News Archives for Print - 2020-03-30

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Print - 2020-03-30

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (March 24 to 27, 2020).

Published 30 Mar, 2020 12:00am

Returns on Profit and Loss Sharing Investment Bank Accounts (July to December 2019)

Comparative table of returns being given banks on their Profit and Loss Sharing Investment Accounts and Term Deposits.

Published 30 Mar, 2020 12:00am

The Weather

The weather report on Sunday (March 29, 2020) and the forecast for Monday (March 30, 2020).

Published 30 Mar, 2020 12:00am

Aaj TV - Monday's schedule

All timings are in PST (Pakistan Standard Time).

Published 30 Mar, 2020 12:00am

Money & Banking

IMF, World Bank clear Somalia for debt relief, normal ties to world

The IMF and the World Bank on Wednesday said Somalia had taken the necessary steps to begin receiving debt relief, a key move that will allow the Horn of Africa country to lower its $5.2 billion in external debt to around $557 million.

Published 30 Mar, 2020 12:00am

Global Business Economy

UK carmakers face calm before virus storm: industry

Britain's carmakers are facing the "calm before the storm", as they brace for severe fallout from the coronavirus pandemic, the nation's industry body warned on Friday.

Published 30 Mar, 2020 12:00am

Energy

Global oil refiners to deepen output cuts as coronavirus destroys demand

Oil refiners from Texas to Thailand are bracing for deeper output cuts, bruised by an unprecedented demand shock as more countries lock down and restrict travel to contain the spread of the coronavirus.

Published 30 Mar, 2020 12:00am

Global Business Economy

Norway's wealth fund has lost $125 billion this year

Norway's sovereign wealth fund, the world's biggest, has lost 1.33 trillion kroner ($125 billion) since the start of 2020 as markets collapse under the COVID-19 pandemic, its management said Thursday.

Published 30 Mar, 2020 12:00am

Money & Banking

Draghi urges EU governments to shield economies

Former European Central Bank chief Mario Draghi said he is in favour of massive interventions by governments on the continent to preserve economic structures through the coronavirus shutdown.

Published 30 Mar, 2020 12:00am

Commodities

As virus leaves borders shut, European farmers sound alarm

Whether it's served with butter and ham, drowned in hollandaise sauce or topped with a fried egg, nothing says spring in Germany like asparagus.

Published 30 Mar, 2020 12:00am

Energy

Brazilian power holding Eletrobras reports $2.1bn net income

Brazilian power holding Centrais Elétricas Brasileiras SA reported a net income of 10.7 billion reais

Published 30 Mar, 2020 12:00am

Global Business Economy

Coronavirus redraws battle lines on airline emissions

European airlines crippled by the coronavirus have demanded lasting relief from environmental taxes - in a move that pits their immediate survival against longer-term emissions goals.

Published 30 Mar, 2020 12:00am

Global Business Economy

Coronavirus crisis could destroy far more than 25m jobs: ILO official

The number of jobs lost around the world due to the coronavirus crisis could be "far higher" than the 25 million the International Labour Organization (ILO) estimated just a week ago, a senior ILO official said on Thursday.

Published 30 Mar, 2020 12:00am

Global Business Economy

International tourism to plunge up to 30 percent: UN

International travel will likely fall by 20-30 percent in 2020 due to the novel coronavirus pandemic, putting millions of jobs in the global tourism sector at risk, the World Tourism Organization said Friday.

Published 30 Mar, 2020 12:00am

Global Business Economy

Lufthansa puts 31,000 on shorter hours until September

German airline giant Lufthansa said Friday it would apply for government aid to place 31,000 workers on shorter hours until September, with carriers worldwide among the companies hardest hit by the coronavirus crisis.

Published 30 Mar, 2020 12:00am

Global Business Economy

Airbnb to offer housing to 100,000 crisis responders

Airbnb said Thursday it would provide free or subsidized housing for up to 100,000 relief workers responding to the coronavirus pandemic around the world.

Published 30 Mar, 2020 12:00am

Falling Latam demand deprives US refiners of top customers

Latin American demand for refined products is rapidly drying up as the coronavirus pandemic worsens, leaving US refiners without their main export destination.

Published 30 Mar, 2020 12:00am

Tata, Liberty Steel cut European output

Tata Steel Europe and Liberty Steel have joined other European steel groups in cutting production after automakers and other firms slashed output due to the coronavirus outbreak.

Published 30 Mar, 2020 12:00am

Global Business Economy

Austria economy to shrink in 2020

Austria's economy is predicted to shrink at least 2.5 percent in 2020 if strict movement restrictions to fight the new coronavirus spread are lifted step-by-step by the end of April, economists said Thursday.

Published 30 Mar, 2020 12:00am

Telecommunication

Huawei unveils P40 smartphones online

China's Huawei Technologies unveiled its new flagship photography-focused P40 smartphones on Wednesday in an online presentation after the coronavirus scuppered the event it had planned.

Published 30 Mar, 2020 12:00am

IT & Computers

Turn off the microwave to boost wifi, says UK's media regulator

People should avoid using the microwave at the same time as they are making video calls, watching HD videos or doing something important online because the ovens can slow wifi signals, Britain's media regulator Ofcom said on Wednesday.

Published 30 Mar, 2020 12:00am

IT & Computers

Crowdsourced virtual supercomputer revs up virus research

Gamers, bitcoin "miners" and companies large and small have teamed up for an unprecedented data-crunching effort that aims to harness idle computing power to accelerate research for a coronavirus treatment.

Published 30 Mar, 2020 12:00am

IT & Computers

Facebook lowers video quality in Latin America, following Europe

Facebook Inc will lower video streaming quality on its platform and on Instagram in Latin America, replicating measures adopted in Europe, to ease network congestion in a region that is starting to feel the grip of the coronavirus.

Published 30 Mar, 2020 12:00am

IT & Computers

Home work triggers demand jump for chips, laptops and network goods

With more employees working from home to help slow the spread of the coronavirus, demand is surging for laptops and network peripherals as well as components along the supply chain such as chips, as companies rush to build virtual offices.

Published 30 Mar, 2020 12:00am

What happens after the coronavirus peaks?

Like a giant tidal wave, the COVID-19 pandemic is battering the health systems of several European countries, leaving experts scrambling to know when it will reach its peak.

Published 30 Mar, 2020 12:00am

Air quality picking up in quarantined countries

Air quality is improving in countries under coronavirus quarantines, experts say, but it is far too early to speak of long-term change.

Published 30 Mar, 2020 12:00am

China's virus strategy: a model for the world?

The head of the World Health Organization believes China's battle with the coronavirus offers a beacon of hope, but others question whether Beijing's strategy can be followed by other countries - particularly Western democracies.

Published 30 Mar, 2020 12:00am

As Europe fights coronavirus and climate, is 'green stimulus' the way?

For European governments battling to brace economies pummelled by the coronavirus, there might be no better time to go green.

Published 30 Mar, 2020 12:00am

Money & Banking

Three of China's big banks beat profit estimates

Three of China's listed state-owned banks reported forecast-beating fourth-quarter results on Friday, as non-performing loan ratios held steady.

Published 30 Mar, 2020 12:00am

Global Business Economy

Walmart ups minimum wage in e-commerce warehouses by $2

Walmart Inc said on Monday it has temporarily raised entry wages for workers in its e-commerce warehouses by $2, following similar moves by rivals, as it attempts to manage a shopping surge brought about by the coronavirus outbreak.

Published 30 Mar, 2020 12:00am

Money & Banking

Investors look to 2008 for guidance on when to jump back in

Investment banks are dusting off models from the 2008 financial crisis to gauge the right time to buy back into stock markets that have plunged 30% from their February record highs because of the coronvirus crisis. That inflection point is not easy to mod

Published 30 Mar, 2020 12:00am

Money & Banking

ABN Amro takes $200 million hit on US client felled by market turmoil

ABN Amro's clearing business has suffered a net loss of around $200 million after an unidentified US client got into difficulties during the market turmoil sparked by the coronavirus pandemic, the Dutch bank said on Thursday.

Published 30 Mar, 2020 12:00am

Global Business Economy

Companies adapt as coronavirus upends global economy

Companies are scrambling to adapt as the coronavirus emergency saps demand and governments order them to shut down part if not all of their activities.

Published 30 Mar, 2020 12:00am

Money & Banking

UniCredit unveils new lending measures

Italy's biggest bank UniCredit has unveiled new credit measures for firms, which are facing a liquidity squeeze due to a lockdown to fight coronavirus which from Monday extends to all business activity deemed non-essential.

Published 30 Mar, 2020 12:00am

Global Business Economy

Qantas secures $628 million against aircraft fleet

Qantas Airways Ltd said on Wednesday it had secured A$1.05 billion ($628 million) of funding against its aircraft fleet to help strengthen its financial position as it grapples with a plunge in demand due to the coronavirus pandemic.

Published 30 Mar, 2020 12:00am

Global Business Economy

Airlines beg for rescue as coronavirus hit soars to $250 billion

Global airlines urged governments on Tuesday to speed up bailouts to rescue the air transport industry as they doubled their estimate of 2020 revenue losses from the coronavirus crisis to more than $250 billion.

Published 30 Mar, 2020 12:00am

Cricket

England players set for pay cuts due to coronavirus crisis

England's cricket players must "realise the bigger picture" and will be expected to take a pay cut as the country's cricket governing body (ECB) tries to deal with the financial impact of the coronavirus pandemic, The Times reported on Sunday.

Published 30 Mar, 2020 12:00am

Other

Spurs star Son returns to South Korea for 'personal reasons'

Tottenham forward Son Heung-min has been allowed to fly home to South Korea for "personal reasons". Although Britain is on lockdown due to the coronavirus, the Premier League club on Sunday said Son has been given permission to return to Asia.

Published 30 Mar, 2020 12:00am

Other

Two Olympic champions amongst four Russians accused of doping

Four Russian athletes, including two former Olympic champions, have been charged with doping based on evidence from the bombshell McLaren report, the Athletics Integrity Unit (IAU) said Friday. Andrey Silnov, the 2008 Olympic high jump champion, and 2012

Published 30 Mar, 2020 12:00am

Other

Star batsman Smith's leadership ban ends

A two-year leadership ban slapped on Steve Smith after the ball-tampering scandal in South Africa ended Sunday, leaving the master batsman free to skipper Australia again.

Published 30 Mar, 2020 12:00am

Football

Turkish World Cup hero Recber hospitalised with coronavirus

Former Turkish national team and ex-Barcelona goalkeeper Rustu Recber is in hospital after testing positive for coronavirus, his wife said. Recber took on hero status in Turkey as he kept goal at the 2002 World Cup, anchoring his team to the semi-finals a

Published 30 Mar, 2020 12:00am

Other

British boxer Yarde's father dies of coronavirus

British boxer Anthony Yarde urged the public to stay at home after revealing his father has died of the coronavirus. Yarde, who fought Sergey Kovalev for the Russian's cruiserweight world title last year, said his father had been "fit with no health issue

Published 30 Mar, 2020 12:00am

Other

Postponing Olympics saves athletes from mental turmoil: Coe

World Athletics president Sebastian Coe said Sunday that the decision to postpone this year's Tokyo Olympics because of the coronavirus has saved athletes from "mental turmoil".

Published 30 Mar, 2020 12:00am

Football

South African Premiership finish date 'unrealistic', warns doctor

Former South Africa national team doctor Ntlopi Mogoru says it is "unrealistic" to expect the country's Premiership to finish by the end of June as the coronavirus pandemic continues to spread.

Published 30 Mar, 2020 12:00am

Other

UK Athletics chief shuns 'medals at all costs' mentality

UK Athletics' new chief executive Joanna Coates does not want "medals at all costs" as she tries to steer the organisation through a turbulent period. UK Athletics recently published the results of an independent review into the handling of Mo Farah's con

Published 30 Mar, 2020 12:00am

Other

Tokyo organisers eye July 2021 for delayed Olympics

Tokyo Olympics organisers are eyeing next July as a start date for the postponed Games, Japanese media reported Sunday, following the historic decision to delay the event due to the coronavirus.

Published 30 Mar, 2020 12:00am

Football

Xavi wants 'total harmony' to return to Barcelona as coach

Xavi Hernandez has reiterated his desire to coach Barcelona in the future but suggests he will not return until a different board brings a new sense of direction to the club.

Published 30 Mar, 2020 12:00am

Partisan divide returns in US Congress on coronavirus next steps

Fresh partisan divisions flared on Sunday on the next steps for the US Congress in dealing with the coronavirus crisis, with the top House of Representatives Republican casting doubt on the need for more economic stimulus legislation while House Speaker N

Published 30 Mar, 2020 12:00am

Energy

Nigeria imposes offshore oil worker restrictions

Nigeria's petroleum regulator has ordered oil and gas companies to reduce their offshore workforce and move to 28-day staff rotations as part of measures to curb the spread of the coronavirus, according to a circular seen by Reuters.

Published 30 Mar, 2020 12:00am

Money & Banking

Czech ministry pushes for blanket loan payment moratorium at banks

Czech Finance Minister Alena Schillerova wants banks to put in place a blanket six-month moratorium on mortgage, consumer and company loan payments and said on Sunday she is readying legislation to present to the government this week.

Published 30 Mar, 2020 12:00am

Global Business Economy

UK companies worried about outlook even before lockdown: CBI

British companies in key sectors were already bracing for the biggest hit to business since 2009 even before last week's shutdown of the much of the economy as the government moved to slow the spread of coronavirus, an employers' group said.

Published 30 Mar, 2020 12:00am

Telecommunication

Bouygues Telecom to put 20 percent of staff on partial unemployment

France's Bouygues Telecom said on Sunday about 20% of its workforce would be temporarily laid off during the coronavirus crisis and receive compensation for 15 days. France has launched a package of measures to cushion the economic blow dealt by the coron

Published 30 Mar, 2020 12:00am

Global Business Economy

China's Sinopec cuts 2020 capital spending by 2.5 percent

Asia's top refiner China Petroleum & Chemical Corp, or Sinopec, will trim capital expenditures in 2020 by 2.5% from a year earlier amid plunging oil prices and tepid fuel demand caused by the coronavirus outbreak.

Published 30 Mar, 2020 12:00am

Money & Banking

Turkish central bank predicts strong growth despite coronavirus

Turkey's central bank expects high first-quarter growth thanks to a strong January and February, its deputy governor was quoted as saying on Sunday, as the nation battles to contain the coronavirus.

Published 30 Mar, 2020 12:00am

Stocks

ESM, not Eurobonds is the mechanism to share burden: German finance minister

The European Stability Mechanism (ESM) is the right instrument to share the economic burden of the coronavirus crisis, German finance minister Olaf Scholz said on Sunday, reiterating that jointly issued debt by euro zone members was not the right way to c

Published 30 Mar, 2020 12:00am

Global Business Economy

Qatar Airways says it will need state support as cash runs out

Qatar Airways will have to seek government support eventually, Chief Executive Akbar al-Baker told Reuters on Sunday, warning that the Middle East carrier could soon run out of the cash needed to continue flying.

Published 30 Mar, 2020 12:00am

Stocks

Most major Gulf stocks gain on coronavirus measures

Most major Gulf bourses rose on Sunday as the states took more stringent measures to contain the coronavirus, though Qatar's index fell after the nation's first death from the virus. In Abu Dhabi, the index advanced 2.9%, led by a 6.2% gain for First Abu

Published 30 Mar, 2020 12:00am

Stocks

A falling yen may not be the economic cure Japan seeks

Fallout from the coronavirus outbreak may finally lift the curse of the safe-haven yen for Japan but policymakers fear fiscal laxity could lead to a currency free-fall eventually, undermining efforts to cushion the economy from the pandemic.

Published 30 Mar, 2020 12:00am

Stocks

Bond markets look to ECB to stem yield blowout - again

ECB president Christine Lagarde said a week ago the central bank wasn't there to "close spreads", in other words, to tame bond market blowouts in riskier euro zone members. Mounting stress means she may have to do exactly that.

Published 30 Mar, 2020 12:00am

Stocks

Wall Street week ahead: Fund rebalancing could help buoy stock rebound

Money managers rebalancing their portfolios to boost equity exposure into the end of the quarter may support the nascent stock rally that has followed the steep coronavirus-fueled market drop.

Published 30 Mar, 2020 12:00am

Stocks

Madrid approves Swiss exchange's bid for Spanish BME bourse

The Spanish government on Tuesday authorised Swiss stock exchange operator SIX's 2.84 billion euro takeover for its Spanish rival Bolsas y Mercados Espanoles (BME), which would create Europe's third biggest operator.

Published 30 Mar, 2020 12:00am

Plane catches fire on takeoff at Philippine airport, eight dead

A Japan-bound plane caught fire on takeoff at Manila airport in the Philippines late Sunday, killing all eight people on board, airport authorities said.

Published 30 Mar, 2020 12:00am

Mali votes despite coronavirus and security fears

Malians voted in a long-delayed parliamentary election on Sunday, barely a day after the country recorded its first coronavirus death and with the leading opposition figure kidnapped and believed to be in the hands of jihadists.

Published 30 Mar, 2020 12:00am

Record virus deaths in Spain as world hunkers down for long haul

Spain broke another national record of daily coronavirus deaths Sunday as more than 40 percent of the world's population was asked to stay home in hopes of halting the deadly march of a disease that has claimed more than 32,000 lives.

Published 30 Mar, 2020 12:00am

Syria declares first death

A woman in Syria died on Sunday of the novel coronavirus, the health ministry said, marking the country's first officially declared death from COVID-19. "The woman died as soon as she was admitted to hospital," the health ministry said in a statement carr

Published 30 Mar, 2020 12:00am

Bolivia reports first death

A 78-year-old woman on Sunday became the first person to die of the new coronavirus in Bolivia, which has reported 81 confirmed cases, the government announced. Health Minister Anibal Cruz told reporters the woman, who was hospitalized in the department o

Published 30 Mar, 2020 12:00am

China defends against incoming second wave of coronavirus

A growing number of imported coronavirus cases in China risked fanning a second wave of infections when domestic transmissions had "basically been stopped", a senior health official said on Sunday, while eased travel curbs may also add to domestic risks.

Published 30 Mar, 2020 12:00am

North Korea fires two short-range 'ballistic missiles' into sea

North Korea fired what appeared to be two short-range ballistic missiles off its east coast on Sunday, the fourth such launch this month as the world battles the coronavirus outbreak.

Published 30 Mar, 2020 12:00am

Brief Recordings

An interview with the co-founders of Oraan Tech Pvt. Ltd.

Halima is the founder and CEO of Oraan, a collaborative platform for group savings. After graduating from University of Waterloo, she started off her career in investment banking and then moved on to consult for top North American banks on Fintech product

Updated 30 Mar, 2020 05:14am

Pakistan condemns missile attack on Saudi Arabia

Pakistan strongly condemns the missile attacks launched towards Riyadh and Jizan in the Kingdom of Saudi Arabia. It is particularly reprehensible that armed attacks were directed at civilian population that is already fighting a pandemic.

Published 30 Mar, 2020 12:00am

People not taking coronavirus situation seriously: Sarwar

Punjab Governor Chaudhry Mohammad Sarwar has said that unfortunately the people are not taking corona danger as serious because coming out of homes means high vulnerability to catch this virus. Government will take every step to confine the people to thei

Published 30 Mar, 2020 12:00am

Shehbaz for enhancing testing capacity

PML-N President and National Assembly Opposition Leader says it is extremely crucial that the scope and circumference of new coronavirus testing and it should immediately be made free because identification and tracking of the disease is extremely crucial

Published 30 Mar, 2020 12:00am

Marriyum deplores absence of national Covid-19 strategy

PML-N Secretary Information Marriyum Aurangzeb has called an immediate boost in capacity for new coronavirus testing, quarantine and public awareness campaign.

Published 30 Mar, 2020 12:00am

Firdous accuses Shehbaz of neglecting health sector facilities

Expressing dismay over the negligence of ex Chief Minister Shehbaz Sharif and PML-N government for ignoring many sectors including health in Punjab, Special Assistant to Prime Minister on Information and Broadcasting, Dr Firdous Ashiq Awan said the people

Published 30 Mar, 2020 12:00am

Buzdar announces Rs 18 billion tax exemptions as relief to people

Punjab Chief Minister Usman Buzdar has said that exemption from provincial taxes amounting to Rs 18 billion will provide a real time relief to a common man.

Published 30 Mar, 2020 12:00am

Energy

Pakistan Energy Sukuk-II of Rs 200 billion: PD urged to expedite process of clearing IPPs' overdue amount

Independent Power Producers Association (IPPA) has urged Power Division to expedite Pakistan Energy Sukuk-II of Rs 200 billion to clear sizeable overdue amounts of IPPs which are on the verge of default, well informed sources told Business Recorder.</i

Published 30 Mar, 2020 12:00am

Business & Economy
PIA issues travel advisory for passengers of Gilgit, Skardu

The Pakistan International Airlines (PIA) has issued traveling advisory for the passengers of Gilgit and Skardu to prevent the spread of the Coronavirus.
Published 30 Mar, 2020 12:00am

67 more pilgrims shifted to quarantine centre in Faisalabad

Sixty seven more pilgrims from Taftan, Iran have reached Quarantina Center at Jhang road in PARS Campus and they all have been safely shifted to their rooms while reports of 140 pilgims have received of coronavirus out of the 158 visitors who came earlier
Published 30 Mar, 2020 12:00am

Business & Economy
PAJCCI calls for opening of transit routes for trade

Pak-Afghan Joint Chamber of Commerce and Industry (PAJCCI) has called for the opening of both Chaman and Torkham border to resume trade between both countries suspended in wake of the outbreak of Corona Virus pandemic.
Published 30 Mar, 2020 12:00am

Business & Economy
Coronavirus outbreak: WCCI hails PM's special economic package

The Women Chamber of Commerce and Industry (WCCI) Peshawar here on sunday welcomed the PM special economic relief package amid outbreak to coronavirus pandemic in the country, demanding to extend the same special monetary package for small medium enterpri
Published 30 Mar, 2020 12:00am

CS seeks public cooperation to combat Covid-19

Chief Secretary Punjab Azam Suleman Khan has emphasized that the war against coronavirus cannot be won without the cooperation of people as there is a dire need to infuse sense of confidence among citizens so as to achieve positive results.
Published 30 Mar, 2020 12:00am

PDMA Sindh dispatches KN-95 masks to hospitals

Provincial Disaster Management Authority (PDMA) Sindh, on the directives of Sindh Minister for Rehabilitation Faraz Dero, has so far dispatched over 1 lac KN-95 masks, donated by China, to various hospitals/medical centers.
Published 30 Mar, 2020 12:00am

Mother, son test positive for virus in KP

The coronavirus test of under treatment woman and her son at Police Services Hospital, Peshawar have come proved positive. The woman identified as Qimata Bibi and her son hail from Bara, district Khyber have been quarantined in their house, said an offici
Published 30 Mar, 2020 12:00am

210 quarantined in Hyderabad mosque

210 people belonging to Tablighi Jamaat have been quarantined at Noor Masjid Qasimabad, while out of these two Chinese had been sent to Civil Hospital Hyderabad in which one reportedly is Corona virus infected.
Published 30 Mar, 2020 12:00am

Chinese health experts' team visits NIH

A team of Chinese health experts led by Luo Zhaohui, Ambassador of China to Pakistan on Sunday visited National Institute of Health (NIH) for sharing their experiences in managing and combating Coronavirus (COVID-19).
Published 30 Mar, 2020 12:00am

Chicken price soars to Rs 197 in just a week

The price of chicken meant is increasing with each passing day in the local market due to rising demand and increasing short supply. During visits to different markets on Sunday, this scribe observed that the chicken meat was being sold at Rs 195-197 as c
Published 30 Mar, 2020 12:00am

Commodities
Essential items: Punjab CM vows to stabilise prices

Chief Minister Punjab Sardar Usman Buzdar directed authorities to undertake all necessary measures to bring stability in the prices of essential edibles including flour and further directed that provision of essential commodities and flour should be ensur
Published 30 Mar, 2020 12:00am

Plan to save irrigation water from being wasted chalked out

Punjab government has prepared a detailed plan costing Rs.3.68 billion to introduce modern irrigation system in the Province. The step was being taken to overcome the wastage of irrigation water in the Punjab.
Published 30 Mar, 2020 12:00am

Cotton & Textile
WEEKLY COTTON REVIEW: No business in local market due to coronavirus

The cotton trade was badly affected by coronavirus internationally. Local textile mills and ginners were in distress. Textile mills were shut down after the building up of inventory as a result of suspension of export orders from abroad.
Published 30 Mar, 2020 12:00am

Fatalities due to coronavirus: CM's aide vows to compensate families of govt employees

The provincial government of Khyber Pakhtunkhwa has decided payment of compensation to the families of all those government employees died from Corona virus infection while performing duty.
Published 30 Mar, 2020 12:00am

Business & Economy
BMP KP seeks relief package to mitigate impact of virus on economy

Chairman, Businessman Panel (BMP), Khyber Pakhtunkhwa and FPCCI panel on Diplomatic Political Affairs, Mohammad Adnan Jalil has demanded special package to mitigate the impact of the coronavirus situation on the business community of Khyber Pakhtunkhwa.
Published 30 Mar, 2020 12:00am

Cotton & Textile
Factories be allowed to run normal-time operation: TMAP chief

Chairman Towel Manufacturers Association of Pakistan (TMAP) Jahangir has said, "We are the Towel Manufacturers of Pakistan. We are a 100% export oriented industry and comprise of small and medium scale factories. It has already been a week of a formal loc
Published 30 Mar, 2020 12:00am

Sindh develops App for ration distribution on people's doorstep

Sindh Chief Minister Syed Murad Ali Shah has established a Sindh Relief Initiative Application with a URL address under which social welfare organisations interested in working with his government would have to get themselves registered so that ration cou
Published 30 Mar, 2020 12:00am

Sindh hails Centre's decision of not resuming int'l flights

Sindh Minister for Information, Local Government, Housing & Town Planning, Religious Affairs, Forest & Wildlife Syed Nasir Hussain Shah has said that the federal government had taken wise decision to not to resume the international flight operation from A
Published 30 Mar, 2020 12:00am

PRC-Sindh opens 24/7 Covid-19 Agaahi Medical Helpline

The Pakistan Red Crescent Society (PRCS) Sindh has launched a community medical assistance services named "COVID-19 AGAAHI Medical Helpline" on Saturday, with Coordination and Cooperation of Governor of Sindh and President of Pakistan at Emergency Operati
Published 30 Mar, 2020 12:00am

Pakistan for release of Kashmiri prisoners, lifting of curbs in IOJ&K

Pakistan is deeply concerned over continued restrictions in the Indian occupied Jammu and Kashmir (IOJ&K), despite so many confirmed cases and two deaths due to COVID-19.
Published 30 Mar, 2020 12:00am

Taxes
Promotions of BS-16 to BS-21: STOAP deplores discriminatory treatment of FBR officials

An urgent meeting of Central Executive Committee (CEC) of the Sales Tax Officers Association of Pakistan (STOAP) was held on Sunday through a video link to finalize action plan after continuous discriminatory treatment of the Federal Board of Revenue (FBR
Published 30 Mar, 2020 12:00am

Business & Economy
Industrial Policy 2020-30: KP to establish ten economic zones

The provincial government of Khyber Pakhtunkhwa has planned the establishment of 10 Special Economic Zones (SEZs) in the province to promote industry, trade and general employment opportunities for youth.
Published 30 Mar, 2020 12:00am

Business & Economy
PAF aircraft carrying medical equipment from China arrives

The Air Transport fleet of PAF has been assigned the onerous responsibility to Air lift medical equipment and relief goods from Peoples' Republic of China to help fight COVID-19 Pandemic in Pakistan.
Published 30 Mar, 2020 12:00am

Mayor demands test facility at one of three public sector hospitals

Mayor Karachi Waseem Akhtar Sunday asked Sindh government to provide coronavirus test facility at one of three public sector hospitals in district Central and West to cater over 10 million people residing there.
Published 30 Mar, 2020 12:00am

Previous Day

Forex
World
Commodity

Currency Rate

USD PKR Interbank Selling / Jan 31

279.03

USD PKR Interbank Buying / Jan 31

278.88

USD to Japanese Yen / Jan 31

155.19

USD to Swiss Franc / Jan 31

0.91

Pound Sterling to USD / Jan 31

1.24

Euro to USD / Jan 31

1.04

Stock Volume

Hang Seng / Jan 30

20,225.11

S&P 500 / Jan 31

6,040.53

India Sensex / Jan 31

77,500.57

Tokyo Nikkei / Jan 31

39,572.49

Nasdaq / Jan 31

19,627.44

FTSE 100 / Jan 31

8,673.96

Dow Jones / Jan 31

44,544.66

Germany DAX 30 / Jan 31

21,732.05

Item Value

Crude Oil USD/Barrel / Jan 31

72.53

Karachi Cotton PKR/37.32 KG / Jan 31

18,285

Gold 10 Grams PKR / Jan 31

250,171

Gold Spot USD/Ounce / Jan 31

2,798.41

Cotton US¢/pound / Jan 31

65.88

Petrol/Litre / Feb 2

256.13

Gainers
Losers
Leaders

Stock Price

Kohinoor Ind. / Jan 31

Kohinoor Industries Limited(KOIL)

10.21

▲ 1 (10.86%)

IGI Life Ins / Jan 31

IGI Life Insurance Limited(IGIL)

15.13

▲ 1.38 (10.04%)

Sana Ind / Jan 31

Sana Industries Limited(SNAI)

28.77

▲ 2.62 (10.02%)

Tariq Corporation / Jan 31

Tariq Corporation Limited(TCORP)

16.91

▲ 1.54 (10.02%)

I.C.C. Ind. / Jan 31

ICC Industries Limited(ICCI)

15.72

▲ 1.43 (10.01%)

Redco Textile / Jan 31

Redco Textiles Limited(REDCO)

24.17

▲ 2.2 (10.01%)

Leather Up Ltd. / Jan 31

Leather Up Limited(LEUL)

53.74

▲ 4.89 (10.01%)

Pak Leather / Jan 31

Pak Leather Crafts Limited(PAKL)

32.63

▲ 2.97 (10.01%)

Dandot Cement / Jan 31

Dandot Cement Company Limited(DNCC)

16.48

▲ 1.5 (10.01%)

Stock Price

Blue-Ex Ltd / Jan 31

Blue-Ex Limited (GEM)(GEMBLUEX)

54.86

▼ -6.1 (-10.01%)

D.M. Textile / Jan 31

D.M. Textile Mills Limited(DMTX)

63

▼ -7 (-10%)

First Imrooz Mod. / Jan 31

First Imrooz Modaraba(FIMM)

189

▼ -21 (-10%)

Power Cem(Pref) / Jan 31

Power Cement (Pref)(POWERPS)

10.41

▼ -1.15 (-9.95%)

National Silk / Jan 31

The National Silk & Rayon Mills Limited(NSRM)

40.84

▼ -4.51 (-9.94%)

Sec. Inv. Bank / Jan 31

Security Investment Bank Limited(SIBL)

7.83

▼ -0.76 (-8.85%)

Shahtaj Sugar / Jan 31

Shahtaj Sugar Mills Limited(SHJS)

109.56

▼ -10.44 (-8.7%)

Kohinoor Mills / Jan 31

Kohinoor Mills Limited(KML)

31.05

▼ -2.9 (-8.54%)

F.Credit & Inv / Jan 31

First Credit and Investment Bank Limited(FCIBL)

7.28

▼ -0.66 (-8.31%)

Stock Volume

Cnergyico PK / Jan 31

Cnergyico PK Limited(CNERGY)

66,672,997

▲ 0.14

Sui South Gas / Jan 31

Sui Southern Gas Company Limited(SSGC)

48,364,956

▼ -1.33

WorldCall Telecom / Jan 31

Worldcall Telecom Limited(WTL)

36,344,486

▼ -0.06

Waves Home Appliances / Jan 31

Waves Home Appliances Limited(WAVESAPP)

33,226,540

▼ -0.77

Bank Makramah / Jan 31

Bank Makramah Limited(BML)

31,509,642

▲ 0.04

B.O.Punjab / Jan 31

The Bank of Punjab(BOP)

17,873,860

▲ 0.2

K-Electric Ltd. / Jan 31

K-Electric Limited(KEL)

16,969,744

▼ -0.07

Pak Refinery / Jan 31

Pakistan Refinery Limited(PRL)

16,492,313

▼ -0.57

Treet Battery / Jan 31

Treet Battery Limited(TBL)

15,390,342

▲ 1.07

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300,000 tons of palm oil stuck at PQ: Cooking oil, ghee shortage likely: FPCCI

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Gold price per tola hits fresh all-time high in Pakistan

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NJLI Sarmaya Growth Fund Rates

Salaried individuals: FBR issues ‘frivolous’ tax recovery notices

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Gold price per tola hits fresh all-time high in Pakistan

300,000 tons of palm oil stuck at PQ: Cooking oil, ghee shortage likely: FPCCI

IMF mission likely to arrive by March

New dams to add 10 MAF of water to reserves in 4-5 years: Wapda chief

Late-session selling trims intra-day gains but KSE-100 still closes over 1,000 points higher

Gridlock: The gas dilemma and power play

Salaried individuals: FBR issues ‘frivolous’ tax recovery notices

NJLI Sarmaya Growth Fund Rates

POS system: FBR introduces massive changes in retailers’ procedure

300,000 tons of palm oil stuck at PQ: Cooking oil, ghee shortage likely: FPCCI

Stake in Reko Diq project: KSA, Pakistan still ironing out key deal details

Rates of DOC, chicken and eggs decline after CCP intervenes

More than 60 feared dead in Washington after jet hits helicopter, crashes into river

Bank Alfalah reports Rs39.9bn profit in 2024

New dams to add 10 MAF of water to reserves in 4-5 years: Wapda chief

Currency	Rate
USD PKR Interbank Selling / Jan 31	279.03
USD PKR Interbank Buying / Jan 31	278.88
USD to Japanese Yen / Jan 31	155.19
USD to Swiss Franc / Jan 31	0.91
Pound Sterling to USD / Jan 31	1.24
Euro to USD / Jan 31	1.04

Stock	Volume
Hang Seng / Jan 30	20,225.11
S&P 500 / Jan 31	6,040.53
India Sensex / Jan 31	77,500.57
Tokyo Nikkei / Jan 31	39,572.49
Nasdaq / Jan 31	19,627.44
FTSE 100 / Jan 31	8,673.96
Dow Jones / Jan 31	44,544.66
Germany DAX 30 / Jan 31	21,732.05

Item	Value
Crude Oil USD/Barrel / Jan 31	72.53
Karachi Cotton PKR/37.32 KG / Jan 31	18,285
Gold 10 Grams PKR / Jan 31	250,171
Gold Spot USD/Ounce / Jan 31	2,798.41
Cotton US¢/pound / Jan 31	65.88
Petrol/Litre / Feb 2	256.13

Stock	Price
Kohinoor Ind. / Jan 31 Kohinoor Industries Limited(KOIL)	10.21 ▲ 1 (10.86%)
IGI Life Ins / Jan 31 IGI Life Insurance Limited(IGIL)	15.13 ▲ 1.38 (10.04%)
Sana Ind / Jan 31 Sana Industries Limited(SNAI)	28.77 ▲ 2.62 (10.02%)
Tariq Corporation / Jan 31 Tariq Corporation Limited(TCORP)	16.91 ▲ 1.54 (10.02%)
I.C.C. Ind. / Jan 31 ICC Industries Limited(ICCI)	15.72 ▲ 1.43 (10.01%)
Redco Textile / Jan 31 Redco Textiles Limited(REDCO)	24.17 ▲ 2.2 (10.01%)
Leather Up Ltd. / Jan 31 Leather Up Limited(LEUL)	53.74 ▲ 4.89 (10.01%)
Pak Leather / Jan 31 Pak Leather Crafts Limited(PAKL)	32.63 ▲ 2.97 (10.01%)
Dandot Cement / Jan 31 Dandot Cement Company Limited(DNCC)	16.48 ▲ 1.5 (10.01%)

Stock	Price
Blue-Ex Ltd / Jan 31 Blue-Ex Limited (GEM)(GEMBLUEX)	54.86 ▼ -6.1 (-10.01%)
D.M. Textile / Jan 31 D.M. Textile Mills Limited(DMTX)	63 ▼ -7 (-10%)
First Imrooz Mod. / Jan 31 First Imrooz Modaraba(FIMM)	189 ▼ -21 (-10%)
Power Cem(Pref) / Jan 31 Power Cement (Pref)(POWERPS)	10.41 ▼ -1.15 (-9.95%)
National Silk / Jan 31 The National Silk & Rayon Mills Limited(NSRM)	40.84 ▼ -4.51 (-9.94%)
Sec. Inv. Bank / Jan 31 Security Investment Bank Limited(SIBL)	7.83 ▼ -0.76 (-8.85%)
Shahtaj Sugar / Jan 31 Shahtaj Sugar Mills Limited(SHJS)	109.56 ▼ -10.44 (-8.7%)
Kohinoor Mills / Jan 31 Kohinoor Mills Limited(KML)	31.05 ▼ -2.9 (-8.54%)
F.Credit & Inv / Jan 31 First Credit and Investment Bank Limited(FCIBL)	7.28 ▼ -0.66 (-8.31%)

Stock	Volume
Cnergyico PK / Jan 31 Cnergyico PK Limited(CNERGY)	66,672,997 ▲ 0.14
Sui South Gas / Jan 31 Sui Southern Gas Company Limited(SSGC)	48,364,956 ▼ -1.33
WorldCall Telecom / Jan 31 Worldcall Telecom Limited(WTL)	36,344,486 ▼ -0.06
Waves Home Appliances / Jan 31 Waves Home Appliances Limited(WAVESAPP)	33,226,540 ▼ -0.77
Bank Makramah / Jan 31 Bank Makramah Limited(BML)	31,509,642 ▲ 0.04
B.O.Punjab / Jan 31 The Bank of Punjab(BOP)	17,873,860 ▲ 0.2
K-Electric Ltd. / Jan 31 K-Electric Limited(KEL)	16,969,744 ▼ -0.07
Pak Refinery / Jan 31 Pakistan Refinery Limited(PRL)	16,492,313 ▼ -0.57
Treet Battery / Jan 31 Treet Battery Limited(TBL)	15,390,342 ▲ 1.07