

Flights resumption, stranded Pakistanis: Inter-ministerial meeting finalises proposals for NCC

A high-level inter-ministerial meeting at the Foreign Office Friday finalised its proposals for final approval by the National Coordination Committee (NCC) with regard to resumption of international flights from April 4, and other matters related to Pakis

Published 28 Mar, 2020 12:00am

Pakistan seeking assistance under RFI: IMF chief

Pakistan has requested the International Monetary Fund (IMF) for financial assistance under the Rapid Financing Instrument (RFI), which will allow the government to address additional and urgent balance of payments needs and support social protection, dai

Published 28 Mar, 2020 12:00am

'Corona tiger force' to deliver food: PM

Prime Minister Imran Khan on Friday said that the federal and the provincial governments had decided in the National Coordination Committee (NCC) to exempt the goods transport from the lockdown to ensure supply of essential commodities.

Published 28 Mar, 2020 12:00am

SECP, FBR relax different regulatory deadlines

To facilitate companies and businesses in dealing with the current crises due to the COVID-19 pandemic, the Securities and Exchange Commission of Pakistan (SECP) and the Federal Board of Revenue (FBR) has relaxed different regulatory deadlines, extended s

Published 28 Mar, 2020 12:00am

SPI inflation down 1.25 percent WoW

The SPI inflation during the week that ended March 26 against March 19 witnessed a reduction of 1.25 percent for combined income groups, ie, from 129.72 points to 128.10 points, the Pakistan Bureau of Statistic (PBS) revealed.

Published 28 Mar, 2020 12:00am

Prices can show upward trend?: Commission to examine justification for sugar export

A seven-member Commission on sugar headed by Director General Federal Investigation Agency (FIA) Wajid Zia is reportedly investigating justification for sugar export, its potential beneficiaries and impact of subsidy on exports (if any), besides the role

Published 28 Mar, 2020 12:00am

Cut in urea price to result in Rs28bn benefit to farmers

The current price reduction of urea by the domestic fertilizer plants would result in an annualized benefit of Rs 28 billion that would be passed on to the farmer community without any impact on the exchequer.

Published 28 Mar, 2020 12:00am

Two doctors in D G Khan test positive

Two doctors posted at the quarantine in Dera Ghazi Khan have tested positive for the coronavirus, official sources said.

Published 28 Mar, 2020 12:00am

Branchless banking operations: SBP announces measures for promotion

The State Bank of Pakistan (SBP) has announced measures for the promotion of digital payments and Branchless Banking Operations to combat COVID-19 pandemic.

Published 28 Mar, 2020 12:00am

SRB further extends deadline for tax returns

In order to facilitate the taxpayers amid the ongoing lockdown announced by the Sindh government to avoid COVID-19 spread, the Sindh Revenue Board (SRB) has further extended the last date for e-deposit and e-filing of tax returns for the tax period of Feb

Published 28 Mar, 2020 12:00am

Sell-off plan: 28 government properties delisted

The Privatisation Division has de-listed the sale of 28 government properties in the list of five entities to be privatised in the current financial year 2019-2020.

Published 28 Mar, 2020 12:00am

Impact of COVID-19 on economy of Pakistan

Until March 27, the number of confirmed cases of COVID-19 climbed to 1198 with 7 reported deaths in Pakistan.

Published 28 Mar, 2020 12:00am

Circular debt: Nepra directed to ensure accuracy & integrity of data

The Cabinet Committee on Energy (CCoE) directed the National Electric Power Regulatory Authority (NEPRA) to ensure the accuracy and integrity of data on circular debt.

Published 28 Mar, 2020 12:00am

Letters

G20 leaders seek unity

It is heartening to note that the world leaders through an emergency online have vowed to build a united front against the coronavirus pandemic that has triggered fears of an economic collapse with record US unemployment figures. The number of positive ca

Published 28 Mar, 2020 12:00am

Articles

COVID-19 and bankers

The world still hasn't quite come to terms with the outbreak of COVID-19. World governments have made extensive preparations, implementing total lockdowns and encouraging people to practice social distancing to curb the spread of the virus. As major organ

Published 28 Mar, 2020 12:00am

Articles

Calamity

Praying that by the time this article gets published, miraculously, the world has found a cure for the corona virus, and/or Pakistan has been able to control the epidemic.

Published 28 Mar, 2020 12:00am

Articles

Opportunities for Pakistan

International Monetary Fund (IMF) President Kristalina Georgieva warned this week that she expects a global recession this year due to the Coronavirus (Covid-19) outbreak. In a statement released by her office in Washington, the IMF chief said that since

Published 28 Mar, 2020 12:00am

Release Shakil-ur-Rehman

In view of the threat Covid-19 poses to lives, a divisional bench of the Islamabad High Court (IHC), headed by Chief Justice Athar Minallah, on Thursday ordered the release of 24 suspects facing various corruption references filed by the National Accounta

Updated 28 Mar, 2020 07:59am

SBP's helping hand to exporters, borrowers

Central banks all over the world are using various kinds of instruments at their disposal to avoid recessionary tendencies and stimulate growth in their economies because of the spread of the devastating coronavirus and Pakistan is no exception. Realising

Updated 28 Mar, 2020 07:59am

Tribute paid to medical staff, armed forces

The Amum Taraqqi Party (ATP) chairman, Muhammad Faiq Shah has paid rich tribute to doctors, paramedics, police, armed forces, sanitary staff, volunteers and workers who have put their lives in danger to safe others from coronavirus pandemic.

Published 28 Mar, 2020 12:00am

Fight against Covid-19: Government seeks INGOs cooperation

The government on Friday offered international non-governmental organizations (INGOs) to cooperate with it in the fight against coronavirus in the country.

Published 28 Mar, 2020 12:00am

PTI MPA tests positive for coronavirus

PTI Member Provincial Assembly (MPA) from Mardan, Abdul Salam Afridi has infected with coronavirus, raising the number of positive cases of the disease in Khyber Pakhtukhwa to 176.

Published 28 Mar, 2020 12:00am

SC moved against IHC order of releasing 400 UTPs

The Supreme Court has been approached against the Islamabad High Court (IHC) order to release 400 under trial prisoners from Adiala Jail.

Published 28 Mar, 2020 12:00am

Joint strategy to deal with Covid-19: Disconnect between government, opposition

There is an evident disconnect between the government and opposition parties on formulating a collective strategy to deal with the novel coronavirus in the backdrop of alarming rise in the COVID-19 cases in Pakistan over the last few days.

Published 28 Mar, 2020 12:00am

Pakistan suggests labelling of anti-Islam bodies as terrorists

The United Nations (UN) held a consultative meeting on Friday focusing on anti-terrorism efforts across the world.

Published 28 Mar, 2020 12:00am

Shortage of face masks, sanitizers persist in market

Following coronavirus outbreak, acute shortage of face masks and hand sanitizers has further intensified in the market due to demand supply situation.

Published 28 Mar, 2020 12:00am

KP cabinet okays Rs5bn relief package for 1.9m poor families

The provincial cabinet of Khyber Pakhtunkhwa Friday approved a relief package for 1.9 million poor families and announced a relief of Rs5 billion in provincial taxes in wake of the affects of the coronavirus on the life of poor families and business commu

Published 28 Mar, 2020 12:00am

UTPs release: IHC summons secretary law ministry today

The Islamabad High Court (IHC) Friday summoned secretary Ministry of Law on March 28 (today) to explain why government officials were giving wrong and misleading information about its order to release under trial prisoners (UTPs).

Published 28 Mar, 2020 12:00am

Residents of twin cities stay indoors for 5th consecutive day

Like other parts of the country residents of twin cities of Islamabad and Rawalpindi stayed indoors for the fifth consecutive day following government ordered a lockdown to contain the rising number of coronavirus cases in the country.

Published 28 Mar, 2020 12:00am

Seven coronavirus cases detected in Larkana

Seven coronavirus positive cases were detected after testing 83 suspected patients who were brought to the quarantine established at the Areeja Campus of the Shaheed Benazir Bhutto Medical University (SMBBMU) here on Friday.

Published 28 Mar, 2020 12:00am

Raincoats and rubber boots for aid workers of Edhi Foundation

Country's biggest charity, famous for its emergency services for the poor, is kitting staff out in rain coats and rubber boots in the battle against the coronavirus as it can't get hold of proper personal protective equipment, the organization says.

Published 28 Mar, 2020 12:00am

Business & Economy

BMP voices concern over rising dollar

Secretary-General of the Businessmen Panel (BMP), Ahmad Jawad, has said trade bodies must alert the economic managers on the rising cost of dollar "as with devaluation, there is inflation. When there is inflation, your disposable income vanishes, which af

Published 28 Mar, 2020 12:00am

Commodities

Engro Fertilizers leads awareness drive against coronavirus

To protect the community from risk posed by coronavirus (COVID-19), Engro Fertilizers is leading a fumigation and disinfection drive with the district authorities in Daharki town and surrounding areas.

Published 28 Mar, 2020 12:00am

Sharjeel seeks help of businessmen, philanthropists during lockdown

The MPA Sharjeel Inaam Memon who is also the focal person for combating Coronavirus in District Hyderabad appealed to the business community, philanthropists and social organisations to help people downtrodden and ensure provision of ration during the loc

Published 28 Mar, 2020 12:00am

Congregational prayers: Sindh government's decision largely implemented in Karachi

The Sindh government's decision regarding imposition of temporary ban on congregational Friday prayers at mosques was largely implemented in Karachi.

Published 28 Mar, 2020 12:00am

Commodities

Pulses worth $374.9 million imported during July-February 2019-20

Pakistan imported $374.907 million of pulses during July-Feb 2019-20, which is higher by 5.13 percent, official figures say.

Published 28 Mar, 2020 12:00am

Business & Economy

Unilever Pakistan pledges Rs 200 million for coronavirus relief efforts

Unilever Pakistan has pledged Rs 200 million towards coronavirus relief efforts in the country. The commitment includes wide-ranging measures to reduce the impact of the pandemic, which threatens the health of the citizens and economic wellbeing of the co

Published 28 Mar, 2020 12:00am

Money & Banking

Shareholders of Soneri Bank approve 2019 annual results

The annual financial statements of Soneri Bank Limited for the year ended 31 December 2019 were approved by the shareholders of the Bank in its 28th AGM held simultaneously via Videocon in Lahore and Karachi, on Thursday, 26 March 2020.

Published 28 Mar, 2020 12:00am

78 prisoners freed from Balochistan jails

Seventy eight prisoners were released from different jails of Balochistan province on Friday. The provincial government has ordered remission of two months in jail term of all prisoners and the IGP Jails following this order released 78 prisoners. Of them

Published 28 Mar, 2020 12:00am

SHC rules out blanket release of prisoners on sole ground of coronavirus

The Sindh High Court (SHC) on Friday sought a report from the provincial government on steps taken to prevent the spread of the coronavirus in prisons after ruling out blanket release of prisoners from jails on the sole ground of the coronavirus as the ru

Published 28 Mar, 2020 12:00am

Five members of a family killed in roof collapse

Five persons of the same family were killed when roof of a dilapidated house collapsed in village 71-EB near Arifwala, a tehsil of Pakpattan District in the Punjab province in the wee hours of Friday.

Published 28 Mar, 2020 12:00am

Commodities

Flour sale points set up in Lahore

To ensure an adequate supply of 'atta' in the event of lockdown, the Lahore administration has set up 25 sale points in various parts of the provincial capital. Trucks loaded with 'atta' bags will be placed at the designated sales points, said District Co

Published 28 Mar, 2020 12:00am

Prevention from coronavirus: Chinese varsity to set up hospital in Lahore soon

Chinese Kunming University of Science and Technology has announced to set up a hospital in Lahore for prevention from corona and conducting research on this deadly virus. The Chinese university will also donate corona test kits, masks and gloves to Pakist

Published 28 Mar, 2020 12:00am

LHC directs government to ensure smooth supply of flour, food items

The Lahore High Court on Friday observed that the government should have taken appropriate precautionary measures the moment neighbouring China was hit by the pandemic, and also directed the Punjab government to ensure smooth supply of flour and food item

Published 28 Mar, 2020 12:00am

Energy

Lockdown: LPG consumers run from pillar to post

Despite the issuance of directives by the ministry of energy (petroleum division) and the Punjab government, the local city district administration is not allowing the LPG sellers to open their shops which has multiplied the sufferings of people across th

Published 28 Mar, 2020 12:00am

Energy

Date for payment of electricity bills extended till April 7

The ministry of energy has extended payment date of electricity bills to April 7 without late payment surcharge.

Published 28 Mar, 2020 12:00am

Money & Banking

BoK approves final cash dividend of Rs 0.5 per share

The 29th Annual General Meeting (AGM) of the Bank of Khyber was held on March 27 at Peshawar electronically via Videocon in view of the recent outbreak of the COVID-19. Meeting was attended by the, Directors, CEO, minimum numbers of shareholders and some

Published 28 Mar, 2020 12:00am

Commodities

Passco launches wheat procurement drive in Hyderabad zone

The Pakistan Agricultural Storage Services Corporation (Passco) on Friday launched its procurement drive in Sindh by initiating distribution of gunny bags among wheat farmers in Hyderabad Zone.

Published 28 Mar, 2020 12:00am

Coronavirus: One more death in Lahore raises toll to 10 in country

Another coronavirus patient, Hanif, who was resident of Sheikhupura, has died raising the death toll due to COVID-19 to 10 in Pakistan.

Published 28 Mar, 2020 12:00am

Taxes

Construction industry: Government mulling returning to final tax regime

The federal government is considering to return to the final tax regime from the existing normal tax regime in order to facilitate the construction industry, said sources.

Published 28 Mar, 2020 12:00am

Faisalabad sans Covid-19 case: DC

Deputy Commissioner Muhammad Ali has said that Al Hamdolillah currently there is no patient of coronavirus in Faisalabad district however, till 13 suspected reports came negative out of the 26 suspected corona patients.

Published 28 Mar, 2020 12:00am

Articles

Partly Facetious: World struggling to cope with coronavirus pandemic

"How many nations did we destroy..."

Published 28 Mar, 2020 12:00am

Money & Banking

Dollar pulls back in Asia as risks ebb

The dollar was on track for its biggest weekly fall in more than a decade on Friday as a series of stimulus measures around the world, including a $2.2 trillion US package, helped temper a rout in global markets triggered by the coronavirus pandemic.

Published 28 Mar, 2020 12:00am

Money & Banking

Dollar on track for biggest weekly fall in a decade in Europe

The dollar was on track for its biggest weekly decline in more than a decade on Friday, as trillions of dollars worth of stimulus efforts by governments and central banks helped temper a rout in global markets triggered by the coronavirus pandemic.

Published 28 Mar, 2020 12:00am

Money & Banking

Early trade in New York: dollar edges up but headed for biggest weekly fall since 2016

The dollar edged higher on Friday but remained on track for its biggest weekly decline in four years, as trillions of dollars worth of stimulus efforts by governments and central banks during the coronavirus epidemic helped temper a rout in global markets

Published 28 Mar, 2020 12:00am

Money & Banking

Dollar drops broadly in New York

The dollar dropped broadly on Thursday after an unprecedented rise in jobless claims led investors to anticipate that the US government and Federal Reserve would take new steps to stimulate the economy.

Published 28 Mar, 2020 12:00am

Money & Banking

Turkey's lira slides

Turkey's lira tumbled nearly 1% on Friday as coronavirus cases surge and analysts predicted very little growth this year for an economy to be hit by months of disruptions to trade, tourism and domestic demand.

Published 28 Mar, 2020 12:00am

Money & Banking

Asian forex: Most emerging units set for weekly gains

Most emerging Asian currencies strengthened on Friday and were set for weekly gains as a series of hefty global stimulus measures against the coronavirus eased a dollar funding crunch.

Published 28 Mar, 2020 12:00am

Money & Banking

Respite for sterling as traders shun safe-haven dollar

Sterling eked out gains on Friday as investors grew more confident that the United States government and central bank economic stimulus could alleviate some of the impact of the coronavirus crisis.

Published 28 Mar, 2020 12:00am

Money & Banking

Australian, New Zealand dollar get a reprieve

The Australian and New Zealand dollars were boasting their best weekly performance in eight years on Friday after dire US jobs data and another pledge of unlimited easing by the Federal Reserve undermined their US counterpart.

Published 28 Mar, 2020 12:00am

PML-N devises strategy to help masses directly, says Shahbaz

Pakistan Muslim League-Nawaz president and Leader of the Opposition in the National Assembly Shahbaz Sharif has directed all the mayors and district chairmen to buckle up to protect the lives of their fellow Pakistanis and to start serving the nation with

Published 28 Mar, 2020 12:00am

Business & Economy

Legal issues in tax laws of SMEs highlighted

Some legal issues in the tax laws, governing tax concessions including minimum tax exemption to industries setup or to be setup at the Special Economic Zones (SEZs), have created a disincentive for the investors.

Published 28 Mar, 2020 12:00am

LHC grants bail to journalist in hate material case

The Lahore High Court on Friday granted post-arrest bail to journalist Izharul Haq in a case of sharing hate material on social media against state institution.

Published 28 Mar, 2020 12:00am

NDRMF chief calls on PM

The CEO National Disaster Risk Management Fund (NDRMF), Lt Gen Nadeem Ahmed (retd), called on Prime Minister Imran Khan here, said a press release issued on Friday.

Published 28 Mar, 2020 12:00am

Telecommunication

Telecom sector's contribution to exchequer nosedives

Telecom sector contribution to the national exchequer and the Foreign Direct Investment (FDI) in the sector are on a continuous decline, remaining Rs95 billion and $635.3 million, while registering 37 percent and 20 percent fall, respectively during 2018-

Published 28 Mar, 2020 12:00am

Telecommunication

Ufone partners with MicroEnsure to offer 'USehat'

A leading mobile phone operator (Ufone) Friday partnered with MicroEnsure to offer 'USehat' to offer affordable healthcare solution to Pakistanis providing financial safety net to customer against costs of hospitalization at any hospital across Pakistan.

Published 28 Mar, 2020 12:00am

'Ehsaas Emergency Cash Programme': Rs 12,000 cash grant to affectees of Covid-19 likely from April

The government is all set to relax eligibility threshold/criteria for accommodating more people under the "Ehsaas Emergency Cash Programme" mainly daily wagers/labours, whose livelihood has been badly affected by the coronavirus outbreak.

Published 28 Mar, 2020 12:00am

FINCA Pakistan's response to COVID-19 pandemic

As the COVID-19 (coronavirus) pandemic spreads, FINCA Pakistan, part of a global network, is playing its role to stem the spread. The Microfinance Bank has taken swift and divisive measures to ensure the health and safety of its employees, partners and cu

Published 28 Mar, 2020 12:00am

Energy

CNG prices reduced in Punjab ICT

Spokesperson for Petroleum Division says in an official statement that there will be no change in petrol, diesel and other petroleum products' prices for the month of April 2020.

Published 28 Mar, 2020 12:00am

Taxes

Fight against Covid-19: RTO urges traders to clear tax dues for doctors' help

The Federal Board of Revenue's Regional Tax Office (RTO) Islamabad Friday approached the business community to voluntarily come forward and pay outstanding amount of taxes, so that the government could be of further assistance to the doctors and other med

Published 28 Mar, 2020 12:00am

North Macedonia officially joins NATO

North Macedonia officially joined NATO on Friday, becoming the 30th member of the alliance after resolving a long-running name row with Greece.

Published 28 Mar, 2020 12:00am

Eurozone given two weeks to find virus response

EU leaders on Thursday gave eurozone finance ministers a fortnight to come up with a stronger response to the economic havoc wrought by the coronavirus pandemic.

Published 28 Mar, 2020 12:00am

Afghan government unveils negotiating team for Taliban talks

The Afghan government has finalised a 21-member team - including five women - who will negotiate with the Taliban in upcoming talks aimed at ending Afghanistan's 18-year-old conflict, officials said Friday.

Published 28 Mar, 2020 12:00am

Libraries use 3D to print protective visors in Lithuania

Public libraries in Lithuania are using 3D printers to produce protective visors for doctors and other medical personnel caring for the country's exploding number of coronavirus infections.

Published 28 Mar, 2020 12:00am

US cancels major Philippines war games

The US military has cancelled a large-scale exercise involving thousands of troops in the Philippines because of the coronavirus pandemic.

Published 28 Mar, 2020 12:00am

Prince Harry and Meghan now based in California

Prince Harry and his wife Meghan have permanently relocated to California amid the coronavirus pandemic, media reports said Friday.

Published 28 Mar, 2020 12:00am

Canada objects to US plan to post troops at border

Canada opposes a plan by the United States to send troops to its northern frontier to catch border jumpers who may be carrying COVID-19, Prime Minister Justin Trudeau said Thursday.

Published 28 Mar, 2020 12:00am

Trump demands GM, Ford produce ventilators 'immediately'

US President Donald Trump demanded Friday that automakers Ford and General Motors start making ventilators to help ease the growing pressure on hospitals to care for coronavirus patients.

Published 28 Mar, 2020 12:00am

New York plans more hospitals as virus death toll surges

New York's coronavirus death toll jumped to 519 on Friday, according to the state's governor, who announced plans to set up four more temporary hospitals to cope with the deluge of patients.

Published 28 Mar, 2020 12:00am

Bob Dylan drops first original music in nearly a decade

Bob Dylan surprised fans overnight into Friday by releasing his first original music in eight years, a 17-minute ballad about the assassination of John F. Kennedy.

Published 28 Mar, 2020 12:00am

US navy hospital ship reaches virus-struck Los Angeles

A giant US naval hospital ship arrived in Los Angeles Friday, where it will be used to ease the strain on the city's coronavirus-swamped emergency rooms.

Published 28 Mar, 2020 12:00am

China and US must 'unite to fight virus': Xi tells Trump

China and the United States should "unite to fight" the deadly coronavirus pandemic, President Xi Jinping said in a call with Donald Trump on Friday, as he called for the US to improve relations.

Published 28 Mar, 2020 12:00am

Other

Couple to run Dubai balcony marathon

A South African couple are to run a marathon on their Dubai balcony to be streamed online as an example of how to beat the coronavirus blues under lockdown.

Published 28 Mar, 2020 12:00am

Football

Nadal, Gasol launch fundraiser to pay back debt to Covid hit Spain

Spanish sports stars Rafael Nadal and Pau Gasol launched a fund-raising drive on Thursday explaining they wanted to give something back to the coronavirus hit nation that nurtured them to greatness.

Published 28 Mar, 2020 12:00am

Cricket

Anderson 'hungry' to keep playing for England

Seamer James Anderson says he is still hungry to play for England and has no intention of letting the coronavirus outbreak bring an end to his international career.

Published 28 Mar, 2020 12:00am

Football

Djokovic donates 1m euros to help Serbia combat coronavirus

Tennis world number one Novak Djokovic said Friday he was donating one million euros ($1.1 million) to help his native Serbia buy respirators and other gear to combat the coronavirus. The player was speaking in a video conference from the southern Spanish

Published 28 Mar, 2020 12:00am

Aussie coach Langer sees 'silver lining' to virus shutdown

Australia coach Justin Langer is encouraging his players to see a "silver lining" from the coronavirus shutdown of sport and enjoy the "nirvana" of unexpected time at home with family.

Published 28 Mar, 2020 12:00am

Other

Badminton boss fires back at 'disappointing' virus criticism

Badminton's top official has hit back at "very disappointing" criticism after the sport was accused of putting profits before players by allowing the All England Championship to go ahead during the coronavirus crisis.

Published 28 Mar, 2020 12:00am

Other

Diamond League postpones three more events

The Diamond League postponed three more events due to the coronavirus pandemic on Friday, wiping out the entire early season calender for the elite athletics circuit.

Published 28 Mar, 2020 12:00am

Cricket

English cricket chiefs consider virus checkpoints

English cricket chiefs are considering installing coronavirus checkpoints and isolation units at grounds as a way of restarting the game behind closed doors.

Published 28 Mar, 2020 12:00am

Other

Delayed Olympics will be a relief for sponsors in current chaos: experts

The decision to postpone the Tokyo Olympics until 2021 will be welcomed by the sponsors who pay hundreds of millions to be associated with the event, British advertising veteran Martin Sorrell has told AFP.

Published 28 Mar, 2020 12:00am

Money & Banking

Bank of Canada lowers rate to 0.25 percent

The Bank of Canada on Friday lowered a key interest rate to 0.25 percent as part of a drive to cushion the impact of the coronavirus pandemic.

Published 28 Mar, 2020 12:00am

Money & Banking

India's central bank slashes interest rates

India's central bank cut interest rates sharply Friday as the coronavirus outbreak deepens fears for Asia's third largest economy, which was already battling a prolonged slowdown. The move, which came ahead of the bank's scheduled meeting next month, foll

Published 28 Mar, 2020 12:00am

Stocks

Mnuchin pledges speedy delivery of cash to Americans

US Treasury Secretary Steven Mnuchin on Friday pledged to quickly send cash to Americans as part of the a massive $2.2 trillion relief package aimed at rescuing the coronavirus-battered economy.

Published 28 Mar, 2020 12:00am

Global Business Economy

US consumer sentiment near 3-1/2-year low, spending tepid

US consumer sentiment dropped to near a 3-1/2-year low in March as the coronavirus epidemic upended life for Americans, and consumer spending was sluggish in February, strengthening economists' expectations of a deep recession.

Published 28 Mar, 2020 12:00am

Energy

Asia's naphtha cracks gain; YNCC buys at discount

Asia's naphtha crack more than doubled from the previous session, hitting a three-session high of $23.83 a tonne on Thursday, as Brent crude raw material prices fell.

Published 28 Mar, 2020 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 13	278.15
USD PKR Interbank Buying / Dec 13	277.95
USD to Japanese Yen / Dec 13	153.65
USD to Swiss Franc / Dec 13	0.89
Pound Sterling to USD / Dec 13	1.26
Euro to USD / Dec 13	1.05

Stock	Volume
S&P 500 / Dec 13	6,051.09
India Sensex / Dec 13	82,133.12
Tokyo Nikkei / Dec 13	39,470.44
Nasdaq / Dec 13	19,926.72
Hang Seng / Dec 13	19,971.24
FTSE 100 / Dec 13	8,300.33
Dow Jones / Dec 13	44,828.06
Germany DAX 30 / Dec 13	20,405.92

Item	Value
Crude Oil USD/Barrel / Dec 13	71.29
Karachi Cotton PKR/37.32 KG / Dec 13	17,585
Gold 10 Grams PKR / Dec 13	242,373.80
Gold Spot USD/Ounce / Dec 13	2,648.23
Cotton US¢/pound / Dec 13	69.27
Petrol/Litre / Dec 16	252.10

Gainers
Losers
Leaders

Stock	Price
Dadabhoy Cement / Dec 16 Dadabhoy Cement Industries Limited(DBCI)	6.11 ▲ 1.00 (19.57%)
First Capital Equities / Dec 16 First Capital Equities Limited(FCEL)	5.88 ▲ 0.88 (17.60%)
Gulistan Sp. / Dec 16 Gulistan Spinning Mills Limited(GUSM)	10.66 ▲ 1.00 (10.35%)
Nimir Resins / Dec 16 Nimir Resins Limited(NRSL)	30.31 ▲ 2.76 (10.02%)
Data Agro / Dec 16 Data Agro Limited(DAAG)	115.07 ▲ 10.46 (10.00%)
National Refinery / Dec 16 National Refinery Limited(NRL)	312.39 ▲ 28.40 (10.00%)
Pak Synthetics / Dec 16 Pakistan Synthetics Limited(PSYL)	41.79 ▲ 3.80 (10.00%)
Synthetic Prod / Dec 16 Synthetic Products Enterprises Limited(SPEL)	49.74 ▲ 4.52 (10.00%)
Pak.Int.Cont.. / Dec 16 Pakistan International Container(PICT)	53.39 ▲ 4.85 (9.99%)

Stock	Price
Din Tex. / Dec 16 Din Textile Mills Limited(DINT)	49.46 ▼ -5.50 (-10.01%)
Olympia Mills / Dec 16 Olympia Mills Limited(OML)	32.27 ▼ -3.58 (-9.99%)
Orient Rental / Dec 16 Orient Rental Mod(ORM)	7.56 ▼ -0.79 (-9.46%)
First Imrooz Mod. / Dec 16 First Imrooz Modaraba(FIMM)	185 ▼ -15.00 (-7.50%)
Pak Leather / Dec 16 Pak Leather Crafts Limited(PAKL)	32.05 ▼ -2.58 (-7.45%)
F.Credit & Inv / Dec 16 First Credit and Investment Bank Limited(FCIBL)	8.08 ▼ -0.61 (-7.02%)
Sapphire Fibres / Dec 16 Sapphire Fibres Limited(SFL)	1,165.11 ▼ -74.62 (-6.02%)
Prosperity Weav / Dec 16 Prosperity Weaving Mills Limited(PRWM)	35 ▼ -2.00 (-5.41%)
Cordoba Logistics / Dec 16 Cordoba Logistics & Ventures Limited(CLVL)	15.60 ▼ -0.89 (-5.40%)

Stock	Volume
WorldCall Telecom / Dec 16 Worldcall Telecom Limited(WTL)	129,897,250 ▲ 0.07
Pak Int.Bulk / Dec 16 Pakistan International Bulk Terminal(PIBTL)	75,509,313 ▼ -0.21
Treet Corp / Dec 16 Treet Corporation Limited(TREET)	47,769,875 ▲ 1.99
Fauji Foods Ltd / Dec 16 Fauji Foods Limited(FFL)	47,559,743 ▼ -0.12
K-Electric Ltd. / Dec 16 K-Electric Limited(KEL)	44,439,472 ▼ -0.07
Cnergyico PK / Dec 16 Cnergyico PK Limited(CNERGY)	41,439,027 ▲ 0.22
Power Cement / Dec 16 Power Cement Limited(POWER)	37,891,771 ▲ 0.00
Pak Elektron / Dec 16 Pak Elektron Limited(PAEL)	32,798,832 ▲ 0.83
Hascol Petrol / Dec 16 Hascol Petroleum Limited(HASCOL)	29,057,992 ▼ -0.10

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